technology news

Africa Off Grid Solar Lighting Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Latest updates on Africa Off Grid Solar Lighting market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

SLS, SHS and LSHS are key products prevalent in the industry. Solar lantern system was largest product segment followed by SHS. The SHS Africa off grid solar lighting market size was over 3 million units in 2015.

The market is categorized on application basis as residential, commercial, and industrial. Commercial application segment accounted over 20% of total share in 2015 and is forecast to reach USD 310 million, with calculated at over 16% CAGR.

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43878

Africa Off Grid Solar Lighting Market size is expected to reach USD 1.41 billion by 2024; according to a new research report

Africa Off Grid Solar Lighting Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Africa Off Grid Solar Lighting Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43878

Technological development offers added features such as extra battery life and multiple features such as mobile charging. Increasing cell phone customer base is anticipated to drive off grid solar lighting market over forecast timeframe.

Key insights from the report include:

Increasing need to enlighten rural Africa by clean light source is forecast to be key growth driver. Approximately, over 590 million of the regional population have no access to electricity, which includes over 130 million urban populations. Furthermore, large population segment is dependent on conventional light source such as kerosene lamps and candles. Oscillating kerosene prices coupled with increasing awareness regarding health hazards synced with conventional light source may complement off grid solar lighting market from 2016 to 2024.

Solar lanterns product segment was dominant product segment in 2015 accounting over 50% of total share. Increasing demand for portable, affordable, and clean electricity source in rural Africa is forecast to drive Africa off grid solar lighting market size for solar lanterns.

Solar Home System (SHS) is projected to expand at over 17% CAGR up to 2024. Increasing customer base for cell phones is likely to boost SHS demand over the forecast timeframe.

Major Highlights from Table of contents are listed below for quick lookup into Africa Off Grid Solar Lighting Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Africa Off Grid Solar Lighting Market
  • Product trends
  • Application trends

Chapter 3. Africa Off Grid Solar Lighting Industry Insights

  • Africa Off Grid Solar Lighting Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Africa Off Grid Solar Lighting industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Africa Off Grid Solar Lighting Market Technology & innovation landscape
  • Industry impact forces
  • Africa Off Grid Solar Lighting Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Africa Off Grid Solar Lighting Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Africa Off Grid Solar Lighting Market
  • SWOT Analysis

Request Customization on This Report @ https://www.cuereport.com/request-for-customization/43878

About the author

Market Study Report

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.