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Solar Home Systems Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 134
  • SKU: IRTNTR73753
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The solar home systems market share is expected to increase to USD 1.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 21.4%.

This solar home systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers solar home systems market segmentation by type (PAYG products and cash products) and geography (Middle East and Africa, APAC, South America, North America, and Europe). The solar home systems market report also offers information on several market vendors, including Bboxx Ltd., Canadian Solar Inc., Cygni, First Solar Inc., Fosera Solarsystems GmbH and Co. KGaA, Hanwha Corp., JA Solar Technology Co. Ltd., Kyocera Corp., Lumos Global BV, M KOPA, NIWA Solar, Offgridsun srl, ovSolar Power Co. Ltd., Phocos AG, Renewit Solar Ltd., Schneider Electric SE, Sun King, SolarNow BV, Tata Sons Pvt. Ltd., and Yingli Green Energy Holding Co. Ltd. among others.

What will the Solar Home Systems Market Size be During the Forecast Period?

Solar Home Systems Market Size

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Solar Home Systems Market: Key Drivers, Trends, and Challenges

The availability of favorable financing options is notably driving the solar home systems market growth, although factors such as competition from alternative sources of energy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar home systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar Home Systems Market Driver

One of the key factors driving the global solar home systems market growth is the availability of favorable financing options such as fee-for-service or PAYG. For the PAYG products, companies rent out solar lighting systems, which constitute home products such as lights along with solar-based power supply mechanisms, to consumers. The customers then pay for the product in installments or for the use of the product as a service and companies minimize transaction costs, remotely activate services, and automate payments. Under this model, customers can opt to either take over the ownership of the systems or just purchase solar home systems as a service. For instance, in India, Greenlight Planet's EasyBuy solution leverages the PAYG model to promote the adoption of solar lamps and home lighting systems. Pollinate Energy Ltd., which is a social enterprise, uses a distribution network that employs the PAYG concept to make quality solar lighting products affordable and accessible to underprivileged consumers. Such factors will drive the market growth in the forecast period.

Key Solar Home Systems Market Trend

Rising support from NGOs in African and Asian countries is one of the key solar home systems market trends that is expected to impact the industry positively in the forecast period. Various NGOs are active in Tanzania, such as Solar Circle, a non-profit organization that promotes access to solar power in rural Tanzania, East Africa. Solar Circle also distributes solar cookers and lights in the Masasi district of Southern Tanzania to address the need for a clean and sustainable energy source as well as curb the high rates of deforestation. Similarly, as a part of the Lighting One Billion Lives initiative, which began in 2007, the NGO and India's energy research institute, TERI, have been coordinating the distribution of solar lamps in villages of India, working with vendors to lower the prices of solar lamps, training personnel and providing technical support, and working with several other organizations to help run the charging stations. Such factors will boost the growth of the market in focus.

Key Solar Home Systems Market Challenge

One of the key challenges to the global solar home systems market growth is the competition from alternative sources of energy. According to the IEA, power generation using fossil fuels, such as coal, oil, and natural gas, accounted for 64% of the global electricity mix, whereas renewable energy sources such as solar home, wind, and hydro accounted for just 26%. According to Technavio analysis, among the clean energy technologies employed worldwide in 2021, wind and hydro accounted for larger shares in power generation compared with solar. Moreover, efforts are being directed to boost the growth of hydro and wind power generation. For instance, the State Grid Corp. of China has been resolving the bottleneck issues in the transmission and grid connection of wind power in the country. Furthermore, offshore wind power plants result in the production of a higher amount of electricity compared with their onshore counterparts, which may hamper the adoption of solar home systems. 

This solar home systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global solar home systems market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the solar home systems market during the forecast period.

Who are the Major Solar Home Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Bboxx Ltd.
  • Canadian Solar Inc.
  • Cygni
  • First Solar Inc.
  • Hanwha Corp.
  • Fosera Solarsystems GmbH and Co. KGaA
  • JA Solar Technology Co. Ltd.
  • Kyocera Corp.
  • Lumos Global BV
  • M KOPA
  • NIWA Solar
  • Offgridsun srl
  • ovSolar Power Co. Ltd.
  • Phocos AG
  • Renewit Solar Ltd.
  • Schneider Electric SE
  • Sun King
  • SolarNow BV
  • Tata Sons Pvt. Ltd.
  • Yingli Green Energy Holding Co. Ltd.

 

This statistical study of the solar home systems market encompasses successful business strategies deployed by the key vendors. The solar home systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • First Solar Inc. - The company offers solar home systems such as Series 6, and Series 6 Plus.
  • Hanwha Corp. - The company offers solar home systems such as rooftop solar power equipment kits.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The solar home systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Solar Home Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the solar home systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Solar Home Systems Market?

Solar Home Systems Market Market segmentation by region

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47% of the market's growth will originate from Middle East and Africa during the forecast period. Kenya and Uganda are the key markets for solar home systems in Middle East and Africa. Market growth in this region will be faster than the growth of the market in South America and APAC.

The introduction of numerous initiatives by governments, such as USAID, in several countries will facilitate the solar home systems market growth in Middle East and Africa over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The impact of COVID-19 in 2021 was unprecedented and staggering for the solar energy market, with solar installations seeing a negative demand shock across regions amid the pandemic. However, the market gradually resumed business operations with a decrease in the number of active COVID-19 cases in the second half of 2021. Therefore, with the introduction of COVID-19 vaccines and the implementation of social distancing norms, the market is expected to flourish during the forecast period

What are the Revenue-generating Type Segments in the Solar Home Systems Market?

Solar Home Systems Market Segmentation

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The solar home systems market share growth by the PAYG products segment will be significant during the forecast period. In the PAYG business model, companies rent out solar home systems, and the consumers use basic mobile phones to make payments on a daily, weekly, or monthly basis. Thus, PAYG solar home systems are being used as an effective solution to provide people, particularly in African countries, with access to electricity, which will drive the segment growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar home systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Solar Home Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 21.4%

Market growth 2022-2026

$ 1.39 billion

Market structure

Fragmented

YoY growth (%)

20.5

Regional analysis

Middle East and Africa, APAC, South America, North America, and Europe

Performing market contribution

Middle East and Africa at 47%

Key consumer countries

Kenya, Uganda, Tanzania, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bboxx Ltd., Canadian Solar Inc., Cygni, First Solar Inc., Fosera Solarsystems GmbH and Co. KGaA, Hanwha Corp., JA Solar Technology Co. Ltd., Kyocera Corp., Lumos Global BV, M KOPA, NIWA Solar, Offgridsun srl, ovSolar Power Co. Ltd., Phocos AG, Renewit Solar Ltd., Schneider Electric SE, Sun King, SolarNow BV, Tata Sons Pvt. Ltd., and Yingli Green Energy Holding Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Solar Home Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive solar home systems market growth during the next five years
  • Precise estimation of the solar home systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar home systems industry across Middle East and Africa, APAC, South America, North America, and Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar home systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 PAYG products - Market size and forecast 2021-2026
      • Exhibit 28: Chart on PAYG products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on PAYG products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on PAYG products - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on PAYG products - Year-over-year growth 2021-2026 (%)
    • 5.4 Cash products - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Cash products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Cash products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Cash products - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Cash products - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 South America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.6 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.7 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.8 Kenya - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Kenya - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Kenya - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Kenya - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Kenya - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Uganda - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Uganda - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Uganda - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Uganda - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Uganda - Year-over-year growth 2021-2026 (%)
    • 7.12 Tanzania - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Tanzania - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Tanzania - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Tanzania - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Tanzania - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 First Solar Inc.
              • Exhibit 89: First Solar Inc. - Overview
              • Exhibit 90: First Solar Inc. - Business segments
              • Exhibit 91: First Solar Inc. - Key news
              • Exhibit 92: First Solar Inc. - Key offerings
              • Exhibit 93: First Solar Inc. - Segment focus
            • 10.4 Hanwha Corp.
              • Exhibit 94: Hanwha Corp. - Overview
              • Exhibit 95: Hanwha Corp. - Product / Service
              • Exhibit 96: Hanwha Corp. - Key news
              • Exhibit 97: Hanwha Corp. - Key offerings
            • 10.5 JA Solar Technology Co. Ltd.
              • Exhibit 98: JA Solar Technology Co. Ltd. - Overview
              • Exhibit 99: JA Solar Technology Co. Ltd. - Product / Service
              • Exhibit 100: JA Solar Technology Co. Ltd. - Key offerings
            • 10.6 Kyocera Corp.
              • Exhibit 101: Kyocera Corp. - Overview
              • Exhibit 102: Kyocera Corp. - Business segments
              • Exhibit 103: Kyocera Corp. - Key offerings
              • Exhibit 104: Kyocera Corp. - Segment focus
            • 10.7 M KOPA
              • Exhibit 105: M KOPA - Overview
              • Exhibit 106: M KOPA - Product / Service
              • Exhibit 107: M KOPA - Key offerings
            • 10.8 NIWA Solar
              • Exhibit 108: NIWA Solar - Overview
              • Exhibit 109: NIWA Solar - Product / Service
              • Exhibit 110: NIWA Solar - Key offerings
            • 10.9 Renewit Solar Ltd.
              • Exhibit 111: Renewit Solar Ltd. - Overview
              • Exhibit 112: Renewit Solar Ltd. - Product / Service
              • Exhibit 113: Renewit Solar Ltd. - Key offerings
            • 10.10 Schneider Electric SE
              • Exhibit 114: Schneider Electric SE - Overview
              • Exhibit 115: Schneider Electric SE - Business segments
              • Exhibit 116: Schneider Electric SE - Key news
              • Exhibit 117: Schneider Electric SE - Key offerings
              • Exhibit 118: Schneider Electric SE - Segment focus
            • 10.11 Sun King
              • Exhibit 119: Sun King - Overview
              • Exhibit 120: Sun King - Product / Service
              • Exhibit 121: Sun King - Key offerings
            • 10.12 Tata Sons Pvt. Ltd.
              • Exhibit 122: Tata Sons Pvt. Ltd. - Overview
              • Exhibit 123: Tata Sons Pvt. Ltd. - Business segments
              • Exhibit 124: Tata Sons Pvt. Ltd. - Key offerings
              • Exhibit 125: Tata Sons Pvt. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 126: Inclusions checklist
                • Exhibit 127: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 128: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 129: Research methodology
                • Exhibit 130: Validation techniques employed for market sizing
                • Exhibit 131: Information sources
              • 11.5 List of abbreviations
                • Exhibit 132: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Solar Home Systems market growth will increase by $1391.15 million during 2022-2026.
              The solar home systems market is expected to grow at a CAGR of 21.4% during 2022-2026.
              Technavio has segmented the solar home systems market by geographic (Middle East and Africa, APAC, South America, North America, and Europe).
              Bboxx Ltd., Canadian Solar Inc., Cygni, First Solar Inc., Fosera Solarsystems GmbH and Co. KGaA, Hanwha Corp., JA Solar Technology Co. Ltd., Kyocera Corp., Lumos Global BV, M KOPA, NIWA Solar, Offgridsun srl, ovSolar Power Co. Ltd., Phocos AG, Renewit Solar Ltd., Schneider Electric SE, Sun King, SolarNow BV, Tata Sons Pvt. Ltd., Yingli Green Energy Holding Co. Ltd. are a few of the key vendors in the solar home systems market.
              Middle East and Africa will register the highest growth rate of 47.31% among the other regions. Therefore, the solar home systems market in Middle East and Africa is expected to garner significant business opportunities for the vendors during the forecast period.
              • Kenya
              • Uganda
              • Tanzania
              • China
              • India
              The key factors driving the solar home systems market growth are:
              • Availability of favorable financing options
              • Rising support from NGOs
              The solar home systems market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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