Global Solar Home Systems Market 2024-2028
The solar home systems market is forecasted to grow by USD 2975.58 mn during 2023-2028, accelerating at a CAGR of 21.58% during the forecast period. The report on the solar home systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by availability of favorable financing options, rising demand for energy globally, and favorable government support for solar energy.
Technavio's solar home systems market is segmented as below:
By Type
- PAYG products
- Cash products
By Distribution Channel
By Geographical Landscape
- Middle East and Africa
- APAC
- South America
- North America
- Europe
This study identifies the rising support from ngos as one of the prime reasons driving the solar home systems market growth during the next few years. Also, rapid growth in adoption of portable devices and increasing demand for clean energy technologies will lead to sizable demand in the market.
The report on the solar home systems market covers the following areas:
- Solar home systems market sizing
- Solar home systems market forecast
- Solar home systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar home systems market vendors that include ABB Ltd., Array Technologies Inc., Canadian Solar Inc., Enphase Energy Inc., Fosera Solarsystems GmbH and Co. KGaA, Greenlight Planet, JinkoSolar Holding Co. Ltd., LG Electronics Inc., Lumos Global BV, ovSolar Power Co. Ltd., Panasonic Holdings Corp., Phocos AG, Powerband Green Energy Ltd., Reliance Industries Ltd., Schneider Electric SE, Shell plc, SMA Solar Technology AG, SolarEdge Technologies Inc., SunPower Corp., Tata Power Co. Ltd., Tesla Inc., Trina Solar Co. Ltd., and Yingli Green Energy Holding Co. Ltd.. Also, the solar home systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.