Solar home systems (SHS) are stand-alone photovoltaic systems that offer a cost-effective mode of supplying amenity power for lighting and appliances to remote off-grid households. In rural areas, that are not connected to the grid, SHS can be used to meet a household's energy demand fulfilling basic electric needs.
Market Analysis and Insights: Global Solar Home System Market
The global Solar Home System market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.344 GW.
Report Covers:
This report presents an overview of global market for Solar Home System market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Solar Home System, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Solar Home System, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Solar Home System revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Solar Home System market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Solar Home System revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
Greenlight Planet Inc.
M-KOPA SOLAR Kenya Ltd.
NIWA Solar
Renewit Solar Ltd.
Schneider Electric SE
Segment by Type
PAYG Products
Cash Products
Segment by Application
Online
Offline
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Solar Home System in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Solar Home System companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Solar Home System revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Solar Home System Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 PAYG Products
1.2.3 Cash Products
1.3 Market by Application
1.3.1 Global Solar Home System Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Online
1.3.3 Offline
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Solar Home System Market Perspective (2019-2030)
2.2 Global Solar Home System Growth Trends by Region
2.2.1 Solar Home System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Solar Home System Historic Market Size by Region (2019-2024)
2.2.3 Solar Home System Forecasted Market Size by Region (2025-2030)
2.3 Solar Home System Market Dynamics
2.3.1 Solar Home System Industry Trends
2.3.2 Solar Home System Market Drivers
2.3.3 Solar Home System Market Challenges
2.3.4 Solar Home System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Solar Home System by Players
3.1.1 Global Solar Home System Revenue by Players (2019-2024)
3.1.2 Global Solar Home System Revenue Market Share by Players (2019-2024)
3.2 Global Solar Home System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Solar Home System, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Solar Home System Market Concentration Ratio
3.4.1 Global Solar Home System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Solar Home System Revenue in 2023
3.5 Global Key Players of Solar Home System Head office and Area Served
3.6 Global Key Players of Solar Home System, Product and Application
3.7 Global Key Players of Solar Home System, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Solar Home System Breakdown Data by Type
4.1 Global Solar Home System Historic Market Size by Type (2019-2024)
4.2 Global Solar Home System Forecasted Market Size by Type (2025-2030)
5 Solar Home System Breakdown Data by Application
5.1 Global Solar Home System Historic Market Size by Application (2019-2024)
5.2 Global Solar Home System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Solar Home System Market Size (2019-2030)
6.2 North America Solar Home System Market Size by Type
6.2.1 North America Solar Home System Market Size by Type (2019-2024)
6.2.2 North America Solar Home System Market Size by Type (2025-2030)
6.2.3 North America Solar Home System Market Share by Type (2019-2030)
6.3 North America Solar Home System Market Size by Application
6.3.1 North America Solar Home System Market Size by Application (2019-2024)
6.3.2 North America Solar Home System Market Size by Application (2025-2030)
6.3.3 North America Solar Home System Market Share by Application (2019-2030)
6.4 North America Solar Home System Market Size by Country
6.4.1 North America Solar Home System Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Solar Home System Market Size by Country (2019-2024)
6.4.3 North America Solar Home System Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Solar Home System Market Size (2019-2030)
7.2 Europe Solar Home System Market Size by Type
7.2.1 Europe Solar Home System Market Size by Type (2019-2024)
7.2.2 Europe Solar Home System Market Size by Type (2025-2030)
7.2.3 Europe Solar Home System Market Share by Type (2019-2030)
7.3 Europe Solar Home System Market Size by Application
7.3.1 Europe Solar Home System Market Size by Application (2019-2024)
7.3.2 Europe Solar Home System Market Size by Application (2025-2030)
7.3.3 Europe Solar Home System Market Share by Application (2019-2030)
7.4 Europe Solar Home System Market Size by Country
7.4.1 Europe Solar Home System Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Solar Home System Market Size by Country (2019-2024)
7.4.3 Europe Solar Home System Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Solar Home System Market Size (2019-2030)
8.2 China Solar Home System Market Size by Type
8.2.1 China Solar Home System Market Size by Type (2019-2024)
8.2.2 China Solar Home System Market Size by Type (2025-2030)
8.2.3 China Solar Home System Market Share by Type (2019-2030)
8.3 China Solar Home System Market Size by Application
8.3.1 China Solar Home System Market Size by Application (2019-2024)
8.3.2 China Solar Home System Market Size by Application (2025-2030)
8.3.3 China Solar Home System Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Solar Home System Market Size (2019-2030)
9.2 Asia Solar Home System Market Size by Type
9.2.1 Asia Solar Home System Market Size by Type (2019-2024)
9.2.2 Asia Solar Home System Market Size by Type (2025-2030)
9.2.3 Asia Solar Home System Market Share by Type (2019-2030)
9.3 Asia Solar Home System Market Size by Application
9.3.1 Asia Solar Home System Market Size by Application (2019-2024)
9.3.2 Asia Solar Home System Market Size by Application (2025-2030)
9.3.3 Asia Solar Home System Market Share by Application (2019-2030)
9.4 Asia Solar Home System Market Size by Region
9.4.1 Asia Solar Home System Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Solar Home System Market Size by Region (2019-2024)
9.4.3 Asia Solar Home System Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Solar Home System Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Solar Home System Market Size by Type
10.2.1 Middle East, Africa, and Latin America Solar Home System Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Solar Home System Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Solar Home System Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Solar Home System Market Size by Application
10.3.1 Middle East, Africa, and Latin America Solar Home System Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Solar Home System Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Solar Home System Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Solar Home System Market Size by Country
10.4.1 Middle East, Africa, and Latin America Solar Home System Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Solar Home System Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Solar Home System Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 Greenlight Planet Inc.
11.1.1 Greenlight Planet Inc. Company Details
11.1.2 Greenlight Planet Inc. Business Overview
11.1.3 Greenlight Planet Inc. Solar Home System Introduction
11.1.4 Greenlight Planet Inc. Revenue in Solar Home System Business (2019-2024)
11.1.5 Greenlight Planet Inc. Recent Developments
11.2 M-KOPA SOLAR Kenya Ltd.
11.2.1 M-KOPA SOLAR Kenya Ltd. Company Details
11.2.2 M-KOPA SOLAR Kenya Ltd. Business Overview
11.2.3 M-KOPA SOLAR Kenya Ltd. Solar Home System Introduction
11.2.4 M-KOPA SOLAR Kenya Ltd. Revenue in Solar Home System Business (2019-2024)
11.2.5 M-KOPA SOLAR Kenya Ltd. Recent Developments
11.3 NIWA Solar
11.3.1 NIWA Solar Company Details
11.3.2 NIWA Solar Business Overview
11.3.3 NIWA Solar Solar Home System Introduction
11.3.4 NIWA Solar Revenue in Solar Home System Business (2019-2024)
11.3.5 NIWA Solar Recent Developments
11.4 Renewit Solar Ltd.
11.4.1 Renewit Solar Ltd. Company Details
11.4.2 Renewit Solar Ltd. Business Overview
11.4.3 Renewit Solar Ltd. Solar Home System Introduction
11.4.4 Renewit Solar Ltd. Revenue in Solar Home System Business (2019-2024)
11.4.5 Renewit Solar Ltd. Recent Developments
11.5 Schneider Electric SE
11.5.1 Schneider Electric SE Company Details
11.5.2 Schneider Electric SE Business Overview
11.5.3 Schneider Electric SE Solar Home System Introduction
11.5.4 Schneider Electric SE Revenue in Solar Home System Business (2019-2024)
11.5.5 Schneider Electric SE Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Greenlight Planet Inc.
M-KOPA SOLAR Kenya Ltd.
NIWA Solar
Renewit Solar Ltd.
Schneider Electric SE
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*If Applicable.