Global Solar Home Systems Market 2024-2028

Description

List of Tables

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:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	19.61%
CAGR	21.58%
Incremental Value	$2975.58mn

By Type

PAYG products
Cash products

By Distribution Channel

Offline
Online

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.

Product Code: IRTNTR73753

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 Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global solar home systems market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global solar home systems market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 PAYG products - Market size and forecast 2023-2028
Exhibit 34: Chart on PAYG products - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on PAYG products - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on PAYG products - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on PAYG products - Year-over-year growth 2023-2028 (%)
6.4 Cash products - Market size and forecast 2023-2028
Exhibit 38: Chart on Cash products - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Cash products - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Cash products - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Cash products - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 44: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 45: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 46: Chart on Comparison by Distribution Channel
Exhibit 47: Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
Exhibit 48: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 56: Market opportunity by Distribution Channel ($ million)
Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 63: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 South America - Market size and forecast 2023-2028
Exhibit 71: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.6 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.7 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.8 Kenya - Market size and forecast 2023-2028
Exhibit 83: Chart on Kenya - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Kenya - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Kenya - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Kenya - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
Exhibit 91: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 Uganda - Market size and forecast 2023-2028
Exhibit 95: Chart on Uganda - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Uganda - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Uganda - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Uganda - Year-over-year growth 2023-2028 (%)
9.12 Tanzania - Market size and forecast 2023-2028
Exhibit 99: Chart on Tanzania - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Tanzania - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Tanzania - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Tanzania - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Canadian Solar Inc.
Exhibit 111: Canadian Solar Inc. - Overview
Exhibit 112: Canadian Solar Inc. - Business segments
Exhibit 113: Canadian Solar Inc. - Key news
Exhibit 114: Canadian Solar Inc. - Key offerings
Exhibit 115: Canadian Solar Inc. - Segment focus
12.4 Enphase Energy Inc.
Exhibit 116: Enphase Energy Inc. - Overview
Exhibit 117: Enphase Energy Inc. - Product / Service
Exhibit 118: Enphase Energy Inc. - Key offerings
12.5 Fosera Solarsystems GmbH and Co. KGaA
Exhibit 119: Fosera Solarsystems GmbH and Co. KGaA - Overview
Exhibit 120: Fosera Solarsystems GmbH and Co. KGaA - Product / Service
Exhibit 121: Fosera Solarsystems GmbH and Co. KGaA - Key offerings
12.6 JinkoSolar Holding Co. Ltd.
Exhibit 122: JinkoSolar Holding Co. Ltd. - Overview
Exhibit 123: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibit 124: JinkoSolar Holding Co. Ltd. - Key offerings
12.7 LG Electronics Inc.
Exhibit 125: LG Electronics Inc. - Overview
Exhibit 126: LG Electronics Inc. - Product / Service
Exhibit 127: LG Electronics Inc. - Key offerings
12.8 Lumos Global BV
Exhibit 128: Lumos Global BV - Overview
Exhibit 129: Lumos Global BV - Product / Service
Exhibit 130: Lumos Global BV - Key offerings
12.9 Panasonic Holdings Corp.
Exhibit 131: Panasonic Holdings Corp. - Overview
Exhibit 132: Panasonic Holdings Corp. - Product / Service
Exhibit 133: Panasonic Holdings Corp. - Key news
Exhibit 134: Panasonic Holdings Corp. - Key offerings
12.10 Reliance Industries Ltd.
Exhibit 135: Reliance Industries Ltd. - Overview
Exhibit 136: Reliance Industries Ltd. - Business segments
Exhibit 137: Reliance Industries Ltd. - Key news
Exhibit 138: Reliance Industries Ltd. - Key offerings
Exhibit 139: Reliance Industries Ltd. - Segment focus
12.11 Schneider Electric SE
Exhibit 140: Schneider Electric SE - Overview
Exhibit 141: Schneider Electric SE - Business segments
Exhibit 142: Schneider Electric SE - Key news
Exhibit 143: Schneider Electric SE - Key offerings
Exhibit 144: Schneider Electric SE - Segment focus
12.12 SMA Solar Technology AG
Exhibit 145: SMA Solar Technology AG - Overview
Exhibit 146: SMA Solar Technology AG - Business segments
Exhibit 147: SMA Solar Technology AG - Key offerings
Exhibit 148: SMA Solar Technology AG - Segment focus
12.13 SunPower Corp.
Exhibit 149: SunPower Corp. - Overview
Exhibit 150: SunPower Corp. - Product / Service
Exhibit 151: SunPower Corp. - Key news
Exhibit 152: SunPower Corp. - Key offerings
12.14 Tata Power Co. Ltd.
Exhibit 153: Tata Power Co. Ltd. - Overview
Exhibit 154: Tata Power Co. Ltd. - Business segments
Exhibit 155: Tata Power Co. Ltd. - Key offerings
Exhibit 156: Tata Power Co. Ltd. - Segment focus
12.15 Tesla Inc.
Exhibit 157: Tesla Inc. - Overview
Exhibit 158: Tesla Inc. - Business segments
Exhibit 159: Tesla Inc. - Key news
Exhibit 160: Tesla Inc. - Key offerings
Exhibit 161: Tesla Inc. - Segment focus
12.16 Trina Solar Co. Ltd.
Exhibit 162: Trina Solar Co. Ltd. - Overview
Exhibit 163: Trina Solar Co. Ltd. - Product / Service
Exhibit 164: Trina Solar Co. Ltd. - Key offerings
12.17 Yingli Green Energy Holding Co. Ltd.
Exhibit 165: Yingli Green Energy Holding Co. Ltd. - Overview
Exhibit 166: Yingli Green Energy Holding Co. Ltd. - Product / Service
Exhibit 167: Yingli Green Energy Holding Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 168: Inclusions checklist
Exhibit 169: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 170: Currency conversion rates for US$
13.4 Research methodology
Exhibit 171: Research methodology
Exhibit 172: Validation techniques employed for market sizing
Exhibit 173: Information sources
13.5 List of abbreviations
Exhibit 174: List of abbreviations