Global Solar Home System Market Size, Status and Forecast 2022

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.
A considerable section of the population across the world, especially in developing Asian countries still lack access to electricity. This has led to the development of solutions and technologies to facilitate easy access to electricity. Off-grid renewable solutions such as solar home systems are emerging as viable electrification solutions as they are rapidly scalable, environmentally sustainable, and can be customized according to local conditions. The adoption of solar home systems is also unlocking the latent demand and improving the viability of larger systems such as mini-grids or grid extension.

Market Analysis and Insights: Global Solar Home System Market
In 2021, the global Solar Home System market size will be US$ million and it is expected to reach US$ million by the end of 2027, with a CAGR of % during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Solar Home System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Solar Home System market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Solar Home System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Solar Home System market.

Global Solar Home System Scope and Market Size
Solar Home System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Solar Home System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
PAYG Products
Cash Products

Segment by Application
Online
Offline

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Greenlight Planet Inc.
M-KOPA SOLAR Kenya Ltd.
NIWA Solar
Renewit Solar Ltd.
Schneider Electric SE