Albany, NY -- (SBWIRE) -- 08/31/2016 -- The segmentation of the global solar home lighting market has been based on two distinct verticals that exist within the broader market. These are based on the technology used and the services provided. The segmentation of the market is as follows:

- Grid-tied solar home lighting systems
- Off-grid solar home lighting systems

In 2015, the solar home lighting market was dominated by the grid-tied systems, which accounted for nearly 86.35% of the global market. The off-grid solar home lighting segment is the underweight in the current market conditions. The segment commands 13.65% share of the global market pie.

The global solar home lighting market to grow at a CAGR of 20% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global solar home lighting market for 2016-2020.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Solar Home Lighting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Panasonic
- Tata Power Solar Systems
- Shenzhen Yingli New Energy Resources
- Sharp

Other prominent vendors
- GE Renewable Energy
- Su-Kam
- Solarcentury
- Philips

Market driver
- Increased focus on environmental protection
- For a full, detailed list, view our report

Market challenge
- Limited sales channels
- For a full, detailed list, view our report

Market trend
- - Dominance of emerging markets
For a full, detailed list, view our report

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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