Reports and Data has recently published a latest report titled “Global Solar Street Lighting Market Forecast to 2027” that offers crucial insights into current and emerging business trends and provides thorough analysis of the business model through extensive statistical analysis. The report has been formulated through thorough primary and secondary research and offers key insights into the historical and current data with regards to market size, market share, revenue growth rate, factors contributing to revenue growth, factors restraining market growth, threats and opportunities, and overall market overview. The report additionally discusses in-depth the strategic initiatives taken by the major market players for expanding their consumer base and to gain market size.
The report offers a panoramic view of competitive landscape of the global market to offer key insights into the key players and their business expansion plans. It also offers critical insights into their financial status, global position, product portfolio, revenue and gross profit margins, and technological and research developments. It further sheds lights on MA activities, collaborations, partnerships, agreements, deals, and product launches among others. The research study deploys advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis to offer deeper insights into key players.
Consumer goods industry is expected to register significant revenue growth over the forecast period owing to increasing focus on sustainability, increasing penetration of e-commerce channels, and growing emphasis on enhancing customer experience. Growing need to reduce plastic packaging and increasing preference for eco-friendly packaging is also contributing to revenue growth of the market. Companies are focusing on catering to needs and demand of consumers to offer them personalized experience and keep up with the changing consumer demands. Increasing demand for functional foods and growing focus on health and wellness are some other key factors driving market growth.
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Market Dynamics:
Fast-moving consumer goods (FMCG) are non-durable products that are sold quickly at relatively lower costs. Packaged consumer goods cover a variety of segments including baby care, beauty care, home care, fabric, food beverage, healthcare, feminine care, and tissues and towel, among others. Amid the COVID-19 pandemic, demand for fast-moving consumer goods such as disinfectants, general-purpose hand wash, dispensers, and liquid soaps among others increased exponentially. Growing awareness regarding health and hygiene among consumers have boosted their demand and resulted in a strong market position. Increasing focus on designing robust supply chain framework, expansion of fleet, and improvements in multi-product supply chains have further contributed to the growth of the FMCG industry. Increasing consumption of consumer goods, availability of high-quality goods at affordable prices, and growing availability of convenience goods are some other factors expected to drive market revenue growth over the forecast period.
Key companies in the market are exploring value-creating markets and expand their product portfolio with new additions of goods and through thorough innovations and adoption of new marketing opportunities. Investment in new technologies and rapid advancements in manufacturing to gain a robust footing in the market are some other factors expected to drive market growth over the forecast period.
Major Companies Operating in the industry and profiled in the report are:
- Philips Lighting Holding B.V.
- Sunna Design
- Urja Global Ltd.
- Bridgelux Inc.,
- Solar Street Lighting USA
- Sol Inc.
- Yingli Solar
- Greenshine New Energy
- VerySol Inc.
- SOKOYO Solar Group
- Su-Kam
Furthermore, the report provides an in-depth assessment of the regional segments that covers North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. The report offers country-wise analysis of the major regions to provide crucial insights into market size, market share, consumption patterns, consumer demands, emerging trends, production and manufacturing capacity, and thorough market growth analysis for the forecast period, 2021-2028.
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Market Segmentation:
By Type
- Standalone
- On-grid
By Lighting Source
- LED
- Fluorescent Lamp
By Application
- Residential
- Commercial
- Industrial
The Regional Analysis Covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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