| Product Code: ETC6900374 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cyprus continued to rely on imports for off-grid solar lighting, with top exporting countries being Greece, China, Italy, Israel, and Germany. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a steady growth with a Compound Annual Growth Rate (CAGR) of 5.95% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -16.65%, suggesting potential challenges or shifts in the market dynamics during that period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Off-Grid Solar Lighting Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Off-Grid Solar Lighting Market - Industry Life Cycle |
3.4 Cyprus Off-Grid Solar Lighting Market - Porter's Five Forces |
3.5 Cyprus Off-Grid Solar Lighting Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cyprus Off-Grid Solar Lighting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Off-Grid Solar Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and renewable energy solutions |
4.2.2 Government initiatives and incentives to promote off-grid solar lighting |
4.2.3 Growing awareness about the benefits of off-grid solar lighting systems |
4.3 Market Restraints |
4.3.1 High initial installation costs of off-grid solar lighting systems |
4.3.2 Limited access to financing for consumers |
4.3.3 Lack of technical expertise for installation and maintenance of off-grid solar lighting systems |
5 Cyprus Off-Grid Solar Lighting Market Trends |
6 Cyprus Off-Grid Solar Lighting Market, By Types |
6.1 Cyprus Off-Grid Solar Lighting Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Solar Lantern System, 2021- 2031F |
6.1.4 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Solar Home System, 2021- 2031F |
6.1.5 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Large Solar Home System, 2021- 2031F |
6.2 Cyprus Off-Grid Solar Lighting Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.4 Cyprus Off-Grid Solar Lighting Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Cyprus Off-Grid Solar Lighting Market Import-Export Trade Statistics |
7.1 Cyprus Off-Grid Solar Lighting Market Export to Major Countries |
7.2 Cyprus Off-Grid Solar Lighting Market Imports from Major Countries |
8 Cyprus Off-Grid Solar Lighting Market Key Performance Indicators |
8.1 Average daily operating hours of off-grid solar lighting systems |
8.2 Percentage of households using off-grid solar lighting systems |
8.3 Number of off-grid solar lighting installations in rural areas |
9 Cyprus Off-Grid Solar Lighting Market - Opportunity Assessment |
9.1 Cyprus Off-Grid Solar Lighting Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cyprus Off-Grid Solar Lighting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Off-Grid Solar Lighting Market - Competitive Landscape |
10.1 Cyprus Off-Grid Solar Lighting Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Off-Grid Solar Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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