GLOBAL SOLAR STREET LIGHTING MARKET ANALYSIS REPORT |CAGR 21.02% BY 2023

Solar street lightings market Research Report- Forecast to 2023

GLOBAL SOLAR STREET LIGHTING MARKET

ANALYSIS REPORT CAGR 21.02% BY 2023

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Copyright © 2018 Market Research Future.

Solar street lightings market Research Report- Forecast to 2023

1 Summary Leading players in the global market for solar street lighting are focusing on expanding their production units across several regions over the coming years to gain a competitive edge over other players. As many developed economies have already witnessed a significant deployment of solar lighting and reached a notable place in the global market, emerging economies such as Asia Pacific is expected to present lucrative growth opportunities to manufacturers with the demand for solar street lighting gaining momentum.

Key Players: We recognize the key players in the global solar street lighting market are VerySol Inc. (U.S.), Solar Street Lights USA (U.S.), Dragons Breath Solar (U.K.), Urja Global Ltd. (India), Solektra International LLC (U.S.), Bridgelux Inc. (U.S.), SOKOYO Solar Group (China), Sunna Design (France), Sol Inc.(U.S.), Philips Lighting Holding B.V.( the Netherlands), and Omega Solar (India).

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Copyright Š 2018 Market Research Future.

Solar street lightings market Research Report- Forecast to 2023

2 Market Overview One of the primary drivers for the growth of solar energy is the government intervention through initiatives and policies. Solar energy policy is developed by governments to sustain the growth of solar energy, including solar energy production, distribution and consumption. Solar energy policies include legislation, international treaties and incentives to investment such as the formation incentives in the U.S. In many countries such as India and EU countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws, have been developed and implemented to promote the use of solar energy.

Additionally, policies such as production incentives, quota requirements, trading systems, also have been developed to influence the growth of the market.

Developed countries in North America and Europe are likely to play a key role in the development of the global solar street lighting market due to the widespread demand for replacement of conventional street lighting systems. Developing countries in Asia Pacific and Africa are also the key consumers in the solar street lighting market. The widespread demand for large-scale lighting systems in dynamic economies such as India and China is vital for the Asia Pacific solar street lighting market, with India topping the global solar street lighting market.

SOLAR STREET LIGHTINGS MARKET ANALYSIS: Market Research Future analysis shows that the global market of solar street lightings market is estimated to grow at CAGR of 21.02 % by the end of the forecast period. These are outdoor raised light sources that are powered by the photovoltaic or PV panels. By raised, it means that the solar panels are either mounted on the lighting structure or they are connected using a pole. These PV panels are equipped with a rechargeable battery, which enables them to provide power for the duration of the entire night to the fluorescent or LED lamp. Also, in the majority of instances, these solar street lights have solar panels, which can sense outdoor light, automatically, through an external light source. With the energy production and storage capacities, even in the absence of sunlight these can produce light, successively, during nights for a minimum of 2-3 days.

Urban street lights are densely-clustered, making it cost-effective to upgrade lighting with LED and connectivity. However, rural areas have a much lower density of street lighting, which can be more expensive to replace and maintain.

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Copyright Š 2018 Market Research Future.

Solar street lightings market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.

Solar street lightings market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.