Solar Street Lighting Market Record Ascending Growth of CAGR 21% | Market Share, Growth, Statistics, Competitor Landscape, Key Players Analysis 2023

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Global Solar Street Lighting Market Segmented By Type- Standalone, On Grid, By Product Type- Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED), By Application, and By Regions - Forecast 2017-2023.

Solar Street Lighting Market – Overview

The concept of solar powered devices has gained considerable momentum in recent years owing to the global debate surrounding global warming and energy efficient practices. Market reports associated with the energy and power sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The Solar Street Lighting Market is anticipated to achieve 21.02 % CAGR by the end of the forecast period.

As concepts of smart cities filter down to urban and rural infrastructures, the demand for solar lighting is also picking up traction. LED lighting is found to have a significant hold in the market due to its energy efficiency. The quality lighting and reliability offered by Solar Lighting Market is prompting demand growth both in the consumer and manufacturer end. The market is poised to witness dramatic price reduction in the LEDs cost and Rapid technical innovation which is projected to bolster the growth of the market in the coming years.

Global Solar Street Lighting Market – Competitive Analysis

The market of solar street lighting appears to be highly competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players.

Key suppliers are trying to market solar powered LED lighting products to 3rd World countries such as Burma, Cuba, Libya, and others along with some promising markets such as India and the Middle East.

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Solar Street Lighting Market – Segments

For the better understanding of this report the Global Solar Street Lighting Market has been segmented into four key dynamics.

By Types

• Comprises Standalone
• On Grid

By Product Types

• Compact Fluorescent Lamps (CFL)
• Light Emitting Diode (LED)
• Others

By Applications

• Residential
• Commercial
• Industrial

By Regions

• North America
• Europe
• Rest-of-the-World (RoW)

Solar Street Lighting Market – Regional Analysis

As per the MRFR analysis, markets in the North America and Europe are witnessing huge developments owing to the well-spread awareness towards the benefits of solar lighting.

Globally, Asia Pacific dominates the Global Solar Street Lighting Market. Factors such as the proliferating infrastructure development and smart city projects in countries such as India and China are substantiating the market growth in the region. Besides the growing GDP in some of the dynamic economies such as India, coupled with the technological advancements in the region are also leading to the market growth. Moreover, growing awareness about the advantages and government initiatives to increase the solar lightings implement are supporting the market growth in the APAC region.

Key Players:

Some of the prominent players profiled in MRFR analysis and are at forefront of the competition in the Global Solar Street Lighting Market.

• Solar Street Lights USA (US)
• VerySol Inc. (US)
• Dragons Breath Solar (UK)
• Solektra International LLC (US)
• Urja Global Ltd. (India)
• Bridgelux Inc. (US)
• Sunna Design (France)
• SOKOYO Solar Group (China)
• Sol Inc.(US)
• Omega Solar (India)
• Philips Lighting Holding B.V.( the Netherlands)

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Industry Updates:

March 2018 Philips Lighting has launched a new generation of solar-powered street lighting systems and products. Innovations comprise of an all-in-one solar street light, Philips SunStay, which unites solar panel, light, and battery in one housing, and Philips LifeLight which is a solar lantern which comes with a disposable battery.

The company’s two recent large-scale solar-powered street lighting installations in India, and the end of 700 sets of linked solar street lights with remote monitoring and data competences in Thailand.

Solar Street Lighting Market - Table of Contents

1 Executive Summary

2 Research Methodology

• Scope of the Study
• Research Process
• Market Size Estimation
• Forecast Model

3 Market Dynamics

• Market Drivers
• Market Inhibitors
• Supply/Value Chain Analysis
• Porter’s Five Forces Analysis

4 Global Solar Street Lighting Market, By Type

5 Global Solar Street Lighting Market, By Voltage

To be Continue....,

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Name: Abhishek
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Organization: Market Research Future
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Release ID: 459131

Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India