Global Solar Street Lighting Market was estimated at USD 4.9 billion in 2017 and is anticipated to witness a steep rise by generating an estimated revenue of US$ XX.XX over the forecast period. According to latest study conducted by our analysts and industry experts, global XXXX market is expected to grow at a CAGR of 21.2% during the forecast period, i.e. 2017-2025.
Solar street lights are lights designed in a special way and powered by solar panels. These lights are similar as ordinary street lights, but are renewable and performance is better. These street lights are being welcomed in different regions due to their efficiency in reducing the cost generated from traditional street lightings or systems.
Global Solar Street Lighting Market Growth Opportunities (Revenue, Growth) By 2017-2025
The Global Solar Street Lighting Market is anticipated annual installation is anticipated to exceed 12 million units by 2025, owing to rising government support to sustainable source of energy in order to save energy, coupled with balancing the environment that is getting affected through overuse of artificial source of energy. Escalation in funds from government and non-government sources for the development of public infrastructure is propelling the growth of the market during the upcoming years. Furthermore, rise in solar technology, and development of high number of solar panels is also fueling the growth of the market. Another reason for the growth of solar street lighting market is low cost of these lights that are affordable for both developed as well as developing nations.
Among applications, residential segment is projected to witness higher growth in solar street lighting market during the forecast period, owing to rise in residential colonies and societies. Low cost of maintenance for residential solar street lighting is further propelling the growth of the segment. Furthermore, high energy emitted by solar street lights can fulfill the lighting requirements of houses and societies across the globe.
Among lighting source, LEDs or Liquid Crystal Display lights are expected to grow at a significant pace in the upcoming years, owing to efficient wattage and lumen features present in LED lights. Affordability and superior lighting performance of LED lights are anticipated to help in boosting the growth of the segment in global solar street lighting market during the forecast period.
North America, especially US is expected to hold the dominance in the global solar street lighting market and is projected to grow overall CAGR 12% by 2025, due to rising adoptation of sustainable products in the region. Increase in installment of solar panels in the region to produce solar products is another reason that can aid the growth of solar street lighting market of North America.
Global Solar Street Lighting Market Size, Share Analysis By Region 2017
Asia Pacific is anticipated to grow swiftly in the global solar street lighting market, owing to rising government initiatives in countries such as India and China to adopt sustainable energy products, in order to curb pollution and save energy. Strong sales strategies of solar street lighting products in Asian countries, coupled with presence of a huge number of global market players in the region, is expected to boost the growth of the industry efficiently over the forecast period. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.
Global Solar Street Lighting Market Study Objective
1. To forecast the market size of solar street lighting market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of solar street lighting market on the basis of region, substrate and application or end-use industry.
3. To analyze and elaborate significant factors that will have major impact on the growth of solar street lighting market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of solar street lighting market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the solar street lighting market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of solar street lighting market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of solar street lighting market commercially.
Major players performing in solar street lighting market include SOKOYO Solar Group, Yingli Solar, Urja Global Ltd., Philips Lighting Holding B.V, Bridgelux Inc., Leadsun VerySol GmbH, MarSunna Design, Dragons Breath Solar, Omega Solar, Sol Inc., and Solektra International. Global market players are focusing on product launches in order to maintain their prominence in the region.
Global Solar Street Lighting Market Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.
The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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