Market Scenario
The Global Solar Street Lighting Market is predicted to demonstrate 21.02% CAGR during the forecast period (2017-2023) owing to the price reduction in LED, asserts Market Research Future (MRFR). Street lighting is considered an integral part of the urban as well as the rural infrastructure and helps to create a safe environment for the drivers and the pedestrians. Street lights across the globe are being updated to LED as they are more reliable when compared to traditional sodium lamps, consume less energy, and reduces cost. Solar lights are highly adopted across the world to keep the streets illuminated. Solar street lights are referred to as the light sources which are generally powered by photovoltaic panels which are mounted on the integrated pole. Such lights are majorly used for outdoor street lighting as solar is the primary source of energy.
Industry Updates
The Public Services Directorate of Mazatlan has recently announced that they will be installing solar panels for public lighting in order to save resources and move towards new technology.
Competitive Dashboard
The prominent players operating the Global Solar Street Lighting Market are
- Bridgelux Inc. (U.S.)
- Sol Inc. (U.S.)
- Dragons Breath Solar (U.K.)
- Philips Lighting Holding B.V. (The Netherlands)
- Omega Solar (India)
- SOKOYO Solar Group (China)
- Solar Street Lights USA (U.S.)
- VerySol Inc. (U.S.)
- Sunna Design (France)
- Urja Global Ltd. (India)
- Solektra International LLC (U.S.)
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Drivers and Constraints Impacting the Market
Solar power is highly adopted across the world. The need to conserve natural resources is one among the major reasons behind the adoption of solar power. Simultaneously, solar power is highly used to illuminate the streets globally. Factors such as conservation of resources, long-term power saving, and eliminating the need to generate additional power are highly contributing to the market growth during the assessment period. Solar street lights also provide quality and reliable lighting in developed as well as developing countries, which minimizes the environmental and economical costs of electric lighting along with light poverty. Moreover, reduction of prices in LED, battery components, and PV module, coupled with rapid technological innovation has stimulated the penetration of solar street lights. Moreover, reduced dependency on conventional energy, less reliance on the national grid, and conservation of energy are some of the benefits associated with the use of solar street lights, which are driving the solar street lighting market over the appraisal period. With the increasingly adverse effects of traditional forms of energy, governments across the globe are extensively promoting and supporting the use of electricity through sustainable energy sources. Such factors are pushing the growth of the market during the assessment period.
On the flip side, lack of LED standardization across the global is considered to act as a major restraint to the growth of the market. Moreover, climatic conditions also affect solar street lighting to a great extent.
Global Solar Street Lighting Market: Segmental Analysis
The global Solar Street Lighting Market has been segmented on the Basis of Type, Product Type, and Application.
By Mode of Product Type
- CFL
- LED
By Mode of Type
- Grid
- Standalone
By Mode of Application
- Commercial
- Residential
- Industrial
Regional Insights
- Europe
- North America
- Asia Pacific
- Rest-of-the-World
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining power of buyers
3.1.3 Bargaining power of Suppliers
3.1.4 Threat of substitutes
3.1.5 Segment rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
To be Continue ………….
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/solar-street-lighting-market-5350
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Solar Street Lighting Market 2019 | Global Industry Analysis By Size, Growth Factors, Trends, Leading Company Analysis, Opportunities, Regional, And Key Country Forecast To 2023
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