Global Solar Street Lighting Market was valued US$ 4.53 Bn and is estimated to reach US$ XX Bn by 2026 at a CAGR of XX % during the forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Solar Street Lighting Market is segmented by product, by lighting source, by application and by region. Based on type, solar street lighting market is segmented into light emitting diode (LED) and compact fluorescent lamps (CFL). In terms of sources, solar street lighting market is bifurcated into standalone and grid connected. Commercial, residential and industrial are end user segment of solar street lighting market. Geographically, solar street lighting market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Reduction in LED prices, various initiatives and projects by government to make city smarter and reducing carbon emissions drives the solar street lighting market. Solar light is an environment friendly, clean energy and hence there is no pollution and more energy saving. No wires associated with the solar street lights and so there is less risk of accidents proves the flexibility.
Standalone solar street lighting segment will witness a strong growth on account of growing product adoption across off grid or remote areas. High costs associated with street light infrastructure across remote areas makes best choice as an attractive alternative. Introduction of government programs including feed in tariff (FIT) and net metering will further boost the product penetration. Expansion of micro-grid networks for large-scale renewable integration positively impact the business growth positively impacts grid connected segment.
CFL segment dominated in 2017, grabbing 60% of the market share. However LED segment is expected to surpass the CFL segment to become the leading segment by 2026.
Commercial segment is estimated to lead the global market due to rising initiatives by governments and civic authorities to use solar lighting. Currently, solar street lighting solutions are being used on streets, roadways, and various other commercial establishments. Solar lighting in areas such as parking lots, pathways, subways, perimeter security lighting, and public area lighting have also augmented the growth of this segment.
Asia Pacific leaded the market in 2017. Asia Pacific was the largest market for solar street lighting globally, accounting for approximately 46 %. Europe was the third-largest market for solar street lighting, in terms of market share in 2017. Germany and U.K were the leading countries with highest revenue realization from solar street lighting in 2015. This growth is as a result of numerous initiatives such as subsidies, campaigns, and different programs introduced by the World Bank and International Finance Corporation to promote solar street lighting products.
Key players included in solar street lighting market Bridgelux, Cree, GE Lighting, Acuity Brands, Inc., Digital Lumens, Inc., Encelium Technologies, Inc., Honeywell International, Legrand S.A., Lutron Elecronics, Co., Osram Licht AG, Royal Philips Electronics N.V., Streetlight.Vision, Cooper Lighting division, Siemens, Matsushita Electric Industrial Co., Bajaj Electricals and Zumtobel AG., Philips Lighting holding B.V, Omega Solar, Bridgelux, inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna Design, Urja Global Ltd, Very Sol Gmbh
The objective of the report is to present comprehensive analysis of Global Solar Street Lighting market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Solar Street Lighting market dynamics, structure by analyzing the market segments, and project the Global Solar Street Lighting market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Solar Street Lighting market make the report investor’s guide.
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Global Solar Street Lighting Market, by Lighting Source
• Light Emitting Diode (LED)
• Compact Fluorescent Lamps (CFL)
Global Solar Street Lighting Market, by Product Type:
• Standalone
• Grid Connected
Global Solar Street Lighting Market, by Application:
• Industrial
• Residential
• Commercial
Key Player analysed in Global Solar Street Lighting Market:
• Bridgelux
• Cree
• GE Lighting
• Acuity Brands, Inc.
• Digital Lumens, Inc.
• Encelium Technologies, Inc.
• Honeywell International
• Legrand S.A.
• Lutron Elecronics, Co.
• Osram Licht AG
• Royal Philips Electronics N.V.
• Streetlight.Vision
• Cooper Lighting division
• Siemens
• Matsushita Electric Industrial Co.
• Bajaj Electricals
• Zumtobel AG.
• Philips Lighting holding B.V
• Omega Solar
• Bridgelux, inc.
• Dragons Breath Solar
• SOKOYO Solar Group
• Solektra International
• Sunna Design
• Urja Global Ltd
• Very Sol Gmbh
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