Solar Street Lighting Market value Share,Supply Demand and forecast 2023

Posted by Sneha Patil on November 16th, 2020

Market Highlights:

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.

The surging urbanization in developing countries has been leading to the rise in demand for energy, and governments of various countries are supporting eco-friendly methods of producing energy. This is driving the demand for solar street lights, globally. The technology in solar street lights are continuously improving over the years, and are expected to make further advancements with supportive government regulations and product innovation.

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. The fastest growth of Middle East & Africa can be attributed to increasing government support, constantly increasing energy costs, rise in demand of electricity, and surging demand for renewable lighting sources. The increasing awareness about the benefits associated with the use of solar street lighting over traditional lighting sources, adds to the growth.

Taste the market data and market information presented through more than 30 market data tables and 25 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Solar Street Lightings Report -Forecast to 2023”.

Competitive Analysis

The prominent players in the Solar Street Lightings 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).

Segmental Analysis

By Source

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

By Type 

  • Standalone
  • Grid Connected

By Application

  • Industrial
  • Residential
  • Commercial

By Regional 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regional Analysis

Development is occurring more rapidly in the US and Europe. However, some suppliers also market solar powered LED lighting products to 3rd World countries or developing countries such as India and in the Middle East. Geographically, the global solar street lighting market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Region-wise, the global solar street lighting market was dominated by Asia Pacific. The extensive progress of the Asia Pacific market can primarily be attributed to the proliferating urbanization in countries such as India and China. The growing GDP of dynamic economies in the region, and the increasing high-end technologies from developed regions, are also leading to its progress. Areas with a lack of public infrastructure use a correspondingly larger number of solar products.

Table of Content: 

Chapter 1- Solar Street Lighting Market Overview

Chapter 2-Global  Solar Street Lighting Competition by Players/Suppliers, Type and Application

Chapter 3-United States  Solar Street Lighting (Volume, Value and Sales Price)

Chapter 4-China  Solar Street Lighting (Volume, Value and Sales Price)

Chapter 5-Europe  Solar Street Lighting (Volume, Value and Sales Price)

Chapter 6-Japan  Solar Street Lighting (Volume, Value and Sales Price)

Chapter 7-Southeast Asia  Solar Street Lighting (Volume, Value and Sales Price)

Chapter 8-India  Solar Street Lighting (Volume, Value and Sales Price)

Chapter 9-Global  Solar Street Lighting Players/Suppliers Profiles and Sales Data

Chapter 10- Solar Street Lighting Manufacturing Cost Analysis

Chapter 11-Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 12-Marketing Strategy Analysis, Distributors/Traders

Chapter 13-Market Effect Factors Analysis

Chapter 14-Global  Solar Street Lighting Market Forecast (2019-2023)

Chapter 15-Research Findings and Conclusion

Chapter 16-Appendix

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Sneha Patil

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Sneha Patil
Joined: June 18th, 2020
Articles Posted: 18

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