Solar Street Lighting Market to Register Phenomenal Growth. Reliability and Quality Lighting to Impact Solar Street Lighting Market. The global solar street lighting market is poised to have a healthy growth at a whopping 21.02% CAGR over the assessment period (2019-2023). Solar streetlights are basically raised light sources that are powered through solar panels usually integrated in a pole or mounted on a lighting structure. It utilizes photovoltaic technology for converting sunlight to DC electricity with the help of solar cells. This electricity that is generated can be directly used during daytime or can be stored in a battery for usage during night hours.
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Leading players profiled in the solar street lighting market include Omega Solar (India), Sol Inc. (U.S.), Urja Global Ltd. (India), Sunna Design (France), Bridgelux Inc. (U.S.), SOKOYO Solar Group (China), Solektra International LLC (U.S.), Philips Lighting Holding B.V. (the Netherlands), Dragons Breath Solar (U.K.), VerySol Inc. (U.S.), and Solar Street Lights USA (U.S.).
Some of the key advantages of using solar street lighting include it is eco-friendly, simple to operate, low maintenance cost, easy to install, less dependence on national grid and conservation of energy. With rising oil prices, damage to the ecosystem and environment and global warming, an alternative source such as solar energy with low emission and high efficiency is of utmost significance.
There are abundant factors that is propelling the growth of the solar street lighting market. These factors as stated by the Market Research Future (MRFR) report include increasing need for sustainable energy, increasing potential of solar technology, reducing component cost, improving economies of scale, growing manufacturing facilities, advancement in technology with regards to product design, declining battery costs, government subsidies and increasing need for clean electricity. The additional factors that are propelling the growth of the market include growing demand for electricity in developing nations, increasing PPP (Purchasing Power Parity), lack of grid connectivity especially in remote areas, easy setup, low maintenance cost during operation, trend of smart cities, reliability and quality lighting. On the contrary, absence of LED standardization, low availability and stiff competition of penetration of counterfeit lighting products are factors that may hinder the growth of the solar street lighting market over the assessment period.
Market Segmentation:
MRFR report provides an extensive segmental analysis of the solar street lighting market on the basis of product type, application and type.
Based on type, it is segmented into standalone and on-grid. Of these, standalone solar street lighting will have the largest share in the market over the assessment period.
Based on product type, the solar street lighting market is segmented into compact fluorescent lamps (CFL) and light emitting diode (LED). Among these, CFL will dominate the market over the assessment period.
Based on application, it is segmented into industrial, residential and commercial. Of these, the residential segment will lead the market over the assessment period.
Regional Analysis:
By region, the solar street lighting market covers growth opportunities and latest trends across Middle East and Africa, Asia Pacific, North America, and Europe. Of these, Asia Pacific will rule the market over the assessment period. This is owing to the rising urbanization in China and India. The increasing GDP especially of the region’s dynamic economies along with the growing development in high-end technologies in advanced regions are again adding to the market growth. Areas with no public infrastructure have burgeoning demand for solar products.
Competitive Analysis:
The solar street lighting market is highly competitive and fragmented due to the presence of various key players. Brand reinforcement, mergers and acquisitions and innovation are the key trends for these players.
May 2019- Chernivtsi is all set to modernize their street lighting, as a part of the program “Covenant of Mayors- Demonstration Projects” that is supported by EU. About 4170 streetlamps are likely to be replaced with alternatives that are energy efficient, as per the plan. This will aid the city in becoming highly energy efficient thereby reducing CO2 emissions and also saving a good amount on electricity bills.
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
5 Global Solar Street Lighting Market By Type
5.1 Introduction
5.2 Standalone
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 On Grid
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Solar Street Lighting Market, By Product Type
6.1 Introduction
6.2 Compact Fluorescent Lamps (CFL)
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Light Emitting Diode (LED)
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
7 Global Solar Street Lighting Market, By Application
7.1 Introduction
7.2 Residential
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Commercial
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
7.4 Industrial
7.4.1 Market Estimates & Forecast, 2017-2023
7.4.2 Market Estimates & Forecast By Region, 2017-2023
8 Global Solar Street Lighting Market, By Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2017-2023
8.2.2 Market Estimates & Forecast By Type,2017-2023
8.2.3 Market Estimates & Forecast By Product Type,2017-2023
8.2.4 Market Estimates & Forecast By Application,2017-2023
8.2.5 The U.S
8.2.5.1 Market Estimates & Forecast, 2017-2023
8.2.5.2 Market Estimates & Forecast By Type,2017-2023
8.2.5.3 Market Estimates & Forecast By Product Type,2017-2023
8.2.5.4 Market Estimates & Forecast By Application,2017-2023
8.2.6 Canada
8.2.6.1 Market Estimates & Forecast, 2017-2023
8.2.6.2 Market Estimates & Forecast By Type,2017-2023
8.2.6.3 Market Estimates & Forecast By Product Type,2017-2023
8.2.6.4 Market Estimates & Forecast By Application,2017-2023
8.3 Europe
8.3.1 Market Estimates & Forecast, 2017-2023
8.3.2 Market Estimates & Forecast By Type,2017-2023
8.3.3 Market Estimates & Forecast By Product Type,2017-2023
8.3.4 Market Estimates & Forecast By Application,2017-2023
8.3.5 U.K
8.3.5.1 Market Estimates & Forecast, 2017-2023
8.3.5.2 Market Estimates & Forecast By Type,2017-2023
8.3.5.3 Market Estimates & Forecast By Product Type,2017-2023
8.3.5.4 Market Estimates & Forecast By Application,2017-2023
8.3.6 Germany
8.3.6.1 Market Estimates & Forecast, 2017-2023
8.3.6.2 Market Estimates & Forecast By Type,2017-2023
8.3.6.3 Market Estimates & Forecast By Product Type,2017-2023
8.3.6.4 Market Estimates & Forecast By Application, 2017-2023
8.3.7 France
8.3.7.1 Market Estimates & Forecast, 2017-2023
8.3.7.2 Market Estimates & Forecast By Type, 2017-2023
8.3.7.3 Market Estimates & Forecast By Product Type, 2017-2023
8.3.7.4 Market Estimates & Forecast By Application, 2017-2023
8.3.8 Italy
8.3.8.1 Market Estimates & Forecast, 2017-2023
8.3.8.2 Market Estimates & Forecast By Type, 2017-2023
8.3.8.3 Market Estimates & Forecast By Product Type, 2017-2023
8.3.8.4 Market Estimates & Forecast By Application, 2017-2023
8.3.9 Rest Of Europe
8.3.9.1 Market Estimates & Forecast, 2017-2023
8.3.9.2 Market Estimates & Forecast By Type, 2017-2023
8.3.9.3 Market Estimates & Forecast By Product Type, 2017-2023
8.3.9.4 Market Estimates & Forecast By Application, 2017-2023
8.4 Asia Pacific
8.4.1 Market Estimates & Forecast, 2017-2023
8.4.2 Market Estimates & Forecast By Type, 2017-2023
8.4.3 Market Estimates & Forecast By Product Type, 2017-2023
8.4.4 Market Estimates & Forecast By Application, 2017-2023
8.4.5 China
8.4.5.1 Market Estimates & Forecast, 2017-2023
8.4.5.2 Market Estimates & Forecast By Type, 2017-2023
8.4.5.3 Market Estimates & Forecast By Product Type, 2017-2023
8.4.5.4 Market Estimates & Forecast By Application, 2017-2023
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2017-2023
8.4.6.2 Market Estimates & Forecast By Type, 2017-2023
8.4.6.3 Market Estimates & Forecast By Product Type, 2017-2023
8.4.6.4 Market Estimates & Forecast By Application, 2017-2023
8.4.7 India
8.4.7.1 Market Estimates & Forecast, 2017-2023
8.4.7.2 Market Estimates & Forecast By Type, 2017-2023
8.4.7.3 Market Estimates & Forecast By Product Type, 2017-2023
8.4.7.4 Market Estimates & Forecast By Application, 2017-2023
8.4.8 Rest Of Asia Pacific
8.4.8.1 Market Estimates & Forecast, 2017-2023
8.4.8.2 Market Estimates & Forecast By Type, 2017-2023
8.4.8.3 Market Estimates & Forecast By Product Type, 2017-2023
8.4.8.4 Market Estimates & Forecast by Application, 2017-2023
8.5 Rest of The World
8.5.1 Market Estimates & Forecast, 2017-2023
8.5.2 Market Estimates & Forecast by Type, 2017-2023
8.5.3 Market Estimates & Forecast by Product Type, 2017-2023
8.5.4 Market Estimates & Forecast by Application, 2017-2023
9 Competitive Landscape
Continued…
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