Global Solar Energy Street Lamp Market, By Type (On Grid and Comprises Standalone), By Product (Ligh

Published Date: | Report Code : EP1935424

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Market Dynamics

Solar Energy Street Lamp Market growth is expected to gain high momentum during the forecast period due to increasing government initiatives to introduce several schemes offering subsidies for the implementation of solar lighting systems. The global solar energy street lamp market is expected to grow during the forecast period due to the development of smart cities globally. Solar energy street lamp or systems is an ideal lighting solution for lighting up roadways, streets, car parking, yards, airports, parks, civilian and military security installation, and all the outdoor space. The solar panel receives sunlight and energy and converts it into electricity. The light automatically turns on with nightfall and is customized to the desired wattage and brightness. However, proper installation is crucial to ensure maximum efficiency. They need to be installed in a shadow-free sunlit area to ensure maximum results. 

The rising demand for cellular-connected lights is the key factor in the solar street lighting market. Governments in several developing countries are adopting cellular-connected solar-powered street lights, as these can be easily monitored and also these are cost-effective. Being connected to a mobile network, solar street lights can be controlled by remote from the Internet of Things (IoT)-enabled devices. Favorable government support in the adoption of renewable energy sources and strict regulations regarding carbon emissions are driving the solar street lighting market across the globe.

Key Factors Impacting Market Growth:

  • Increasing government initiatives to introduce several schemes offering subsidies for the implementation of solar lighting systems
  • Rising infrastructural projects has created demand for solar lighting systems
  • Increasing demand for solar technologies and continuous power supply

Regional Outlook:

The regional outlook for solar energy street lamp market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for solar energy street lamp market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of solar energy street lamp market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for solar energy street lamp market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Anhui Longvolt, Greenshine New Energy, Bisol, Solar Lighting International, Solar G, Orion, Covimed, Leadsun, Jinhua SunMaster, SEPCO, Shenzhen Spark Optoelectronics, Zhuhai Bomin, Solux, Urja Global, Sol, Exide Industries, Su-Kam, Sunna Design, Philips Lighting, SOKOYO, Dragons Breath, Bridgelux, Omega, and Solar Street Lights USA 

Market Segmentation:

By Type:

  • On Grid
  • Comprises Standalone

By Product:

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

By Application:

  • Commercial
  • Residential
  • Industrial

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Product
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Product
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Product
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Product
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Product
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Product
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global solar energy street lamp market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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