Los Angeles, CA -- (SBWire) -- 02/01/2019 --Solar street lights are raised light sources which are powered by photovoltaic panels generally mounted on the lighting structure or integrated in the pole itself. The photovoltaic panels charge a rechargeable battery, which powers a fluorescent or LED lamp during the night.
Asia Pacific was the largest revenue market with a market share of 35.56% in 2012 and 38.93% in 2017 with an increase of 3.37%. Middle East and Africa ranked the second market with the market share of 27.51% in 2016. Also, the Asia Pacific market for Solar Street Lights is expected to be the market with the most promising growth rate. Rising per capita income of people in emerging economies such as China, India, Philippines, Thailand, and Vietnam has led to an increase in demand.
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Solar Street Lights companies are mainly from Europe and United States, the industry concentrate rate is low. The top three companies are Philips, Tata Power Solar Systems, Jiawei, with the revenue market share of 6.31%, 3.04%, and 2.22% in 2016.
The growth of the Solar Street Lights market is largely driven by downstream applications. What is more, governments of numerous countries are encouraging the adoption of solar street lighting as they are eco-friendly and cost-efficient. Advanced solar street lighting systems save significant energy.
Although sales of Solar Street Lights brought some opportunities, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the Solar Street Lights field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.
The global Solar Street Lights market is valued at 2950 million US$ in 2018 is expected to reach 10400 million US$ by the end of 2025, growing at a CAGR of 17.0% during 2019-2025.
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This report focuses on Solar Street Lights volume and value at global level, regional level and company level. From a global perspective, this report represents overall Solar Street Lights market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered: Philips, Tata Power Solar Systems, Bisol, Leadsun, Su-Kam Power Systems, Urja Global, Solar Electric Power Company (SEPCO), Jiawei, Yingli Solar, King-sun, BYD, Shenzhen Spark Optoelectronics S&T,
Solar Street Lights market includes market size, segmentation data and geographical analysis of market growth trends, leading companies and microeconomic information.
Solar Street Lights Market Segmentation by Types: Standalone, Grid Connected,
Solar Street Lights Market Segmentation by Applications: Residential, Municipal Infrastructure, Others,
Regions Covered in the Global Solar Street Lights Market:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report provides an in-depth analysis of the following –
Detailed Overview of Global Solar Street Lights market helps deliver clients and businesses making strategies.
It covers Solar Street Lights industry outlines, upstream and downstream Solar Street Lights market segments, cost analysis, and market utilizing power, market overview, product scope, product definition of Solar Street Lights market driving forces.
To provide detailed analysis, Market size and drivers during 2019 to 2025 including various segments and sub-segments of the Global Solar Street Lights Market
Analysis of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
The analysis of the competitive landscape of the global Solar Street Lights market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
To provides Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders and Market Effect Factors Analysis of Solar Street Lights market
The Solar Street Lights market report covers Volume, Revenue and Price Forecast 2019 to 2025
Global Solar Street Lights Market Is Expected to Grow at a CAGR of 17.0% by 2019 to 2025
QY Research has come up with a newly published report on global Solar Street Lights market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, Solar Street Lights market segmentation and forecasting. The report highlights the market size and CAGR of the important segments, thus providing a quick relevant information of the global Solar Street Lights market.