Market Study Report LLC adds Global Solar Street Lighting market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Selbyville, DE -- (SBWIRE) -- 12/12/2018 -- Solar Street Lighting Market is expected to surpass USD 5 billion by 2024. Government norms to reduce the greenhouse gas emissions across the key economic sectors will drive industry growth. Favorable measures toward development of sustainable technologies along with minimal environmental impact will further enhance the product penetration. In 2016, United Nations Framework Convention on Climate Change (UNFCCC) signed Paris Climate agreement to reduce GHG emissions.
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Technological innovation in solar panel and battery design to reduce the product cost will propel the solar street lighting Market. Growing economies of scale, increasing demand for clean electricity and introduction of government subsidies are some of predominant features which will boost product demand. For instance, in 2017, the prices of solar PV module decreased by more than 80% from 2010.
Increasing demand for clean electricity across developing countries along with growing Purchasing Power Parity will stimulate the solar street lighting Market. Lack of grid connectivity, increasing demand for grid electricity and growing energy demand will further complement the solar street lighting market.
Long life span, ecological operation, low emission rate and energy efficiency are some of the key factors which will fuel the demand for Light Emitting Diode solar street lighting Market. Favorable measures to eliminate the harmful effects of Mercury coupled with declining product prices will further complement the industry outlook.
Standalone solar street lighting market is anticipated to witness significant growth owing to growing product penetration across the off-grid areas. Introduction of several government plans to promote the adoption of renewable technologies across the Asia-Pacific and Africa will augment the business growth. Increasing investment toward the electrification of remote and off grid areas will further boost product penetration.
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India solar street lighting market is anticipated to witness growth over 8% by 2024. Favorable measures to promote the adoption of sustainable technologies along with growing spending toward modernization of street lighting infrastructure will propel the industry growth. For instance, in 2016, according to International Energy Agency, around 200 million people have lack of electricity access.
Major players across the solar street lighting market include Solar Lighting International, Leadsun, Jinhua SunMaster, Urja, Sol, Philips, SOKOYO, Bridgelux, Bisol, Greenshine, Zhuhai Bomin, Su-Kam, Exide, Omega, Anhui Longvolt, Covimed, Solux, Dragons Breath, Shenzhen Spark Optoelectronics, Sunna, Orion, SEPCO, Solar G and Solar Street Lights USA.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Solar Street Lighting Industry Insights
Chapter 4. Solar Street Lighting Market, By Product
Chapter 5. Solar Street Lighting Market, By Luminaries
Chapter 6. Solar Street Lighting Market, By Application
Chapter 7. Solar Street Lighting Market, By Region
Chapter 8. Solar Street Lighting Market Company Profiles
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United States Solar Street Lighting Market Report 2018
In this report, the United States Solar Street Lighting market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
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