Solar Street Lighting Market - Current Market Scenarios Prompted Street Light Manufacturers to Look for Alternatives

Outdoor street lighting units used to illuminate a street or open areas via solar energy is termed as solar street light (SSL). Since their primary energy source is solar power, they operate in a stand-alone mode, therefore are not dependent on the general grid for any power requirements, whatsoever.


Albany, NY -- (SBWIRE) -- 06/16/2016 -- This research study analyzes the solar street lighting market in terms of volume (million units) and revenue (US$ Bn). The market has been segmented on the basis of type, application, lighting source and geography. For the research, 2015 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country level from 2015 to 2024. The report provides a broad competitive analysis of companies engaged in the solar street lighting business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the solar street lighting market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of solar street lighting with the help of Porter's Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the solar street lighting market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

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The high-level analysis in the report provides detailed insights into the solar street lighting business globally. There are currently numerous drivers of the market. One of the most prominent drivers is increasing demand for clean and cost-effective energy. Market attractiveness analysis was carried out for the solar street lighting market on the basis of revenue realization and industrial growth. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The solar street lighting market was analyzed across five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. These regions are further segmented by country and type of installed solar street lightings globally. Segmentation on the basis of types (Standalone and on grid), application (residential, commercial and industrial) and lighting source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED), has been provided for each country and region. Regional data has been provided for each sub-segment of the solar street lighting market.

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Some of the key manufacturers of solar street lighting are Philips Lighting Holding B.V., Omega Solar, Bridgelux, Inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna Design, Urja Global Ltd., VerySol GmbH, Solar Street Lights USA and Sol, Inc.

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