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Solar Street Lighting Market: Europe and North America Keenly Focusing on Maximum Utilization of Solar Energy

Zion Market Research, the market research group announced the analysis report titled "Solar Street Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"


Sarasota, FL -- (SBWIRE) -- 03/14/2018 -- Solar Street Lighting Market: Overview

One type of lighting mechanism that excludes the regular power supply of electricity and functions completely on the solar energy is termed as solar lighting systems. Thus, its application can be broadly classified, one of the top and highest demand applications is solar street lighting. The internal structure of the solar- based street lighting system comprised of PV (photovoltaic) modules for battery charging, light emitting diodes (LED), light source, and re-chargeable lead acid battery for storage and other electronics hardware needed to complete the circuit. The operation of these solar street lights can be automatic with the integration of high standard sensors, which from dusk to dawn remains in operating mode or else by simply setting up and adjusting the timer.

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Solar Street Lighting Market: Segmentation

The global solar street lighting market can be basically segmented based on lighting source, type, and application. Starting with lighting source, the solar street lighting market is bifurcated as Light Emitting Diode (LED) and Compact Fluorescent Lamps (CFL). On the basis of the type, the global solar street lighting market is bifurcated as standalone and grid connected. Further, the global market is diversified in various types of end user application segments such as Industrial, Residential, and commercial.

Solar Street Lighting Market: Growth Factors

Government readily following plan to utilize alternate source to power systems and reduce the depletion of fossil fuels which are used to make electricity is the key factor responsible for the growth of solar street lighting market. Growing infrastructural projects has created bulk demand for solar lighting, which can be assembled on the pathways, parking lots, perimeter security lighting, and many others. Solar based street lighting has turned out to be favorable solution owing to shifting of public lighting power source to nonconventional source, resulting cost reduction in terms electricity consumption.

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Solar Street Lighting Market: Regional Analysis

Regionally, Asia Pacific region is presently offering great opportunities for the market players, several governments are on the run towards the target of employing green solutions and eradicate the emissions level step by step. Other regions such as the Middle East and Africa are also showing aggressive inclination over the solar power sources. This rise in inclination is expected to boost the overall growth of the solar street lighting market. Efforts of developed nations such as Europe and North America are also keenly focusing on maximum utilization of solar energy, which on the positive note bolstering the growth of the global solar street lighting market.

Solar Street Lighting Market: Competitive Players

Market players such as Philips Lighting Holding B.V, Dragons Breath Solar, SOKOYO Solar Group, Sol Inc, Bridgelux Inc are some of the leading names in the global solar street lighting market. Some of the other companies include Omega Solar, Solektra International, MarSunna Design, Yingli Solar, Leadsun VerySol GmbH, Urja Global Ltd, and Solar Street Lights USA.

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