Solar Street Lighting Market Current Trends 2023, Gross Margin, Regions, Demands, Industry Size, Key Players Y-o-Y Growth Analysis and Forecast 2030

The Global Solar Street Lighting Market is estimated to be worth USD 3972 Million by 2030, registering a 14.12% CAGR during the forecast period (2022- 2030).

Solar Street Lighting Market Research Outlook

Solar Street Lighting is the most necessary facility for both urban and rural areas. As proper lighting in the streets can potentially reduce and prevent road accidents and is helpful for pedestrians and drivers in many other ways. Conventional streetlights run on electricity that is mainly dependent on fossil fuels. Solar energy reduces power consumption while supplying quality lighting. As the cognizance concerning the benefits of solar energy is growing, several nations have installed solar lights in residences, gardens, public places, and parks. Now a day, solar streetlights have become the lighting source getting mostly used for outdoor lighting. Solar energy is the solar streetlights’ main energy source. Photovoltaic panels, which are placed on the integrated poles, power the streetlights. Since the demand for uninterrupted power and lighting has been boosted in urban and rural areas, the prospect of the solar street lighting market has massively expanded. In extension, smart street lighting systems can transmit information to a centralized management system that monitors several parameters like voltage, light, current, temperature, etc. This kind of two-way communication enables continuous monitoring of the streetlights. Another significant advantage of smart street lighting systems is that they are environmentally friendly and curb the emission of greenhouse gases.

Market Key Driving Factors

• Reducing the environment pollution
• Sustainability of solar radiant energy
• Clean and renewable energy
• Easy setup
• Low cost of maintenance during its operation

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Solar Street lighting proffers flexibility in adjusting the lighting schedule according to the need for lighting, and pedestrian frequency rise and drop. This is accounted as the key market driver in major developing nations. The development of infrastructure like paving new roads and streets in several developing countries is esteemed as an opportunity for the Solar Street Lighting Industry. Similarly, it has been observed that there is a huge decline in the prices of Solar Street Lights, over 50% reduction in price has been attributed to the hasty rise in demand for the Solar Street Lighting Industry.

Report Scope

Regional Analysis

The global Solar Street Lighting Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Europe vanquishes the global solar street lighting market. The largest market share attributes to the rapidly growing adoption of solar-powered lighting systems for streetlights. North America holds the second position in the global solar street lighting market. The augmenting demand for environmentally friendly and renewable energy sources for street lighting systems pushes the market.

The Asia Pacific solar street lighting market has arisen as a profitable market. The enhancing uptake of solar street lights and government initiatives to ameliorate infrastructure boost the regional market growth.

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Market Segmentation

The global Solar Street Lighting Market is segmented into the following types;

Based on type:

• Portable
• Standalone
• Centralized

By component:

• Controller
• Lamp
• Compact fluorescent light
• Sodium vapor
• Lead-acid
• Lithium-Ion
• Battery

By application:

• Parking Lot
• Highway & Roadway
• Airport Runway
• Manufacturing Site
• Airport Runway          

Key Players

The global Portable Solar Street Lighting Market’s prominent key players are VerySol Inc. (U.S.), Solar Street Lights USA (U.S.), Dragons Breath Solar (U.K.), Urja Global Ltd. (India), Solektra International LLC (U.S.), Bridgelux Inc. (U.S.), SOKOYO Solar Group (China), Sunna Design (France), Sol Inc.(U.S.), Philips Lighting Holding B.V.( the Netherlands) and Omega Solar (India).

Sample TOC

…

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Solar Street Lighting Market By Type

5.1 Introduction

5.2 Standalone

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast By Region, 2020-2027

5.3 On Grid

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast By Region, 2020-2027

6 Global Solar Street Lighting Market, By Product Type

6.1 Introduction

6.2 Compact Fluorescent Lamps (CFL)

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast By Region, 2020-2027

6.3 Light Emitting Diode (LED)

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast By Region, 2020-2027

7 Global Solar Street Lighting Market, By Application

7.1 Introduction

7.2 Residential

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast By Region, 2020-2027

7.3 Commercial

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast By Region, 2020-2027

7.4 Industrial

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast By Region, 2020-2027

8 Global Solar Street Lighting Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast By Type , 2020-2027

8.2.3 Market Estimates & Forecast By Product Type , 2020-2027

8.2.4 Market Estimates & Forecast By Application , 2020-2027

..Continued.

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