Global Solar Street Lighting Market Showcases Promising Growth during Forecast 2017-2025

In order to study the various trends and patterns prevailing in the overall market for Solar Street Lighting, Market Research Reports Search Engine (MRRSE) has included a new report titled “Solar Street Lighting Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

To Get PDF for more Professional and Technical insights Visit @ https://www.mrrse.com/sample/1757

The global solar street lighting market is transcending as an immensely lucrative sector because of the assistance gained by the market forces from global regulatory bodies and government entities. The expansive opportunities for growth that have surfaced in the market are expected to attract new players into the market. A number of established players are reaping the benefits of an explosive market and expected to continue on their spree of success. The establishments within the solar street lighting industry do not incur heavy infrastructural expenditure which creates room for optimizing the profit margins. The entry of new players and the presence of globally reckoned player is expected to tend the market towards a fragmented scenario. The major market players with a palpable presence across the globe include

Sunna Design, SOKOYO Solar Group, Philips Lighting Holding B.V., Omega Solar, Urja Global ltd., Solektra International, VerySol GmbH, Dragons Breath Solar, Bridgelux Inc., Solar Street Lights USA, and Sol Inc.

MRRSE conducted an adept research to forecast the potential and prospects of the market over the period from 2017 to 2025. The research report states that the market is expected to grow at a CAGR of 23.4% over the forecast period, successively reaching a market value of US$22.30 bn by the end of 2025 as against a value of US$3.47 bn in 2016. Based on application, the commercial is expected to hold 68.2% of the market share by 2025 outdoing the industrial and residential segments. On a geographical footing, Asia Pacific has shown sparks of excellence by registering a total revenue of US$1534.8 mn in 2016 and accounted for a market share of 44.3% the same year. The region is expected to exhibit positive trends within the market over the forecast period.

Focus on Renewable Energy Sources to Bolster Market Growth

The diminishing resources used for the production of power or lighting across various industries have brought solar street lighting market under the spotlight of recognition. Governments across several regions are propagating the use of solar lighting systems which has increased the demand within the market. The government initiatives have led to the installation of these systems across streets, traffic intersections, subways, recreation parks, and other public places. The global uprising towards the usage of renewable sources of energy has powered the solar street lighting market, giving a prominent push to the market. Besides, the renewable energy sources employed in these systems significantly reduce the costs of power generations, thus, addressing the concern regarding high costs of power supply. The industrial uses of these systems have also surfaced in recent times that adds on to the bright prospects of the market. Furthermore, the awakening amongst the people for the use of greener solutions has expanded the reach of these systems to the residential sector as well. The various types of these systems offer ease of operation due to the safety of charging the batteries and their tractable nature.

Based on type, the solar street lighting market has been segmented into standalone and grid. Based on Lighting Source, the solar street lighting market has been segmented into LED and CLF. And based on Application, the solar street lighting market has been segmented into Residential, Commercial, and Industrial. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (Mn Units) and revenue (US$ Bn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for solar street lighting in each type, lighting source and application has been analyzed and forecast for a period of eight years.

Key Players Mentioned in this Report are:

The report also comprises profiles of leading companies in the solar street lighting market. These include Philips Lighting Holding B.V., Omega Solar, Bridgelux, Inc., Dragons Breath Solar, SOKOYO Solar Group, and Solektra International. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

Complete Report with Tables and Figures now available at @ https://www.mrrse.com/enquiry/1757

This report segments the global solar street lighting market as follows:

Solar Street Lighting Market: By Type
Standalone
On Grid

Solar Street Lighting Market: By Application
Residential
Commercial
Industrial

Solar Street Lighting Market: By Lighting Source
Compact Fluorescent Lamps (CFL)
Light Emitting Diode (LED)

Solar street lighting Market – Regional Analysis
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
Rest of Europe
Asia Pacific
China
India
Malaysia
Rest of Asia Pacific

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com

This release was published on openPR.