Solar Street Lighting 2018 Market Growth by Top Manufacturers and Trends | VerySol Inc. , Solar Street Lights USA , Dragons Breath Solar , Solektra International LLC , Bridgelux Inc.

Solar Street Lighting Market Highlights:-

The primary driver of the global solar street lighting market is the rising assertion of the adverse effects of the traditional forms of energy attained from the conventional fuel types and degrading levels of fossil fuels in natural reservoirs across the globe. As a result of this, governments across the world are supporting and promoting the development and use of electricity through sustainable sources of energy. In areas where grid electricity cannot be provided, off-grid energy has played significant role, thus pushing solar street lighting market towards growth.

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Leading players in the global market for solar street lighting are focusing on expanding their production units across several regions over the coming years to gain a competitive edge over other players. As many developed economies have already witnessed a significant deployment of solar lighting and reached a notable place in the global market, emerging economies such as Asia Pacific is expected to present lucrative growth opportunities to manufacturers with the demand for solar street lighting gaining momentum.

Industry Top Key Players:-
• VerySol Inc.
• Solar Street Lights USA
• Dragons Breath Solar
• Urja Global Ltd.
• Solektra International LLC
• Bridgelux Inc.
• SOKOYO Solar Group
• Sunna Design
• Sol Inc.
• Philips Lighting Holding B.V.
• Omega Solar

Segmental Analysis:-

The market is segmented on the basis of type, application, product type and regions. On the basis of Type, the market is segmented into On-Grid and Standalone. On the basis of Product Type, the market segmentation consists of Light Emitting Diode (LED) and Compact Fluorescent Lamps (CFL). By Application, the market is segmented into Commercial, Residential and Industrial. On the basis of Regions, the market is segmented into APAC, Europe, North America and the rest of the world.

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Regional Analysis:-

Development is occurring more rapidly in the US and Europe. However, some suppliers also market solar powered LED lighting products to 3rd World countries or developing countries such as India and in the Middle East. Geographically, the global solar street lighting market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Region-wise, the global solar street lighting market was dominated by Asia Pacific. The extensive progress of the Asia Pacific market can primarily be attributed to the proliferating urbanization in countries such as India and China. The growing GDP of dynamic economies in the region, and the increasing high-end technologies from developed regions, are also leading to its progress. Areas with a lack of public infrastructure use a correspondingly larger number of solar products.

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