Hybrid Street Lighting Systems Market – Illuminating Streets Through Nature, These Lights to be the First Choice for Smart Cities: Industry Trends to Keep an Eye On.
The power and energy sector is a key element in the economic development of the country. To generate adequate energy and power, it is essential to maintain and develop the required resources and infrastructure in order to achieve the economic development. The major source of power sector includes natural gas, oil, nuclear power, and coal. The other non-conventional power sources comprise of solar, wind, domestic and agricultural waste.This study researches the market size of Hybrid Street Lighting Systems in United States, European Union and China, presents the Hybrid Street Lighting Systems production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
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For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.
A hybrid street lighting system is a standalone outdoor lighting system used to illuminate an open area or a street. The hybrid street lights are powered by solar and wind energy. The hybrid street lighting system typically consists of a compact fluorescent lamp (CFL) or light-emitting diode (LED) fixed inside as a luminaire, which is mounted on a pole.
The rise in government support is one of the primary drivers for market growth. The increased collaboration between the local governments, international organizations, and regional non-governmental organizations (NGOs) are also expected to contribute to the growth of the hybrid street lighting market. The rise in support has been observed due to the technology improvements offering better living conditions for citizens, and many schemes have been put in place across Asia and Africa for the development of the market. Moreover, these schemes, announced by the governments provide subsidies and discounts to the projects focussed on growth and application of the solar lighting schemes, and it also guarantees no cutting down of profit margins for the vendors. Thus, the growth of the market in developing countries propels the hybrid street lighting systems market in the future.
The rising urbanization has been one of the latest trends that gain traction in the market. The mounting urbanization leads to governments increasing their services and facilities such as drinking water facility, street lighting, and waste management. In addition, the expansion of street light services will rise the power consumption and spending for the municipalities. However, adoption of off-grid technologies such as the hybrid street lighting systems in municipalities is also foreseen to propel the requirement for off-grid power systems, particularly in the emerging countries of Africa and Asia.
In 2018, the market size of Hybrid Street Lighting Systems is xx million US$ and it will reach xx million US in 2025, growing at a CAGR of xx% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.
In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Hybrid Street Lighting Systems.
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In United States, European Union and China market, the following companies are covered:
Eolgreen
Guangzhou HY Energy Technology
Phono Solar
Shanghai Ghrepower Green Energy
UGE
...
Market Segment by Product Type
Solar Energy Hybrid
Wind Energy Hybrid
Both Wind and Solar Energy Hybrid
Others
Market Segment by Application
Infrastructure
Shopping Plaza
Industrial Area
Public Road
Others
Key Regions split in this report:
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
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The study objectives are:
To analyze and research the Hybrid Street Lighting Systems status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Hybrid Street Lighting Systems manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Hybrid Street Lighting Systems are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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