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Solar Street Lighting Market Comprehensive Growth Analysis Of Leadsun, Jinhua SunMaster, Urja, Sol, Philips, SOKOYO, Bridgelux, Bisol, Greenshine, Zhuhai Bomin, Su-Kam, Exide, Omega, Anhui Longvolt, Covimed, Solux, Dragons Breath

12-05-2018 06:17 PM CET | Energy & Environment

Press release from: marketstudyreport.com

Solar Street Lighting Market Comprehensive Growth Analysis

MarketStudyReport.com Adds New Solar Street Lighting Market 2018 – 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.

Increasing demand for clean electricity across developing countries along with growing Purchasing Power Parity will stimulate the solar street lighting Market. Lack of grid connectivity, increasing demand for grid electricity and growing energy demand will further complement the solar street lighting market.

Major players across the solar street lighting market include Solar Lighting International, Leadsun, Jinhua SunMaster, Urja, Sol, Philips, SOKOYO, Bridgelux, Bisol, Greenshine, Zhuhai Bomin, Su-Kam, Exide, Omega, Anhui Longvolt, Covimed, Solux, Dragons Breath, Shenzhen Spark Optoelectronics, Sunna, Orion, SEPCO, Solar G and Solar Street Lights USA.

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Solar Street Lighting Market is expected to surpass USD 5 billion by 2024. Government norms to reduce the greenhouse gas emissions across the key economic sectors will drive industry growth. Favorable measures toward development of sustainable technologies along with minimal environmental impact will further enhance the product penetration. In 2016, United Nations Framework Convention on Climate Change (UNFCCC) signed Paris Climate agreement to reduce GHG emissions.

Technological innovation in solar panel and battery design to reduce the product cost will propel the solar street lighting Market. Growing economies of scale, increasing demand for clean electricity and introduction of government subsidies are some of predominant features which will boost product demand. For instance, in 2017, the prices of solar PV module decreased by more than 80% from 2010.

U.S. market is anticipated to grow over 11% by 2024. Growing demand for optimized energy management coupled with rising solar energy installations will boost the industry growth. According to the U.S. Department of Energy, solar jobs have escalated by 123% in North America, since November 2010.


China market was valued over USD 400 million in 2017. Appreciable growth in distributed solar projects along with government initiatives to promote sustainable energy resources will give positive thrust to the market growth in the country. Expansion of manufacturing facilities and declining product costs will further complement the business growth.

Germany street lighting market is set to witness strong growth owing to integration of extensive distribution networks, regional expansion, development of new applications, and sale of powerful systems with higher cost margins. Significant progress towards renewable integration across the country will further boost the product penetration.

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Long life span, ecological operation, low emission rate and energy efficiency are some of the key factors which will fuel the demand for Light Emitting Diode solar street lighting Market. Favorable measures to eliminate the harmful effects of Mercury coupled with declining product prices will further complement the industry outlook.

Table of Content
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Solar Street Lighting Industry Insights
Chapter 4. Solar Street Lighting Market, By Product
Chapter 5. Solar Street Lighting Market, By Application
Chapter 6. Solar Street Lighting Market, By Region
Chapter 7. Company Profiles

For More Detail on This Report: https://www.marketstudyreport.com/reports/solar-street-lighting-market

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