Global Solar Street Lighting Market 2018 – Huge Market Growth Till 2025: Omega Solar, VerySol GmbH, Dragons Breath Solar, Solar Street Lights USA, Philips Lighting Holding B.V., Solektra International, etc.

Global Solar Street Lighting Market Analysis by type (standalone and on grid), by applications (residential, commercial and industrial) and by light source (compact fluorescent lamps (CFL) and light emitting diodes (LED’s)) and Forecast 2018-2025
Market Scenario:
The growing demand for clean energy source has resulted in the increased adoption of solar based technology, thereby reducing the adverse impact on environment. Solar Street lights (SSL) are the light source which is powered by photovoltaic panels. These panels are adopted to charge a battery which is the power source for fluorescent or LED lamp in the night. This street lighting consists of 5 major components: solar panel, lighting fixture, rechargeable batteries, and pole and battery foundation. Solar panel acts as energy harvester, which converts the incoming sunlight into electricity. LED’s are adopted as lighting fixture owing to its low energy consumption than the high pressure sodium fixture. The rechargeable batteries store the electricity from the solar panels and utilize it during night. Strong poles form an important component to accommodate these electronic assemblies.

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Declining cost of solar components coupled with various initiatives and projects adopted by the government to reduce the carbon emission and make city smarter are major factor driving the market growth. Growing urbanization and technological advancement in the technology also upheld the growth of SSL market. However, higher cost of energy storage devices and reduced efficiency due to weather dependence may result in hampering the market growth.
Market Segmentation:
The flexible solar panel market is majorly segmented on the basis of type, applications and lighting source. Based on type, market is bifurcated into: standalone and on grid. On the basis of applications market is segmented into: residential, commercial and industrial. The light source covers compact fluorescent lamps (CFL) and light emitting diodes (LED’s).
Regional Analysis:
The regional analysis of global solar street lighting market covers: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Advancement in technology with favourable government initiatives and projects are the major factors influencing the growth in Asia Pacific, while early adoption of solar lighting forms the growth factor in North American region. Increased solar power generation in Germany, Italy and UK contributes in the growth of European region.
Key Players:
The key players operating in the marker are: Omega Solar, VerySol GmbH, Dragons Breath Solar, Solar Street Lights USA, Philips Lighting Holding B.V., Solektra International, Bridgelux, Inc., Sol, Inc., Urja Global Ltd., SOKOYO Solar Group, and Sunna Design.
Global Solar Street Lighting Market Segmentation:
By Type:
• Standalone
• On-grid

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By Light Source:
• Compact fluorescent lamps (CFL)
• Light emitting diodes (LED’s)
By Applications:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America (U.S and Canada and rest of North America)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)

Last, It offers in-depth information obtained through extensive primary and secondary research methods. The information has been further assessed using various effective analytical tools.

 

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