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Solar Street Lighting Market 2013-2023 Demand and Revenue With Players - Carmanah Technologies Corp., Sunna Design, Su-Kam Power Systems Limited and Urja Global Limited
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Standalone type held larger share of solar street lighting market as compared to the on-grid type. The designers of these lights have been searching for more efficient and heat resistant design solutions for these lights. Rapid transformations taking place in the solar street lighting market have made these lights more user-friendly. Several design modifications have led to improvement in the working of standalone models, consequently making them more popular among buyers.
Asia-Pacific has been the largest solar street lighting market, whereas MEA is expected to witness the fastest growth among all the regions. The fastest growth in MEA market can be attributed to increasing government support, constantly increasing energy costs, rise in demand of electricity, surging demand for renewable lighting sources, and increasing awareness amongst citizens about benefits associated with the use of solar street lighting over traditional lighting sources.
Among the various application areas of solar street lighting market, commercial application has been the largest contributor. In terms of volume sales, the global solar street lighting market will witness fastest growth in residential applications. Some of the other major companies operating in this market includes Koninklijke Philips N.V., Sunna Design, Omega Solar, Su-Kam Power Systems Ltd., Urja Global Ltd and Sokoyo Solar Group.
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Solar Street Lighting Segmentation -
By Lighting Type
• CFL
• LED
By Product Type
• Standalone
• On-grid
By Application
• Residential
• Commercial
• Industrial
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