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Solar Street Lighting Market 2019 Trends, Research, Analysis & Review Forecast 2024

11-19-2019 12:53 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Solar Street Lighting Market 2019 Trends, Research, Analysis &

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.

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Nigeria solar street lighting market is anticipated to reach over USD 200 million by 2024. Introduction of government initiatives toward development of renewable technologies and increasing foreign spending toward development of energy sector will fuel the industry landscape. African Development Bank (AFDB) and World bank are some of the major stakeholders in nation's ongoing economic development.
According to International Monetary Fund, Nigeria has witnessed a positive GDP growth four consecutive quarters due to growth plan introduced by government and economic recovery.
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.

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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.

Standalone solar street lighting market is anticipated to witness significant growth owing to growing product penetration across the off-grid areas. Introduction of several government plans to promote the adoption of renewable technologies across the Asia-Pacific and Africa will augment the business growth. Increasing investment toward the electrification of remote and off grid areas will further boost product penetration.

Partial Table of Contents (ToC) of the report:
Chapter 4 Solar Street Lighting Market, By Product
4.1 Solar street lighting market share by product, 2017 & 2024
4.2 Standalone
4.2.1 Global market estimates and forecast from standalone, 2013 - 2024
4.2.2 Global market volume, by region from standalone, 2013 - 2024
4.2.3 Global market revenue, by region form standalone, 2013 - 2024
4.3 Grid-connected
4.3.1 Global market estimates and forecast from grid-connected, 2013 - 2024
4.3.2 Global market volume, by region from grid-connected, 2013 – 2024
4.3.3 Global market revenue, by region from grid-connected, 2013 - 2024
Chapter 5 Solar Street Lighting Market, By Luminaries
5.1 Solar street lighting market share by luminaries, 2017 & 2024
5.2 LED
5.2.1 Global market estimates and forecast from LED, 2013 - 2024
5.2.2 Global market estimates, by region from LED, 2013 - 2024
5.2.3 Global market estimates, by region from LED, 2013 - 2024
5.3 CFL
5.3.1 Global market estimates and forecast from CFL, 2013 - 2024
5.3.2 Global market estimates, by region from CFL, 2013 – 2024
5.3.3 Global market estimates, by region from CFL, 2013 – 2024

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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.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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