Press release
Why the Solar Street Lighting Market is set to explode? Top Companies: Philips Lighting Holding B.V, SOKOYO Solar Group, Su-Kam, Dragons Breath Solar, VerySol Inc., Sunna Design, Urja Global Ltd., Bridgelux Inc., Solar Street Lights USA, Sol Inc, Omega So
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/solar-street-lighting-market-100585
Some of the major companies that are present in the global solar street lighting market are
• Philips Lighting Holding B.V
• SOKOYO Solar Group
• Su-Kam
• Dragons Breath Solar
• VerySol Inc.
• Sunna Design
• Urja Global Ltd.
• Bridgelux Inc.
• Solar Street Lights USA
• Sol Inc
• Omega Solar
• Solektra International LLC
• Yingli Solar
• Greenshine New Energy.
Hitechled Launched New Innovative Solar Light
Hitechled, manufacturer of solar-powered lighting products has recently launched Integrated solar led street light for road lighting. The new solar light comprises of integrated solar panel, controller, LED lamp, a battery which comes with easy installation. The solar street lighting market is expected to derive growth from the recent innovation by Hitechled, owing to the new feature of brightness sensor on the lamp including time control and motion sensor. The innovations are likely to encourage key players and the government to invest in launching advanced solar street light in Africa. For instance, Nigerian street light poised to exceed $200 million by 2024 owing to government initiatives and foreign investment towards the development of the renewable energy sector.
Likewise, India is going to invest $7.13 million to install 304,500 solar street light under the second phase of Atal Joyti Yojna. These factors are predicted to strengthen the industry and boost the growth of the solar street light project.
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Government Initiatives to Promote Market Growth
The global solar street lighting market is segmented into LED and CFL on the basis of product type. The propitious aspects of LED solar lighting such as less energy consumption, more reliability, cost-effectiveness, and efficient lighting are facilitating the growth of the global solar street lighting market. The global solar street lighting market on the basis of the connection type is segmented into standalone and grid. Standalone street lighting is mostly used at any location whereas grid lines are not within the reach limit. This factor is supporting the increasing use of standalone systems in remote areas, thus boosting the solar street light industry. The global solar street lighting market on the basis of end-user is segmented into commercial, residential and industrial. Rapidly growing urbanization along with government loans and subsidies is supporting the growth of the global solar lighting market. In addition, increasing demand for energy and shifting preference towards green energy sources is driving the global street light industry. However, the high installation cost of solar panels is one of the factors restraining the growth of the global solar street lighting market.
Key Market Driver – Drift toward renewable sources of energy due to environmental considerations
Key Market Restraint – High initial cost associated with the installation of solar panels
Europe to Contribute Significantly to the Global Market
Geographically, the global solar street lighting market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to witness high growth due to strict carbon emission regulations and government initiatives towards green energy sources which in turn is boosting the market in the region. Europe is predicted to dominate the global solar street lighting market owing to advanced technology and an efficient distribution network. Other countries in Europe such as Italy, the UK, and Spain are also witnessing significant growth. In the Asia Pacific, rapid urbanization, drift towards green energy and government initiatives for solar installations are supporting the growth of solar street lighting market. China and India are the key markets in this region. South Africa has been the most successful country in the production of solar energy in the Middle East region. Thus this factor is expected to support the expansion of the solar light industry in the region.
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Key Segmental Overview:
1. By Product Type
• CFL
• LED
2. By Connection Type
• Standalone
• Grid Connected
3. By End-User
• Commercial
• Residential
• Industrial
4. By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Argentina, Venezuela, Chile and Rest of Latin America)
• Middle East & Africa (South Africa, GCC, Nigeria and Rest of Middle East & Africa)
Major Table of Content For Solar Street Lighting Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Solar Street Lighting Market Analysis, Insights and Forecast, 2026
6. North America Solar Street Lighting Market Analysis, Insights and Forecast, 2026
7. Europe Solar Street Lighting Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Solar Street Lighting Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Solar Street Lighting Market Analysis, Insights and Forecast, 2026
10. Latin America Solar Street Lighting Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/solar-street-lighting-market-100585
Key Industry Developments
• In Apr 2026, Hitechled launched new type of all in one integrated solar street light with innovation draw design which holds LED lamp, solar panel, lithium battery and controller.
• In Dec 2018, India is going to invest $7.13 million to install 304,500 solar street light under second phase of Atal Joyti Yojna.
• In Dec 2018, Nigerian street light poised to exceed $200 million by 2024 owing to government initiatives and foreign investment towards the development of renewable energy sector.
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