Solar Street Lighting Market Analysis Covering Size, Share, Growth, Trends
Photovoltaic panels that are installed on an embedded platform power these lamps. With the increase in supply for ongoing energy in both emerging and advanced areas, the possibility of the market for street lighting is growing. Other elements such as technological developments in street lighting design have resulted in reduced solar lighting parts, making them an appropriate solution to traditional street lighting.
The industry for solar street lighting is increasing with authorities of different areas promoting the construction of renewable street lighting. This aspect, as well as cost efficiency and solar heating devices ' environmentally friendliness, drives the industry. Other variables such as the high maintenance needed for the cost of solar lighting devices, together with the big original capital needed, restrict the general market growth.
It is therefore critical that you have your timescales correct and your forecasting plans ready. This report will ensure that you do. Visiongain's report will ensure that you keep informed and ahead of your competitors. Gain that competitive advantage.
Market Overview and Trends
Growing supply for cellular-connected lamps is the main tendency in the global market for digital street lighting. Governments in several emerging nations are implementing cellular-connected solar-powered street lighting, as they are highly cost-effective and readily monitored. Solar street lights can be remotely controlled from an Internet of Things (IoT)-enabled device when connected to a mobile network.
The falling price of solar lighting solutions is another trend seen in the market for solar street lighting. According to a National Renewable Energy Laboratory report, the cost of using solar photovoltaic (PV) cells for power generation dropped by 60%. The price in 2009 was about $7.06 per watt, falling in 2016 to $2.93 per watt. The price of installing domestic thermal photovoltaic batteries reduced from 6.0 percent to 7.0 percent per year between 1998 and 2013 and 12.0 percent during 2012-2013. Because solar photovoltaic cells are an inextricable component of renewable street lighting, the price of these lamps is anticipated to decrease.
Request To Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10166452
While income loans and other subsidies provided by authorities in different advanced nations, such as the U.S. that backed the sector, may expire in the coming years, it will not have a adverse impact. This is because investors in the market exist in a large number, and the World Bank continues to extend strong support to developing countries, especially developing countries such as Nigeria, which would help in taking the worldwide market forward.
Factors Influencing the Market Growth:
Low Maintenance Cost of Solar Street Lightings Propel the Growth
The increasing supply for clean energy is a significant trigger for the building industry for global solar roads. Easy installation, low maintenance costs and no damaging radiation during lamp manufacturing are some of the more variables that influence the development of the worldwide industry for street lighting panels.
One of the most significant variables supporting the development of the global solar street lighting industry is the significant reduction of pollution through the use of solar energy to generate electricity. In addition, the working of street lighting even when the sun is not available or on a rainy day is another variable fueling the development of the global solar street lighting industry in the 2020 to 2030 forecast period.
Strict carbon emission laws and favourable public aid for renewable energy sources are the main considerations behind the development of the worldwide industry for lcd street lighting. Many countries ' governments, including China, India, and the United States, have stringent regulations and schemes, such as feed-in tariffs and quota-based renewable portfolio standards (RPSs).
Moreover, initiatives are being taken by several nations to promote the use of renewable energy sources such as wind and sunlight. A goal to reduce environmental carbon footprint, which is increasing due to the use of non-renewable energy sources, has been set, thereby making the adherence to the regulations more stringent.
Governments offer economic assistance in the type of grants in various nations to promote the use of solar energy technologies. Numerous World Bank and International Finance Corporation launched initiatives, plans and programs to support the use of solar power contribute to the development of the street lighting industry. The World Bank has offered support to different countries to increase the use of renewable energy instead of conventional energy, ultimately to reduce carbon emissions and to curb the resulting pollution. For instance, the World Bank endorsed $100 million in financing for large-scale wind projects in India in March 2017.
Read on to discover how you can exploit the future business opportunities emerging in this sector. Visiongain's new study tells you and tells you NOW. The 210-pages report provides clear, detailed insight into the global Solar Street Lighting market. Discover the key drivers and challenges affecting the market.
Factors Restraining the Market Growth:
One of the main variables hampering the development of the street lighting industry is the absence of LED standardization operation worldwide. Governments have enacted stringent legislation in several countries to encourage the use of energy-efficient techniques, but without standardizing item requirements. LED renewable street lighting requirements therefore differ across nations.
Read More:- https://www.kennethresearch.com/report-details/solar-street-lighting-market/10166452
This also generates a barrier for providers as they must comply with the norms in nations where they plan to distribute the lamps. Another element hindering the development of the industry for electric street lighting is rigid contest due to the introduction of counterfeit products. In some parts of the world, although the demand for solar street lighting products is high, their low availability has led to the intrusion of inferior-quality products that cost lower. The penetration of counterfeit products has further led to increased competition in the market.
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609
About Kenneth Research:-
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solar Street Lighting Market Analysis Covering Size, Share, Growth, Trends here
News-ID: 1911413 • Views: 209
More Releases from Kenneth Research
Photomask Market Growth Analysis by Revenue, Size, Share, Scenario on Latest Tre …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Photomask Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which is
Embedded Systems Market 2020 New Innovations Trends, Research, Global Share and …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Embedded Systems Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which
DNS Service Market : Industry Development Scenario and Forecast to 2025
Global DNS Service Market to reach USD 600 million by 2025.Global DNS Service Market valued approximately USD 230 million in 2016 is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2018-2025. The DNS Service Market is continuously growing across the world over the coming years. The major driving factor of global DNS Service market are increasing awareness to safeguard the websites from
Xenon Lights Market Growth, Size, Share, Demand, Trends and Manufacturers Analys …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Xenon Lights Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which
More Releases for Solar
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others. This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such
Solar PV Module Market 2018-2025 : Canadian Solar, First Solar, Jinko Solar, Sha …
Researchmoz added Most up-to-date research on "2018-2025 Solar PV Module Report on Global and United States Market,Status and Forecast,by Players,Types and Applications" to its huge collection of research reports. Summary This report studies the Solar PV Module market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Solar
Global Solar Photovoltaic Installations Market 2017: Key Players – BENQ Solar, …
Summary WiseGuyReports.com adds “Solar Photovoltaic Installations Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database. This report provides in depth study of “Solar Photovoltaic Installations market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solar Photovoltaic Installations Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Global Solar Cell (Photovoltaic) Equipment Market 2017 : Trina Solar, Canadian S …
Market Research Explore : The report 2017 Global Solar Cell (Photovoltaic) Equipment Market mainly highlights thoughtful facts and intelligence of Solar Cell (Photovoltaic) Equipment market in conjunction with prevailing and future market trends throughout the forecast period from 2017 to 2022. It additionally executes the great study of price, current geographical zones, technology, demand-supply and therefore the consequences it might wear the market growth of Solar Cell (Photovoltaic) Equipment trade. Do
Solar Panel Market 2017 - Hanwha, First Solar, SunPower, Elkem Solar, Sharp, Kyo …
The Global Solar Panel Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Solar Panel industry. First, "Global Solar Panel Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Solar Panel industry chain structure. Major Companies Covered in this report:- Hanwha First Solar SunPower Elkem Solar Sharp Kyocera Solar Solar Frontier Solarworld NSP Trina Solar Canadian Solar Jinko Solar JA Solar GCL
Global Solar Cells and Modules Market 2016 - Hanwha, First Solar, SunPower, Elke …
This report mainly covers the following Segment regions including (the separated region report can also be offered) North America Europe Japan China Southeast Asia India Request for sample report at http://www.fiormarkets.com/report-detail/2073/request-sample The players list (Partly, Players you are interested in can also be added) Hanwha First Solar SunPower Elkem Solar Sharp Kyocera Solar Solar Frontier Solarworld NSP Trina Solar Canadian Solar Jinko Solar JA Solar GCL System Integration Yingli Shunfeng ReneSola Risen Chint Group Hareonsolar Eging PV CSUN BYD HT-SAAE With 24 top producers. Data including (both global and regions): Market Size (both volume - K Units and value - million USD), Market Share, Production