Press release
Solar Street Lighting Market Revenue, Gross Margin, Market Share, Manufacturing Process Analysis 2021-2027
The Global Solar Street Lighting Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide Solar Street Lighting market, as well as its future prospects.In accordance with the Solar Street Lighting market is set to grow at a CAGR of 22.53% over the forecast period (2021-2027).
The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide Solar Street Lighting market. From 2021 through 2027, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.
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In the worldwide market, there are a number of important and rising Solar Street Lighting market Key players:
Philips, Leadsun, Solar Street Lights USA, SEPCO, Jiawei, Yingli Solar, SOKOYO, King-sun
Industry News:
Murata Manufacturing has acquired 5 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.
Murata Manufacturing’s largest acquisition to date was in 2011, when it acquired VTI Technologies Oy for $195M. Murata Manufacturing has acquired in 4 countries. The Company’s most targeted sectors include information technology (40%) and electronics (20%).
Market segment by Type, covers:
Standalone
Grid Connected
The application covered in the report include:
Municipal Infrastructure
Residential
Others
Market Overview:
The Solar Street Lighting market is projected to reach USD 10.8 billion by 2027 from USD 5.2 billion in 2021, at a CAGR . Major drivers for the growth of the market are growing need for energy-efficient Solar Street Lighting for highways, increasing use of renewable energy for lighting, rising penetration and decreasing cost of LEDs, and growing demand from developing and emerging countries. Furthermore, underlying opportunities for this market include a decline in the cost of Solar Street Lighting , favorable government initiatives, and enhancement in technological aspects of a Solar Street Lighting .
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APAC to account for the largest market size of Solar Street Lighting during forecast period
APAC is a potential market for Solar Street Lighting with enormous opportunities for the development and implementation of new technologies. Countries such as China, Japan, India, South Korea, and Australia are taking initiatives toward the deployment of Solar Street Lighting. China is the biggest market in APAC for the implementation of solar lighting system solutions. Surging urbanization in developing countries in this region has been leading to the rise in the demand for energy. This consequently drives the demand for solar streetlights in this region.
Regional Outlook:
This research report focuses on Solar Street Lighting market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.
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Table of Contents: Solar Street Lighting Market
Chapter 1: Global Solar Street Lighting Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Solar Street LightingMarket Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Solar Street Lighting Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Solar Street Lighting Market Effect Factors Analysis
Chapter 12: Research Conclusions of Global Solar Street Lighting Market
Impact of COVID-19:
The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.
Report Customization:
The Global Solar Street Lighting Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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