Press release
Solar Street Lighting Market 2022 Industry Analysis, Key Drivers, Business Strategy, Opportunities and Forecast to 2030 | Philips Lighting Holdings B.V., Signify Holding BV, Acuity Brands, Bridgelux Inc
Global Solar Street Lighting Market is estimated to witness a major jump in revenue from US$ 3,972 Mn in 2021 to US$ 15,716.4 Mn by 2030. The market is registering a CAGR of 17.12% over the projection period 2022-2030.
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The global Solar Street Lighting is forecast to experience strong growth potential due to growing energy consumption across the world. It is majorly attributed to the rising population, increasing industrialization, and growing urbanization. Further, the growing range of data centers and other commercial buildings will also contribute to the growth of the market.
COVID-19 Impact Analysis
The Global Solar Street Lighting experienced a sharp decline due to the COVID-19 outbreak. According to data from BP's Statistical Review of World Energy, Primary energy consumption dropped by nearly 4.5% in 2020, which is considered to be the largest decline since 1945.
The same source estimates that the US, India, and Russia witnessed the largest declines in energy consumption. However, China recorded a significant increase of nearly 2.1% in the energy demand. This thorough study by Astute Analytica covers all the factors impacting the market directly or indirectly. The report discusses the contribution of regions and companies in the form of investments and innovative strategies.
Regional Analysis
By Type segment of the Global Solar Street Lighting Market is sub-segmented into:
Portable
Standalone
Centralized
Others
By Component segment of the Global Solar Street Lighting Market is sub-segmented into:
Controller
Lamp
Compact fluorescent light (CFL)
Light-emitting diode (LED)
Metal halide
Sodium vapor
Others
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Solar Panel
Sensors
Night & Motion Sensors
Passive Infrared (PIR) Sensors
Battery
Lead-acid
Lithium-Ion
Others
By Application segment of the Global Solar Street Lighting Market is sub-segmented into:
Parking Lot
Highway and Roadway
Airport Runway
Manufacturing Site
Playgrounds
Garden
Others
By Region segment of the Global Solar Street Lighting Market is sub-segmented into:
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Key Players Insights
Philips Lighting Holdings B.V., Signify Holding BV, Acuity Brands, Bridgelux Inc., Bajaj Electricals Limited, Urja Global Ltd, Cooper Lighting LLC, Dragons Breath Solar, Omega solar, Solar Street Lights USA and Solektra International LLC among others.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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