Press release
Solar Street Lighting Market Trends, Key Players, Recent Developments and Forecast 2023 to 2031 | Acuity Brands, Inc. Bajaj Electricals Ltd. Bridgelux Inc. Cooper Lighting, LLC Dragons Breath Solar Jiangsu SOKOYO Solar Lighting Co., Ltd.
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The global solar street lighting market is estimated to witness a major jump in revenue from US$ 4,438.0 Mn in 2022 to US$ 15,716.4 Mn by 2030 at a CAGR of 17.19% over the projection period 2023-2030. In terms of volume, the market is expected to register a CAGR of 15.01% during the forecast period. It analyses the market's regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the Global Solar Street Lighting Market , covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
Acuity Brands, Inc.
Bajaj Electricals Ltd.
Bridgelux Inc.
Cooper Lighting, LLC
Dragons Breath Solar
Jiangsu SOKOYO Solar Lighting Co., Ltd.
Omega Solar
Philips Lighting Holding B.V.
Signify Holding BV
Sol Inc.
Solar Street Lights USA
Solektra International LLC
Sunna Design
Urja Global Ltd.
VerySol Inc.
Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic's impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the Global Solar Street Lighting Market includes
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
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
Overall, Astute Analytica's report on the Global Solar Street Lighting Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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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 analyse 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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