Press release
Global Solar Street Lighting Market Will Grow at a CAGR of 19.30% during the period 2016-2020
Street lighting is a vital service provided by the municipal organizations of respective cities to ensure the safety of people using pedestrian walkways and roads. Worldwide, across the cities lighting accounts for a substantial range of 10%-35% of the total energy bills. Controlling the power consumption in street lighting has been gaining attention due to rising energy prices, need for energy efficiency, and tackling climate change. This has resulted in choosing energy-efficient technologies such as LEDs to replace older street lighting models that use CFL or halogen.Technavios analysts forecast the global solar street lighting market to grow at a CAGR of 19.30% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global solar street lighting market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of solar street lighting products (i.e., solar PV with components like batteries, poles, luminaires, and power management systems) in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Solar Street Lighting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Omega Solar
Philips Lighting
Solar Street Lights USA
Su-Kam Power Systems
Other prominent vendors
Bridgelux
Covimed Solar
Dragons Breath Solar
Elecssol
Fosera
KCP Solar
Shenzhen Spark Optoelectronics S&T
Solar Electric Power Company (SEPCO)
SOKOYO
Solektra
Sunna Design
Tata Power Solar Systems
Urja Global
VERYSOL
Market driver
Increase in government support
For a full, detailed list, view our report
Market challenge
Absence of global LED standardization
For a full, detailed list, view our report
Market trend
Emergence of smart cities
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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