Press release
Solar Street Lighting Market is Forecasted to Reach US$ 6.99 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global solar street lighting market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1248/solar-street-lighting-market.html#form
Report Highlights:
Market Size in 2028: US$ 6.99 billion
Growth (CAGR): 10.75% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Solar Street Lighting Market:
The global solar street lighting market is segmented based on product type, luminaries type, application type, and region.
Based on product type - The market is segmented as standalone and grid connected. The standalone segment is expected to grow at a higher CAGR of 11.8% during the forecast period, driven by the rapid expansion of sustainable electric networks, the high cost of conventional streetlight infrastructure across off-grid areas, and the increasing deployment of pico-solar systems.
Based on application type - The market is segmented as residential, commercial, and industrial. The industrial segment is likely to be the major application type during the forecast period. The on-site generation of electricity and the increasing focus on sustainable manufacturing are likely to contribute to the demand for the industrial segment.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1248/solar-street-lighting-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the fastest-growing region for the market during the forecast period. This growth outlook is majorly attributed to the following-
• Government initiatives for the adoption of energy-efficient lighting systems, expansion of manufacturing facilities, and decreasing product cost.
Solar Street Lighting Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing demand for clean energy
• Increasing off-grid electricity demand, and stringent regulations towards sustainable infrastructure development.
• Urbanization is expanding quickly, and the need for sustainable infrastructure is growing.
Top Companies in the Solar Street Lighting Market:
Stratview Research has identified the following companies as the top market players.
• Anhui Longvolt Energy Co., Ltd
• BISOL Group
• COVIMED SOLAR
• Greenshine New Energy
• Jinhua SunMaster Solar Lighting Co., Ltd
• LEADSUN
• Orion Solar Projects Private Limited
• Shenzhen Spark Optoelectronics S&T Co., Ltd
• Solar Electric Power Company (SEPCO)
• Solar Lighting International, Inc.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Solar Street Lighting Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Smart LED Lighting Market: https://stratviewresearch.com/2601/Smart-LED-Lighting-Market.html
• LED Materials Market: https://stratviewresearch.com/3574/led-materials-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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