Press release
Global Trends Overview: The Rapid Development of the Solar Street Lighting Market
Solar Street Lighting
Forecasted Expansion of the Solar Street Lighting Market Size Through 2029
The solar street lighting market is projected to experience swift growth over the coming years, reaching a value of $22.02 billion by 2029. This growth rate corresponds to a robust compound annual growth rate (CAGR) of 16.4%. Factors contributing to this expansion include increasing development activities in emerging regions, rising energy costs, heightened environmental awareness, sustainability initiatives, and supportive government policies. Noteworthy trends shaping the market during this period encompass the adoption of hybrid solar lighting systems, integration of artificial intelligence for energy optimization, community-focused lighting solutions, enhanced durability and weather resistance of products, along with modular and scalable design approaches.
Download a free sample of the solar street lighting market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9148&type=smp
Leading Players Driving the Solar Street Lighting Industry
Several prominent companies currently dominate the solar street lighting market, including Acuity Brands Inc., Bajaj Electricals Limited, Cooper Lighting LLC, Dragons Breath Solar, Jiangsu Sokoyo Solar Lighting Co. Ltd., Signify Holding B.V., Solektra Solar Energy, Sunna Design SA, Urja Global Ltd., Omega Solar LLC, VerySol GmbH, Solar Street Lights, Greenshine New Energy Co. Ltd., ABB Limited, Nomo Group CO. Ltd., Su-Kam Power Systems Ltd., GE Lighting, Anhui Longvolt Energy Co. Ltd., Covimed Solar, Jinhua SunMaster Solar Lighting Co. Ltd., and Shenzhen Spark Co. Ltd.
In a strategic move in April 2023, France-based Sunna Design partnered with Belgium's Schréder to promote eco-friendly solar lighting solutions. This collaboration aims to accelerate the global adoption of renewable energy and enhance safety in communities by providing innovative solar street lighting systems.
View the full solar street lighting market report:
https://www.thebusinessresearchcompany.com/report/solar-street-lighting-global-market-report
Emerging Innovations Boosting Growth in Solar Street Lighting
Product innovation remains a vital trend driving the solar street lighting market. Leading companies are continuously developing novel solutions to maintain competitiveness and address diverse customer needs. For example, in June 2023, US-based Streetleaf introduced its solar-powered streetlights designed to offer reliable, affordable, and environmentally sustainable lighting for urban and rural areas alike. These systems eliminate the need for electrical wiring, allowing installation in under 15 minutes, and present a cost-effective alternative to traditional grid-connected lighting.
Streetleaf's lights incorporate high-efficiency solar panels and smart sensors that automatically adjust brightness according to ambient light levels and traffic flow. Additionally, a remote-control system enables real-time monitoring and management of each unit, supporting the company's goal to power over 55 million streetlights with renewable energy.
Detailed Segmentation of the Solar Street Lighting Market
This market is segmented by type, component, luminaries, and application to provide a thorough understanding of its structure:
1) By Type: Portable, Standalone, Centralized
2) By Component Type: Controller, Lamp, Solar Panel, Sensors, Battery, Other Components
3) By Luminaries: Light Emitting Diode (LED), Compact Fluorescent Lamps (CFL)
4) By Application: Parking Lot, Highway And Roadway, Airport Runway, Manufacturing Site
Further subcategories include:
- Portable: Mobile Solar Lights, Solar-Powered Lanterns
- Standalone: Integrated Solar Street Lights, Pole-Mounted Solar Lights
- Centralized: Grid-Tied Solar Street Lights, Smart Solar Street Lighting Systems
This comprehensive segmentation highlights the diverse product offerings and applications within the solar street lighting industry, underpinning its growth potential across various sectors.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Trends Overview: The Rapid Development of the Solar Street Lighting Market here
News-ID: 4321044 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
