Solar Street Lighting Market Growth 2017 - 2025

Solar street lighting is an ideal lighting solution, not only in grid-based systems but also off-grid ones. Rechargeable battery, solar pane, controller, pole, and lighting fixture are some of the components used in solar street lighting. With a view to adequately charge the batteries, the lighting unit needs to be placed in a shadow-free zone, where direct sunlight is accessible. The standalone solar photovoltaic street lighting systems use rechargeable lead acid batteries for storing solar energy. The lighting systems either feature a pre-set timer or an automatic dusk to dawn functioning.

Obtain Report Details @: http://www.transparencymarketresearch.com/solar-street-lighting-market-2017-2025.html

The global market for solar street lighting has been segmented on the basis of application, type, and lighting source. By lighting source, the market has been further segmented into light emitting diodes (LED) and compact florescent lamps (CFL). By application, the global solar street lighting market has been segmented into commercial, residential, and industrial segments. By type, on grid and standalone are the key segments of the market.

The report covers the profiles of the major market players. Their advancement in the market has been mapped. A market attractiveness analysis that takes into consideration factors such as profitability, raw material procurement, market size, and growth rate has been incorporated in the report.

Global Solar Street Lighting Market: Drivers and Restraints

As concerns about the depletion of non-renewable energy sources are rising over the globe, the need for cleaner alternatives for street lighting has arisen. As a result a number of manufacturers are focusing on the development of efficient solar street lighting solutions, and off-grid systems in particular. Capable of offering a viable street lighting solution in almost any type of terrain where grid connectivity may or may not be available, is one of the key advantages of solar street lighting systems.

Fill the form for an exclusive sample of this report @: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23906

These lighting solutions are highly apt at bringing down the overall costs of power, generating more fiscal savings not only for the government but also for tax payers. Another beneficial feature of solar street lighting is that they require minimal maintenance, also eliminating the costs of transformers and wiring at the same time. All these advantages have been promoting the growth of the market.

On the contrary, high costs of installation might restrict the growth of the market. However, the impact of this major bottleneck can be negated by developing cost efficient solar street lighting systems.

Global Solar Street Lighting Market: Regional Outlook

By geography, the global market for solar street lighting can be segmented into Europe, Asia Pacific, the Middle East and Africa, Latin America, and North America. In 2016, Asia Pacific held the leading position in the global market for solar street lighting. The region accounted for a massive share of 44% in the global market, led by India and China.

Africa, owing to increasing adoption of off-grid solar street lighting solutions across the country, emerged at the second-most position in 2016. Ghana, Kenya, Nigeria, and South Africa are the major contributors of the solar street lighting market in this region. Supportive government policies, growing demand for clean energy, dependence on off-grid power supply, and local manufacturing are responsible for the rapid growth of the solar street lighting market in Africa.

Global Solar Street Lighting Market: Competitive Analysis

SOKOYO Solar Group, Omega Solar, Dragons Breath Solar, Solar Street Lights USA, VerySol GmbH, Philips Lighting Holding B.V., Bridgelux, Inc., Solektra International, Urja Global Ltd., Sol, Inc., and Sunna Design are some of the leading companies operating in the global market for solar street lighting.

This report segments the global solar street lighting market as follows:

Solar Street Lighting Market: By Type

Standalone
On Grid

Solar Street Lighting Market: By Application

Residential
Commercial
Industrial

Solar Street Lighting Market: By Lighting Source

Compact Fluorescent Lamps (CFL)
Light Emitting Diode (LED)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

90 State Street, Suite 700
Albany, NY 12207

This release was published on openPR.