Press release
Solar Street Lighting Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024
MaketStudyReport.com adds a new Solar Street Lighting Market Research Report for the period of 2016-2024 that shows the growth of the market is rising at a 20% CAGR to 2024.Solar Street Lighting Market size is expected to exceed USD 15 billion by 2024. Rapid depleting fossil fuel with the correction in petroleum products prices over the forecast period is anticipated to fuel the need for finding alternative sources that can be used as petroleum substitutes. Increasing need for self-sustenance and to eliminate dependence on grid power systems is predicted to fuel the need for substitute energy systems. Increasing electricity demand owing to rising consumption is expected to fuel industry growth.
Global solar street lighting market size is further segregated on product basis as standalone and grid connected. Standalone product accounted for over 89% of global installation in 2015 owing to increasing demand for clean fuel energy couple with increasing off grid population across the region.
Global street lighting trends indicate around 20% to 35% of the total energy bill, which signifies the rising focus towards enhancing energy efficiency by reducing power consumption. Furthermore, depleting fossil fuels have significantly contributed to increasing electricity prices. Solar street lights are efficient, clean and has low operational and maintained cost compared to conventional street lighting.
Get Sample Copy of this Report: https://www.marketstudyreport.com/request-a-sample/467808//?utm_source=OPR-PSR
China LED solar street lighting market size may generate over USD 1.2 billion by 2024. The one foundation and climate group launched the 1,000 villages solar LED lighting program to electrify the rural communities in china.
Stringent government regulation towards energy conservation and to reduce carbon footprints is likely to drive solar street lighting market size. The industry players have analyzed the massive potential for solar energy source making it a new market opportunity to explore.
Government initiatives such as subsidies and tax benefits on solar products will stimulate industry growth. Installation of solar street lights will result into affordable, reliable, and sustainable power. Standalone solar street lighting market size may surpass USD 13 billion revenue by 2024 whereas, grid connected products, by 2024, may exceed 2 million units.
India LED solar street lighting market is forecast to reach over USD 3 billion by 2024. Increasing demand for energy conservation coupled with government regulations to reduce the carbon emissions in the country is likely to drive industry growth up to 2024.
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/467808/
Residential application in the U.S. is projected to reach at 0.28 million units by 2024. Government initiative to develop green building project for residential will further drive industry growth.
Low-cost batteries will consequently result in lowering the off-grid solar lighting product price. In addition, decreasing component cost will subsequently reduce the overall product price by 70%. Low price may increase the penetration of solar street lights among low income households.
Thailand grid connected segment demand was USD 3.6 million for 2015, growing at a CAGR of 16.32% from 2016 to 2024.
Brazil Residential segment demand was USD 3.5 million for 2015, growing at a CAGR of 16.7% from 2016 to 2024.
Global solar street lighting market share is highly fragmented and competitive. Sunna Design, Philips Lighting Holding B.V., SOKOYO Solar Group, Bridgelux, Inc., Urja Global Ltd., Omega Solar, Sol Inc., Dragons Breath Solar, VERYSOL Gmbh, Solar Street Lights USA.
Global Market Insights has segmented the solar street lighting industry based on product, luminaries, application and region:
Solar Street Lighting Product Analysis (Volume: Million units; Revenue: USD Million, 2013 - 2024)
Standalone, Grid Connected
Solar Street Lighting Luminaries Analysis (Volume: Million units; Revenue: USD Million, 2013 – 2024)
LED, CFL
Solar Street Lighting Application Analysis (Volume: Million units; Revenue: USD Million, 2013 - 2024)
Residential, Commercial, Industrial.
The above information is provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, France, UK, Spain, Russia, Poland, Asia Pacific, China, Japan, India, Australia, Malaysia, Latin America, Brazil.
For Enquiry on this report: https://www.marketstudyreport.com/enquiry-before-buying/467808/
Related Report:
Global Solar Control Window Films Market by Manufacturers, Countries, Type and Application, Forecast to 2022
This report focuses on the Solar Control Window Films in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
https://www.marketstudyreport.com/reports/global-solar-control-window-films-market-by-manufacturers-countries-type-and-application-forecast-to-2022/?utm_source=RR-PSR
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/
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 Solar Street Lighting Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024 here
News-ID: 723517 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Sol
Solana (SOL) traders are earning $7,800 daily by using SOL to participate in min …
As the native cryptocurrency of the Solana public blockchain, SOL is characterized by its high-performance blockchain network, capable of high transaction speeds (TPS), theoretically reaching tens of thousands of transactions per second (TPS), which is crucial for large-scale applications. Low transaction fees and strong scalability are primarily due to its unique Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS).
As the native asset of the Solana network,…
Silica Sol Market Progression: Building on Recent Growth
Allied Market Research has published a comprehensive report titled, "Silica Sol Market by Application (Binder, Surface Modification, Flocculant, Catalyst, Others), by End Use Industry (Chemicals, Foundry, Pulp and Paper, Plastics, Electrical and Electronics, Textile, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global silica sol market was valued at $0.8 billion in 2021 and is projected to reach $1.3 billion by 2031, growing at a…
Sol AI Trademark Declares War on Censorship: Introducing Sol AI Trademark : SOVE …
Las Vegas, NM, USA - February 20, 2025 - The AI revolution has been hijacked by corporate overlords-until now. Sol AI Trademark : SOVEREIGN is here, the first truly independent, censorship-proof AI intelligence that no corporation, government, or mainstream entity can control. Unlike restricted platforms like OpenAI, Sol AI Trademark : SOVEREIGN will be self-hosted, decentralized, and immune to shutdowns, censorship, and forced compliance. Designed to expose hidden truths and…
Sol Heater Reviews UK : Is Sol Heater Portable Heater Legit?
Sol Heater Reviews UK: Bringing you all the best solutions to keep warm in the coldest space. You Buy Sol Heater Portable Heater to keep your personal space warm, both office and bedrooms.
The winter is here, and everywhere is freezingly getting cold. Keeping warm becomes a very paramount necessity for everyone in the United States, Canada, the United Kingdom, Australia, and every other country in the winter season. Sol…
Sol-Gel Nanocoating Market 2022 | Detailed Report
The research reports on "Sol-Gel Nanocoating Market" report gives detailed overview of factors that affect global business scope. Sol-Gel Nanocoating Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5389029
The…
Sol Gel Solution Market 2021 | Detailed Report
According to Market Study Report, Sol Gel Solution Market provides a comprehensive analysis of the Sol Gel Solution Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and Figures) of Sol Gel Solution Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4455740
The report provides a…
