Solar Street Lighting Market will Register a CAGR of 23.4% through 2025
According to Transparency Market Research (TMR), the global solar street lighting market is expected to exhibit a robust CAGR of 23.4% between 2017 and 2025. The market was valued at less than US$3.5 bn in 2016, but is likely to rise to more than US$22 bn over the 2017-2025 forecast period.
Request Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23906
Developing Countries in Asia Pacific, Africa Vital for Solar Street Lighting Market
Geographically, the global solar street lighting market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. While developed countries in North America and Europe are also likely to play a key role in the development of the global solar street lighting market due to the widespread demand for replacement of conventional street lighting systems, developing countries in Asia Pacific and Africa are the key consumers in the solar street lighting market. The widespread unmet demand for large-scale lighting systems in dynamic economies such as India and China is vital for the Asia Pacific solar street lighting market, with India topping the global solar street lighting market charts in 2016.
Rising African powers such as South Africa, Kenya, Nigeria, and Ghana are likely to contribute significantly to the global solar street lighting market in the coming years. The high volume of unmet demand in these countries has led to the conception of several research efforts aimed at improving on-site energy generation capabilities, of which the solar street lighting market has been a vital part. The rising government support as well as research initiatives aimed at underdeveloped countries in Africa is thus likely to remain a key driver for the global solar street lighting market.
Commercial Applications Dominate Demand from Solar Street Lighting Market
By application, the global solar street lighting market is segmented into commercial, residential, and industrial applications. Due to the rising government support to the use of solar street lighting in public spaces, the commercial application segment of the global solar street lighting market is likely to remain the leading contributor to the solar street lighting market in the coming years. The rising use of solar lighting in parking lots, subways, and perimeter security lighting is thus a major driver for the global solar street lighting market.
Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=23906
Solar street lighting has become popular primarily due to the reduction in energy expenditure enabled by its renewable source of energy. This has become a key concern due to the rising costs of energy generation and mounting problems created by the scarcity of exhaustible energy sources. Apart from this, the low maintenance costs of solar lighting have become an important driver for the global solar street lighting market.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 will Register a CAGR of 23.4% through 2025 here
News-ID: 845924 • Views: 385
More Releases from Transparency Market Research
Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The
More Releases for Sol
Solar Batteries Market is Booming Worldwide | Suniva, Honda, Ascent Sol
HTF MI recently Announced Global Solar Batteries study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Solar Batteries. Global Solar Batteries research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Solar Batteries Forecast till 2025*. Some of the Leading key Company’s Covered for this Research are East Penn Manufacturing(US), Exide Technologies(US), GS
Global Sol-Gel Coatings Market Size and Growth 2025
In this report, The Global Sol-Gel Coatings Market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Request for free sample at https://www.researchtrades.com/request-sample/1464338 Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Sol-Gel Coatings in these regions,
Sol Gel Nanocoating Market: Global Industry Analysis 2023
In order to enhance products and add new properties to the existing technology, an increasing number of manufacturers are opting for sol gel nanocoating, thus driving their market. Sol gel nanocoating coats materials with a layer of nanocomposites and structured materials. This chemical way of coating substrate, can be used for a wide range of nanotechnological products and thus, a large number of manufacturers are preferring sol gel nanocoating technology.
Sol Teams Up With Chip Ganassi Racing Teams
Racing Team Replace Outdoor Lighting with Solar LED Lighting Palm City, Fla., U.S.A., May 31, 2012 – Sol Inc., the leading provider of solar and LED outdoor lighting solutions, is pleased to announce they have partnered with Chip Ganassi Racing Teams, Inc to lead the way for increased energy conservation in the racing industry by upgrading the team’s outdoor lighting at both their Indianapolis and Concord, NC race shops to much
Sol Potion™ Offers Businesses Education On The Sunless Tanning Industry
Sol Potion™ Offers Businesses Education On The Sunless Tanning Industry Birmingham, MI, September 10, 2010 – Sol Potion™ (http://www.solpotion.com) creator of sunless tanning solutions, is pleased to announce an update to their website which will include increased airbrush tanning educational information for the airbrush technician. “There is a lot of inaccurate information floating around in the sunless tanning industry and that is the reason for the added focus,” says Lori
SOL Inc Upgrades its ISO Certification to ISO 9001:2008
Palm City, Fla., U.S.A. - SOL Inc is pleased to announce that the firm has renewed and upgraded its ISO Certification to ISO 9001:2008. While previously ISO 9001:2004 certified, SOL Inc invested in the upgrading of its quality standards and procedures at the start of 2010. A recent National Quality Advisors (NQA) audit revealed that the firm’s efforts have paid off and SOL Inc is now in compliance