Solar streetlights (SSL) are widely employed for outdoor street lighting because solar power is their principal source of energy. These illumination mediums worked independently of conventional sources of energy, eliminating the need for a general grid to provide any power requirements. A standalone solar photovoltaic street lighting system consists of a re-chargeable lead acid battery for storage, PV (photovoltaic) modules for charging the battery, light source (compact fluorescent lamps and light emitting diodes), appropriate electronics for the operation of the tamp, and safe charging and discharging of the battery, as well as mechanical hardware for fixing these sub systems.
MARKET SCOPE
The "Global Solar Street Lighting Market Analysis to 2028" is a specialized and in-depth study of the Solar street lighting Market with a special focus on the global market trend analysis. The report aims to provide an overview of Solar street lighting market with detailed market segmentation by type, lighting source and application. The global Solar street lighting market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Solar street lighting market player and offers key trends and opportunities in the Solar street lighting market.
MARKET SEGMENTATION
- Based on type the market is bifurcated as, standalone and grid connected.
- On the basis of lighting source the market is bifurcated as, compact fluorescent lamps [CFL], light emitting diode [LED].
- Further, on the basis of application the market is segmented as, residential, commercial, industrial, others.
MARKET DYNAMICS
Drivers:
- Rising potential of solar technologies coupled with growing demand for clean energy sources.
- Increased expenditures in the refurbishment of traditional power generation sources, as well as significant technological breakthroughs in product efficiency, flexibility, and operation.
- Continuous innovations, technological advancements and lowering overall cost for lighting are likely to propel market growth.
Restraints:
- The solar street lighting market is restrained by high initial investment and lack of awareness about solar energy.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Solar street lighting market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Solar street lighting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Solar street lighting Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Solar street lighting market in these regions.
IMPACT OF COVID-19 ON SOLAR STREET LIGHTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the Solar street lighting market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Solar street lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for Solar street lighting market. Below mentioned is the list of few companies engaged in the Solar street lighting market.
The report also includes the profiles of key Solar street lighting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Anhui Longvolt Energy Co., Ltd
- BISOL Group, d.o.o.
- Best Solar Street Lights USA
- DragonsBreathSolar Ltd
- Omegasolar
- JIANGSU SOKOYO SOLAR LIGHTING CO., LTD.
- Sol by Sunna Design
- Solar Lighting International
- Greenshine New Energy
- Urja Global Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.