Pune, India, May, 2018 /MRFR Press Release/- MRFR analysts predict that the global solar street lighting market will grow steadily during the forecast period and post a CAGR of around 21.02% by 2023.

Market Highlights

The surging urbanization in developing countries has been leading to the rise in demand for energy, and governments of various countries are supporting eco-friendly methods of producing energy. This is driving the demand for solar street lights, globally. The technology in solar street lights are continuously improving over the years, and are expected to make further advancements with supportive government regulations and product innovation.

Street lighting is a core piece of urban and rural infrastructure. Lighting helps create a safe environment for both pedestrians and drivers. Many streetlights around the world are now being updated to LED lighting, which uses less energy and is more reliable than traditional sodium lamps, significantly reducing the cost of keeping streets illuminated. Increasingly, solar power is being used for street lighting around the world. The long term power saving, conservation of precious natural resources and elimination of the need for generating additional power are leading to the fast adoption of solar street lighting around the world. Solar street lights are able to provide reliable, quality lighting both in developing and developed countries, thereby reducing light poverty and the economic and environmental costs of electric outdoor lighting. Rapid technical innovation and dramatic price reduction in the LED, PV module, and battery components, which has occurred in the last years, will accelerate the penetration of solar street lights across the world.

Key Players

The prominent players in the Solar Street Lightings are VerySol Inc. (U.S.), Solar Street Lights USA (U.S.), Dragons Breath Solar (U.K.), Urja Global Ltd. (India), Solektra International LLC (U.S.), Bridgelux Inc. (U.S.), SOKOYO Solar Group (China), Sunna Design (France), Sol Inc.(U.S.), Philips Lighting Holding B.V.( the Netherlands), and Omega Solar (India).

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

Market Research Future Analysis:

Market Research Future analysis shows that the global market of solar street lightings market is estimated to grow at CAGR of 21.02 % by the end of the forecast period. These are outdoor raised light sources that are powered by the photovoltaic or PV panels. By raised, it means that the solar panels are either mounted on the lighting structure or they are connected using a pole. These PV panels are equipped with a rechargeable battery, which enables them to provide power for the duration of the entire night to the fluorescent or LED lamp. Also, in the majority of instances, these solar street lights have solar panels, which can sense outdoor light, automatically, through an external light source. With the energy production and storage capacities, even in the absence of sunlight these can produce light, successively, during nights for a minimum of 2-3 days.

Urban street lights are densely-clustered, making it cost-effective to upgrade lighting with LED and connectivity. However, rural areas have a much lower density of street lighting, which can be more expensive to replace and maintain.

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Market Research Future:              

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