The emergence of smart city projects, governments’ stringent regulations and support, and decreasing solar component costs are some of the factors playing a significant role in the growth of the solar street lighting market. In 2016, the market generated a revenue of $2.8 billion, and it is predicted to attain a size of more than $10.8 billion, progressing at a CAGR of 21.2% during 2017–2023 (forecast period).
