The global Solar LED Street Lighting Market is forecasted to be worth USD 13.89 Billion by 2027, according to a new report by Emergen Research. The solar LED street lighting market is anticipated to grow significantly owing to the growing need for energy-efficient lighting systems and the rising integration of the IoT with lighting systems. The increase in energy usage globally is another factor for the substantial growth in the global solar LED street lighting market.
In June 2019, Signify N.V. was installed 20 Philips SunStay solar street lights in Infanta Elena Park in Seville, Spain, in one housing, these solar lights have an integrated solar panel, luminaire, charge controller, and battery. These lights are also compact and easy to assemble and require less maintenance.
The increasing government initiative to implement smart grid and smart city, rising adoption of IoT and the growing use of energy-saving lighting systems are driving the demand for the market.
Solar LED Street Lighting Market Size – USD 5.60 billion in 2019, Market Growth – CAGR of 13.4%, Market Trends – The rise in the Smart Solar Street Lighting popularity.
Due to certain government influence, such as feed-in tariff and net metering, the grid-connected system is anticipated to witness significant growth over the forecast timeframe.
Due to the advantages, such as less maintenance, uniform mounting, long service life, ecofriendly, and no RF interference, the light pole segment is expected to dominate the market with a CAGR of 13.4%.
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Key participants include Su-Kam Power Systems Ltd., Sunna Design Inc., Dragon’s Breath Solar, Bridgelux, Inc., Greenshine New Energy LLC, Signify Holding B.V., Solar Lighting International Inc, Anhui Longvolt Energy Co. Ltd., BISOL Group, d.o.o., and Orion Solar among others.
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Grid Connected
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Solar Cell
- Light Pole
- LED lamps
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Highlights of the TOC:
Key Solar LED Street Lighting market segments
Market analysis by product
Market analysis by application
Global Growth Trends
Global Solar LED Street Lighting market size
Latest Solar LED Street Lighting market trends
Key growth trends
Global Solar LED Street Lighting market key players
Global Solar LED Street Lighting size by manufacturers
Products of major players
Entry barriers in the Solar LED Street Lighting market
Mergers, acquisitions, joint ventures, and strategic alliances
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Middle East & Africa
Radical Highlights of the Solar LED Street Lighting Market Report:
Comprehensive overview of the Solar LED Street Lighting market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Solar LED Street Lighting market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Key Questions Answered in the Report:
What is the growth rate of the Solar LED Street Lighting market? What is the anticipated market valuation of Solar LED Street Lighting industry by 2027?
What are the key growth driving and restraining factors of the Solar LED Street Lighting market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Solar LED Street Lighting industry over the forecast period?
Which region is expected to show significant growth in the coming years?
The Global Solar LED Street Lighting Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Corporate Sales Specialist
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