Market Overview:
The global solar LED street lighting market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of solar LED street lights. The global solar LED street lighting market can be segmented on the basis of type into polycrystalline and monocrystalline. On the basis of application, it can be segmented into industrial, commercial, and residential. The industrial sector is expected to account for a major share in terms of revenue in this market during the forecast period owing to increased adoption by manufacturing companies across different regions.
Product Definition:
Solar LED Street Lighting is a type of street lighting that uses solar panels to collect energy from the sun and use it to power LEDs. Solar LED Street Lighting is important because it can help reduce greenhouse gas emissions, save money on energy costs, and improve public safety.
Poly Crystalline:
Polycrystalline silicon is a type of high-purity, ultra-pure silicon that has been processed to remove other materials and enhance its electrical properties. It possesses higher energy bandgap as compared to amorphous Silicon and is hence used in making light sources for LED street lighting systems. Polycrystalline silicon street lights have better quality light output as compared to amorphous ones; they are also more durable, reliable, efficient and have longer life span.
Mono Crystalline:
Mono crystalline is a type of semiconductor material that has one crystal in it. It’s most commonly used for making solar panels and other related products. The efficiency of mono crystalline solar cells is more than the conventional polycrystalline and amorphous silicon cells, hence they are widely used in the industry.
Application Insights:
The industrial segment dominated the global solar LED street lighting market in terms of revenue share in 2017. The growth can be attributed to the growing adoption of energy-efficient products across industries such as oil & gas, healthcare, and transportation. Furthermore, governments are promoting investments for developing new green technologies and manufacturing equipment that uses renewable sources of energy including solar LEDs.
The commercial segment is expected to witness significant growth over the forecast period owing to increasing government initiatives on improving public infrastructure and building sustainable communities worldwide. For instance, according to a study published by NREL in 2015 titled ¢â‚¬Å“Solar Lighting at Workplace Parking lots: An Analysis¢â‚¬ it was observed that installing these lights at workplace parking lots could reduce electricity costs by 20%. Such initiatives are expected to increase product demand globally over the coming years.
Regional Analysis:
Asia Pacific regional solar LED street lighting market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives and investments in infrastructure projects. For instance, in India, the National Infrastructure Mission Plan aims at developing 100 smart cities by 2020 with an investment of USD X trillion. The plan includes provision for installation of modern infrastructure such as roads, hospitals, schools and colleges along with adequate electric lighting in each location. This will encourage industry players to invest more in this region which will drive demand over the next eight years.
North America regional market accounted for a share of 24%in 2017 owing to high acceptance levels coupled with favorable regulations regarding energy savings implemented by local governments across U.S.
Growth Factors:
- Increasing demand for energy efficient lighting solutions
- Government initiatives and regulations for promoting solar LED street lighting
- Rising awareness about the benefits of solar LED street lighting among end-users
- Technological advancements in solar LED street lighting systems
- Growing demand from developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar LED Street Lighting Market Research Report
By Type
Poly Crystalline, Mono Crystalline
By Application
Industrial, Commercial, Residential
By Companies
Signify, Solar Electric Power, Su-Kam Power Systems, Solar Lighting International, BISOL, Greenshine New Energy, Solar G, Orion Solar, Bridgelux, Anhui Longvolt Energy, Covimed Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Solar LED Street Lighting Market Report Segments:
The global Solar LED Street Lighting market is segmented on the basis of:
Types
Poly Crystalline, Mono Crystalline
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Signify
- Solar Electric Power
- Su-Kam Power Systems
- Solar Lighting International
- BISOL
- Greenshine New Energy
- Solar G
- Orion Solar
- Bridgelux
- Anhui Longvolt Energy
- Covimed Solar
Highlights of The Solar LED Street Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Poly Crystalline
- Mono Crystalline
- By Application:
- Industrial
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar LED Street Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar LED street lighting is a type of solar energy technology that uses LEDs to produce light. Solar LED street lighting systems use less energy than traditional streetlights, and they are more durable and efficient. Solar LED streetlights can also be more cost-effective than other types of solar energy technologies, such as solar panels or wind turbines.
Some of the major companies in the solar led street lighting market are Signify, Solar Electric Power, Su-Kam Power Systems, Solar Lighting International, BISOL, Greenshine New Energy, Solar G, Orion Solar, Bridgelux, Anhui Longvolt Energy, Covimed Solar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar LED Street Lighting Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Solar LED Street Lighting Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Solar LED Street Lighting Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Solar LED Street Lighting Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Solar LED Street Lighting Market Size & Forecast, 2020-2028 4.5.1 Solar LED Street Lighting Market Size and Y-o-Y Growth 4.5.2 Solar LED Street Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Poly Crystalline
5.2.2 Mono Crystalline
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar LED Street Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solar LED Street Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Poly Crystalline
9.6.2 Mono Crystalline
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Poly Crystalline
10.6.2 Mono Crystalline
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Poly Crystalline
11.6.2 Mono Crystalline
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Poly Crystalline
12.6.2 Mono Crystalline
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Poly Crystalline
13.6.2 Mono Crystalline
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solar LED Street Lighting Market: Competitive Dashboard
14.2 Global Solar LED Street Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signify
14.3.2 Solar Electric Power
14.3.3 Su-Kam Power Systems
14.3.4 Solar Lighting International
14.3.5 BISOL
14.3.6 Greenshine New Energy
14.3.7 Solar G
14.3.8 Orion Solar
14.3.9 Bridgelux
14.3.10 Anhui Longvolt Energy
14.3.11 Covimed Solar