Market Overview:
The global smart solar street lighting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and environment-friendly lighting solutions across the globe. Additionally, the growing awareness about the benefits of using smart solar street lights is also propelling the growth of this market. The global smart solar street lighting market can be segmented on the basis of type into programmable and nonprogrammable lights. The programmable lights segment is expected to hold a larger share in terms of revenue in 2018, owing to their ability to adjust brightness and color as per requirement. However, with technological advancements, nonprogrammable lights are also gaining traction due their low cost and easy installation process. On the basis of application, municipal infrastructure accounted for a major share in 2017 and is projected to maintain its dominance duringthe forecast period as well owingto government initiatives towards energy conservation coupled with rising investments in public infrastructure projects worldwide .
Product Definition:
Smart Solar Street Lighting is a type of street lighting that uses solar panels to generate electricity. Smart Solar Street Lighting is important because it helps reduce the amount of energy used to power streetlights, and it also helps reduce greenhouse gas emissions.
Programmable:
The Programmable Logic Controller (PLC) is a type of Supervisory Control System used to control and monitor the operating conditions of various processes or systems. The PLC can be used to control electrical equipment remotely, in real-time, and with greater accuracy. It can also be easily integrated into an existing electrical system without requiring any substantial changes to the existing infrastructure.
Not Programmable:
The smart solar street lighting market is growing at a rapid pace and it has been observed that these lights are used in residential areas, commercial places, highways and by the police department. The major factor driving this industry is the need for energy conservation. These systems use solar power to charge batteries during the day and use electricity at night. It has been observed that these systems have reduced carbon footprints which help in reducing air pollution significantly as compared to conventional street lights.
Application Insights:
The market is segmented by application into municipal infrastructure, residential and others. The municipal infrastructure segment dominated the overall market in terms of revenue share in 2017. This can be attributed to the growing government initiatives for installing solar-based streetlights across cities globally. For instance, as per a blog post published by Solar Energy Industries Association (SEIA), U.S., around 90% of all federal funding for energy efficiency goes to states that have comprehensive programs that use tax credits and other incentives for residents and businesses to invest in energy efficient products such as lighting systems installed on public roads or walkways.
The residential application segment is expected witness significant growth over the forecast period owing to increasing awareness among consumers regarding cost savings along with environmental benefits associated with solar-powered streetlight installations at homes or buildings complexes (other than municipal infrastructures).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in smart city development initiatives by various governments across countries such as China, Japan, and India. For instance, in 2015, China launched a national plan for building 100 smart cities by 2020 with integrated infrastructure systems and innovative technologies for urban residents’ wellbeing. Moreover, rising demand for energy-efficient lighting solutions from residential as well as commercial applications is anticipated to drive regional product demand over the next eight years.
North America accounted for more than 20% of global revenue share in 2017 owing to early adoption of solar street lights across U.S.
Growth Factors:
- Increasing demand for energy efficient lighting solutions
- Rising concerns over climate change and its impact on the environment
- Growing investments in smart city initiatives across the globe
- Proliferation of LED technology in solar street lighting systems
- Increasing awareness about the benefits of using solar-powered streetlights
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Solar Street Lighting Market Research Report
By Type
Programmable, Not Programmable
By Application
Municipal Infrastructure, Residential, Others
By Companies
Philips, Bisol, Leadsun, Lightinus, SOKOYO, HeiSolar, Yingli Solar, Bright Solar Solutions, Jiangsu KingSun Solar Power Technology Co., Ltd., Sunmaster
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Smart Solar Street Lighting Market Report Segments:
The global Smart Solar Street Lighting market is segmented on the basis of:
Types
Programmable, Not Programmable
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
Municipal Infrastructure, Residential, Others
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:
- Philips
- Bisol
- Leadsun
- Lightinus
- SOKOYO
- HeiSolar
- Yingli Solar
- Bright Solar Solutions
- Jiangsu KingSun Solar Power Technology Co., Ltd.
- Sunmaster
Highlights of The Smart Solar 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:
- Programmable
- Not Programmable
- By Application:
- Municipal Infrastructure
- Residential
- Others
- 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 Smart Solar 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?
Smart Solar Street Lighting is a new type of street lighting that uses solar energy to illuminate streets and sidewalks. The system consists of a network of LED lights installed on poles or posts, and an accompanying controller that manages the power usage and brightness levels. The lights can be turned on or off using a remote control, and they can also be dimmed or brightened depending on the time of day or weather conditions. Smart Solar Street Lighting is designed to reduce energy costs while providing improved safety and visibility for pedestrians
Some of the major companies in the smart solar street lighting market are Philips, Bisol, Leadsun, Lightinus, SOKOYO, HeiSolar, Yingli Solar, Bright Solar Solutions, Jiangsu KingSun Solar Power Technology Co., Ltd., Sunmaster.
The smart solar street lighting market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Solar 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 Smart Solar Street Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Solar 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 Smart Solar 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 Smart Solar Street Lighting Market Size & Forecast, 2020-2028
4.5.1 Smart Solar Street Lighting Market Size and Y-o-Y Growth
4.5.2 Smart Solar 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 Programmable
5.2.2 Not Programmable
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 Municipal Infrastructure
6.2.2 Residential
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Solar 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 Smart Solar 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 Programmable
9.6.2 Not Programmable
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 Municipal Infrastructure
9.10.2 Residential
9.10.3 Others
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 Programmable
10.6.2 Not Programmable
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 Municipal Infrastructure
10.10.2 Residential
10.10.3 Others
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 Programmable
11.6.2 Not Programmable
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 Municipal Infrastructure
11.10.2 Residential
11.10.3 Others
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 Programmable
12.6.2 Not Programmable
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 Municipal Infrastructure
12.10.2 Residential
12.10.3 Others
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 Programmable
13.6.2 Not Programmable
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 Municipal Infrastructure
13.10.2 Residential
13.10.3 Others
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 Smart Solar Street Lighting Market: Competitive Dashboard
14.2 Global Smart Solar Street Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 Bisol
14.3.3 Leadsun
14.3.4 Lightinus
14.3.5 SOKOYO
14.3.6 HeiSolar
14.3.7 Yingli Solar
14.3.8 Bright Solar Solutions
14.3.9 Jiangsu KingSun Solar Power Technology Co., Ltd.
14.3.10 Sunmaster
