Market Overview:
The global solar 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 and environment-friendly lighting solutions, rising concerns over climate change, and growing investments in smart city initiatives. The global solar street lighting market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into standalone systems and grid-connected systems. Grid-connected systems are further subsegmented into centralised systems and distributed systems. Centralised systems are those where all the components required for power generation (solar panels, batteries, inverters) are housed within a single unit or enclosure. Distributed systems comprise multiple small units that generate power individually and feed it back to a central point or controller unit. On the basis of application, municipal infrastructure accounted for majority share of the global solar street lighting market in 2017 owing to large scale deployment across various cities worldwide for illumination purposes such as streetscapes, parks & gardens etc., followed by residential applications which include courtyard lights/garden lights/driveway lights etc., commercial & industrial applications such as warehouses/factories/office complexes etc., transportation sector including airports/bus terminals/railways stations etc., educational institutions such as schools & colleges etc.
Product Definition:
Solar street lighting is a type of street lighting that uses solar panels to collect energy from the sun. This energy is then used to power the lights on the street. Solar street lighting is important because it helps reduce greenhouse gas emissions, and it also helps conserve energy.
Standalone:
Solar street lighting is a type of off-grid solar power system that provides light and electricity to rural areas. It is also known as stand-alone lighting or self-powering lighting. These systems are designed for applications where grid extension is not possible or practical. The primary users of such systems include municipalities, schools, hospitals, public walkways & roads, sports fields and parking areas among others.
Grid Connected:
The grid-connected solar street lighting market is expected to witness significant growth over the forecast period. This can be attributed to several factors such as growing energy demand, increasing government initiatives for clean and renewable energy, and rising awareness among consumers regarding environment protection.
Solar street lighting systems are gaining popularity owing to their eco-friendly nature that helps in reducing carbon footprints along with providing light for longer hours at low cost compared to conventional lights.
Application Insights:
Municipal infrastructure segment accounted for the largest revenue share of over 50% in 2017. The growth can be attributed to the increasing government expenditure on various infrastructure projects, such as roads, water supply and drainage systems. In addition, it is also driven by rapid urbanization leading to increased need for lighting in public areas such as walkways and roadways.
The residential application segment is expected to witness significant growth over the forecast period owing to rising demand from end-users for energy-efficient products with high performance features. Rising awareness regarding environment protection along with growing emphasis on reducing electricity costs by using solar streetlights has resulted in increased adoption of these products among consumers across countries including China, India and U.S.
Regional Analysis:
Asia Pacific regional solar street lighting market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for the adoption of clean energy sources in countries such as China, Japan, and India. For instance, in September 2016; The Energy Conservation Promotion Act 1992 (ENCON Act) was introduced in India with an objective to reduce carbon footprint by promoting alternative energy sources. Under this act; installation of solar street lights is encouraged by providing subsidies and other incentives. Moreover, rising awareness regarding environment protection along with growing crime rate has led authorities to increase security measures such as installation of these lights at public places which will further boost demand for the product over the next eight years.
North America region accounted for a share of more than 20% in 2017 owing to high demand from U.S.
Growth Factors:
- Increasing demand for energy efficient lighting solutions
- Government initiatives and regulations for promoting solar street lighting
- Rising awareness about the benefits of solar street lighting among end users
- Technological advancements in solar LED lights
- Reduction in prices of solar LED lights
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Street Lighting Market Research Report
By Type
Standalone, Grid Connected
By Application
Municipal Infrastructure, Residential, Others
By Companies
Philips, Leadsun, Solar Street Lights USA, SEPCO, Jiawei, Yingli Solar, SOKOYO, King-sun
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Solar Street Lighting Market Report Segments:
The global Solar Street Lighting market is segmented on the basis of:
Types
Standalone, Grid Connected
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
- Leadsun
- Solar Street Lights USA
- SEPCO
- Jiawei
- Yingli Solar
- SOKOYO
- King-sun
Highlights of The 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:
- Standalone
- Grid Connected
- 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 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?
Solar street lighting is a type of solar energy system that uses solar panels to generate electricity, and then directs the light onto the streets or sidewalks for public use. Solar street lighting systems can be used in urban areas, and can provide an alternative to traditional electric utility services.
Some of the major players in the solar street lighting market are Philips, Leadsun, Solar Street Lights USA, SEPCO, Jiawei, Yingli Solar, SOKOYO, King-sun.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Solar Street Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Solar Street Lighting Market Size & Forecast, 2020-2028
4.5.1 Solar Street Lighting Market Size and Y-o-Y Growth
4.5.2 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 Standalone
5.2.2 Grid Connected
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 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 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 Standalone
9.6.2 Grid Connected
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 Standalone
10.6.2 Grid Connected
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 Standalone
11.6.2 Grid Connected
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 Standalone
12.6.2 Grid Connected
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 Standalone
13.6.2 Grid Connected
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 Solar Street Lighting Market: Competitive Dashboard
14.2 Global Solar Street Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 Leadsun
14.3.3 Solar Street Lights USA
14.3.4 SEPCO
14.3.5 Jiawei
14.3.6 Yingli Solar
14.3.7 SOKOYO
14.3.8 King-sun
