Solar Street Lighting Market to witness high growth in near future
Category: #business  By Ashwin Naphade  Date: 2019-09-11
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Solar Street Lighting Market to witness high growth in near future

The Solar Street Lighting Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

Solar Street Lighting Market is expected to surpass USD 5 billion by 2024. Government norms to reduce the greenhouse gas emissions across the key economic sectors will drive industry growth. Favorable measures toward development of sustainable technologies along with minimal environmental impact will further enhance the product penetration. In 2016, United Nations Framework Convention on Climate Change (UNFCCC) signed Paris Climate agreement to reduce GHG emissions.

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Increasing demand for clean electricity across developing countries along with growing Purchasing Power Parity will stimulate the market. Lack of grid connectivity, increasing demand for grid electricity and growing energy demand will further complement the solar street lighting market.

 Nigeria market is anticipated to reach over USD 200 million by 2024. Introduction of government initiatives toward development of renewable technologies and increasing foreign spending toward development of energy sector will fuel the industry landscape. African Development Bank (AFDB) and World bank are some of the major stakeholders in nation's ongoing economic development. According to International Monetary Fund, Nigeria has witnessed a positive GDP growth four consecutive quarters due to growth plan introduced by government and economic recovery.

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Technological innovation in solar panel and battery design to reduce the product cost will propel the solar street lighting Market. Growing economies of scale, increasing demand for clean electricity and introduction of government subsidies are some of predominant features which will boost product demand. For instance, in 2017, the prices of solar PV module decreased by more than 80% from 2010.

 Increasing demand for clean electricity across developing countries along with growing Purchasing Power Parity will stimulate the solar street lighting Market. Lack of grid connectivity, increasing demand for grid electricity and growing energy demand will further complement the solar street lighting market.

Long life span, ecological operation, low emission rate and energy efficiency are some of the key factors which will fuel the demand for Light Emitting Diode Market. Favorable measures to eliminate the harmful effects of Mercury coupled with declining product prices will further complement the industry outlook.

Standalone solar street lighting market is anticipated to witness significant growth owing to growing product penetration across the off-grid areas. Introduction of several government plans to promote the adoption of renewable technologies across the Asia-Pacific and Africa will augment the business growth. Increasing investment toward the electrification of remote and off grid areas will further boost product penetration.

Major players across the solar street lighting market include Solar Lighting International, Leadsun, Jinhua SunMaster, Urja, Sol, Philips, SOKOYO, Bridgelux, Bisol, Greenshine, Zhuhai Bomin, Su-Kam, Exide, Omega, Anhui Longvolt, Covimed, Solux, Dragons Breath, Shenzhen Spark Optoelectronics, Sunna, Orion, SEPCO, Solar G and Solar Street Lights USA.

 Partial Table of Contents (ToC) of the report:

Chapter 4: Solar Street Lighting Market, By Product

4.1. Solar street lighting market share by product, 2017 & 2024

4.2. Standalone

4.2.1. Global market estimates and forecast from standalone, 2013 - 2024

4.2.2. Global market volume, by region from standalone, 2013 - 2024

4.2.3. Global market revenue, by region form standalone, 2013 - 2024

4.3. Grid-connected

4.3.1. Global market estimates and forecast from grid-connected, 2013 - 2024

4.3.2. Global market volume, by region from grid-connected, 2013 - 2024

4.3.3. Global market revenue, by region from grid-connected, 2013 - 2024

Chapter 5: Solar Street Lighting Market, By Luminaries

5.1. Solar street lighting market share by luminaries, 2017 & 2024

5.2. LED

5.2.1. Global market estimates and forecast from LED, 2013 - 2024

5.2.2. Global market estimates, by region from LED, 2013 - 2024

5.2.3. Global market estimates, by region from LED, 2013 - 2024

5.3. CFL

5.3.1. Global market estimates and forecast from CFL, 2013 - 2024

5.3.2. Global market estimates, by region from CFL, 2013 - 2024

5.3.3. Global market estimates, by region from CFL, 2013 - 2024

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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