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Solar Street Lighting Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21333

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Published on

July 2021

Total pages

127

Table of Content

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About the Report

About the Report

Solar street lights are present on street edges just like the traditional street lights but are powered by photovoltaic panels which is usually integrated in the light pole as well. The photovoltaic cells are connected to LED or fluorescent cells and contain a rechargeable battery.

Most solar panels can automatically turn on and off using an outdoor light sensor. Solar street lights charge using the solar energy during the day and turn on during the night. The batteries are designed to last the entire night. Some solar panels can last for more than one night after a single charge, these are used in less sunny places. In windy regions the solar panels are equipped with flat panels that helps them cope with the wind.

The latest solar panel designs are equipped with wireless technology which helps with battery management. This way each solar light can operate on and off network.

Based on type, the solar street lighting market is segmented into Standalone and On Grid. Amongst type, the on-grid segment of the solar street lighting market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

Based on component, the solar street lighting market is segmented into CFL and LED. Amongst component, LED segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

Based on end-user, the solar street lighting market is segmented into Residential, Commercial, and Industrial. The industrial segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027F.

For a better understanding of the market adoption of Solar Street Lighting Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Solar Street Lighting market on account of increasing adoption by government and its lower cost of maintenance.

Some of the major players operating in the market include VerySol Inc., Solar Street Lights USA, Dragons Breath Solar, Urja Global Ltd., Solektra International LLC, ABB Ltd., SOKOYO Solar Group, Sunna Design, Sol Inc., Philips Lighting Holding B.V. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Solar Street Lighting Market was valued at USD XX billion in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to USD XX billion in 2027. The Solar Street Lighting Market is expected to witness a boost on account of its high adoption in the Asia-Pacific region.

Products


Companies

VerySol Inc., Solar Street Lights USA, Dragons Breath Solar, Urja Global Ltd., Solektra International LLC, ABB Ltd., SOKOYO Solar Group, Sunna Design, Sol Inc., and Philips Lighting Holding B.V.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Solar Street Lighting Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Solar Street Lighting Market

2.1.1. Main Objective of the Solar Street Lighting Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 SOLAR STREET LIGHTING MARKET REVENUE, 2021-2027F

6 MARKET INSIGHTS BY TYPE

6.1. Standalone

6.2. On Grid

7 MARKET INSIGHTS BY COMPONENT

7.1. CFL

7.2. LED

8 MARKET INSIGHTS BY END-USER

8.1. Commercial

8.2. Industrial

8.3. Residential

9 MARKET INSIGHTS BY REGION

9.1. NORTH AMERICA SOLAR STREET LIGHTING MARKET

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. EUROPE SOLAR STREET LIGHTING MARKET

9.2.1. United Kingdom

9.2.2. Germany

9.2.3. France

9.2.4. Spain

9.2.5. Italy

9.2.6. Rest of Europe

9.3. ASIA-PACIFIC SOLAR STREET LIGHTING MARKET

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Rest of Asia-Pacific

9.4. REST OF THE WORLD SOLAR STREET LIGHTING MARKET

10 SOLAR STREET LIGHTING MARKET DYNAMICS

10.1. Drivers

10.2. Challenges

10.3. Impact Analysis

10.4. Opportunity

11 SOLAR STREET LIGHTING MARKET OPPORTUNITIES

12 SOLAR STREET LIGHTING MARKET TRENDS

13 DEMAND AND SUPPLY SIDE ANALYSIS

13.1. Demand Side Analysis

13.2. Supply Side Analysis

13.2.1. Top Product Launches

13.2.2. Top Business Partnerships

13.2.3. Top Business Expansions, Investments and Divestitures

13.2.4. Top Merger and Acquisitions

14 VALUE CHAIN ANALYSIS

15 COMPETITIVE SCENARIO

16 COMPANY PROFILED

16.1. VerySol Inc.

16.2. Solar Street Lights USA

16.3. Dragons Breath Solar

16.4. Urja Global Ltd.

16.5. Solektra International LLC

16.6. ABB Ltd.

16.7. SOKOYO Solar Group

16.8. Sunna Design

16.9. Sol Inc.

16.10. Philips Lighting Holding B.V.

17 DISCLAIMER

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