Solar LED Street Lighting Market Size, Share, Segments, Trend, Statistics, Manufacturers by 2027
- elizabethsanchez28
- Jul 5, 2021
- 4 min read
The global Solar LED Street Lighting Market is forecasted to be worth USD 13.89 Billion by 2027, according to a new report by Emergen Research. The solar LED street lighting market is anticipated to grow significantly owing to the growing need for energy-efficient lighting systems and the rising integration of the IoT with lighting systems. The increase in energy usage globally is another factor for the substantial growth in the global solar LED street lighting market.
The report is furnished with the impact of the current COVID-19 pandemic. The pandemic is rearranging every aspect of the market from the global economic scenario to product demands and supply chains. The report assesses the hardest-hit sectors of the industry to offer a better understanding of the changes in the Solar LED Street Lighting market. The report is updated with the initial and future assessment of the impact of the COVID-19 pandemic on the Global Solar LED Street Lighting Market.
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Key Highlights From The Report
· In June 2019, Signify N.V. was installed 20 Philips SunStay solar street lights in Infanta Elena Park in Seville, Spain, in one housing, these solar lights have an integrated solar panel, luminaire, charge controller, and battery. These lights are also compact and easy to assemble and require less maintenance.
· Due to certain government influence, such as feed-in tariff and net metering, the grid-connected system is anticipated to witness significant growth over the forecast timeframe.
· The commercial segment is expected to see significant market growth due to solar LED street lighting systems' benefits in commercial applications, including no wire theft, easy installation and maintenance, no wire laying operation or complex power facilities needed, and cost-saving.
· During the forecast period, the Asia Pacific region is expected to hold the largest market with a CAGR of 13.7%. The increasing government initiative to use energy-efficient lighting technologies with decreased product cost and a growing number of manufacturing facilities. Market growth is anticipated to be further driven by the rise of solar projects, along with the demand for improved renewable energy systems.
· Key participants include Su-Kam Power Systems Ltd., Sunna Design Inc., Dragon's Breath Solar, Bridgelux, Inc., Greenshine New Energy LLC, Signify Holding B.V., Solar Lighting International Inc, Anhui Longvolt Energy Co. Ltd., BISOL Group, d.o.o., and Orion Solar among others.
Market Segmentation:
Emergen Research has segmented the global Solar LED Street Lighting Market on the basis of product, component, end-use, and region:
· Product Outlook (Revenue, USD Billion; 2017-2027)
o Grid Connected
o Standalone
· Component Outlook (Revenue, USD Billion; 2017-2027)
o Solar Cell
o Light Pole
o LED lamps
· End-Use Outlook (Revenue, USD Billion; 2017-2027)
o Residential
o Industrial
o Commercial
The most prominent geographical segments covered in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Fundamental Market Parameters Elucidated in the Report:
Market dynamics: The Solar LED Street Lighting market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.
Competitive Outlook: The established market players operating in the Solar LED Street Lighting industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the Solar LED Street Lighting industry, the leading players are focusing more on offering products at rational prices.
Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Solar LED Street Lighting market.
Table Of Content:
Chapter 1. Methodology & Components 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Components 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Components 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Key Insights Chapter 4. Solar LED Street Lighting Market Segmentation & Impact Analysis 4.1. Solar LED Street Lighting Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing government initiative to implement smart city 4.2.2.2. Rising adoption of IoT 4.2.2.3. Growing use of energy-saving lighting systems 4.2.3. Market restraints analysis 4.2.3.1. High setup cost 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
Chapter 5. Solar LED Street Lighting Market By Product Insights & Trends, Revenue (USD Billion) 5.1. Product Dynamics & Market Share, 2019 & 2027 5.1.1. Grid Connected 5.1.2. Standalone
CONTINUED…!
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