Lewes, DE -- (SBWire) -- 07/13/2018 --The worldwide market for Solar Street Lights is expected to grow at a CAGR of roughly 16.9% over the next five years, will reach 7530 million US$ in 2023, from 2950 million US$ in 2017, according to a new study.
Solar street lights are raised light sources which are powered by photovoltaic panels generally mounted on the lighting structure or integrated in the pole itself. The photovoltaic panels charge a rechargeable battery, which powers a fluorescent or LED lamp during the night.
Scope of the Report:
This report focuses on the Solar Street Lights in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Asia Pacific was the largest revenue market with a market share of 35.56% in 2012 and 38.93% in 2017 with an increase of 3.37%. Middle East and Africa ranked the second market with the market share of 27.51% in 2016. Also, the Asia Pacific market for Solar Street Lights is expected to be the market with the most promising growth rate. Rising per capita income of people in emerging economies such as China, India, Philippines, Thailand, and Vietnam has led to an increase in demand.
Solar Street Lights companies are mainly from Europe and United States, the industry concentrate rate is low. The top three companies are Philips, Tata Power Solar Systems, Jiawei, with the revenue market share of 6.31%, 3.04%, and 2.22% in 2016.
The growth of the Solar Street Lights market is largely driven by downstream applications. What is more, governments of numerous countries are encouraging the adoption of solar street lighting as they are eco-friendly and cost-efficient. Advanced solar street lighting systems save significant energy.
Although sales of Solar Street Lights brought some opportunities, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the Solar Street Lights field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.
The worldwide market for Solar Street Lights is expected to grow at a CAGR of roughly 16.9% over the next five years, will reach 7530 million US$ in 2023, from 2950 million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers
- Philips
- Tata Power Solar Systems
- Bisol
- Leadsun
- Su-Kam Power Systems
- Urja Global
- Solar Electric Power Company (SEPCO)
- Jiawei
- Yingli Solar
- King-sun
- BYD
- Shenzhen Spark Optoelectronics S&T
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Standalone
- Grid Connected
Market Segment by Applications, can be divided into
- Residential
- Municipal Infrastructure
- Others
There are 15 Chapters to deeply display the global Solar Street Lights market.
Chapter 1, to describe Solar Street Lights Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Solar Street Lights, with sales, revenue, and price of Solar Street Lights, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Solar Street Lights, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Solar Street Lights market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Solar Street Lights sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Spanning over 128 pages "Forecast of Global Solar Street Lights Market 2023" report covers Market Overview, Manufacturers Profiles, Global Solar Street Lights Market Competition, by Manufacturer, Global Solar Street Lights Market Analysis by Regions, North America Solar Street Lights by Countries, Type, Application and Manufacturers, Europe Solar Street Lights by Countries, Type, Application and Manufacturers, Asia-Pacific Solar Street Lights by Countries, Type, Application and Manufacturers, South America Solar Street Lights by Countries, Type, Application and Manufacturers, Middle East and Africa Solar Street Lights by Countries, Type, Application and Manufacturers, Global Solar Street Lights Market Segment by Type, Global Solar Street Lights Market Segment by Application, Solar Street Lights Market Forecast (2018-2023), Sales Channel, Distributors, Traders and Dealers, Research Findings and Conclusion, Appendix.
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