Solar LED Street Lighting Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2020 -2027
This report provides detailed historical analysis of global market for Solar LED Street Lighting from 2014-2019, and provides extensive market forecasts from 2020-2027 by region/country and subsectors.
Vancouver, BC -- (SBWire) -- 03/16/2021 --The latest report on the Solar LED Street Lighting market closely surveys, examines and offers vital statistics on the Solar LED Street Lighting market for the forecast period 2020 - 2027. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.
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.
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Furthermore, application of Porters Five Forces Analysis to determine the status of various aspects such as the capability of both the suppliers and customers, threats posed by different substitutes, the intensity of competition and promising new vendors makes the study a valuable resource. The researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the Solar LED Street Lighting market for the forecast period, 2020 to 2027. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.
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.
Due to the advantages, such as less maintenance, uniform mounting, long service life, ecofriendly, and no RF interference, the light pole segment is expected to dominate the market with a CAGR of 13.4%.
Over the forecast timeframe, the industrial sector is anticipated to hold the largest market due to the emergence of advanced sensor-based network firms, along with a rise in on-site energy production.
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.
You Can Download Free Sample PDF Copy of Solar LED Street Lighting Market at https://www.emergenresearch.com/request-sample/232
Product Outlook (Revenue, USD Billion; 2017-2027)
Grid Connected
Standalone
Component Outlook (Revenue, USD Billion; 2017-2027)
Solar Cell
Light Pole
LED lamps
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Residential
Industrial
Commercial
Helping you establish a strong foothold in the industry
The Solar LED Street Lighting report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
Apart from the above mentioned content the researchers go an extra mile to define the distinct usage occasions and lists the customer segments to leverage the brand and identify future opportunities. Besides, the subject matter expert segment the target customers purely based on their consumption patterns.
Regional Outlook (Revenue, USD Million; 2017–2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table of Content
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
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
Chapter 5. Solar LED Street Lighting Market By Product Type Insights & Trends, Revenue (USD Million)
Chapter 6. Solar LED Street Lighting Market By Application Insights & Trends Revenue (USD Million)
Chapter 7. Solar LED Street Lighting Market Regional Outlook
Continued…
Media Relations Contact
John Watson
Emergen Research
1-604-757-9756
https://www.emergenresearch.com/
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