According to the report, the Solar Street Lights market is predicted to achieve USD xxxx million by 2026. This report examines the status quo and projections of the global Solar Street Lights market and analyzes the Solar Street Lights market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Solar street lights are raised light sources which are powered by photovoltaic panels generally mounted on the lighting structure or integrated into the pole itself. The photovoltaic panels charge a rechargeable battery, which powers a fluorescent or LED lamp during the night.
The Solar Street Lights market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include Philips Lighting Holding B.V, Dragons Breath Solar, SOKOYO Solar Group, Sol Inc., Bridgelux Inc., Omega Solar, Solektra International, MarSunna Design, Yingli Solar, Leadsun VerySol GmbH, Urja Global Ltd., Solar Street Lights USA, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Solar Street Lights global market is poised to reach USD xxxx million in 2026 from USD xxxx million in 2019, with a CAGR of xxxx%.
Facilitating Factors:
Governments in different countries are encouraging the installation of solar street lights as a result of cost-efficient and eco-friendly nature, which is expected to propel the growth of the market. In addition, growing infrastructural projects, the increasing potential of solar technologies, and increasing demand for continuous power supply are also positively influencing the market growth. Technological advances in product design and reduced battery costs have greatly reduced the price of off-grid solar lighting components, increasing the use of Solar Street Lights. With the recovery of the global economy and the development of emerging powers, the Solar Street Lights market is endowed with a promising future.
The global Solar Street Lights market is broadly divided based on type, application, and region:
By type - Compact Fluorescent Lamps (CFL), Light Emitting Diodes (LED)
The Light Emitting Diodes (LED) segment held the largest market in 2018 and is expected to show growth over the estimated timeframe, owing to government initiatives regarding the adoption of renewable energy and resource optimization.
By application - Residential, Commercial, Industrial
The residential segment is expected to account for the largest market share during the forecast period, owing to an increase in residential societies along with the low maintenance cost of these systems.
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
Asia-Pacific was the largest market in 2018 and is expected to witness high growth during the forecast period, owing to government support and the development of the economy. North America and Europe are anticipated to show growth in the following years.
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Audience:
l Solar Street Lights manufacturers
l Solar Street Lights importers and exporters
l Solar Street Lights traders, distributors, and suppliers
l Raw material suppliers of Solar Street Lights
l Solar Street Lights industry associations
l Product managers, Solar Street Lights industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Government agencies and NGOs
What Information does this report contain?
l The report covers the prediction and analysis of the global Solar Street Lights market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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