GVR Report cover Solar Street Lighting Market Size, Share & Trends Report

Solar Street Lighting Market Size, Share & Trends Analysis Report By Type, By Application, By Lighting Sources, By Region, And Segment Forecasts, 2019 To 2025

  • Report ID: GVR4458
  • Number of Pages: 0
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Industry: Research

The global solar street lighting market is expected to witness significant growth over the forecast period. Outdoor lighting units employed in lighting streets or alleyways with the help of solar energy are called solar street lighting (SSL) having an autonomous mode of operation and eschewing external power grid needs. Voicing a cause of refreshing batteries for one working cycle, a mandatory requirement to protract sun’s reflection throughout the day and free from shade, the solar street lighting market is characterized by a rechargeable lead-acid battery for storage, PV modules for charging the battery and a light source, either a CFL or a LED.

Current marketing imperatives have raised global concerns of energy drain associated with conventional lighting systems and assuaging energy dissipation concerns coupled with an improvement on maintenance and efficiency of solar street lighting systems are proving to be instinctive drivers to the market.

Eschewing need of mandatory grid-connectivity to the area under consideration, an SSL has distinct advantages in providing trusted lighting to any terrain and mitigating costs of maintenance, along with consistent energy-savings and maintaining ecosystem by reducing carbon residues effectively boosting the solar street lighting market.

Based on type, the solar street lighting market is segmented into comprises standalone and on-grid. Based on the application, the market is segmented into residential, commercial, and industrial. Based on lighting sources, the market is segmented into compact fluorescent lamps (CFL) and light-emitting diodes (LEDs).

Segmentation by region comprises North America, Europe, Asia Pacific, MEA, and Latin America.

Asia Pacific was the leader in the market for street lighting solutions in 2015. India followed by China was instrumental in taking the Asia Pacific high in growth. Africa was the second-largest in the street lighting market with Kenya, Nigeria, Ghana, and South Africa initiating market trends with a demand for neat and clean off-grid electricity. Europe was the third-largest in terms of market share forecasted for 2015 with Germany and the U.K. sharing the market spoils. Africa is slated to augment upon the growth margins essayed by the Asia Pacific in 2018 due to initiatives and programs such as subsidies and campaigns introduced by World Bank and International Finance Corporation (IFC) to promote solar street lighting products.

As suggested by a news article dated Jul 2016, India is anticipated to witness a boom in solar street lighting market ready to touch billion-dollar mark by 2022. The reason being the escalation in infrastructure development viz: roads and highways and smart cities and smart homes driving the market.

The news adds that the solar street lighting market is in its infancy stages in India and is expected to scale growth over the next two years. New installation projects will see completion in a few years' time and many more projects to come in urban and rural India in the forecast period.

Smart cities and smart homes along with cloud penetration have placed the solar street lighting market further up the development ladder and due to long gestation ROI estimates, the solar street lighting model will be established with Public-private partnership (PPP) model giving further impetus to the market growth in India on a larger canvas.

The key industry players include Philips Lighting Holding B.V, Omega Solar, Bridgelux, inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna Design, Urja Global Ltd, Very Sol Gmbh and solar street lights.

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