Global Solar Street Lighting Market Analysis and Forecast 2013-2017 & 2023: LED Lighting Witnessed a Significant Growth Rate of 40.6% During 2013-2016 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Solar Street Lighting Market Analysis and Forecast to 2023"
report has been added to Research and Markets' offering.

As per the findings of the research, standalone type held larger share
of solar street lighting market as compared to the on-grid type. The
designers of these lights have been searching for more efficient and
heat resistant design solutions for these lights. Rapid transformations
taking place in the solar street lighting market have made these lights
more user-friendly. Several design modifications have led to improvement
in the working of standalone models, consequently making them more
popular among buyers.

Among the various application areas of solar street lighting market,
commercial application has been the largest contributor. whereas among
the lighting types, LED lighting witnessed a significant growth rate of
40.6% during 2013 – 2016. In terms of volume sales, the global solar
street lighting market will witness fastest growth in residential
applications.

Asia-Pacific has been the largest solar street lighting market, whereas
MEA is expected to witness the fastest growth among all the regions. The
fastest growth in MEA market can be attributed to increasing government
support, constantly increasing energy costs, rise in demand of
electricity, surging demand for renewable lighting sources, and
increasing awareness amongst citizens about benefits associated with the
use of solar street lighting over traditional lighting sources.

Due to the presence of harsh climatic conditions in MEA, the standalone
lightings were more preferred and formed larger market as compared to
on-grid. The World Bank and International Finance Corporation are
collectively making efforts for upliftment of several countries in MEA
by providing funds for developing the lighting and power industries and
setting up solar street lights in these countries.

The surging urbanization in developing countries has been leading to the
rise in demand for energy, and governments of various countries are
supporting eco-friendly methods of producing energy. This is
consequently driving the demand for solar street lights globally. The
technology in solar street lights are continuously improving over the
years, and are expected to make further advancements with supportive
government regulations and product innovation.

Some of the other major companies operating in this market includes
Koninklijke Philips N.V., Sunna Design, Omega Solar, Su-Kam Power
Systems Ltd., Urja Global Ltd and Sokoyo Solar Group.

Key Topics Covered:

1. Research Background

2. Research Methodology

3. Executive Summary

4. Introduction

5. Market Size and Forecast by Lighting Type

6. Market Size and Forecast by Product Type

7. Market Size and Forecast by Application

8. Market Size and Forecast by Geography

9. Competitive Landscape

10. Company Profiles

• Carmanah Technologies Corp.
• Dragons Breath Solar
• Koninklijke Philips N.V.
• Omega Solar
• Sokoyo Solar Group
• Solar Street Lights USA
• Solektra International
• Su-Kam Power Systems Ltd.
• Sunna Design
• Urja Global Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/jwwlj5/global_solar?w=4

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Topics: Lighting
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