The global demand for Solar Street Lighting Market is presumed to reach the market size of nearly USD 21.05 BN by 2030 from USD 5.9 BN in 2022 with a CAGR of 17.23% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Units in 2022 and forecast to touch XX Units by 2030 with a CAGR of XX% during 2023-2030.
Solar street lighting refers to a system of street lighting that utilizes solar panels mounted on lighting structures, such as poles or rooftops, to harness sun energy and convert it into electricity. This electricity is then used to power LED (light-emitting diode) or other energy-efficient light sources, providing illumination for streets, roads, pathways, and other outdoor areas.
The Solar street lighting market is experiencing robust growth driven by a convergence of factors that emphasize the adoption of sustainable and energy-efficient street lighting solutions. This trend is especially notable in urban and rural areas. Key drivers include: Solar street lighting systems, with their use of LED lights and renewable solar energy, offer a highly energy-efficient alternative to conventional street lighting, resulting in substantial cost savings. Concerns over environmental impact and carbon emissions reduction are fueling the transition to solar-powered street lighting, which reduces reliance on fossil fuels and contributes to sustainability goals. The ongoing global trend of urbanization has increased the demand for street lighting in cities. Solar streetlights provide an independent lighting solution that alleviates strain on existing power grids. Solar street lighting is particularly suitable for remote and off-grid locations with limited access to traditional electricity sources, providing reliable lighting without extensive infrastructure development. Government incentives and policies promoting renewable energy adoption and energy-efficient lighting solutions encourage the deployment of solar street lights. Solar street lighting offers long-term cost savings, with minimal operational and maintenance expenses once installed, including no electricity bills and reduced maintenance efforts. Advances in solar panel efficiency, battery technology, and LED lighting enhance system performance and reliability. Solar streetlights improve security and safety by creating well-lit environments, reducing accident risks, and enhancing public safety. These systems are adaptable and scalable, suitable for various lighting requirements and locations. Solar streetlights ensure energy independence, reducing vulnerability to power outages and grid failures.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of solar street lighting. The growth and trends of Solar Street Lighting Industry provide a holistic approach to this study.
This section of the solar street lighting market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Туре
By Luminaire Type
By Component
By Application
This section covers the regional outlook, which accentuates current and future demand for the Solar Street Lighting market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the solar street lighting market include VerySol Inc., Solar Street Lights USA, Dragons Breath Solar, Urja Ltd., Solektra International LLC., Bridgelux Inc., SOKOYO Solar Group, Sunna Design, Sol Inc., Signify Holding, Omega Solar, SolarOne Solutions Inc., Hitechled. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SOLAR STREET LIGHTING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Туре
3.7.2 Market Attractiveness Analysis By Luminaire Type
3.7.3 Market Attractiveness Analysis By Component
3.7.4 Market Attractiveness Analysis By Application
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL SOLAR STREET LIGHTING MARKET ANALYSIS BY ТУРЕ
5.1 Overview by Туре
5.2 Historical and Forecast Data
5.3 Analysis by Туре
5.4 Portable Historic and Forecast Sales by Regions
5.5 Standalone Historic and Forecast Sales by Regions
5.6 Centralized Historic and Forecast Sales by Regions
5.7 Others Historic and Forecast Sales by Regions
6 . GLOBAL SOLAR STREET LIGHTING MARKET ANALYSIS BY LUMINAIRE TYPE
6.1 Overview by Luminaire Type
6.2 Historical and Forecast Data
6.3 Analysis by Luminaire Type
6.4 LED Historic and Forecast Sales by Regions
6.5 CFL Historic and Fore ...
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