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Solar Street Lighting Market - Global Industry Analysis

Solar Street Lighting Market by Lighting Source (Light Emitting Diode (LED) and Compact Fluorescent Lamps (CFL)), by Type (Standalone and Grid Connected), and by Application (Industrial, Residential, and Commercial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 10-Aug-2018 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2580 Status : Published

Global solar street lighting market expected to generate revenue of around USD 18.31 billion by the end of 2024, growing at a CAGR of around 23.2% between 2018 and 2024. Solar street lights are the light sources powered by photovoltaic panels mounted on the integrated pole. These lights are widely used for outdoor street lighting as solar power is their primary source of energy.

Description

The report covers forecast and analysis for the solar street lighting market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the solar street lighting market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the solar street lighting market on a global level.

In order to give the users of this report a comprehensive view of the solar street lighting market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein material recovery segment and source type segment are benchmarked based on their market size, growth rate, and general attractiveness.

Global Solar Street Lighting Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, product portfolio of various companies according to region.

The study provides a decisive view of the solar street lighting market by segmenting the market based on material recovery, source type, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for solar street lighting market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players such as Philips Lighting Holding B.V, Dragons Breath Solar, SOKOYO Solar Group, Sol Inc., Bridgelux Inc. are some of the leading names in the global solar street lighting market. Some of the other companies include Omega Solar, Solektra International, MarSunna Design, Yingli Solar, Leadsun VerySol GmbH, Urja Global Ltd., and Solar Street Lights USA.

This report segments the global solar street lighting market as follows:

Global Solar Street Lighting Market: Lighting Source Segment Analysis

  • Light Emitting Diode (LED)
  • Compact Fluorescent Lamps (CFL)

Global Solar Street Lighting Market: Type Segment Analysis

  • Standalone
  • Grid Connected

Global Solar Street Lighting Market: Application Segment Analysis

  • Industrial
  • Residential
  • Commercial

Global Solar Street Lighting Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global solar street lighting market, 2015 - 2024 (USD Million)
    • 2.2. Global solar street lighting market: snapshot
  •  
  • Chapter 3. Solar street lighting Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Increasing government initiatives to introduce several schemes providing subsidies for the implementation of solar lighting systems.
      • 3.2.2. Growing infrastructural projects has created bulk demand for solar lighting
      • 3.2.3. Increasing potential of solar technologies and rising demand for continuous power supply
    • 3.3. Market Restraints
      • 3.3.1. Lack of awareness of the new technologies
    • 3.4. Opportunities
      • 3.4.1. opportunities for target of employing green solutions and eradicate the emissions level step by step
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by lighting source segment
      • 3.6.2. Market attractiveness analysis, by type segment
      • 3.6.3. Market attractiveness analysis, by application segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Solar street lighting Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global solar street lighting market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Solar street lighting Market- Lighting Source Segment Analysis
    • 5.1. Global solar street lighting market: lighting source overview
      • 5.1.1. Global solar street lighting market revenue share, by lighting source, 2017 and 2024
    • 5.2. Light Emitting Diode (LED)
      • 5.2.1. Global solar street lighting market for light emitting diode market, 2015 - 2024 (USD Million)
    • 5.3. Compact Fluorescent Lamps (CFL)
      • 5.3.1. Global solar street lighting market for compact fluorescent market, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Solar street lighting Market- Type Segment Analysis
    • 6.1. Global solar street lighting market: source type overview
      • 6.1.1. Global solar street lighting market revenue share, by type, 2017 and 2024
    • 6.2. Standalone
      • 6.2.1. Global solar street lighting market for standalone market, 2015 - 2024 (USD Million)
    • 6.3. Grid Connected
      • 6.3.1. Global solar street lighting market for grid connected market, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global Solar street lighting Market- Application Segment Analysis
    • 7.1. Global solar street lighting market: source type overview
      • 7.1.1. Global solar street lighting market revenue share, by application, 2017 and 2024
    • 7.2. Industrial
      • 7.2.1. Global solar street lighting market for industrial market, 2015 - 2024 (USD Million)
    • 7.3. Residential
      • 7.3.1. Global solar street lighting market for residential market, 2015 - 2024 (USD Million)
    • 7.4. Commercial
      • 7.4.1. Global solar street lighting market for commercial market, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Global Solar street lighting Market- Regional Segment Analysis
    • 8.1. Global solar street lighting market: regional overview
      • 8.1.1. Global solar street lighting market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
      • 8.2.2. North America solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
      • 8.2.3. North America solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.2.4.2. U.S. solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.2.4.3. U.S. solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.2.5.2. Canada solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.2.5.3. Canada solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.2.6.2. Mexico solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.2.6.3. Mexico solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
      • 8.3.2. Europe solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
      • 8.3.3. Europe solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.4. UK
        • 8.3.4.1. UK solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.3.4.2. UK solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.4.3. UK solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.3.5.2. Germany solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.5.3. Germany solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.3.6.2. France solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.6.3. France solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.7. Spain
        • 8.3.7.1. Spain solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.3.7.2. Spain solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.7.3. Spain solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.8. Russia
        • 8.3.8.1. Russia solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.3.8.2. Russia solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.8.3. Russia solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.9. Italy
        • 8.3.9.1. Italy solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.3.9.2. Italy solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.3.9.3. Italy solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
      • 8.4.2. Asia Pacific solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
      • 8.4.3. Asia Pacific solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.4.4.2. China solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.4.3. China solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.4.5.2. Japan solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.5.3. Japan solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.4.6.2. India solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.6.3. India solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.4.7.2. Southeast Asia solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.7.3. Southeast Asia solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.8. Australia
        • 8.4.8.1. Australia solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.4.8.2. Australia solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.8.3. Australia solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.4.9.2. South Korea solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.4.9.3. South Korea solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
      • 8.5.2. Latin America solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.5.4.2. Brazil solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.5.4.3. Brazil solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East and Africa solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East and Africa solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.6.4.2. GCC Countries solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.6.4.3. GCC Countries solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa solar street lighting market revenue, by lighting source, 2015 - 2024 (USD Million)
        • 8.6.5.2. South Africa solar street lighting market revenue, by type, 2015 - 2024 (USD Million)
        • 8.6.5.3. South Africa solar street lighting market revenue, by application, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Philips Lighting Holding B.V
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Dragons Breath Solar
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. SOKOYO Solar Group
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Bridgelux In
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Omega Solar
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Solektra International
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. MarSunna Design
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Yingli Solar
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Leadsun VerySol GmbH
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
    • 9.10. Urja Global Ltd
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
    • 9.11. Solar Street Lights USA
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy

List of Figures 

1. Market research process
2. Market research methodology
3. Global solar street lighting market revenue, 2015 – 2024 (USD Million) 
4. Porter’s five forces analysis
5. Solar street lighting market attractiveness analysis, by lighting source segment
6. Solar street lighting market attractiveness analysis, by type segment
7. Solar street lighting market attractiveness analysis, by application segment
8. Solar street lighting market: market attractiveness analysis, by regional segment
9. Company market share analysis, 2017 
10. Global solar street lighting market revenue share by lighting source, 2017 and 2024
11. Global solar street lighting market for light emitting diode, 2015 – 2024 (USD Million)
12. Global solar street lighting market for compact fluorescent lamps market, 2015 – 2024 (USD Million) 
13. Global solar street lighting market revenue share by type, 2017 and 2024
14. Global solar street lighting market for standalone market, 2015 – 2024 (USD Million)
15. Global solar street lighting market for grid connected market, 2015 – 2024 (USD Million)
16. Global solar street lighting market revenue share by application, 2017 and 2024
17. Global solar street lighting market for industrial market, 2015 – 2024 (USD Million)
18. Global solar street lighting market for residential market, 2015 – 2024 (USD Million)
19. Global solar street lighting market for commercial market, 2015 – 2024 (USD Million)


List of Tables

1. Solar street lighting market: market snapshot                                                                                                                        
2. Drivers of global solar street lighting market: impact analysis 
3. Restraints of global solar street lighting market: impact analysis  
4. North America solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
5. North America solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
6. North America solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
7. U.S. solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
8. U.S. solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
9. U.S. Solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
10. Canada solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
11. Canada solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
12. Canada solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
13. Mexico Solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million) 
14. Mexico solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
15. Mexico solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
16. Europe solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
17. Europe solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
18. Europe solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
19. UK solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
20. UK solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
21. UK solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
22. Germany solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
23. Germany Solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
24. Germany solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
25. France solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
26. France solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
27. France solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
28. Spain solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million) 
29. Spain solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
30. Spain solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
31. Russia solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million) 
32. Russia solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
33. Russia solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
34. Italy solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million) 
35. Italy solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
36. Italy solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
37. Asia Pacific solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
38. Asia Pacific solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
39. Asia Pacific solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
40. China solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
41. China solar street lighting market revenue, by type, 2015 – 2024 (USD Million) 
42. China solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
43. Japan solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
44. Japan solar street lighting market revenue, by type, 2015 – 2024 (USD Million) 
45. Japan solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
46. India solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
47. India solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
48. India solar street lighting market revenue, by application, 2015 – 2024 (USD Million)  
49. Southeast Asia solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
50. Southeast Asia solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
51. Southeast Asia solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
52. South Korea solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
53. South Korea solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
54. South Korea solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
55. Australia solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million) 
56. Australia solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
57. Australia solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
58. Latin America solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
59. Latin America solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
60. Latin America solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
61. Brazil solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
62. Brazil solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
63. Brazil solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
64. Middle East and Africa solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
65. Middle East and Africa solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
66. Middle East and Africa solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
67. GCC Countries solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
68. GCC Countries solar street lighting market revenue, by type, 2015 – 2024 (USD Million)
69. GCC Countries solar street lighting market revenue, by application, 2015 – 2024 (USD Million)
70. South Africa solar street lighting market revenue, by lighting source, 2015 – 2024 (USD Million)
71. South Africa solar street lighting market revenue, by type, 2015 – 2024 (USD Million) 
72. South Africa solar street lighting market revenue, by application, 2015 – 2024 (USD Million)

Methodology

Free Analysis

Lighting mechanism that excludes the regular power supply of electricity and functions completely on the solar energy is termed as solar lighting systems. The internal structure of the solar-based street lighting system comprises PV (photovoltaic) modules for battery charging, light emitting diodes (LED), compact fluorescent lamp, light source, and re-chargeable lead acid battery for storage and other electronics hardware to complete the circuit. Solar photovoltaic modules are anticipated to have 15-20 years of service life. The operation of these solar street lights can be automatic with the integration of high standard sensors, which from dusk to dawn remains in operating mode or by simply setting up and adjusting the timer. Tubular batteries which provide solar lighting systems require low maintenance which leads to a long life.

Government initiatives to utilize alternate source to power systems and reduce the depletion of fossil fuels which are used for generating electricity is likely to be the key factor responsible for the growth of the solar street lighting market. For instance, an initiative taken by the Government of India called as the Prakash Path replaced approximately 35 million street lights and 770 million incandescent bulbs with LED bulbs. In addition to this, Electric Vine Industries partnership with ENGIE in 2017, declared an investment of approximately USD 200 million for the installation of solar microgrids in Indonesia. Growing infrastructural projects leads to the rising demand for solar street lights which can be used in parking lots, pathways, and others. Moreover, increasing potential of solar technologies and increasing demand for continuous power supply will positively boost the market growth. Furthermore, technological innovations in the design of the product and declining cost of battery have positively reduced the prices of solar lightening components making them an alternative for households and municipalities. Such factors tend to positively impact the market growth.

Global Solar Street Lighting Market

Based on the lighting source, the solar street lighting market is segmented into the light emitting diode and compact fluorescent lamps. On the basis of type, the market is segmented into standalone and grid connected. Based on the application, the market is segmented into industrial, residential, and commercial.

The Asia Pacific held significant revenue share in 2017 and is anticipated to continue its regional dominance over the forecast period. The region offers great opportunities for the market players; several governments are on the run towards the target of employing green solutions and eradicating the emissions level step by step. Other regions such as the Middle East & Africa show a considerable inclination in the solar street lighting. This rise in inclination is expected to boost the overall growth of the market in this region. Moreover, North America and Europe are majorly focusing on the maximizing the utilization of solar energy which tends to positively impact the market growth in this region.

Some of the industry players operating in the solar street lighting market include Philips Lighting Holding B.V, SOKOYO Solar Group, Sol Inc., Dragons Breath Solar, Bridgelux, Omega Solar, MarSunna Design Inc., Urja Global Ltd., Solektra International, Leadsun VerySol GmbH, Solar Street Lights USA, and Yingli Solar 

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