LED Solar Street Lighting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Solar street lights are widely used for outdoor street lighting as the main power source is solar energy. Independent of conventional energy sources, these lighting media operate in standalone mode, eliminating the need for a common power grid for all power needs. A self-contained photovoltaic street lighting system consists of rechargeable lead-acid batteries for storage, light-emitting diodes (LEDs), appropriate electronics to operate the stamps, safely charge and discharge the batteries, and these sub-systems. Consists of mechanical hardware to mount the system.
MARKET DYNAMICS
Applications for solar street lighting solutions can be found in areas such as residential, commercial and industrial. Among these, the commercial segment is expected to lead the global market due to increasing initiatives for the utilization of solar lighting by governments and institutions. Today, solar streetlight solutions are used in streets, driveways and various other commercial facilities. Rising demand for solar lighting in areas such as parking lots, sidewalks, subways, perimeter security lighting, and public area lighting is also boosting the growth of this segment. Growing global citizenship awareness of the burden of using conventional light sources has greatly encouraged a switch to greener solutions.
MARKET SCOPE
The "Global LED Solar Street Lighting Market Analysis to 2028" is a specialized and in-depth study of the LED solar street lighting market with a special focus on the global market trend analysis. The report aims to provide an overview of the LED solar street lighting market with detailed market segmentation by type, application, and geography. The global LED solar street lighting' market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading LED solar street lighting market players and offers key trends and opportunities in the LED solar street lighting' market.
MARKET SEGMENTATION
The global LED solar street lighting market is segmented based on by type and application. Based on its type, LED solar street lighting' market can be segmented into standalone, and grid connected. Based on application, LED solar street lighting' market can be segmented into commercial and industrial.
.
IMPACT OF COVID-19 ON LED SOLAR STREET LIGHTING MARKET
The outbreak of COVID-19 stagnated the world and disrupted businesses around the world. Solar energy has grown significantly over the last two decades. However, the crisis caused by COVID-19 has greatly disrupted this dynamics. Governments will play an important role in addressing these challenges and setting the pace of solar energy adoption in the near future. The pandemic-affected entire PV industry and its uncertain future are of concern to many companies. And because China is the largest market for solar power, the slowdown in its economic growth is affecting overall renewable energy production and investment in the world.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LED Solar Street Lighting Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LED Solar Street Lighting Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting LED Solar Street Lighting Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LED solar street lighting market in these regions.
By Type
By Application
MARKET PLAYERS
The reports cover key developments in the LED solar street lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from LED solar street lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for LED solar street lighting market. Below mentioned is the list of few companies engaged in the LED solar street lighting market.
The report also includes the profiles of key LED solar street lighting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Solar street lights are widely used for outdoor street lighting as the main power source is solar energy. Independent of conventional energy sources, these lighting media operate in standalone mode, eliminating the need for a common power grid for all power needs. A self-contained photovoltaic street lighting system consists of rechargeable lead-acid batteries for storage, light-emitting diodes (LEDs), appropriate electronics to operate the stamps, safely charge and discharge the batteries, and these sub-systems. Consists of mechanical hardware to mount the system.
MARKET DYNAMICS
Applications for solar street lighting solutions can be found in areas such as residential, commercial and industrial. Among these, the commercial segment is expected to lead the global market due to increasing initiatives for the utilization of solar lighting by governments and institutions. Today, solar streetlight solutions are used in streets, driveways and various other commercial facilities. Rising demand for solar lighting in areas such as parking lots, sidewalks, subways, perimeter security lighting, and public area lighting is also boosting the growth of this segment. Growing global citizenship awareness of the burden of using conventional light sources has greatly encouraged a switch to greener solutions.
MARKET SCOPE
The "Global LED Solar Street Lighting Market Analysis to 2028" is a specialized and in-depth study of the LED solar street lighting market with a special focus on the global market trend analysis. The report aims to provide an overview of the LED solar street lighting market with detailed market segmentation by type, application, and geography. The global LED solar street lighting' market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading LED solar street lighting market players and offers key trends and opportunities in the LED solar street lighting' market.
MARKET SEGMENTATION
The global LED solar street lighting market is segmented based on by type and application. Based on its type, LED solar street lighting' market can be segmented into standalone, and grid connected. Based on application, LED solar street lighting' market can be segmented into commercial and industrial.
.
IMPACT OF COVID-19 ON LED SOLAR STREET LIGHTING MARKET
The outbreak of COVID-19 stagnated the world and disrupted businesses around the world. Solar energy has grown significantly over the last two decades. However, the crisis caused by COVID-19 has greatly disrupted this dynamics. Governments will play an important role in addressing these challenges and setting the pace of solar energy adoption in the near future. The pandemic-affected entire PV industry and its uncertain future are of concern to many companies. And because China is the largest market for solar power, the slowdown in its economic growth is affecting overall renewable energy production and investment in the world.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global LED Solar Street Lighting Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The LED Solar Street Lighting Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting LED Solar Street Lighting Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the LED solar street lighting market in these regions.
LED Solar Street Lighting Market Report Analysis
LED Solar Street Lighting Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- VerySol GmbH
- Philips Lighting Holding B.V.
- Bridgelux, Inc.
- Omega Solar
- Dragons Breath Solar
- Solektra International
- SOKOYO Solar Group
- Sunna Design
- Solar Street Lights USA
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Type
- Standalone
- Grid Connected
By Application
- Commercial
- Industrial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the LED solar street lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from LED solar street lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for LED solar street lighting market. Below mentioned is the list of few companies engaged in the LED solar street lighting market.
The report also includes the profiles of key LED solar street lighting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bridgelux, Inc.
- Dragons Breath Solar
- Omega Solar
- Philips Lighting Holding B.V.
- SOKOYO Solar Group
- Solar Street Lights USA
- Solektra International
- Sunna Design
- Urja Global Ltd.
- VerySol GmbH
LED Solar Street Lighting Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1.VerySol GmbH
2.Philips Lighting Holding B.V.
3.Bridgelux, Inc.
4.Omega Solar
5.Dragons Breath Solar
6.Solektra International
7.SOKOYO Solar Group
8.Sunna Design
9.Solar Street Lights USA
10.Urja Global Ltd.
1.VerySol GmbH
2.Philips Lighting Holding B.V.
3.Bridgelux, Inc.
4.Omega Solar
5.Dragons Breath Solar
6.Solektra International
7.SOKOYO Solar Group
8.Sunna Design
9.Solar Street Lights USA
10.Urja Global Ltd.
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