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.
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.
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.
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.
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.
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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.
Dragons Breath Solar
Philips Lighting Holding B.V.
SOKOYO Solar Group
Solar Street Lights USA
Urja Global Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
2.Philips Lighting Holding B.V.
5.Dragons Breath Solar
7.SOKOYO Solar Group
9.Solar Street Lights USA
10.Urja Global Ltd.