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.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
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.
- 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 LED Solar Street Lighting Market - By Type
1.3.2 LED Solar Street Lighting Market - By Application
1.3.3 LED Solar Street Lighting Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LED SOLAR STREET LIGHTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. LED SOLAR STREET LIGHTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LED SOLAR STREET LIGHTING MARKET - GLOBAL MARKET ANALYSIS
6.1. LED SOLAR STREET LIGHTING - GLOBAL MARKET OVERVIEW
6.2. LED SOLAR STREET LIGHTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LED SOLAR STREET LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STANDALONE
7.3.1. Overview
7.3.2. Standalone Market Forecast and Analysis
7.4. GRID CONNECTED
7.4.1. Overview
7.4.2. Grid Connected Market Forecast and Analysis
8. LED SOLAR STREET LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
9. LED SOLAR STREET LIGHTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America LED Solar Street Lighting Market Overview
9.1.2 North America LED Solar Street Lighting Market Forecasts and Analysis
9.1.3 North America LED Solar Street Lighting Market Forecasts and Analysis - By Type
9.1.4 North America LED Solar Street Lighting Market Forecasts and Analysis - By Application
9.1.5 North America LED Solar Street Lighting Market Forecasts and Analysis - By Countries
9.1.5.1 United States LED Solar Street Lighting Market
9.1.5.1.1 United States LED Solar Street Lighting Market by Type
9.1.5.1.2 United States LED Solar Street Lighting Market by Application
9.1.5.2 Canada LED Solar Street Lighting Market
9.1.5.2.1 Canada LED Solar Street Lighting Market by Type
9.1.5.2.2 Canada LED Solar Street Lighting Market by Application
9.1.5.3 Mexico LED Solar Street Lighting Market
9.1.5.3.1 Mexico LED Solar Street Lighting Market by Type
9.1.5.3.2 Mexico LED Solar Street Lighting Market by Application
9.2. EUROPE
9.2.1 Europe LED Solar Street Lighting Market Overview
9.2.2 Europe LED Solar Street Lighting Market Forecasts and Analysis
9.2.3 Europe LED Solar Street Lighting Market Forecasts and Analysis - By Type
9.2.4 Europe LED Solar Street Lighting Market Forecasts and Analysis - By Application
9.2.5 Europe LED Solar Street Lighting Market Forecasts and Analysis - By Countries
9.2.5.1 Germany LED Solar Street Lighting Market
9.2.5.1.1 Germany LED Solar Street Lighting Market by Type
9.2.5.1.2 Germany LED Solar Street Lighting Market by Application
9.2.5.2 France LED Solar Street Lighting Market
9.2.5.2.1 France LED Solar Street Lighting Market by Type
9.2.5.2.2 France LED Solar Street Lighting Market by Application
9.2.5.3 Italy LED Solar Street Lighting Market
9.2.5.3.1 Italy LED Solar Street Lighting Market by Type
9.2.5.3.2 Italy LED Solar Street Lighting Market by Application
9.2.5.4 United Kingdom LED Solar Street Lighting Market
9.2.5.4.1 United Kingdom LED Solar Street Lighting Market by Type
9.2.5.4.2 United Kingdom LED Solar Street Lighting Market by Application
9.2.5.5 Russia LED Solar Street Lighting Market
9.2.5.5.1 Russia LED Solar Street Lighting Market by Type
9.2.5.5.2 Russia LED Solar Street Lighting Market by Application
9.2.5.6 Rest of Europe LED Solar Street Lighting Market
9.2.5.6.1 Rest of Europe LED Solar Street Lighting Market by Type
9.2.5.6.2 Rest of Europe LED Solar Street Lighting Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific LED Solar Street Lighting Market Overview
9.3.2 Asia-Pacific LED Solar Street Lighting Market Forecasts and Analysis
9.3.3 Asia-Pacific LED Solar Street Lighting Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific LED Solar Street Lighting Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific LED Solar Street Lighting Market Forecasts and Analysis - By Countries
9.3.5.1 Australia LED Solar Street Lighting Market
9.3.5.1.1 Australia LED Solar Street Lighting Market by Type
9.3.5.1.2 Australia LED Solar Street Lighting Market by Application
9.3.5.2 China LED Solar Street Lighting Market
9.3.5.2.1 China LED Solar Street Lighting Market by Type
9.3.5.2.2 China LED Solar Street Lighting Market by Application
9.3.5.3 India LED Solar Street Lighting Market
9.3.5.3.1 India LED Solar Street Lighting Market by Type
9.3.5.3.2 India LED Solar Street Lighting Market by Application
9.3.5.4 Japan LED Solar Street Lighting Market
9.3.5.4.1 Japan LED Solar Street Lighting Market by Type
9.3.5.4.2 Japan LED Solar Street Lighting Market by Application
9.3.5.5 South Korea LED Solar Street Lighting Market
9.3.5.5.1 South Korea LED Solar Street Lighting Market by Type
9.3.5.5.2 South Korea LED Solar Street Lighting Market by Application
9.3.5.6 Rest of Asia-Pacific LED Solar Street Lighting Market
9.3.5.6.1 Rest of Asia-Pacific LED Solar Street Lighting Market by Type
9.3.5.6.2 Rest of Asia-Pacific LED Solar Street Lighting Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa LED Solar Street Lighting Market Overview
9.4.2 Middle East and Africa LED Solar Street Lighting Market Forecasts and Analysis
9.4.3 Middle East and Africa LED Solar Street Lighting Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa LED Solar Street Lighting Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa LED Solar Street Lighting Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa LED Solar Street Lighting Market
9.4.5.1.1 South Africa LED Solar Street Lighting Market by Type
9.4.5.1.2 South Africa LED Solar Street Lighting Market by Application
9.4.5.2 Saudi Arabia LED Solar Street Lighting Market
9.4.5.2.1 Saudi Arabia LED Solar Street Lighting Market by Type
9.4.5.2.2 Saudi Arabia LED Solar Street Lighting Market by Application
9.4.5.3 U.A.E LED Solar Street Lighting Market
9.4.5.3.1 U.A.E LED Solar Street Lighting Market by Type
9.4.5.3.2 U.A.E LED Solar Street Lighting Market by Application
9.4.5.4 Rest of Middle East and Africa LED Solar Street Lighting Market
9.4.5.4.1 Rest of Middle East and Africa LED Solar Street Lighting Market by Type
9.4.5.4.2 Rest of Middle East and Africa LED Solar Street Lighting Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America LED Solar Street Lighting Market Overview
9.5.2 South and Central America LED Solar Street Lighting Market Forecasts and Analysis
9.5.3 South and Central America LED Solar Street Lighting Market Forecasts and Analysis - By Type
9.5.4 South and Central America LED Solar Street Lighting Market Forecasts and Analysis - By Application
9.5.5 South and Central America LED Solar Street Lighting Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil LED Solar Street Lighting Market
9.5.5.1.1 Brazil LED Solar Street Lighting Market by Type
9.5.5.1.2 Brazil LED Solar Street Lighting Market by Application
9.5.5.2 Argentina LED Solar Street Lighting Market
9.5.5.2.1 Argentina LED Solar Street Lighting Market by Type
9.5.5.2.2 Argentina LED Solar Street Lighting Market by Application
9.5.5.3 Rest of South and Central America LED Solar Street Lighting Market
9.5.5.3.1 Rest of South and Central America LED Solar Street Lighting Market by Type
9.5.5.3.2 Rest of South and Central America LED Solar Street Lighting Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LED SOLAR STREET LIGHTING MARKET, KEY COMPANY PROFILES
11.1. VERYSOL GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PHILIPS LIGHTING HOLDING B.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BRIDGELUX, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. OMEGA SOLAR
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DRAGONS BREATH SOLAR
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SOLEKTRA INTERNATIONAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SOKOYO SOLAR GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUNNA DESIGN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOLAR STREET LIGHTS USA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. URJA GLOBAL LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to LED Solar Street Lighting Market
Apr 2024
Offshore Oil and Gas Pipes, Fittings, and Flanges Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fittings, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloy, and Copper Alloy), and Geography
Apr 2024
Spent Nuclear Fuel Waste Management Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas-Cooled Reactor, and Others); Disposal Type (Near Surface Disposal and Deep Surface Disposal); and Geography
Apr 2024
Gas Pipeline Infrastructure Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Operation (Transmission and Distribution), Equipment (Pipeline, Compressor Station, Metering Skids, and Others), and Application (Onshore and Offshore)