Solar Street Lighting Market

25 Feb


Solar Street Lighting Market Poised to Grow at a CAGR of 23.7% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Solar Street Lighting Market. The report presents analysis of global as well as regional markets of solar street lighting market over the period of 2016 to 2024. Various government and associations are taking initiative to adopt the sustainable energy sources to provide eco-friendly and energy saving solutions. The rising demand for eco-friendly sustainable energy applications drives the growth of the solar street lighting market. The solar street lighting is able to provide high-quality, clear lighting with considerable energy savings in an eco-friendly way that is likely to boost the growth of solar street lightening market. The solar street lighting system also offers the improved color rendering and slower depreciation than traditional street lights which in turn, drives the demand for solar street lighting products.  Moreover, the reduction of cost of various solar street lighting components including LED, CFL, and others are contributing to the growth of the solar street lighting market.  The rising consumer's inclination towards the eco-friendly and renewable and energy saving solutions are projected to create several opportunities for the solar street lighting market in upcoming years.


Regionally, North America to hold the largest market share in the solar street lighting market owing to the Rising demand for enhanced energy management coupled with rising solar energy installations. In addition, the Asia Pacific is the fastest growing region in the solar street lighting market. The governments of various countries in the Asia Pacific region promotes the adoption of solar systems for the various application that drives the growth of the solar street lighting market in the Asia Pacific region Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global solar street lighting market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that Asia Pacific dominated the global solar street lighting market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the solar street lighting market worldwide.


The report segments the global solar street lighting market on the basis of Lighting Source and Applications.


Global Solar Street Lighting Market by Lighting Source

·         Compact Fluorescent Lamps (CFL)

·         Light Emitting Diode (LED)


Global Solar Street Lighting Market by Applications

·         Commercial

·         Industrial

·         Residential


Companies Profiled in the Report

·         Philips Lightin

·         VerySol GmbH

·         Omega Solar

·         Solektra International

·         SOKOYO Solar Group

·         Solar Street Lights USA

·         Urja Global Ltd

·         Sol, Inc.

·         Bridgelux

·         Dragons Breath Solar


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.