Solar LED Street Lighting Market study provides Worldwide Overview and Forecast 2027

Global Solar LED Street Lighting Market Forecast to 2027

Emergen Research's new report, titled 'Global Solar LED Street Lighting Market,' is methodically curated by our team of analysts with readers' comprehension in mind, and includes a comprehensive database of industry distribution. The report examines historical and current market scenarios in order to forecast the global Solar LED Street Lighting Market outlook over the forecast period (2020-2027). Researchers took a comprehensive approach to global market analysis, highlighting the factors that influence the market's overall growth. The research employs effective analytical tools such as SWOT analysis and Porter's Five Forces to examine the strengths, weaknesses, opportunities, and threats associated with the growth of various market segments.

According to a recent analysis by Emergen Research, the global market for solar LED street lighting is expected to reach USD 13.89 billion by 2027. Due to the increased demand for energy-efficient lighting systems and the increasing IoT integration with lighting systems, the market for solar LED street lighting is predicted to expand rapidly. Another reason for the significant expansion in the global market for solar LED street lighting is the rise in energy consumption on a global scale.

However, throughout the course of the projection period, market expansion is likely to be constrained by the high setup costs.

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Competitive Terrain:

The global Solar LED Street Lighting industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Su-Kam Power Systems Ltd., Sunna Design, Inc., Dragon's Breath Solar, Bridgelux, Inc., Greenshine New Energy LLC, Signify Holding B.V., Solar Lighting International Inc, Anhui Longvolt Energy Co. Ltd., BISOL Group, d.o.o., Orion Solar

Research Report on the Solar LED Street Lighting Market Addresses the Following Key Questions:

Who are the dominant players of the Solar LED Street Lighting market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Solar LED Street Lighting market?
What are the key growth drivers and restraining factors of the Solar LED Street Lighting market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Solar LED Street Lighting market and its key segments?

Market Overview:

The report bifurcates the Solar LED Street Lighting market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Product Outlook (Revenue, USD Billion; 2017-2027)

Grid Connected
Standalone

Component Outlook (Revenue, USD Billion; 2017-2027)

Solar Cell
Light Pole
LED lamps

End-Use Outlook (Revenue, USD Billion; 2017-2027)

Residential
Industrial
Commercial

Regional Landscape section of the Solar LED Street Lighting report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights from the Report

In June 2019, Signify N.V. was installed 20 Philips SunStay solar street lights in Infanta Elena Park in Seville, Spain, in one housing, these solar lights have an integrated solar panel, luminaire, charge controller, and battery. These lights are also compact and easy to assemble and require less maintenance.
Due to certain government influence, such as feed-in tariff and net metering, the grid-connected system is anticipated to witness significant growth over the forecast timeframe.
Due to the advantages, such as less maintenance, uniform mounting, long service life, ecofriendly, and no RF interference, the light pole segment is expected to dominate the market with a CAGR of 13.4%.
Over the forecast timeframe, the industrial sector is anticipated to hold the largest market due to the emergence of advanced sensor-based network firms, along with a rise in on-site energy production.
The commercial segment is expected to see significant market growth due to solar LED street lighting systems' benefits in commercial applications, including no wire theft, easy installation and maintenance, no wire laying operation or complex power facilities needed, and cost-saving.
During the forecast period, the Asia Pacific region is expected to hold the largest market with a CAGR of 13.7%. The increasing government initiative to use energy-efficient lighting technologies with decreased product cost and a growing number of manufacturing facilities. Market growth is anticipated to be further driven by the rise of solar projects, along with the demand for improved renewable energy systems.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Solar LED Street Lighting market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

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