Solar LED Street Lighting Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2027
The global Solar LED Street Lighting Market is forecasted to be worth USD 13.89 Billion by 2027, according to a new report by Emergen Research. 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., which is inclusive of the most crucial factors contributing to the growth of the industry. 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%.The increase in energy usage globally is another factor for the substantial growth in the global solar LED street lighting market. Solar LED Street Lighting Market Size – USD 5.60 billion in 2019, Market Growth – CAGR of 13.4%, Market Trends – The rise in the Smart Solar Street Lighting popularity . Market growth is anticipated to be further driven by the rise of solar projects, along with the demand for improved renewable energy systems.
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The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027.The report also covers the influence of the COVID-19 pandemic on the Solar LED Street Lighting market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The increasing government initiative to implement smart grid and smart city, rising adoption of IoT and the growing use of energy-saving lighting systems are driving the demand for the market. The increasing government initiative to use energy-efficient lighting technologies with decreased product cost and a growing number of manufacturing facilities. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. The increasing government initiative to use energy-efficient lighting technologies with decreased product cost and a growing number of manufacturing facilities. Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players.
Key participants include 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., and Orion Solar among others.
Emergen Research has segmented the global Solar LED Street Lighting Market on the basis of product, component, end-use, and region:
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
Queries addressed in the Global Solar LED Street Lighting Market Study:
Who are the major participants, and what are their strategies in the Global Solar LED Street Lighting market?
What are the outcomes of the SWOT and Porter’s five forces analyses of the Solar LED Street Lighting market?
What are the different opportunities and threats operating in the Global Solar LED Street Lighting market?
What are the strengths and weaknesses and business strategies of the leading producers or suppliers in the Solar LED Street Lighting market?
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The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis.According to the regional analysis, the market is primarily spread over key geographical regions as follows:
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)
Key points discussed in the report for Global Solar LED Street Lighting Market:
Chapter 1: Introduction, market driving force product, Objectives of the Study, and Research Scope of the Solar LED Street Lighting market
Chapter 2: Exclusive Summary –vital information of the Solar LED Street Lighting Market.
Chapter 3: Market Dynamics- Drivers, Trends, and Challenges of the Solar LED Street Lighting Market
Chapter 4: Solar LED Street Lighting Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Market segmentation by Type, End-User and Region 2016-2018
Chapter 6: Analysis of the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 7 & 8: Appendix, Methodology and Data Source…Continued
Finally, Solar LED Street Lighting Market is a valuable source of guidance for individuals and companies.
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