In this report, the Global Solar Street Lights market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Solar Street Lights market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Solar street lights are raised light sources which are powered by photovoltaic panels generally mounted on the lighting structure or integrated in the pole itself. The photovoltaic panels charge a rechargeable battery, which powers a fluorescent or LED lamp during the night.
Asia Pacific was the largest revenue market with a market share of 35.56% in 2012 and 38.93% in 2017 with an increase of 3.37%. Middle East and Africa ranked the second market with the market share of 27.51% in 2016. Also, the Asia Pacific market for Solar Street Lights is expected to be the market with the most promising growth rate. Rising per capita income of people in emerging economies such as China, India, Philippines, Thailand, and Vietnam has led to an increase in demand.
Solar Street Lights companies are mainly from Europe and United States, the industry concentrate rate is low. The top three companies are Philips, Tata Power Solar Systems, Jiawei, with the revenue market share of 6.31%, 3.04%, and 2.22% in 2016.
The growth of the Solar Street Lights market is largely driven by downstream applications. What is more, governments of numerous countries are encouraging the adoption of solar street lighting as they are eco-friendly and cost-efficient. Advanced solar street lighting systems save significant energy.
Although sales of Solar Street Lights brought some opportunities, the study recommends the new entrants who has not technical advantage and downstream support do not enter into the Solar Street Lights field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.
Market Analysis and Insights: Global Solar Street Lights Market
In 2019, the global Solar Street Lights market size was US$ 4095.9 million and it is expected to reach US$ 12440 million by the end of 2026, with a CAGR of 17.0% during 2021-2026.
Global Solar Street Lights Scope and Market Size
Solar Street Lights market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Solar Street Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Solar Street Lights market is segmented into
Segment by Application, the Solar Street Lights market is segmented into
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Solar Street Lights Market Share Analysis
Solar Street Lights market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Solar Street Lights product introduction, recent developments, Solar Street Lights sales by region, type, application and by sales channel.
The major companies include:
Tata Power Solar Systems
Su-Kam Power Systems
Solar Electric Power (SEPCO)
Shenzhen Spark Optoelectronics S&T
Reasons to Buy This Research Report
- Complete access to Global Solar Street Lights market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Solar Street Lights markets including North America, Europe, MEA and Asia Pacific
- Global Solar Street Lights Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Solar Street Lights market segmentation
- Key trends, drivers and restraints for global Global Solar Street Lights market
- Challenges to market growth for Global Solar Street Lights manufacturers
- Key market opportunities of Global Solar Street Lights Industry
About Crystal Market Reports
Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.