The report offers detailed coverage of Solar Street Lights industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Solar Street Lights by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
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 group 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 company 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.
The report forecast global Solar Street Lights market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Solar Street Lights market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Philips
Tata Power Solar Systems
Bisol
Leadsun
Su-Kam Power Systems
Urja Global
Solar Electric Power Company (SEPCO)
Jiawei
Yingli Solar
King-sun
BYD
Shenzhen Spark Optoelectronics S&T
At the same time, we classify Solar Street Lights according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Standalone
Grid Connected
Market by Application
Residential
Municipal Infrastructure
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Solar Street Lights market for the forecast period 2021 - 2025?
• What are the driving forces in the Solar Street Lights market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Solar Street Lights industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?