Solar Street Lighting Market To Show Strong Growth & Demand | Acuity Brands, Inc., Bajaj Electricals Ltd., Bridgelux Inc – mainlander.nz - mainlander.nz

Global Solar Street Lighting Market, By Type (Portable, Standalone, Centralized, Others), By Component (Controller, Lamp, Solar Panel, Others), By Application (Parking Lot, Highway and Roadway, Others), Estimation & Forecast, 2017 – 2030  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Solar Street Lighting  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Solar Street Lighting  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Key Segments Studied in the Global Solar Street Lighting  Market

Market Introduction

The global solar street lighting market held a market value of USD 3,972 million in 2021 and is estimated to reach USD 15,716.4 million by the year 2030. The market is projected to list a CAGR of 17.12% during the forecast period.

The solar street lighting industry is projected to grow at a substantial rate owing to the increasing focus on smart city building, rising inclination towards solar energy and other green and clean energy initiatives, and the rising support from government and non-government agencies. For instance, in September 2018, South Korea signed a Letter of Intent with Malaysia, to build a smart city in Kota Kinabalu, capital of Sabah, Malaysia. Such moves aid the market growth heavily.

The increasing strategic moves by the prominent players is boosting the market growth. For instance, in January 2020, SolarOne Solutions Inc., a US-based company, has been selected by the Eagle Butte community Center to install 80 off-grid solar streetlights. The former company's off-grid solar street lights run wholly on solar energy, and consequently have a zero-carbon footprint.

The market is expected to be negatively influenced by the heavy initial investment to be done by the companies. A lot of companies in the developing economies are skeptical about their return on investment owing to the presence of many top-notch giants in the marketspace.

Growth Influencers:

Increasing urbanization

The growing popularity of usage of smart solar street lights in urban areas is promoting the growth of the solar street lighting market. The rising urbanization in the countries across the world require energy efficient tools, such as solar energy panels. The solar energy powered street lights provide quick fault detection and real-time control decisions. Moreover, the solar street lights are a reliable part of smart city projects and are in high demand in the developing countries.

Rising focus on solar energy

Especially in remote areas, solar energy generation tools are being a reliable source. The minimal maintenance and low comparative operational cost promotes the use of solar street lighting in many developing, underdeveloped, as well as developed regions across the world.

Segments Overview:

The global solar street lighting market is segmented into type, component, and application.

By Type,

• Portable
• Standalone
• Centralized
• Others

The standalone segment held the largest market share of nearly 49% and is expected to grow at a steady rate owing to its growing adoption. The centralized segment volume is estimated to cross 400 million units by 2028.

By Component,

• Controller
• Lamp

o          Compact fluorescent light (CFL)

o          Light-emitting diode (LED)

o          Metal halide

o          Sodium vapor

o          Others

• Solar Panel
• Sensors

o          Night & Motion Sensors

o          Passive Infrared (PIR) Sensors

o          Lead acid

o          Lithium-Ion

On the basis of lamp sub-segment, the LED segment value is projected to cross USD 650 million in 2023 and hit USD 2,293.6 million by 2030. Moreover, the battery segment is estimated to grow at a CAGR of 15.2% during the forecast period.

By Application,

• Parking Lot
• Highway and Roadway
• Airport Runway
• Manufacturing Site
• Playgrounds
• Garden
• Others

The parking lot segment volume is anticipated to cross 150 million tons by 2025 owing to the rising applications of solar street lights in parking lot spaces. The playgrounds market value is projected to be nearly 76% of airport runway market size in 2021 and is predicted to grow till 80% in 2030.

Regional Overview

By region, the global solar street lighting market is divided into Asia Pacific, Europe, North America, Middle East & Africa, and South America.

The Asia Pacific region is expected to hold the largest market share with a growth rate of more than 18% owing to the rising strategic developments by the companies operating in the marketspace.

The European region is anticipated to grow at a steady rate owing to the rising awareness regarding solar energy generation alternatives. Moreover, the North American region is also expected to grow at a substantial rate. The Middle East and African solar street lighting market volume is expected to cross 45 million units by 2030.

Competitive Landscape

The prominent players operating in the global solar street lighting market include Acuity Brands, Inc., Bajaj Electricals Ltd., Bridgelux Inc., Cooper Lighting, LLC, Dragons Breath Solar, Jiangsu SOKOYO Solar Lighting Co., Ltd., Omega Solar, Philips Lighting Holding B.V., Signify Holding BV, Sol Inc., Solar Street Lights USA, Solektra International LLC, Sunna Design, Urja Global Ltd., and VerySol Inc., among others.

The major 9 players in the market hold approximately 30% of the market share. These market players are investing in collaborations, product launches, mergers, acquisitions, expansions in order to generate a competitive edge against their counterparts. For instance, in In June 2019, Signify declared a new project of installing solar panel powered street lights in the Infanta Elena Park in Seville, Spain. The project aims at increasing the safety of visitors and increasing energy efficiency in the region.

The global solar street lighting market report provides insights on the below pointers:

• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global solar street lighting market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
• Pricing Analysis: Pricing analysis of various metals and other components used in the manufacturing of solar street lights
• Manufacturing Cost Analysis: Cost-share of various components in solar street lighting tools, cost analysis of solar street lights, Unit Cost Analysis of solar street lights

The global solar street lighting market report answers questions such as:

• What is the market size and forecast of the global solar street lighting market?
• What are the inhibiting factors and impact of COVID-19 on the global solar street lighting market during the assessment period?
• Which are the types/segments/applications/areas to invest in over the assessment period in the global solar street lighting market?
• What is the competitive strategic window for opportunities in the global solar street lighting market?
• What are the technology trends and regulatory frameworks in the global solar street lighting market?
• What is the market share of the leading players in the global solar street lighting market?
• What modes and strategic moves are considered favorable for entering the global solar street lighting market?

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario	Market Behavior/ Level of Risk and Opportunity	End Industry Behavior/ Opportunity Assessment	Expected Industry Recovery Timeline	Business Impact Horizon
Opening of Economy by Q3 2020	xx	xx	xx	xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021	xx	xx	xx	xx

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:

• Market Sizing and Structuring
• Micro and macro analysis
• Regional dynamics and Operational landscape
• Demographic profiling and Addressable market
• Legal Set-up and Regulatory frameworks
• Profitability and Cost analysis
• Segmentation analysis of Market
• Existing marketing strategies in the market, Best practice, GAP analysis
• Competitive landscape, Leading market players, Benchmarking
• Future market trends and opportunities – Scenario modeling

 

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:

• Existing market infrastructures
• Market challenges and opportunities
• Potential for growth in certain industries in the coming years
• End-consumer target groups and their potential volumes of operation
• Best regions and segments to target
• Pros and cons of various promotion models
• Touch points and an opportunity breakdown within the value chain
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

 

The Study Explore COVID 19 Outbreak Impact Analysis

• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?

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Key Points Covered in Solar Street Lighting  Market Report:

Global Solar Street Lighting  Market Research Report

Section 1: Global Solar Street Lighting   Industry Overview

Section 2: Global Economic Impact on Solar Street Lighting   Industry

Section 3: Global Market Competition by Industry Producers

Section 4: Global Productions, Revenue (Value), according to Regions

Section 5: Global Supplies (Production), Consumption, Export, Import, geographically

Section 6: Global Productions, Revenue (Value), Price Trend, Product Type

Section 7: Global Market Analysis, on the basis of Application

Section 8: Solar Street Lighting   Market Pricing Analysis

Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Section 10: Strategies and key policies by Distributors/Suppliers/Traders

Section 11: Key Marketing Strategy Analysis, by Market Vendors

Section 12: Market Effect Factors Analysis

Section 13: Global Solar Street Lighting   Market Forecast

……..and view more in complete table of Contents

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