Global Solar Street Lighting Market : Key Players, Growth, Analysis 2018 to 2024
Solar Street Lighting Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of solar street lighting market by lighting source (compact fluorescent lamps, light emitting diode), application (commercial, industrial, residential) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the solar street lighting market it includes the five years Industry analysis and the 6 years annual forecast from to 2024. Some of the prominent participants in the global solar street lighting market are Philips Lighting, VerySol GmbH, Omega Solar, Solektra International, SOKOYO Solar Group, Solar Street Lights USA, Urja Global Ltd, Sol, Inc., Bridgelux, and Dragons Breath Solar. The global solar street lighting market is projected to grow at a CAGR of 23.7% over the forecast period of 2018-2024.
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Solar Street Lighting Market: Drivers, Restrain and Opportunities
Various government and associations are taking the initiative to adopt sustainable energy sources to provide eco-friendly and energy saving solutions. The rising demand for eco-friendly sustainable energy applications drives the growth of the solar street lighting market. The solar street lighting is able to provide high-quality, clear lighting with considerable energy savings in an eco-friendly way that is likely to boost the growth of solar street lightening market. The solar street lighting system also offers the improved color rendering and slower depreciation than traditional street lights which in turn, drives the demand for solar street lighting products.
Moreover, the reduction of cost of various solar street lighting components including LED, CFL, and others are contributing to the growth of the solar street lighting market. The rising consumer’s inclination towards the eco-friendly and renewable and energy saving solutions are projected to create several opportunities for the solar street lighting market in upcoming years.
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North America to Hold the Largest Solar Street Lighting Market
Regionally, North America to hold the largest market share in the solar street lighting market owing to the Rising demand for enhanced energy management coupled with rising solar energy installations. In addition, Asia-Pacific is the fastest growing region in the solar street lighting market. The governments of various countries in the Asia-Pacific region promotes the adoption of solar systems for the various application that drives the growth of the solar street lighting market in the Asia-Pacific region
Solar Street Lighting Market: Segmentation
The report on global solar street lighting market covers segments such as lighting source and applications. On the basis of lighting source the global solar street lighting market is categorized into compact fluorescent lamps(CFL) and light emitting diode (LED). On the basis of applications, the global solar street lighting market is categorized into commercial, industrial and residential.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the solar street lighting.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.