Solar street lightings market has been forecast to grow at 21.02%CAGR.

Pune, India, February 02, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on Solar Street Lightings market. The global market for Solar Street Lightings is majorly driven by factors such as, government support for development and use of electricity through sustainable sources of energy.

Market Highlights

One of the primary drivers for the growth of solar energy is the government intervention through initiatives and policies. Solar energy policy is developed by governments to sustain the growth of solar energy, including solar energy production, distribution and consumption. Solar energy policies include legislation, international treaties and incentives to investment such as the formation incentives in the U.S. In many countries such as India and EU countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws, have been developed and implemented to promote the use of solar energy. Additionally, policies such as production incentives, quota requirements, trading systems, also have been developed to influence the growth of the market.

The surging urbanization in developing countries has been leading to the rise in demand for energy, and governments of various countries are supporting eco-friendly methods of producing energy. This is driving the demand for solar street lights, globally. The technology in solar street lights are continuously improving over the years, and are expected to make further advancements with supportive government regulations and product innovation.

Developed countries in North America and Europe are likely to play a key role in the development of the global solar street lighting market due to the widespread demand for replacement of conventional street lighting systems. Developing countries in Asia Pacific and Africa are also the key consumers in the solar street lighting market. The widespread demand for large-scale lighting systems in dynamic economies such as India and China is vital for the Asia Pacific solar street lighting market, with India topping the global solar street lighting market. The fastest growth of Middle East & Africa can be attributed to increasing government support, constantly increasing energy costs, rise in demand of electricity, and surging demand for renewable lighting sources. The increasing awareness about the benefits associated with the use of solar street lighting over traditional lighting sources, adds to the growth.

Taste the market data and market information presented through more than 30 market data tables and 25 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Solar Street Lightings Report -Forecast to 2023”.

Access Report Details @ https://www.marketresearchfuture.com/reports/solar-street-lighting-market-5350

The prominent players in the Solar Street Lightings are VerySol Inc. (U.S.), Solar Street Lights USA (U.S.), Dragons Breath Solar (U.K.), Urja Global Ltd. (India), Solektra International LLC (U.S.), Bridgelux Inc. (U.S.), SOKOYO Solar Group (China), Sunna Design (France), Sol Inc.(U.S.), Philips Lighting Holding B.V.( the Netherlands), and Omega Solar (India).

Market Research Future Analysis:

Market Research Future analysis shows that the global market of solar street lightings market is estimated to grow at CAGR of 21.02 % by the end of the forecast period. These are outdoor raised light sources that are powered by the photovoltaic or PV panels. By raised, it means that the solar panels are either mounted on the lighting structure or they are connected using a pole. These PV panels are equipped with a rechargeable battery, which enables them to provide power for the duration of the entire night to the fluorescent or LED lamp. Also, in the majority of instances, these solar street lights have solar panels, which can sense outdoor light, automatically, through an external light source. With the energy production and storage capacities, even in the absence of sunlight these can produce light, successively, during nights for a minimum of 2-3 days.

Urban street lights are densely-clustered, making it cost-effective to upgrade lighting with LED and connectivity. However, rural areas have a much lower density of street lighting, which can be more expensive to replace and maintain.

                                            Global Solar Street Lightings Market (CAGR)