Solar Street Lighting Market Research Report- Forecast to 2023
Solar Street Lighting Market is expected to grow at a
CAGR of 21.02% between 2018 and 2023.
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Copyright Š 2018 Market Research Future.
Solar Street Lighting Market Research Report- Forecast to 2023
1 Summary Solar power is gaining popularity as a dependable source for street lighting all over the world. Some of the benefits associated with solar street lights include reduced dependence on conventional energy, conservation of energy and less reliance on the national grid. The warm countries that get abundant sunlight, solar lights are the best option to illuminate the streets, garden, parks and other public spaces. The concerns about fossil fuel deficit are increasing. Thus rising oil prices, global warming, and damage to environment and ecosystem, the promising incentives to develop alternative energy resources with high efficiency and low emission are of great importance. Among the renewable energy resources, the energy through the photovoltaic (PV) effect can be considered the most essential and prerequisite sustainable resource because of the abundance, and sustainability of solar radiant energy.
Key Players: We recognize the key players in the global solar street lighting market 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).
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Copyright Š 2018 Market Research Future.
Solar Street Lighting Market Research Report- Forecast to 2023
2 Market Overview 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.
Drivers
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Copyright Š 2018 Market Research Future.
Solar Street Lighting Market Research Report- Forecast to 2023
3 Market Research 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. .
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Copyright Š 2018 Market Research Future.
Solar Street Lighting Market Research Report- Forecast to 2023
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Copyright Š 2018 Market Research Future.