Thestudy offers a comprehensive overview of the technologies, volume size, rawmaterials, and in-depth analysis of the market with a dedicated section for theprofiling of key companies. The report also offers trends and patterns that areprojected to influence the growth of the Solar LED Street Lighting marketduring the forecast period of 2020-2027.
Theglobal Solar LED Street Lighting Market is forecasted to be worth USD 13.89Billion by 2027, according to a new report by Emergen Research. The solar LEDstreet lighting market is anticipated to grow significantly owing to thegrowing need for energy-efficient lighting systems and the rising integrationof the IoT with lighting systems. The increase in energy usage globally isanother factor for the substantial growth in the global solar LED streetlighting market.
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Further key findings fromthe report suggest
· Thecommercial segment is expected to see significant market growth due to solarLED street lighting systems' benefits in commercial applications, including nowire theft, easy installation and maintenance, no wire laying operation orcomplex power facilities needed, and cost-saving.
· During theforecast period, the Asia Pacific region is expected to hold the largest marketwith a CAGR of 13.7%. The increasing government initiative to useenergy-efficient lighting technologies with decreased product cost and agrowing number of manufacturing facilities. Market growth is anticipated to befurther driven by the rise of solar projects, along with the demand forimproved renewable energy systems.
· Keyparticipants include Su-Kam Power Systems Ltd., Sunna Design Inc., Dragon'sBreath Solar, Bridgelux, Inc., Greenshine New Energy LLC, Signify Holding B.V.,Solar Lighting International Inc, Anhui Longvolt Energy Co. Ltd., BISOL Group,d.o.o., and Orion Solar among others.
Furthermore,the report offers insights into the segmentation of the Solar LED StreetLighting industry based on product types, applications, end-user, technology,and key regions. The study also assesses the market segment expected to showsignificant growth in the coming years.
· Product Outlook (Revenue, USD Billion; 2017-2027)
o Grid Connected
o Standalone
· Component Outlook (Revenue, USD Billion; 2017-2027)
o Solar Cell
o Light Pole
o LED lamps
· End-Use Outlook (Revenue, USD Billion; 2017-2027)
o Residential
o Industrial
o Commercial
Toread more about the report - https://www.emergenresearch.com/industry-report/solar-led-street-lighting-market
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About Us:
At Emergen Research, we believe in advancing with technology. We area growing market research and strategy consulting company with an exhaustiveknowledge base of cutting-edge and potentially market-disrupting technologiesthat are predicted to become more prevalent in the coming decade.
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