Global Solar Street Lighting Market: Snapshot
The global solar street lighting market has benefited remarkably from the overwhelming support of various governments around the world as they strive to conserve energy and reduce their carbon footprint. The steady rise in energy costs and the growing global demand for electricity have led a number of governments to team up with international and regional non-governmental organizations (NGOs) to launch various programs and programs, such as subsidies for the use of solar lighting systems to avoid the shrinkage curb renewable energy sources. Suppliers are urged to offer efficient solar lighting solutions, especially in emerging economies like India, where the government recently launched an initiative to replace 35 million street lights and nearly 800 million incandescent bulbs with energy-efficient LED lamps.
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Although solar lighting is easily accepted worldwide, developing countries in Asia and Africa will enjoy the main benefits of this technology. Governments in these countries are primarily focused on infrastructure development, which has made the provision of central grid power financially difficult for them, as it requires large capital, labor and time to develop an overall transmission and distribution infrastructure. This has forced these countries to prefer solar lighting. The continued use of solar street lights in these countries should drive the entire solar street lighting market in the near future.
Global Solar Street Lighting Market: Overview
The primary energy source for outdoor street lighting equipment is solar energy. Many of them are designed for standalone operation, so that they are independent of the general power grid. However, due to their dependence on sunlight, the lighting units must be installed in a location where sufficient sunlight can be received at important points of the day. The solar PV street lighting system includes a rechargeable lead-acid battery, PV modules to charge the battery, a compact fluorescent lamp (CFL) as the light source, an electronics system to operate the lamp, and a discharge bracket and mechanical hardware for the system to repair. Common SPV modules are expected to have a service life of 15 to 20 years.
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Global Solar Street Lighting Market: Top Trends
One of the main drivers for the global solar street lighting market is the high priority many nations place on the search for efficient alternatives and off-grid power solutions. This gives way to certain drivers driving the solar street lighting market. A crucial foundation on which the global solar street lighting market is currently based is the fact that they provide a viable solution for conventional street lighting in a wide variety of areas, provided there is sufficient sunlight and regardless of grid connection. Solar street lighting can also reduce the total energy load in a network and thus save money compared to energy consumption. Solar street lights also have the advantage of having low or even negligible maintenance costs, little wiring and no transformer costs for off-grid lamps.
However, the global solar street lighting market continues to face the problem of promoting a new technology in a market with strong conventional competitors. Customers and stakeholders of the company still proceed with caution due to a lack of awareness of the general benefits of supporting a relatively expensive technology. In addition, solar street lighting cannot be implemented regionally at all locations, as each region receives a different amount of sunlight, even without taking into account unpredictable weather conditions.
Global Solar Street Lighting Market: Core Segmentations
The global solar street lighting market can be segmented based on the types of lighting technology, its applications, and the type of lighting based on the location of the PV modules. The two main applications in the global solar street lighting market are solar traffic lights and county level street lights. Common types of lighting offered by the global solar street lighting market include compact fluorescent lamps (CFLs) and light emitting diodes (LEDs).
Depending on the size and duration of the lighting required, photovoltaic modules can either be arranged as individual units directly on the lighting modules or in a centrally arranged cluster if the area of application is large.
Global Solar Street Lighting Market: Regional surcharge
Depending on the region, the global solar street lighting market can be divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The implementation of SSL systems takes place in the Asia-Pacific region, especially in China and India. The Asia-Pacific region currently occupies a massive portion of the volume of demand in the global solar street lighting market and is expected to continue to do so in the years to come. In the meantime, North America and Europe are expected to remain major solar street lighting markets due to a higher adoption rate, growing need for energy conservation, and the headquarters of some of the leading market players.
Global Solar Street Lighting Market: Key Companies Mentioned in the Report
Leading companies in the global solar street lighting market to date have included Solar Street Lights USA, OkSolar.com, Solar Lighting International Inc., Solar Electric Power Co., and Silicon Solar.
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