Dublin, November 16, 2020 (GLOBE NEWSWIRE) – The report “Solar Street Lighting Market Research Report: By Structure Type, Component, Installation, Application – Global Industry Trends, and Growth Forecast to 2030” has been added ResearchAndMarkets.com Offer.
The rapidly falling costs for solar lighting systems are a major factor in the growing global demand for solar street lighting equipment. “According to a report from the National Renewable Energy Laboratory (NREL), solar panel prices have fallen 80% over the past 30 years, from $ 10 per watt (W) to nearly $ 2 per watt from 1980 to 2010.” “The prices for these panels continued to decline by 50% from 2015 to 2019, from USD 0.70 per watt to USD 0.35 per watt during the period.”
The increasing number of projects to develop road infrastructure in several countries due to increasing vehicle traffic are another key factor in the global demand for solar street lighting equipment. Many countries like India, Germany, the USA and China are starting massive road and highway development projects due to increasing urbanization and road traffic. “Sales of commercial vehicles rose by 2.2% worldwide in 2019.” In addition, “sales of these vehicles reached 26.9 million units worldwide in 2019”.
Aside from the factors mentioned above, “the growing number of smart cities is making a massive contribution to global sales of solar street lighting systems”. In recent years, the construction of smart cities in various countries such as the United States, India, Saudi Arabia, China, and South Korea has greatly increased, and this trend will continue in the years to come. In addition, governments in many countries are making huge investments in developing smart cities, increasing sales of solar street lighting equipment.
For the above reasons, the valuation of the global solar street lighting market will increase from $ 5.7 billion to $ 14.6 billion in 2019-2030. Additionally, the market is set to grow at an annual growth rate of 9.4% between 2020 and 2030 according to calculations by the publisher, an India-based market research firm. Runways, parks and playgrounds at the airport, production facilities, parking lots as well as streets and highways are the main areas of application for solar street lighting systems. Among these, the use of these lights will be highest on roads and highways in the years to come.
In terms of regional market growth, “The Asia-Pacific (APAC) solar street lighting market will have the fastest growth in the coming years”. This is due to the rapid urbanization especially in the developing countries of APAC and the associated increase in the demand for lighting equipment. In addition, the presence of large manufacturers of solar street lighting devices in the APAC countries massively increases sales of these devices in the region.
From the above paragraphs it can therefore easily be concluded that the demand for solar street lighting equipment will increase worldwide in the coming years, mainly due to the increasing construction of buildings and the modernization and renovation of infrastructure as well as the increasing construction of smart cities. and extensive development of roads, railways and airports in many countries around the world.
Main topics covered:
Chapter 1. Research Background
1.1 Research objectives
1.2 Market definition
1.3 Scope of research
1.3.1 Market segmentation by structure type
1.3.2 Market segmentation by components
1.3.3 Market segmentation after installation
1.3.4 Market segmentation by application
1.3.5 Market segmentation by region
1.3.6 Analysis period
1.3.7 Market data reporting unit
1.3.7.1 Volume
1.3.7.2 Value
1.4 Main actors
Chapter 2. Research methodology
2.1 Desk research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary research
2.2.1 Breakdown of primary research respondents
2.2.1.1 By region
2.2.1.2 By industry participants
2.2.1.3 By type of company
2.3 Market size estimate
2.4 Data triangulation
2.5 Currency conversion rates
2.6 Assumptions for the study
2.7 Notes and precautionary measures
2.8 COVID-19 impacts
Chapter 3. Summary
3.1 Voice of industry experts / KOLs
Chapter 4. Introduction
4.1 Definition of market segments
4.1.1 By components
4.1.1.1 Lamp
4.1.1.1.1 CFL
4.1.1.1.2 LED
4.1.1.1.3 Metal halide
4.1.1.1.4 Sodium vapor
4.1.1.1.5 Others
4.1.1.2 Solar panel
4.1.1.3 Battery
4.1.1.3.1 Lead acid
4.1.1.3.2 Lithium-ion
4.1.1.3.3 Others
4.1.1.4 Controller
4.1.1.5 Others
4.1.2 By structure type
4.1.2.1 Standalone
4.1.2.2 Centralized
4.1.2.3 Portable
4.1.3 By installation
4.1.3.1 Retrofitting
4.1.3.2 New
4.1.4 After application
4.1.4.1 Motorway & roadway
4.1.4.2 Bridge
4.1.4.3 Airport runway
4.1.4.4 Park & Playground
4.1.4.5 Production facility
4.1.4.6 Parking
4.1.4.7 Others
4.2 Value chain analysis
4.3 Market dynamics
4.3.1 Trends
4.3.1.1 Growing popularity of intelligent solar street lighting
4.3.2 Driver
4.3.2.1 Reliable light source
4.3.2.2 Fall in prices for solar modules
4.3.2.3 Increasing number of smart cities
4.3.2.4 Increasing infrastructure development
4.3.2.5 Impact analysis of the drivers on the market forecast
4.3.3 Limitations
4.3.3.1 Intrusion of counterfeit LED products
4.3.3.2 Impact of the COVID-19 outbreak
4.3.3.3 Impact analysis of restrictions on market forecast
4.3.4 Possibilities
4.3.4.1 Increasing urbanization in developing regions
4.4 Porter’s Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By components
5.1.1 Lamp by type
5.1.2 Battery by type
5.2 By structure type
5.3 By installation
5.4 After application
5.5 By region
Chapter 6. North America Market Size and Forecast
6.1 By components
6.1.1 Lamp by type
6.1.2 Battery by type
6.2 By structure type
6.3 By installation
6.4 After application
6.5 By country
Chapter 7. Size and forecast of the European market
7.1 By components
7.1.1 Lamp by type
7.1.2 Battery by type
7.2 By installation
7.3 By structure type
7.4 After application
7.5 By country
Chapter 8. APAC Market Size and Forecast
8.1 By components
8.1.1 Lamp by type
8.1.2 Battery by type
8.2 By structure type
8.3 By installation
8.4 After application
8.5 By country
Chapter 9. LATAM Market Size and Forecast
9.1 By components
9.1.1 Lamp by type
9.1.2 Battery by type
9.2 By structure type
9.3 By installation
9.4 Upon request
9.5 By country
Chapter 10. MEA Market Size and Forecast
10.1 By components
10.1.1 Lamp by type
10.1.2 Battery by type
10.2 By structure type
10.3 By installation
10.4 Upon request
10.5 By country
Chapter 11. Competitive Landscape
11.1 List of players and their offers
11.2 Ranking analysis of the main actors
11.3 Competitive benchmarking of the main players
11.4 Global strategic developments in the market
11.4.1 Product launches
11.4.2 Partnerships
11.4.3 Client wins
Chapter 12. Company Profiles
12.1 Bridgelux Inc.
12.1.1 Business Overview
12.1.2 Product and service offerings
12.2 Carmanah Technologies Corporation
12.2.1 Business Overview
12.2.2 Product and service offerings
12.3 Dragons breathe solar
12.3.1 Business Overview
12.3.2 Product and service offerings
12.4 Fonroche lighting
12.4.1 Business Review
12.4.2 Product and service offerings
12.5 Greenshine New Energy
12.5.1 Business Review
12.5.2 Product and service offerings
12.6 Jinhua SunMaster Solar Lighting Co. Ltd.
12.6.1 Business Review
12.6.2 Product and service offerings
12.7 Royal Philips NV
12.7.1 Business Review
12.7.2 Product and service offerings
12.7.3 Financial Summary
12.8 Samsung Electronics Co. Ltd.
12.8.1 Business Review
12.8.2 Product and service offerings
12.8.3 Financial Summary
12.9 Solar Street Lights USA
12.9.1 Business Review
12.9.2 Product and service offerings
12.10 Sunna Design CA.
12.10.1 Business Review
12.10.2 Product and service offers
12.11 TOTAL SAT
12.11.1 Business Review
12.11.2 Product and service offerings
12.11.3 Financial Summary
12.12 Urban Solar Group
12.12.1 Business Review
12.12.2 Product and service offers
12.13 Urja Global Ltd.
12.13.1 Business Review
12.13.2 Product and service offerings
12.13.3 Financial Summary
12.14 Cree Inc.
12.14.1 Business Review
12.14.2 Product and service offerings
12.14.3 Financial summary
12:15 Hubbell Incorporated
12.15.1 Business Review
12.15.2 Product and service offers
12.15.3 Financial summary
Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related reports
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