Solar LED Street Lighting Key Players, End Users, Demand and Analysis Growth Trends to 2027 – Press Release
Market Size – USD 5.60 Billion in 2019, Market Growth – CAGR of 13.4%, Market Trends – The rise in popularity of Smart Solar Street Lighting.
The increasing government initiative to implement Smart Grid and Smart City, the increasing introduction of IoT and the increasing use of energy-saving lighting systems are driving the demand for the market.
The solar LED street lighting market is projected to be worth $ 13.89 billion by 2027, according to a new report from Emergen Research. The solar LED street lighting market is expected to grow significantly due to the growing need for energy efficient lighting systems and the increasing integration of the IoT into lighting systems. The increase in global energy consumption is another contributing factor to the significant growth of the global solar LED street lighting market.
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The report analyzes various elements of the competitive scenario of the market such as: B. the regulatory standards and guidelines implemented across the industry in recent years. Our team of experts has used various powerful analytical tools such as Porter’s Five Forces analysis and SWOT analysis to get a comprehensive view of the global Solar LED Street Lighting Market and identify the fundamental growth trends.
Key participants include Su-Kam Power Systems Ltd., Sunna Design Inc., Dragon’s Breath Solar, Bridgelux Inc., Greenshine New Energy LLC, Signify Holding BV, Solar Lighting International Inc., Anhui Longvolt Energy Co. Ltd., BISOL Group, doo and Orion Solar among others.
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The latest research report is billed as the first document to provide the latest information on the solar LED street lighting market, which has been severely affected by the COVID-19 pandemic. The global health crisis poses a significant threat to the future growth of the solar LED street lighting industry. The report assesses the profound changes in this business environment caused by the outbreak and takes into account key aspects of the market that have been seriously disrupted by the pandemic. The report therefore explains the rapidly changing market scenario in this COVID-19 era aimed at helping companies in this sector overcome the effects of the pandemic and formulating new growth strategies to improve COVID-19 preparedness.
Key regions covered in the report:
- North America (USA, Canada)
- Europe (UK, Italy, Germany, France, rest of the EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
- Latin America (Chile, Brazil, Argentina, rest of Latin America)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, rest of MEA)
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The report determines the total sales of the market generated by a given company over a period of time. Industry experts calculate the proportion by taking product sales over a period of time into account and then dividing it by the total sales of the solar LED street lighting industry over a defined period of time. Subject matter experts use this metric further to get a general idea of the proportion and size of a company and its immediate competitors. By providing an in-depth knowledge of the position that a company as well as an entrepreneur have in the solar LED street lighting market
Emergen Research has segmented the global solar LED street lighting market by product, component, end use, and region:
- Product Outlook (Revenue, $ Billion; 2017-2027)
- Network connected
- Component Outlook (Revenue, $ Billion; 2017-2027)
- Solar cell
- Light pole
- led Lamps
- End Use Outlook (Revenue, Billion USD; 2017-2027)
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