Solar Street Lightings Market Is Estimated To Grow At CAGR Of 21.02 % By The End Of The Forecast Per

Market Highlights: -

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.

Solar resource is unlimited and the government is trying to implement the use of solar panels as energy source in rural and sub urban areas for lighting the street lights, but the battery used to store the power gets affected due to overcharge and discharges.

Top Key Player: -

The prominent players in the Solar Street Lightings 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).

Taste the market data and market information presented through more than 30 market data tables and 25 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "The Global Solar Street Lightings Report -Forecast to 2023".

Leading players in the global market for solar street lighting are focusing on expanding their production units across several regions over the coming years to gain a competitive edge over other players. As many developed economies have already witnessed a significant deployment of solar lighting and reached a notable place in the global market, emerging economies such as Asia Pacific is expected to present lucrative growth opportunities to manufacturers with the demand for solar street lighting gaining momentum.

Market Research Future 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.

Urban street lights are densely-clustered, making it cost-effective to upgrade lighting with LED and connectivity. However, rural areas have a much lower density of street lighting, which can be more expensive to replace and maintain.

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