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Solar Street Lighting Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Solar Street Lighting Market size was valued over USD 3 billion in 2017 with annual installations to exceed 9 million units by 2024.

Stringent regulatory reforms toward sustainable infrastructure development coupled with global commitment pertaining to climate change mitigation will stimulate the solar street lighting market growth. Rising private and public funding through various schemes, investments along with proposed long-term legislative programs pertaining to the electrification of off-grid areas will foster the industry growth. In addition, burgeoning awareness toward renewable energy assets accompanied by aggressive regulatory mandates to curtail carbon emissions will positively impact the business landscape.

Rising potential of solar technologies coupled with growing demand for clean energy sources will drive the industry growth. Increasing investments toward refurbishment of conventional electricity generation sources along with rapid technological advancements toward product efficiency, flexibility and operation will stimulate the product demand. In addition, continuous innovations, declining battery costs and advancement in product design have substantially lowered the remote areas lighting component prices, making it a required alternative for households and municipalities.

Solar Street Lighting Market, By Product

Grid connected solar street lighting market will onlook growth owing to introduction of various government programs including net metering and feed in tariff (FIT). In addition, reduced transmission losses along with integration of smart grid technologies will foster the business growth. Furthermore, faster response & recovery time and efficient management of grid disturbances will increase the product penetration.

Standalone product is projected to witness gains over 12% by 2024. Increasing adoption across remote & off grid areas along with the rapid expansion of sustainable electric networks will positively impact the industry outlook. High costs related to conventional streetlight infrastructure across off-grid areas along with ongoing electrification programs will stimulate the product demand. In addition, surge in deployment of pico-solar systems on account of positive regulatory reforms pertaining to the expansion of solar network will drive the business landscape.

Solar Street Lighting Industry, By Luminaries

CFL luminaries will onlook growth on account of mass procurement programs funded by respective government authorities along with escalating awareness toward renewable energy assets. Stringent government measures to reduce the utilization of toxic heavy metals comprising mercury may restrain the product demand. However, lower operation costs, low maintenance and reduced chances of overheating are some the underlined parameters that will complement the business outlook.

LED luminaries is projected to grow on account of efficient wattage and lumen characteristics when compared with the existing counterparts. High adoption rates of renewable energy powered devices along with rising subsidy schemes and tax incentives will positively impact the business landscape. In addition, increasing focus pertaining to resource optimization along with various government initiatives subject to renewable energy adoption will complement the product demand.

Solar Street Lighting Market, By Application

Industrial application is set to surpass 800 thousand units by 2024. Advanced smart control networking initiatives along with rise in on-site electricity generation will boost the industry growth. Ongoing development toward sustainable manufacturing accompanied by growing need for energy optimization are few of the imperative parameters which will complement the business growth. Furthermore, net metering, feed-in tariffs, incentivization and other favourable reforms will positively influence the business landscape. 

Residential application is anticipated to witness a substantial growth on account of increasing housing societies coupled with lower maintenance cost associated with these systems. The government-assisted street lighting program along with rapidly increasing urbanization will boost the product penetration. In addition, high adoption of integrated lighting units along with increasing consumer awareness pertaining to the benefits of solar lighting systems will propel the industry growth.

Solar Street Lighting Industry, By Region

Europe region was valued over USD 350 million in 2017. High adoption of solar lighting systems across various sectors along with stringent regulatory framework for energy-efficient requirements of lighting systems will propel the industry growth. Large number of prevailing smart city projects coupled with substantial progress pertaining to renewable energy integration will encourage the product penetration. In addition, regional expansion, higher cost margins, development of new applications and integration of distribution networks will thrust the business growth.

Asia Pacific region is projected to exhibit significant growth on account of government initiatives pertaining to the adoption of energy efficient lighting systems along with declining product costs and expansion of manufacturing facilities. In addition, significant growth in distributed solar projects coupled with rising demand for improved energy management systems will boost the industry growth.

Competitive Market Share

Eminent participants operating across the industry includes Bridgelux, Solar Street Lights USA, Shenzhen Spark Optoelectronics, Solar Lighting International, Dragons Breath, Anhui Longvolt, Greenshine New Energy, Bisol, Solar G, Orion, Covimed, SOKOYO, Philips Lighting, Zhuhai Bomin, Jinhua SunMaster, Exide Industries, Sol, Su-Kam, SEPCO, Leadsun, Omega, Solux, Urja Global and Sunna Design.

Advancements in distribution channels, innovative sustainable energy financing schemes and introduction of new products are some of the major strategic initiatives undertaken by the eminent industry participants. In additn, the companies are focusing toward expanding geographical presence and product enhancement to maintain competitive edge.

Solar Street Lighting Industry Background

These are elevated lights sources powered by solar panels mounted on the lighting structure. Photovoltaic panels are installed on remote or off grid locations and find various applications in commercial, industrial & residential purposes. The energy generated gets deposited into batteries which is used to lighten pathway. Government initiatives & schemes for adoption of off grid electricity is projected to be a prime factor augmenting the industry growth.

Chapter 1   Methodology & Scope

1.1   Methodology

1.2   Market definitions

1.3   Market estimations and forecast parameters

1.4   Data Sources

1.4.1   Primary

1.4.2   Secondary

1.4.2.1    Paid secondary

1.4.2.2    Public secondary

Chapter 2   Executive Summary

2.1     Solar street lighting industry 3600 synopsis, 2013 – 2024

2.1.1   Business trends

2.1.2   Regional trends

2.1.3   Product trends

2.1.4   Luminaries trends

2.1.5   Application trends

Chapter 3   Solar Street Lighting Industry Insights

3.1     Industry segmentation

3.2     Industry landscape, 2013 – 2024 (USD Million)

3.3     Industry ecosystem analysis

3.3.1   Vendor matrix

3.4     Innovation & sustainability

3.5     Regulatory landscape

3.5.1   U.S

3.5.2   India

3.5.3   South Africa

3.5.3.1   Renewable Energy Independent Power Producer Procurement programme (REIPPP)

3.5.3.2   National Development Plan (NDP)

3.5.4   Kenya

3.5.4.1   One Million Solar Streetlight Project

3.5.5   China

3.5.5.1   The Renewable Energy Law

3.5.5.2   1000 Villages Solar LED Lighting Program

3.5.5.3   China’s 12th Five-Year Plan (2011-2015)

3.6     Price trend analysis, by component

3.6.1   Solar panels

3.6.2   Battery trend

3.6.3   Luminaries price trend

3.7     Comparative analysis

3.7.1   LED

3.7.2   CFL

3.8     Cost structure analysis

3.8.1   Solar panel

3.8.2   Battery

3.8.3   Pole

3.8.2   Lamp

3.8.3   Other component

3.9     Industry impact forces

3.9.1   Growth drivers

3.9.1.1   Increasing demand for clean energy

3.9.1.2   Growing electricity demand

3.9.1.3   Increasing off grid electricity demand

3.9.1.4   Decreasing solar lighting component cost

3.9.2   Industry pitfalls & challenges

3.9.2.1   High initial cost and lack of customer awareness

3.10    Growth potential analysis

3.11    Customer requirement

3.12    Customer group requirment

3.13    Porter’s Analysis

3.14    Competitive landscape, 2017

3.14.1   Strategy dashboard

3.14.1.1    Philips Lighting Holding B.V.

3.14.1.2    Exide Industries

3.14.1.3    Sunna Design

3.14.1.4    Bridgelux, Inc.

3.14.2   Competitive advantage

3.1.4   Company market share

3.15    PESTEL Analysis

Chapter 4   Solar Street Lighting Market, By Product

4.1     Solar street lighting market share by product, 2017 & 2024

4.2     Standalone

4.2.1   Global market estimates and forecast from standalone, 2013 – 2024

4.2.2   Global market volume, by region from standalone, 2013 – 2024

4.2.3   Global market revenue, by region form standalone, 2013 – 2024

4.3     Grid-connected

4.3.1   Global market estimates and forecast from grid-connected, 2013 – 2024

4.3.2   Global market volume, by region from grid-connected, 2013 – 2024

4.3.3   Global market revenue, by region from grid-connected, 2013 – 2024

Chapter 5   Solar Street Lighting Market, By Luminaries

5.1     Solar street lighting market share by luminaries, 2017 & 2024

5.2     LED

5.2.1   Global market estimates and forecast from LED, 2013 – 2024

5.2.2   Global market estimates, by region from LED, 2013 – 2024

5.2.3   Global market estimates, by region from LED, 2013 – 2024

5.3     CFL

5.3.1   Global market estimates and forecast from CFL, 2013 – 2024

5.3.2   Global market estimates, by region from CFL, 2013 – 2024

5.3.3   Global market estimates, by region from CFL, 2013 – 2024

Chapter 6   Solar Street Lighting Market, By Application

6.1     Solar street lighting market share by application, 2017 & 2024

6.2     Residential

6.2.1   Global market estimates and forecast from residential, 2013 – 2024

6.2.2   Global market estimates, by region from residential, 2013 – 2024

6.2.3   Global market estimates, by region from residential, 2013 – 2024

6.3     Commercial

6.3.1   Global market estimates and forecast from commercial, 2013 – 2024

6.3.2   Global market estimates, by region from commercial, 2013 – 2024

6.3.3   Global market estimates, by region from commercial, 2013 – 2024

6.4     Industrial

6.4.1   Global market estimates and forecast from industrial, 2013 – 2024

6.4.2   Global market estimates, by region from industrial, 2013 – 2024

6.4.3   Global market estimates, by region from industrial, 2013 – 2024

Chapter 7   Solar Street Lighting Market, By Region

7.1     Solar street lighting market share by region, 2017 & 2024

7.2     North America

7.2.1   North America market estimates and forecast, 2013 – 2024

7.2.2   North America market estimates and forecast, by product, 2013 – 2024

7.2.3   North America market estimates and forecast, by luminaries, 2013 – 2024

7.2.4   North America market estimates and forecast, by application, 2013 – 2024

7.2.5   U.S.

7.2.5.1   U.S. market estimates and forecast, 2013 – 2024

7.2.5.2   U.S. market estimates and forecast, by product, 2013 – 2024

7.2.5.3   U.S. market estimates and forecast, by luminaries, 2013 – 2024

7.2.5.4   U.S. market estimates and forecast, by application, 2013 – 2024

7.2.6   Canada

7.2.6.1   Canada market estimates and forecast, 2013 – 2024

7.2.6.2   Canada market estimates and forecast, by product, 2013 – 2024

7.2.6.3   Canada market estimates and forecast, by luminaries, 2013 – 2024

7.2.6.4   Canada market estimates and forecast, by application, 2013 – 2024

7.3     Europe

7.3.1   Europe market estimates and forecast, 2013 – 2024

7.3.2   Europe market estimates and forecast, by product, 2013 – 2024

7.3.3   Europe market estimates and forecast, by luminaries, 2013 – 2024

7.3.4   Europe market estimates and forecast, by application, 2013 – 2024

7.3.5   Germany

7.3.5.1   Germany market estimates and forecast, 2013 – 2024

7.3.5.2   Germany market estimates and forecast, by product, 2013 – 2024

7.3.5.3   Germany market estimates and forecast, by luminaries, 2013 – 2024

7.3.5.4   Germany market estimates and forecast, by application, 2013 – 2024

7.3.6   UK

7.3.6.1   UK market estimates and forecast, 2013 – 2024

7.3.6.2   UK market estimates and forecast, by product, 2013 – 2024

7.3.6.3   UK market estimates and forecast, by luminaries, 2013 – 2024

7.3.6.4   UK market estimates and forecast, by application, 2013 – 2024

7.3.7   France

7.3.7.1   France market estimates and forecast, 2013 – 2024

7.3.7.2   France market estimates and forecast, by product, 2013 – 2024

7.3.7.3   France market estimates and forecast, by luminaries, 2013 – 2024

7.3.7.4   France market estimates and forecast, by application, 2013 – 2024

7.4     Asia Pacific

7.4.1   Asia Pacific market estimates and forecast, 2013 – 2024

7.4.2   Asia Pacific market estimates and forecast, by product, 2013 – 2024

7.4.3   Asia Pacific market estimates and forecast, by luminaries, 2013 – 2024

7.4.4   Asia Pacific market estimates and forecast, by application, 2013 – 2024

7.4.5   China

7.4.5.1   China market estimates and forecast, 2013 – 2024

7.4.5.2   China market estimates and forecast, by product, 2013 – 2024

7.4.5.3   China market estimates and forecast, by luminaries, 2013 – 2024

7.4.5.4   China market estimates and forecast, by application, 2013 – 2024

7.4.6   Japan

7.4.6.1   Japan market estimates and forecast, 2013 – 2024

7.4.6.2   Japan market estimates and forecast, by product, 2013 – 2024

7.4.6.3   Japan market estimates and forecast, by luminaries, 2013 – 2024

7.4.6.4   Japan market estimates and forecast, by application, 2013 – 2024

7.4.7   Indonesia

7.4.7.1   Indonesia market estimates and forecast, 2013 – 2024

7.4.7.2   Indonesia market estimates and forecast, by product, 2013 – 2024

7.4.7.3   Indonesia market estimates and forecast, by luminaries, 2013 – 2024

7.4.7.4   Indonesia market estimates and forecast, by application, 2013 – 2024

7.4.8   India

7.4.8.1   India market estimates and forecast, 2013 – 2024

7.4.8.2   India market estimates and forecast, by product, 2013 – 2024

7.4.8.3   India market estimates and forecast, by luminaries, 2013 – 2024

7.4.8.4   India market estimates and forecast, by application, 2013 – 2024

7.4.9   Thailand

7.4.9.1   Thailand market estimates and forecast, 2013 – 2024

7.4.9.2   Thailand market estimates and forecast, by product, 2013 – 2024

7.4.9.3   Thailand market estimates and forecast, by luminaries, 2013 – 2024

7.4.9.4   Thailand market estimates and forecast, by application, 2013 – 2024

7.4.10   Australia

7.4.10.1    Australia market estimates and forecast, 2013 – 2024

7.4.10.2    Australia market estimates and forecast, by product, 2013 – 2024

7.4.10.3    Australia market estimates and forecast, by luminaries, 2013 – 2024

7.4.10.4    Australia market estimates and forecast, by application, 2013 – 2024

7.4.11   Philippines

7.4.11.1    Philippines market estimates and forecast, 2013 – 2024

7.4.11.2    Philippines market estimates and forecast, by product, 2013 – 2024

7.4.11.3    Philippines market estimates and forecast, by luminaries, 2013 – 2024

7.4.11.4    Philippines market estimates and forecast, by application, 2013 – 2024

7.4.12   Vietnam

7.4.12.1    Vietnam market estimates and forecast, 2013 – 2024

7.4.12.2    Vietnam market estimates and forecast, by product, 2013 – 2024

7.4.12.3    Vietnam market estimates and forecast, by luminaries, 2013 – 2024

7.4.12.4    Vietnam market estimates and forecast, by application, 2013 – 2024

7.4.13   Myanmar

7.4.13.1    Myanmar market estimates and forecast, 2013 – 2024

7.4.13.2    Myanmar market estimates and forecast, by product, 2013 – 2024

7.4.13.3    Myanmar market estimates and forecast, by luminaries, 2013 – 2024

7.4.13.4    Myanmar market estimates and forecast, by application, 2013 – 2024

7.4.14   New Zealand

7.4.14.1    New Zealand market estimates and forecast, 2013 – 2024

7.4.14.2    New Zealand market estimates and forecast, by product, 2013 – 2024

7.4.14.3    New Zealand market estimates and forecast, by luminaries, 2013 – 2024

7.4.14.4    New Zealand market estimates and forecast, by application, 2013 – 2024

7.4.15   Malaysia

7.4.15.1    Malaysia market estimates and forecast, 2013 – 2024

7.4.15.2    Malaysia market estimates and forecast, by product, 2013 – 2024

7.4.15.3    Malaysia market estimates and forecast, by luminaries, 2013 – 2024

7.4.15.4    Malaysia market estimates and forecast, by application, 2013 – 2024

7.5     Middle East and Africa

7.5.1   Middle East and Africa market estimates and forecast, 2013 – 2024

7.5.2   Middle East and Africa market estimates and forecast, by product, 2013 – 2024

7.5.3   Middle East and Africa market estimates and forecast, by luminaries, 2013 – 2024

7.5.4   Middle East and Africa market estimates and forecast, by application, 2013 – 2024

7.5.5   South Africa

7.5.5.1   South Africa market estimates and forecast, 2013 – 2024

7.5.5.2   South Africa market estimates and forecast, by product, 2013 – 2024

7.5.5.3   South Africa market estimates and forecast, by luminaries, 2013 – 2024

7.5.5.4   South Africa market estimates and forecast, by application, 2013 – 2024

7.5.6   Kenya

7.5.6.1   Kenya market estimates and forecast, 2013 – 2024

7.5.6.2   Kenya market estimates and forecast, by product, 2013 – 2024

7.5.6.3   Kenya market estimates and forecast, by luminaries, 2013 – 2024

7.5.6.4   Kenya market estimates and forecast, by application, 2013 – 2024

7.5.7   Ghana

7.5.7.1   Ghana market estimates and forecast, 2013 – 2024

7.5.7.2   Ghana market estimates and forecast, by product, 2013 – 2024

7.5.7.3   Ghana market estimates and forecast, by luminaries, 2013 – 2024

7.5.7.4   Ghana market estimates and forecast, by application, 2013 – 2024

7.5.8   Uganda

7.5.8.1   Uganda market estimates and forecast, 2013 – 2024

7.5.8.2   Uganda market estimates and forecast, by product, 2013 – 2024

7.5.8.3   Uganda market estimates and forecast, by luminaries, 2013 – 2024

7.5.8.4   Uganda market estimates and forecast, by application, 2013 – 2024

7.5.9   Nigeria

7.5.9.1   Nigeria market estimates and forecast, 2013 – 2024

7.5.9.2   Nigeria market estimates and forecast, by product, 2013 – 2024

7.5.9.3   Nigeria market estimates and forecast, by luminaries, 2013 – 2024

7.5.9.4   Nigeria market estimates and forecast, by application, 2013 – 2024

7.6     Latin America

7.6.1   Latin America market estimates and forecast, 2013 – 2024

7.6.2   Latin America market estimates and forecast, by product, 2013 – 2024

7.6.3   Latin America market estimates and forecast, by luminaries, 2013 – 2024

7.6.4   Latin America market estimates and forecast, by application, 2013 – 2024

7.6.5   Brazil

7.6.5.1   Brazil market estimates and forecast, 2013 – 2024

7.6.5.2   Brazil market estimates and forecast, by product, 2013 – 2024

7.6.5.3   Brazil market estimates and forecast, by luminaries, 2013 – 2024

7.6.5.4   Brazil market estimates and forecast, by application, 2013 – 2024

7.6.6   Peru

7.6.6.1   Peru market estimates and forecast, 2013 – 2024

7.6.6.2   Peru market estimates and forecast, by product, 2013 – 2024

7.6.6.3   Peru market estimates and forecast, by luminaries, 2013 – 2024

7.6.6.4   Peru market estimates and forecast, by application, 2013 – 2024

Chapter 8   Company Profiles

8.1     Anhui Longvolt Energy Co., Ltd.

8.1.1   Business Overview

8.1.2   Financial Data

8.1.3   Product Landscape

8.1.4   Strategic Outlook

8.1.5   SWOT Analysis

8.2     Bisol

8.2.1   Business Overview

8.2.2   Financial Data

8.2.3   Product Landscape

8.2.4   SWOT Analysis

8.3     Greenshine New Energy

8.3.1   Business Overview

8.3.2   Financial Data

8.3.3   Product Landscape

8.3.4   SWOT Analysis

8.4     Solar Lighting International

8.4.1   Business Overview

8.4.2   Financial Data

8.4.3   Product Landscape

8.4.4   SWOT Analysis

8.5     Solar G

8.5.1   Business Overview

8.5.2   Financial Data

8.5.3   Product Landscape

8.5.4   SWOT Analysis

8.6     Orion Solar

8.6.1   Business Overview

8.6.2   Financial Data

8.6.3   Product Landscape

8.6.4   Strategic Outlook

8.6.5   SWOT Analysis

8.7     Covimed Solar

8.7.1   Business Overview

8.7.2   Financial Data

8.7.3   Product Landscape

8.7.4   SWOT Analysis

8.8     Leadsun

8.8.1   Business Overview

8.8.2   Financial Data

8.8.3   Product Landscape

8.8.4   Strategic Outlook

8.8.5   SWOT Analysis

8.9     Jinhua SunMaster Solar Lighting Co., Ltd.

8.9.1   Business Overview

8.9.2   Financial Data

8.9.3   Product Landscape

8.9.4   SWOT Analysis

8.10    Solar Electric Power Company (SEPCO)

8.10.1   Business Overview

8.10.2   Financial Data

8.10.3   Product Landscape

8.10.4   SWOT Analysis

8.11    Shenzhen Spark Optoelectronics S&T Co., Ltd.

8.11.1   Business Overview

8.11.2   Financial Data

8.11.3   Product Landscape

8.11.4   Strategic Outlook

8.11.5   SWOT Analysis

8.12    Zhuhai Bomin Solar Technology Co., Ltd.

8.12.1   Business Overview

8.12.2   Financial Data

8.12.3   Product Landscape

8.12.4   SWOT Analysis

8.13    Solux

8.13.1   Business Overview

8.13.2   Financial Data

8.13.3   Product Landscape

8.13.4   SWOT Analysis

8.14    Urja Global Limited

8.14.1   Business Overview

8.14.2   Financial Data

8.14.3   Product Landscape

8.14.4   Strategic Outlook

8.14.5   SWOT Analysis

8.15    Sol, Inc.

8.15.1   Business Overview

8.15.2   Financial Data

8.15.3   Product Landscape

8.15.4   Strategic Outlook

8.15.5   SWOT Analysis

8.16    Solar Street Lights USA

8.16.1   Business Overview

8.16.2   Financial Data

8.16.3   Product Landscape

8.16.4   Strategic Outlook

8.16.5   SWOT Analysis

8.17    Exide Industries Ltd.

8.17.1   Business Overview

8.17.2   Financial Data

8.17.3   Product Landscape

8.17.4   Strategic Outlook

8.17.5   SWOT Analysis

8.18    Su-Kam Power Systems Ltd.

8.18.1   Business Overview

8.18.2   Financial Data

8.18.3   Product Landscape

8.18.4   Strategic Outlook

8.18.5   SWOT Analysis

8.19    Sunna Design

8.19.1   Business Overview

8.19.2   Financial Data

8.19.3   Product Landscape

8.19.4   Strategic Outlook

8.19.5   SWOT Analysis

8.20    Philips Lighting Holding B.V.

8.20.1   Business Overview

8.20.2   Financial Data

8.20.3   Product Landscape

8.20.4   Strategic Outlook

8.20.5   SWOT Analysis

8.21    SOKOYO Solar Group

8.21.1   Business Overview

8.21.2   Financial Data

8.21.3   Product Landscape

8.21.4   Strategic Outlook

8.21.5   SWOT Analysis

8.22    Dragons Breath Solar

8.22.1   Business Overview

8.22.2   Financial Data

8.22.3   Product Landscape

8.22.4   SWOT Analysis

8.23    Bridgelux, Inc.

8.23.1   Business Overview

8.23.2   Financial Data

8.23.3   Product Landscape

8.23.4   Strategic Outlook

8.23.5   SWOT Analysis

8.24    Omega Solar

8.24.1   Business Overview

8.24.2   Financial Data

8.24.3   Product Landscape

8.24.4   SWOT Analysis

Data Tables

TABLE 1    Solar street lighting industry 3600 synopsis, 2013 – 2024

TABLE 2    Global market estimates, 2013 – 2017 (Volume & Revenue)

TABLE 3    Global market estimates, 2018 – 2024 (Volume & Revenue)

TABLE 4    Global market by region, 2013 – 2017 (‘000 units)

TABLE 5    Global market by region, 2018 – 2024 (‘000 units)

TABLE 6    Global market estimates by region, 2013 – 2017 (USD Million)

TABLE 7    Global market estimates and forecast, 2018 – 2024 (USD Million)

TABLE 8    Global market by product, 2013 – 2017 (‘000 units)

TABLE 9    Global market by product, 2018 – 2024 (‘000 units)

TABLE 10    Global market by product, 2013 – 2017 (USD Million)

TABLE 11    Global solar street lighting market by product, 2018 – 2024 (USD Million)

TABLE 12    Global market by luminaries, 2013 – 2017 (‘000 units)

TABLE 13    Global market by luminaries, 2018 – 2024 (‘000 units)

TABLE 14    Global market by luminaries, 2013 – 2017 (USD Million)

TABLE 15    Global market by luminaries, 2018 – 2024 (USD Million)

TABLE 16    Global market by application, 2013 – 2017 (‘000 units)

TABLE 17    Global market by application, 2018 – 2024 (‘000 units)

TABLE 18    Global market by application, 2013 – 2017(USD Million)

TABLE 19    Global market by application, 2018 – 2024 (USD Million)

TABLE 20    Government initiatives

TABLE 21    Industry impact forces

TABLE 22    Global market estimates from standalone, 2013 – 2017 (Volume & Revenue)

TABLE 23    Global market estimates and forecast from standalone, 2018 – 2024 (Volume & Revenue)

TABLE 24    Global market estimates from standalone, 2013 – 2017 (‘000 units)

TABLE 25    Global market estimates and forecast from standalone, 2017 – 2024 (‘000 units)

TABLE 26    Global market estimates form standalone, 2013 – 2017 (USD Million)

TABLE 27    Global estimates and forecast from standalone, 2018 – 2024 (USD Million)

TABLE 28    Global market estimates from grid-connected, 2013 – 2017 (Volume & Revenue)

TABLE 29    Global market estimates and f

Solar Street Lighting Market, By Product

Grid connected solar street lighting market will onlook growth owing to introduction of various government programs including net metering and feed in tariff (FIT). In addition, reduced transmission losses along with integration of smart grid technologies will foster the business growth. Furthermore, faster response & recovery time and efficient management of grid disturbances will increase the product penetration.

Standalone product is projected to witness gains over 12% by 2024. Increasing adoption across remote & off grid areas along with the rapid expansion of sustainable electric networks will positively impact the industry outlook. High costs related to conventional streetlight infrastructure across off-grid areas along with ongoing electrification programs will stimulate the product demand. In addition, surge in deployment of pico-solar systems on account of positive regulatory reforms pertaining to the expansion of solar network will drive the business landscape.

Solar Street Lighting Industry, By Luminaries

CFL luminaries will onlook growth on account of mass procurement programs funded by respective government authorities along with escalating awareness toward renewable energy assets. Stringent government measures to reduce the utilization of toxic heavy metals comprising mercury may restrain the product demand. However, lower operation costs, low maintenance and reduced chances of overheating are some the underlined parameters that will complement the business outlook.

LED luminaries is projected to grow on account of efficient wattage and lumen characteristics when compared with the existing counterparts. High adoption rates of renewable energy powered devices along with rising subsidy schemes and tax incentives will positively impact the business landscape. In addition, increasing focus pertaining to resource optimization along with various government initiatives subject to renewable energy adoption will complement the product demand.

Solar Street Lighting Market, By Application

Industrial application is set to surpass 800 thousand units by 2024. Advanced smart control networking initiatives along with rise in on-site electricity generation will boost the industry growth. Ongoing development toward sustainable manufacturing accompanied by growing need for energy optimization are few of the imperative parameters which will complement the business growth. Furthermore, net metering, feed-in tariffs, incentivization and other favourable reforms will positively influence the business landscape. 

Residential application is anticipated to witness a substantial growth on account of increasing housing societies coupled with lower maintenance cost associated with these systems. The government-assisted street lighting program along with rapidly increasing urbanization will boost the product penetration. In addition, high adoption of integrated lighting units along with increasing consumer awareness pertaining to the benefits of solar lighting systems will propel the industry growth.

Bridgelux, Solar Street Lights USA, Shenzhen Spark Optoelectronics, Solar Lighting International, Dragons Breath, Anhui Longvolt, Greenshine New Energy, Bisol, Solar G, Orion, Covimed, SOKOYO, Philips Lighting, Zhuhai Bomin, Jinhua SunMaster, Exide Industries, Sol, Su-Kam, SEPCO, Leadsun, Omega, Solux, Urja Global and Sunna Design.

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