According to Stratistics MRC, the Global Solar Street Lighting market is accounted for $4.43 billion in 2019 and is expected to reach $16.30 billion by 2027 growing at a CAGR of 17.7% during the forecast period. Some of the key factors propelling the market growth are higher potential of solar equipments coupled with rising demand for clean energy sources and escalating off grid electricity demand. However, huge initial cost and be short of customer awareness is the restraining factor for the growth of the market.
Solar street light (SSL) are widely being used for outside street lighting as their most important source of energy is solar power. Through no dependence on conventional sources of energy, these lighting mediums work on stand-alone mode, eradicating the need for a general grid of any power necessities.
By application, industrial segment is likely to have a huge demand in the forecast period due to expansion toward sustainable manufacturing accompanied by mounting require for energy optimization are little of the imperative parameters which will complement the business growth. Additionally, net metering, feed-in tariffs, incentivization and extra favorable reforms will positively influence the business landscape.
On the basis of geography, Europe is expected to have a huge demand in the forecast period owing to more adoption of solar lighting systems across different sectors along with strict regulatory framework for energy efficient necessities of lighting systems will push the industry growth. Huge number of prevailing smart city projects attached with substantial progress pertaining to renewable energy integration will give confidence the product penetration.
Some of the key players in Solar Street Lighting Market include Acuity Brands, Inc, Bajaj Electricals, Cooper Lighting division , Digital Lumens, Inc, Dragons Breath Solar , Encelium Technologies, Inc, Honeywell International , Lutron Elecronics, Co, Matsushita Electric Industrial Co, Omega Solar, Osram Licht AG , Philips Lighting holding B.V , Royal Philips Electronics N.V, Siemens, SOKOYO Solar Group, Streetlight.Vision and Zumtobel AG.
Types Covered:
- Grid Connected
- Standalone
Lighting Sources Covered:
- Light Emitting Diode [LED]
- Compact Fluorescent Lamps [CFL]
Applications Covered:
- Commercial
- Industrial
- Residential
End Users Covered:
- Private Sectors
- Governments
Regions Covered:
- North America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Solar Street Lighting Market, By Type
- 5.1 Introduction
- 5.2 Grid Connected
- 5.3 Standalone
6 Global Solar Street Lighting Market, By Lighting Source
- 6.1 Introduction
- 6.2 Light Emitting Diode [LED]
- 6.3 Compact Fluorescent Lamps [CFL]
7 Global Solar Street Lighting Market, By Application
- 7.1 Introduction
- 7.2 Commercial
- 7.3 Industrial
- 7.4 Residential
8 Global Solar Street Lighting Market, By End User
- 8.1 Introduction
- 8.2 Private Sectors
- 8.3 Governments
9 Global Solar Street Lighting Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Acuity Brands, Inc
- 11.2 Bajaj Electricals
- 11.3 Cooper Lighting division
- 11.4 Digital Lumens, Inc
- 11.5 Dragons Breath Solar
- 11.6 Encelium Technologies, Inc
- 11.7 Honeywell International
- 11.8 Lutron Elecronics, Co
- 11.9 Matsushita Electric Industrial Co
- 11.10 Omega Solar
- 11.11 Osram Licht AG
- 11.12 Philips Lighting holding B.V
- 11.13 Royal Philips Electronics N.V
- 11.14 Siemens
- 11.15 SOKOYO Solar Group
- 11.16 Streetlight.Vision
- 11.17 Zumtobel AG
List of Tables
- Table 1 Global Solar Street Lighting Market Outlook, By Region (2018-2027) ($MN)
- Table 2 Global Solar Street Lighting Market Outlook, By Type (2018-2027) ($MN)
- Table 3 Global Solar Street Lighting Market Outlook, By Grid Connected (2018-2027) ($MN)
- Table 4 Global Solar Street Lighting Market Outlook, By Standalone (2018-2027) ($MN)
- Table 5 Global Solar Street Lighting Market Outlook, By Lighting Source (2018-2027) ($MN)
- Table 6 Global Solar Street Lighting Market Outlook, By Light Emitting Diode [LED] (2018-2027) ($MN)
- Table 7 Global Solar Street Lighting Market Outlook, By Compact Fluorescent Lamps [CFL] (2018-2027) ($MN)
- Table 8 Global Solar Street Lighting Market Outlook, By Application (2018-2027) ($MN)
- Table 9 Global Solar Street Lighting Market Outlook, By Commercial (2018-2027) ($MN)
- Table 10 Global Solar Street Lighting Market Outlook, By Industrial (2018-2027) ($MN)
- Table 11 Global Solar Street Lighting Market Outlook, By Residential (2018-2027) ($MN)
- Table 12 Global Solar Street Lighting Market Outlook, By End-User (2018-2027) ($MN)
- Table 13 Global Solar Street Lighting Market Outlook, By Private Sectors (2018-2027) ($MN)
- Table 14 Global Solar Street Lighting Market Outlook, By Governments (2018-2027) ($MN)
- Table 15 North America Solar Street Lighting Market Outlook, By Country (2018-2027) ($MN)
- Table 16 North America Solar Street Lighting Market Outlook, By Type (2018-2027) ($MN)
- Table 17 North America Solar Street Lighting Market Outlook, By Grid Connected (2018-2027) ($MN)
- Table 18 North America Solar Street Lighting Market Outlook, By Standalone (2018-2027) ($MN)
- Table 19 North America Solar Street Lighting Market Outlook, By Lighting Source (2018-2027) ($MN)
- Table 20 North America Solar Street Lighting Market Outlook, By Light Emitting Diode [LED] (2018-2027) ($MN)
- Table 21 North America Solar Street Lighting Market Outlook, By Compact Fluorescent Lamps [CFL] (2018-2027) ($MN)
- Table 22 North America Solar Street Lighting Market Outlook, By Application (2018-2027) ($MN)
- Table 23 North America Solar Street Lighting Market Outlook, By Commercial (2018-2027) ($MN)
- Table 24 North America Solar Street Lighting Market Outlook, By Industrial (2018-2027) ($MN)
- Table 25 North America Solar Street Lighting Market Outlook, By Residential (2018-2027) ($MN)
- Table 26 North America Solar Street Lighting Market Outlook, By End-User (2018-2027) ($MN)
- Table 27 North America Solar Street Lighting Market Outlook, By Private Sectors (2018-2027) ($MN)
- Table 28 North America Solar Street Lighting Market Outlook, By Governments (2018-2027) ($MN)
- Table 29 Europe Solar Street Lighting Market Outlook, By Country (2018-2027) ($MN)
- Table 30 Europe Solar Street Lighting Market Outlook, By Type (2018-2027) ($MN)
- Table 31 Europe Solar Street Lighting Market Outlook, By Grid Connected (2018-2027) ($MN)
- Table 32 Europe Solar Street Lighting Market Outlook, By Standalone (2018-2027) ($MN)
- Table 33 Europe Solar Street Lighting Market Outlook, By Lighting Source (2018-2027) ($MN)
- Table 34 Europe Solar Street Lighting Market Outlook, By Light Emitting Diode [LED] (2018-2027) ($MN)
- Table 35 Europe Solar Street Lighting Market Outlook, By Compact Fluorescent Lamps [CFL] (2018-2027) ($MN)
- Table 36 Europe Solar Street Lighting Market Outlook, By Application (2018-2027) ($MN)
- Table 37 Europe Solar Street Lighting Market Outlook, By Commercial (2018-2027) ($MN)
- Table 38 Europe Solar Street Lighting Market Outlook, By Industrial (2018-2027) ($MN)
- Table 39 Europe Solar Street Lighting Market Outlook, By Residential (2018-2027) ($MN)
- Table 40 Europe Solar Street Lighting Market Outlook, By End-User (2018-2027) ($MN)
- Table 41 Europe Solar Street Lighting Market Outlook, By Private Sectors (2018-2027) ($MN)
- Table 42 Europe Solar Street Lighting Market Outlook, By Governments (2018-2027) ($MN)
- Table 43 Asia Pacific Solar Street Lighting Market Outlook, By Country (2018-2027) ($MN)
- Table 44 Asia Pacific Solar Street Lighting Market Outlook, By Type (2018-2027) ($MN)
- Table 45 Asia Pacific Solar Street Lighting Market Outlook, By Grid Connected (2018-2027) ($MN)
- Table 46 Asia Pacific Solar Street Lighting Market Outlook, By Standalone (2018-2027) ($MN)
- Table 47 Asia Pacific Solar Street Lighting Market Outlook, By Lighting Source (2018-2027) ($MN)
- Table 48 Asia Pacific Solar Street Lighting Market Outlook, By Light Emitting Diode [LED] (2018-2027) ($MN)
- Table 49 Asia Pacific Solar Street Lighting Market Outlook, By Compact Fluorescent Lamps [CFL] (2018-2027) ($MN)
- Table 50 Asia Pacific Solar Street Lighting Market Outlook, By Application (2018-2027) ($MN)
- Table 51 Asia Pacific Solar Street Lighting Market Outlook, By Commercial (2018-2027) ($MN)
- Table 52 Asia Pacific Solar Street Lighting Market Outlook, By Industrial (2018-2027) ($MN)
- Table 53 Asia Pacific Solar Street Lighting Market Outlook, By Residential (2018-2027) ($MN)
- Table 54 Asia Pacific Solar Street Lighting Market Outlook, By End-User (2018-2027) ($MN)
- Table 55 Asia Pacific Solar Street Lighting Market Outlook, By Private Sectors (2018-2027) ($MN)
- Table 56 Asia Pacific Solar Street Lighting Market Outlook, By Governments (2018-2027) ($MN)
- Table 57 South America Solar Street Lighting Market Outlook, By Country (2018-2027) ($MN)
- Table 58 South America Solar Street Lighting Market Outlook, By Type (2018-2027) ($MN)
- Table 59 South America Solar Street Lighting Market Outlook, By Grid Connected (2018-2027) ($MN)
- Table 60 South America Solar Street Lighting Market Outlook, By Standalone (2018-2027) ($MN)
- Table 61 South America Solar Street Lighting Market Outlook, By Lighting Source (2018-2027) ($MN)
- Table 62 South America Solar Street Lighting Market Outlook, By Light Emitting Diode [LED] (2018-2027) ($MN)
- Table 63 South America Solar Street Lighting Market Outlook, By Compact Fluorescent Lamps [CFL] (2018-2027) ($MN)
- Table 64 South America Solar Street Lighting Market Outlook, By Application (2018-2027) ($MN)
- Table 65 South America Solar Street Lighting Market Outlook, By Commercial (2018-2027) ($MN)
- Table 66 South America Solar Street Lighting Market Outlook, By Industrial (2018-2027) ($MN)
- Table 67 South America Solar Street Lighting Market Outlook, By Residential (2018-2027) ($MN)
- Table 68 South America Solar Street Lighting Market Outlook, By End-User (2018-2027) ($MN)
- Table 69 South America Solar Street Lighting Market Outlook, By Private Sectors (2018-2027) ($MN)
- Table 70 South America Solar Street Lighting Market Outlook, By Governments (2018-2027) ($MN)
- Table 71 Middle East & Africa Solar Street Lighting Market Outlook, By Country (2018-2027) ($MN)
- Table 72 Middle East & Africa Solar Street Lighting Market Outlook, By Type (2018-2027) ($MN)
- Table 73 Middle East & Africa Solar Street Lighting Market Outlook, By Grid Connected (2018-2027) ($MN)
- Table 74 Middle East & Africa Solar Street Lighting Market Outlook, By Standalone (2018-2027) ($MN)
- Table 75 Middle East & Africa Solar Street Lighting Market Outlook, By Lighting Source (2018-2027) ($MN)
- Table 76 Middle East & Africa Solar Street Lighting Market Outlook, By Light Emitting Diode [LED] (2018-2027) ($MN)
- Table 77 Middle East & Africa Solar Street Lighting Market Outlook, By Compact Fluorescent Lamps [CFL] (2018-2027) ($MN)
- Table 78 Middle East & Africa Solar Street Lighting Market Outlook, By Application (2018-2027) ($MN)
- Table 79 Middle East & Africa Solar Street Lighting Market Outlook, By Commercial (2018-2027) ($MN)
- Table 80 Middle East & Africa Solar Street Lighting Market Outlook, By Industrial (2018-2027) ($MN)
- Table 81 Middle East & Africa Solar Street Lighting Market Outlook, By Residential (2018-2027) ($MN)
- Table 82 Middle East & Africa Solar Street Lighting Market Outlook, By End-User (2018-2027) ($MN)
- Table 83 Middle East & Africa Solar Street Lighting Market Outlook, By Private Sectors (2018-2027) ($MN)
- Table 84 Middle East & Africa Solar Street Lighting Market Outlook, By Governments (2018-2027) ($MN)