Solar Street Lighting Market Research Report- Forecast 2027

Global Solar Street Lighting Market, By Type (Standalone, On Grid), By Product Type (Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED)), By Application (Residential, Commercial, Industrial), and By Regions - Forecast 2020-2027.

ID: MRFR/E&P/3907-HCR | February 2021 | Region: Global | 110 pages

Please note that the assessment period of the report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for the updated data.

Market Synopsis of Solar Street Lighting Market:


Street lighting is a core piece of urban and rural infrastructure. Lighting helps create a safe environment for both pedestrians and drivers. Many streetlights around the world are now being updated to LED lighting, which uses less energy and is more reliable than traditional sodium lamps, significantly reducing the cost of keeping streets illuminated. Increasingly, solar power is being used for street lighting around the world. The long term power saving, conservation of precious natural resources and elimination of the need for generating additional power are leading to the fast adoption of solar street lighting around the world. Solar street lights are able to provide reliable, quality lighting both in developing and developed countries, thereby reducing light poverty and the economic and environmental costs of electric outdoor lighting. Rapid technical innovation and dramatic price reduction in the LED, PV module, and battery components, which has occurred in the last years, will accelerate the penetration of solar street lights across the world.


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.


The growing demand for clean and renewable energy, easy setup and low cost of maintenance during its operation, act as major drivers for the growth of the solar street lighting market. Solar energy plays an important role in reducing the environment pollution and has a bright prospect of applications. 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.


The primary driver of the global solar street lighting market is the rising assertion of the adverse effects of the traditional forms of energy attained from the conventional fuel types and degrading levels of fossil fuels in natural reservoirs across the globe. As a result of this, governments across the world are supporting and promoting the development and use of electricity through sustainable sources of energy. In areas where grid electricity cannot be provided, off-grid energy has played significant role, thus pushing solar street lighting market towards growth.


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.


MRFR analysts predict that the global solar street lighting market will grow steadily during the forecast period and post a CAGR of around 21.02% by 2023.


Global Solar Street Lighting Market: Segmentation


 Solar Street Lighting Market


Development is occurring more rapidly in the US and Europe. However, some suppliers also market solar powered LED lighting products to 3rd World countries or developing countries such as India and in the Middle East. Geographically, the global solar street lighting market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Region-wise, the global solar street lighting market was dominated by Asia Pacific. The extensive progress of the Asia Pacific market can primarily be attributed to the proliferating urbanization in countries such as India and China. The growing GDP of dynamic economies in the region, and the increasing high-end technologies from developed regions, are also leading to its progress. Areas with a lack of public infrastructure use a correspondingly larger number of solar products.


We recognize the key players in the global solar street lighting market 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).


The report for Global Solar Street Lighting Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Frequently Asked Questions (FAQ) :


A CAGR of 21.02% is predicted to hasten the development of the market.

A soaring income level is estimated to be seen in the market during the forecast period.

The Asia Pacific region is projected to harness the availability of abundant sunlight and longer daylight hours in the coming years.

The segments of product type, type, application, and region are expected to encourage the market in the upcoming period.

The factors of clean and renewable energy and its easy setup are anticipated to bolster the market in the coming years. 

Table of Contents

1 Executive Summary


2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of Suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Solar Street Lighting Market By Type

5.1 Introduction

5.2 Standalone

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 On Grid

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Solar Street Lighting Market, By Product Type

6.1 Introduction

6.2 Compact Fluorescent Lamps (CFL)

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Light Emitting Diode (LED)

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Solar Street Lighting Market, By Application

7.1 Introduction

7.2 Residential

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Commercial

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Industrial

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Solar Street Lighting Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Type , 2020-2027

8.2.3 Market Estimates & Forecast by Product Type , 2020-2027

8.2.4 Market Estimates & Forecast by Application , 2020-2027

8.2.5 The U.S

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Type , 2020-2027

8.2.5.3 Market Estimates & Forecast by Product Type , 2020-2027

8.2.5.4 Market Estimates & Forecast by Application , 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Type , 2020-2027

8.2.6.3 Market Estimates & Forecast by Product Type , 2020-2027

8.2.6.4 Market Estimates & Forecast by Application , 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Type , 2020-2027

8.3.3 Market Estimates & Forecast by Product Type , 2020-2027

8.3.4 Market Estimates & Forecast by Application , 2020-2027

8.3.5 U.K

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Type , 2020-2027

8.3.5.3 Market Estimates & Forecast by Product Type , 2020-2027

8.3.5.4 Market Estimates & Forecast by Application , 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Type , 2020-2027

8.3.6.3 Market Estimates & Forecast by Product Type , 2020-2027

8.3.6.4 Market Estimates & Forecast by Application , 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Type , 2020-2027

8.3.7.3 Market Estimates & Forecast by Product Type , 2020-2027

8.3.7.4 Market Estimates & Forecast by Application , 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Type , 2020-2027

8.3.8.3 Market Estimates & Forecast by Product Type , 2020-2027

8.3.8.4 Market Estimates & Forecast by Application , 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Type , 2020-2027

8.3.9.3 Market Estimates & Forecast by Product Type , 2020-2027

8.3.9.4 Market Estimates & Forecast by Application , 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Type , 2020-2027

8.4.3 Market Estimates & Forecast by Product Type , 2020-2027

8.4.4 Market Estimates & Forecast by Application , 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Type , 2020-2027

8.4.5.3 Market Estimates & Forecast by Product Type , 2020-2027

8.4.5.4 Market Estimates & Forecast by Application , 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Type , 2020-2027

8.4.6.3 Market Estimates & Forecast by Product Type , 2020-2027

8.4.6.4 Market Estimates & Forecast by Application , 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Type , 2020-2027

8.4.7.3 Market Estimates & Forecast by Product Type , 2020-2027

8.4.7.4 Market Estimates & Forecast by Application , 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Type , 2020-2027

8.4.8.3 Market Estimates & Forecast by Product Type , 2020-2027

8.4.8.4 Market Estimates & Forecast by Application , 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Type , 2020-2027

8.5.3 Market Estimates & Forecast by Product Type , 2020-2027

8.5.4 Market Estimates & Forecast by Application , 2020-2027

9 Competitive Landscape

10 Company Profile

10.1 VerySol Inc. (U.S.)

10.1.1 Company Overview

10.1.2 Products/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Solar Street Lights USA (U.S.)

10.2.1 Company Overview

10.2.2 Products/Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Dragons Breath Solar (U.K.)

10.3.1 Company Overview

10.3.2 Products/Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Urja Global Ltd. (India)

10.4.1 Company Overview

10.4.2 Products/Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Solektra International LLC (U.S.)

10.5.1 Company Overview

10.5.2 Products/Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Bridgelux Inc. (U.S.)

10.6.1 Company Overview

10.6.2 Products/Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 SOKOYO Solar Group (China)

10.7.1 Company Overview

10.7.2 Products/Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Sunna Design (France)

10.8.1 Company Overview

10.8.2 Products/Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Sol Inc.(U.S.)

10.9.1 Company Overview

10.9.2 Products/Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.9 Philips Lighting Holding B.V.( the Netherlands)

10.10.1 Company Overview

10.10.2 Products/Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.9 Omega Solar (India)

10.10.1 Company Overview

10.10.2 Products/Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

List of Tables


Table 1 Global Solar Street Lighting Market: By Region, 2020-2027

Table 2 North America Solar Street Lighting Market: By Country, 2020-2027

Table 3 Europe Solar Street Lighting Market: By Country, 2020-2027

Table 4 Asia Pacific Solar Street Lighting Market: By Country, 2020-2027

Table 5 RoW Solar Street Lighting Market: By Country, 2020-2027

Table 6 Global Solar Street Lighting Market by Type , By Regions, 2020-2027

Table 7 North America Solar Street Lighting Market by Type , By Country, 2020-2027

Table 8 Europe Solar Street Lighting Market, by Type , By Country, 2020-2027

Table 9 Asia Pacific Solar Street Lighting Market by Type , By Country, 2020-2027

Table 10 RoW Solar Street Lighting Market by Type , By Country, 2020-2027

Table 11 Global Solar Street Lighting by Product Type Market: By Regions, 2020-2027

Table 12 North America Solar Street Lighting Market by Product Type : By Country, 2020-2027

Table 13 Europe Solar Street Lighting Market by Product Type : By Country, 2020-2027

Table 14 Asia Pacific Solar Street Lighting Market by Product Type : By Country, 2020-2027

Table 15 RoW Solar Street Lighting Market by Product Type : By Country, 2020-2027

Table 16 Global Solar Street Lighting Market by Application , By Regions, 2020-2027

Table 17 North America Solar Street Lighting Market by Application , By Country, 2020-2027

Table 18 Europe Solar Street Lighting Market by Application , By Country, 2020-2027

Table 19 Asia Pacific Solar Street Lighting Market by Application , By Country, 2020-2027

Table 20 RoW Solar Street Lighting Market by Application , By Country, 2020-2027

Table 21 Global Type Market: By Region, 2020-2027

Table 22 Global Product Type Market: By Region, 2020-2027

Table 23 Global Application Market: By Region, 2020-2027

Table 24 North America Solar Street Lighting Market By Country

Table 25 North America Solar Street Lighting Market By Type

Table 26 North America Solar Street Lighting Market By Product Type

Table 27 North America Solar Street Lighting Market By Application

Table 28 Europe: Solar Street Lighting Market By Country

Table 29 Europe: Solar Street Lighting Market By Type

Table 30 Europe: Solar Street Lighting Market By Product Type

Table 31 Europe: Solar Street Lighting Market By Application

Table 32 Asia Pacific: Solar Street Lighting Market By Country

Table 33 Asia Pacific: Solar Street Lighting Market By Type

Table 34 Asia Pacific: Solar Street Lighting Market By Product Type

Table 35 Asia Pacific: Solar Street Lighting Market By Application

Table 36 RoW: Solar Street Lighting Market By Region

Table 37 RoW Solar Street Lighting Market By Type

Table 38 RoW Solar Street Lighting Market By Product Type

Table 39 RoW Solar Street Lighting Market By Application



List of Figures


FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 impact analysis: market drivers

FIGURE 5 impact analysis: market restraints

FIGURE 6 porter’s five forces analysis

FIGURE 7 Value chain analysis

FIGURE 8 GLOBAL Solar Street Lighting MARKET SHARE, BY Raw Material, 2020 (%)

FIGURE 9 GLOBAL Solar Street Lighting Market BY Type , 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL Solar Street Lighting MARKET SHARE, BY Application, 2020 (%)

FIGURE 11 GLOBAL Solar Street Lighting Market BY Application , 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL Solar Street Lighting MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL Solar Street Lighting Market BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 North America Solar Street Lighting MARKET SHARE (%), 2020

FIGURE 15 North America Solar Street Lighting MARKET BY Country, 2020-2027 (USD MILLION)

FIGURE 16 Europe Solar Street Lighting MARKET SHARE (%), 2020

FIGURE 17 Europe Solar Street Lighting MARKET BY Country, 2020-2027 (USD MILLION)

FIGURE 18 Asia Pacific Solar Street Lighting Market SHARE (%), 2020

FIGURE 19 Asia Pacific Solar Street Lighting Market BY Country, 2020-2027 (USD MILLION)

FIGURE 20 Rest of the World Solar Street Lighting MARKET SHARE (%), 2020

FIGURE 21 Rest of the World Solar Street Lighting MARKET BY Country, 2020-2027 (USD MILLION)