Growing Adoption of Conventional Energy Boost Adoption of Solar Street Lightings and Benefits Its Market

The essential vitality wellspring of open air street lighting units is solar power and a great deal of them are made to work in an independent mode, which makes them autonomous from the general power matrix. They are progressively reliant on daylight and require the lighting units after introduced in such an area along these lines, that it can get adequate daylight.

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Which are the key variables driving development of the global solar street lighting market?

The global solar street lighting market is picking up footing from the help of various governments globally. These administrations are progressively attempting to preserve vitality and lower carbon impressions. The consistent rising vitality and cost of vitality are expanding interest for power, globally, has incited number of governments for including the universal and provincial non-legislative associations (NGOs) for announcing working of these few projects and plans.

Sellers are urged to give productive solar lighting arrangements, particularly in developing economies, for example, India, where the administration has as of late propelled an activity to supplant 35 mn streetlights and about 800 mn radiant bulbs with vitality proficient LED bulbs.

What are the elements preventing development of the global solar street lighting market?

The global solar street lighting market is relied upon to confront issues, for example, advancement of another innovation that is loaded up with solid ordinary items and opponents. The clients are stepping with questions because of low degree of mindfulness about in general advantages of supporting and moderately costlier innovation. Besides, usage of solar street lightings in certain areas is troublesome as the daylight is shifted with the adjustment in areas. Accordingly, even without thinking about capricious climate conditions. These variables are hampering reception of the solar street lighting and hampering development of the market.

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A portion of the key players working in the global solar street lighting market incorporate Solar Street Lights USA, Solar Lighting International Inc., OkSolar.com, Silicon Solar, and Solar Electric Power Co.

Growing Uptake of Solar Energy to Boost Adoption of Solar Street Lightings and Driving Growth of the Solar Street Lightings Market

The primary energy source of outdoor street lighting units is solar power and a lot of them are made to operate in a standalone mode, which makes them independent from the general power grid. They are increasingly dependent on sunlight and require the lighting units after installed in such a location so that it can receive ample sunlight.

Which are the key factors driving growth of the global solar street lighting market?

The global solar street lighting market is gaining traction from the support of numerous governments globally. These governments are increasingly trying to conserve energy and lower carbon footprints. The continuous rising energy and cost of energy are augmenting demand for electricity, globally, has prompted number of governments for involving the international and regional non-governmental organizations (NGOs) for declaring working of these several programs and schemes.

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What are the factors hindering growth of the global solar street lighting market?

The global solar street lighting market is expected to face problems such as promotion of a new technology that is filled with strong conventional products and rivals. The customers are treading with doubts due to low level of awareness about overall benefits of supporting and relatively costlier technology. Furthermore, implementation of solar street lightings in some locations is difficult as the sunlight is varied with the change in locations. Thus, even without considering unpredictable weather conditions. These factors are hampering adoption of the solar street lighting and hampering growth of the market.

Some of the key players operating in the global solar street lighting market include Solar Street Lights USA, Solar Lighting International Inc., OkSolar.com, Silicon Solar, and Solar Electric Power Co.

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Solar Street Lighting Market is set for a Potential Growth by 2025

Global Solar Street Lighting Market: Snapshot

The global market for solar lighting is gaining remarkably from the overwhelming support of various governments across the world, trying hard to conserve energy and reduce carbon footprints. The continual rise in the energy cost and the augmenting demand for electricity, worldwide, has prompted a number of governments to involve with international as well as regional non-governmental organizations (NGOs) for launching several programs and schemes, such as subsidies for the deploying solar lighting systems, in a bid to curb the shrinking of non-renewable energy resources. Vendors are encouraged to provide efficient solar lighting solutions, especially in emerging economies, such as India, where the government has recently launched an initiative to replace 35 mn streetlights and nearly 800 mn incandescent bulbs with energy-efficient LED bulbs.

Although solar lighting is being easily accepted across the world, developing economies in Asia and Africa will enjoy the main benefits of this technology. The governments in these nations are focusing primarily on the development of infrastructure, which has made providing centralized grid electricity financially challenging for them as it requires high capital, extensive workforce, and time to develop an entire transmission and distribution infrastructure. This, as a result, has compelled these countries to prefer solar lighting. The continual deployment of solar streetlights in these countries is likely to propel the overall market in the near future.

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Global Solar Street Lighting Market: Overview

The primary energy source of outdoor street lighting units is solar power and a lot of them are made to operate in a standalone mode, therefore making them independent of the general power grid. However, their dependency on sunlight requires the lighting units to be installed in a location that can receive ample sunlight at key parts of the day. The solar PV street lighting system comprises a rechargeable lead acid battery, PV modules for charging the battery, a compact fluorescent lamp (CFL) as a light source, an electronics system for the operation of the lamp, and a discharging mount and mechanical hardware for fixing the system. Common SPV modules are expected to have a service life of 15 to 20 years.

Global Solar Street Lighting Market: Top Trends

One of the key drivers augmenting the global solar street lighting market is the high priority that many nations are giving to looking for alternatives that are efficient and provide off-grid power solutions. This gives way to certain drivers that boost the solar street lighting market. A crucial foundation that the global solar street lighting market is currently based on is the fact that they provide a feasible solution to conventional street lighting across a wide array of terrains, provided there is sufficient sunlight, and irrespective of grid connectivity. Solar street lightings can also reduce the overall energy load on a grid, consequently saving money over energy consumption. Solar street lights also come with the advantage of bearing low or even negligible maintenance costs, low wiring efforts and no transformer costs for off-grid lights.

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However, the global solar street lighting market still facing the problem of trying to promote a new technology in a market filled with strong conventional rivals. Customers and company stakeholders are still treading with caution owing to a low level of awareness regarding the overall benefits of supporting a relatively costlier technology. Additionally, regionally speaking, solar street lightings cannot be implemented in all locations due to the varied quantity of sunlight that each region receives, even without taking into consideration unpredictable weather conditions.

Global Solar Street Lighting Market: Core Segmentations

The global solar street lighting market can be segmented on the basis of the types of lighting technology, their applications, and the type of lighting based on the location of the PV panels. The two key applications in the global solar street lighting market are solar traffic lights and county level street lights. Under common types of lighting offered by the global solar street lighting market include compact fluorescent lamps (CFLs) and light emitting diodes (LEDs).

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Depending on the magnitude and duration of lighting required, photovoltaic panels can either be situated as individual units directly on the lighting panels, or in a centrally located cluster, if the area of operation is large.

Global Solar Street Lighting Market: Regional Markup

Based on region, the global solar street lighting market can be segmented into North America, Europe, Asia Pacific, Latin America, and The Middle East and Africa. The implementation of SSL systems can be found in Asia Pacific, specifically in China and India. Asia Pacific takes up a massive chunk of the demand volume in the global solar street lighting market currently, and is likely to continue doing so over the coming years. Meanwhile, North America and Europe are expected to continue being primary markets for solar street lighting owing to a higher rate of acceptance, a growing need to conserve power, and holding the headquarters of some of the leading players in the market.

Global Solar Street Lighting Market: Key Companies Mentioned in the Report

A few of the leaders of the global solar street lighting market so far, have included Solar Street Lights USA, OkSolar.com, Solar Lighting International Inc., Solar Electric Power Co., and Silicon Solar.

Uptake of Solar Street Lighting Boosted by Limited Non-renewable Energy Sources

San Francisco, California, August 21, 2017: A recently added report by TMR Research, titled, “Solar Street Lighting Market – Global Industry Analysis, Market size, Share, Growth, Trends, and Forecast 2017–2025,” sheds light on important aspects of the market such as its size, competitive dynamics, and growth prospects.

The report finds that serving to stoke growth in the global market for solar street lighting are government initiatives across the world to save energy and bring down carbon footprints. Further, with spiking energy costs and the insatiable demand for electricity, worldwide, governments are partnering with international as well as regional non-governmental organizations (NGOs) to come up with several programs and schemes to counter the fast depleting non-renewable sources of energy. One such scheme is subsidizing solar lighting systems. This has encouraged vendors to supply efficient solar lighting solutions, particularly in developing countries. In India, for example, the government has embarked upon a program to supplant nearly 35 million streetlights and 800 million incandescent bulbs with energy-efficient LED bulbs.

Governments in developing economies of Asia and Africa are especially keen on solar street lighting as they save them the enormous costs of building an infrastructure for providing centralized grid electricity. The primary energy source for solar street lighting is the sun’s energy and hence, they mostly operate in a standalone mode, which makes them independent of the general power grid. The continued installation of solar streetlights in such developing countries is likely to propel the overall market in the near future.

Solar street lighting is primarily used in traffic lights and county level street lights. The types of lighting include compact fluorescent lamps (CFLs) and light emitting diodes (LEDs).

Depending upon the region, the key segments of the global solar street lighting market are Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Of them, Asia Pacific is a key market on account of widespread installation of solar street lighting in the fast-expanding economies of India and China. The demand from Asia Pacific is further slated to rise in the near future. North America and Europe are other key markets on account of the higher acceptance for alternative sources of power and a pressing need to save power. Another factor that is proving beneficial for the markets in the two regions is the fact that they are home to some of the prominent players in the market.

Some of the key participants in the global solar street lighting market, profiled in the report are Solar Street Lights USA, Solar Lighting International Inc., OkSolar.com, Solar Electric Power Co., and Silicon Solar.

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