Rise in the demand for electricity around the world together with continuous increase in prices of energy are some of the key factors that have resulted into increased participation of government as well as non-government organizations in campaigns that promote the installation of solar lighting systems. This factor is driving the demand avenues in the global solar street lighting market. Moreover, the market for solar street lighting is being driven by presence of many schemes that offer incentives for deployment of solar lighting systems.
Government authorities of many nations across the globe are initializing different campaigns focused on the energy conservation and the carbon footprints reduction. Moreover, due to rising awareness about the environmental concerns, global population is growing support to and showing participation in such campaigns. These factors are fueling the sales opportunities in the global solar street lighting market.
Manufacturers Focus on Developing Efficient Solar Lighting Solutions
Players operating in the global solar street lighting market are focusing on the development and launch of superior quality products. Hence, many solar street lighting manufacturers are seen increasing cash in-flow toward R&Ds. Moreover, many companies in the global market for solar street lighting are gaining advantage of subsidies provided by government authorities in order to develop highly efficient solar lighting solutions.
Some of the key players operating in the global solar street lighting market include OkSolar.com, Solar Street Lights USA, Solar Electric Power Co., Silicon Solar, and Solar Lighting International Inc.
Asia Pacific: Fastest Growing Region for Solar Street Lighting Market
The solar street lighting market in Asia Pacific is prognosticated to gain sizable business opportunities in the upcoming years. The growth of Asia pacific solar street lighting market is attributed to many factors including increase in initiatives by many developing nations for promoting the use of energy efficient energy solutions.