We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.ContinueLearn More X
Transparency Market Research, New York: The global solar street lighting market is now turning into a highly lucrative sector owing to the growth assistance by the global market forces and also increasing support from government entities and regulatory bodies. The expansive opportunities for the market development that have come up in recent years are now projected to attract new players in the global market. A high number of well-established players are now reaping the advantages of lucrative opportunities and are further expected to continue on their path to future success. “These companies in the global solar street lighting market do not require high levels of infrastructural expenditure. This thus helps in creating great room for upping the profit margins,” finds TMR analyst. The growing number of new players entering the market and the increasing presence of well-known global players is projected to help in further fragmentation of the solar street lighting market.
Request for Covid-19 Impact Analysis on Solar Street Lighting Market: https://www.transparencymarketresearch.com/Covid19.php
Some of the key companies operating in the global solar street lighting market Sol Inc.Solar Street Lights USABridgelux Inc., Dragons Breath Solar, VerySol GmbH, Solektra International, Urja Global ltd., Omega Solar, Phillips Lighting Holding BV, SOKOYO Solar Group, and Sunna Design among others.
According to the research report published by Transparency Market Research on the global solar street lighting market, the CAGR of the market will be whopping 16.24% for the given course of forecast period ranging from 2019 to 2027. This growth rate will propel the valuation of the global market to around US$12.54 by the end of 2027. Initially, in 2018, the global market was valued at US$ 3.76 bn.
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php
Commercial Sector to Become Top Application Segment
In terms of application, commercial segment is projected to account for a major share of the global solar street lighting market during the forecast period. The commercial segment is likely to expand at a significant pace during the forecast period due to the rising demand for solar street lighting in public streets, roadways, and commercial malls.
On the other hand, in terms of regional segmentation, the global solar street lighting market is expected to be dominated by the regional segment of Asia Pacific. Surging urbanization in developing countries in this region has been leading to the rise in the demand for energy. This consequently drives the demand for solar streetlights in this region. Reduction in the price of LEDs and increasing awareness about using energy-efficient lighting are expected to spur the solar lighting system market.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/23906
Brazil is the leading country in the solar street light market in Latin America. Brazil is heavily investing in LED-powered street lights. The R20 Hub in Brazil is a leading a large-scale LED street lighting program that aims at covering 13 cities with 1.5 million street lights across the country. Solar-powered street light installations in the country are driven by the need to reduce the overburdening of the power grid.
Growing Support by Government Authorities to Help Market Development
The diminishing of natural energy resources is one of the biggest driving factor for the burgeoning growth of the global solar street lighting market. Moreover, increasing awareness about green lighting and green planet initiatives are also helping to push the development of the global market. In addition to this, initiatives by the regulatory bodies and government authorities is also expected to market growth.
Purchase Premium Research Report on Solar Street Lighting Market @ https://www.transparencymarketresearch.com/checkout.php
Global Solar Street Lighting Market – Key Developments
Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm
Global Solar Street Lighting Market: Research Scope
Global Solar Street Lighting Market: by Lighting Source
Global Solar Street Lighting Market: by Type
Global Solar Street Lighting Market: by Application
Global Solar Street Lighting Market: by Region
Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm
Explore Transparency Market Research’s award-winning coverage of the global Energy & Natural Resources Industry,
Pest Control Market – Rise in urbanization and industrialization is also boosting the demand for pest control products. This, in turn, is augmenting the pest control market. Additionally, the change in climatic conditions, which helps in the growth of pests, is propelling the demand for pest control products. Implementation of stringent regulations regarding pest control in commercial buildings, hospitals, etc. is also fueling the demand for pest control products. This, in turn, is driving the pest control market.
Aluminum Composite Panels Market – The global aluminum composites panels market is classified on the basis of application, composition, and product. On the basis of application, the market is bifurcated into signage, interior, exterior, and others. Aluminum composites panels are most used for interior and exterior of buildings. They are also deployed for signage such as identity logos, road signs, and kiosks.
Industrial Non-woven Materials Market – Industrial non-woven materials are widely used in health care and medical sector for making disposable baby care and feminine health products. Growing population and awareness regarding health and hygiene would prove to be a driving factor for the industrial non-woven materials market in the near future. Another emerging application of industrial non-woven materials lies in geotextiles, which improve the durability of roads. The geotextiles segment currently holds a very low share of the industrial non-woven materials market. However, the segment has high growth potential, due to rising sophistication in the infrastructure development. Maintenance costs involved in the use of geotextiles are high. This proves to be a restraining factor for the geotextiles segment. Plastics is the raw material used for the manufacture of geotextiles, which is prone to price fluctuations. Also, stringent government regulations imposed on the manufacture of geotextiles are likely to hamper the demand for industrial non-woven materials market to a certain extent in the next few years.
Magnesium Phosphate Market – Solid viewpoint in fertilizers, pharmaceuticals, feed, and food and beverages application will stimulate the magnesium phosphate market development. Progression in biomedical area to treat skeletal ailments including osteoporosis and arthrodesis has improved the product usage in healthcare sector. Potential applications as bone grafting substitute because of its proficient mechanical properties, biocompatibility, and biodegradability will push the demand. Also, increased product utilization in nanoparticle shape as medication delivery vehicles and composite frameworks production will boost the product demand.
Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/solar-street-lighting-market-2017-2025.htm