The Global Solar Street Lighting Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Solar Street Lighting Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. The global solar street lighting market is estimated to witness a major jump in revenue from US$ 4,438.0 Mn in 2022 to US$ 15,716.4 Mn by 2030 at a CAGR of 17.19% over the projection period 2023-2030. In terms of volume, the market is expected to register a CAGR of 15.01% during the forecast period.
The report gives a thorough analysis of the global Solar Street Lighting Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- Acuity Brands, Inc.
- Bajaj Electricals Ltd.
- Bridgelux Inc.
- Cooper Lighting, LLC
- Dragons Breath Solar
- Jiangsu SOKOYO Solar Lighting Co., Ltd.
- Omega Solar
- Philips Lighting Holding B.V.
- Signify Holding BV
- Sol Inc.
- Solar Street Lights USA
- Solektra International LLC
- Sunna Design
- Urja Global Ltd.
- VerySol Inc.
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Solar Street Lighting Market includes
By Type segment of the Global Solar Street Lighting Market is sub-segmented into:
- Portable
- Standalone
- Centralized
- Others
By Component segment of the Global Solar Street Lighting Market is sub-segmented into:
- Controller
- Lamp
- Compact fluorescent light (CFL)
- Light-emitting diode (LED)
- Metal halide
- Sodium vapor
- Others
- Solar Panel
- Sensors
- Night & Motion Sensors
- Passive Infrared (PIR) Sensors
- Battery
- Lead-acid
- Lithium-Ion
- Others
By Application segment of the Global Solar Street Lighting Market is sub-segmented into:
- Parking Lot
- Highway and Roadway
- Airport Runway
- Manufacturing Site
- Playgrounds
- Garden
- Others
By Region segment of the Global Solar Street Lighting Market is sub-segmented into:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Italy
- Spain
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the global Solar Street Lighting Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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