Astute Analytica’s recent report on the Global Solar Street Lighting Market outlines various sections discussing the prospects of the market. The report contains a thorough analysis of the market, discussing trends, growth factors, challenges, innovations, and outperforming strategies. Based on primary and secondary research, this in-depth analysis includes both qualitative and quantitative studies.

The Solar Street Lighting Market is estimated to witness a major jump in revenue from US$ 3,972 Mn in 2021 to US$ 15,716.4 Mn by 2030. The market is registering a CAGR of 17.12% over the projection period 2022-2030.

The global Solar Street Lighting is forecast to experience strong growth potential due to growing energy consumption across the world. It is majorly attributed to the rising population, increasing industrialization, and growing urbanization. Further, the growing range of data centers and other commercial buildings will also contribute to the growth of the market.

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COVID-19 Impact Analysis

The Global Solar Street Lighting experienced a sharp decline due to the COVID-19 outbreak. According to data from BP’s Statistical Review of World Energy, Primary energy consumption dropped by nearly 4.5% in 2020, which is considered to be the largest decline since 1945.

The same source estimates that the US, India, and Russia witnessed the largest declines in energy consumption. However, China recorded a significant increase of nearly 2.1% in the energy demand. This thorough study by Astute Analytica covers all the factors impacting the market directly or indirectly. The report discusses the contribution of regions and companies in the form of investments and innovative strategies.

Regional Analysis

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

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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

Key Players Insights

Philips Lighting Holdings B.V., Signify Holding BV, Acuity Brands, Bridgelux Inc., Bajaj Electricals Limited, Urja Global Ltd, Cooper Lighting LLC, Dragons Breath Solar, Omega solar, Solar Street Lights USA and Solektra International LLC among others.

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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