Solar LED Street Lighting Market Key Players, End User, Demand and Analysis Growth Trends by 2027

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Market Size – USD 5.60 billion in 2019, Market Growth – CAGR of 13.4%, Market Trends – The rise in the Smart Solar Street Lighting popularity.

The increasing government initiative to implement smart grid and smart city, rising adoption of IoT and the growing use of energy-saving lighting systems are driving the demand for the market. 

Solar LED Street Lighting Market is forecasted to be worth USD 13.89 Billion by 2027, according to a new report by Emergen Research. The solar LED street lighting market is anticipated to grow significantly owing to the growing need for energy-efficient lighting systems and the rising integration of the IoT with lighting systems. The increase in energy usage globally is another factor for the substantial growth in the global solar LED street lighting market.

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The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Solar LED Street Lighting market and pinpoint the fundamental growth trends.  

Key participants include Su-Kam Power Systems Ltd., Sunna Design Inc., Dragon’s Breath Solar, Bridgelux, Inc., Greenshine New Energy LLC, Signify Holding B.V., Solar Lighting International Inc, Anhui Longvolt Energy Co. Ltd., BISOL Group, d.o.o., and Orion Solar among others.

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The latest research report is dubbed as the first document encompassing the latest information about the Solar LED Street Lighting market that has been gravely affected by the COVID-19 pandemic. The global health crisis poses significant threats to the future growth of the Solar LED Street Lighting industry. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.

Major Geographies Covered in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Market share

The report discovers the market’s total sale that is generated by a particular firm over a time period. Industry experts calculate share by taking into account the product sales over a period and then dividing it by the overall sales of the Solar LED Street Lighting industry over a defined period. Subject matter experts further use this metric to offer a general idea of the share and size of a firm and its immediate rivals. By providing an in-depth knowledge of the position a company, as well as an entrepreneur, holds in the Solar LED Street Lighting market

Emergen Research has segmented the global Solar LED Street Lighting Market on the basis of product, component, end-use, and region:

  • Product Outlook (Revenue, USD Billion; 2017-2027)
    • Grid Connected
    • Standalone
  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Solar Cell
    • Light Pole
    • LED lamps
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Residential
    • Industrial
    • Commercial

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