Solar Street Lighting Market Size to Grow by USD 3.77 Bn through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the solar street lighting market and it is expected to grow by USD 3.77 bn, accelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Solar Street Lighting Market: Emerging Trends to Impact Market Growth
Increase in adoption of energy-efficient lighting technologies to emerge as a key trend in the industrial solar street lighting market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Solar Street Lighting Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Anhui Longvolt Energy Co., Ltd., BISOL Group, d.o.o. , Bridgelux Inc., Carmanah Technologies Corp., DragonsBreathSolar Ltd., EnGoPlanet Energy Solutions Inc., Exide Industries Ltd., Havells India Ltd., Signify NV, and Urja Global Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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Technavio has been monitoring the global solar street lighting market and it is expected to grow by USD 3.77 billion accelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Solar Street Lighting Market: Segmentation by Product
During 2019, the CFL segment accounted for the major share of the Solar Street Lighting Market. compact fluorescent lighting is also used for professional lighting solutions, especially in developing countries. CFLs are the most commonly used fluorescent light sources as they are more efficient than incandescent bulbs. This report provides an accurate prediction of the contribution of all the segments to the growth of the solar street lighting market size.
Solar Street Lighting Market: Segmentation by Geography
APAC was the largest Solar Street Lighting market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to several initiatives undertaken by the governments to reduce GHG and improve the societal conditions. 49% of the market’s growth will originate from APAC with China and India being the key markets. Market growth in this region will be faster than the growth of the market in other regions.
Solar Street Lighting Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Anhui Longvolt Energy Co., Ltd., BISOL Group, d.o.o. and Bridgelux Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
