Solar street lights are prominently used for outdoor lighting and rely on solar power as their primary source of energy. Photovoltaic panels mounted on an integrated pole provide power to these lights. With the growing demand for continuous power in both developing and developed regions, the market for solar street lighting is expanding. Other factors, such as technological advancements in solar street lighting design, have resulted in a reduction in solar lighting components, making them a viable alternative to the traditional street light.
The rise of energy-efficient lighting systems is a significant factor driving market growth. Energy-efficient lighting systems reduce electricity demand and are a more cost-effective method of lighting than traditional lighting methods. According to international agencies, lighting accounts for 19% of global electricity consumption and 25-30% of home energy consumption. The development of solar technologies that are integrated with clean energy sources will drive market growth. Solar energy, unlike finite fossil fuels, is a renewable, free, and sustainable source of energy.
The expanded role of government initiatives, as well as an increase in private and public funding for R&D and proposed long-term legislative programs, are driving market growth. The Prakash Path is a government scheme that converts India's lights to 100 percent by utilizing the potentials that LEDs have, and it can save us 20,000 MW of power consumption. Every Indian citizen now has access to power. Other factors that will drive market growth include lower battery costs, continuous innovation, and making it affordable in households and municipalities.
The use of compact fluorescent lamps, as well as efforts to reduce the use of heavy toxic metals, will slow market growth. CFLs are adaptable and can be used in any situation where incandescent bulbs would normally be used. They come in a variety of shapes and sizes and can be used in recessed fixtures, table lamps, track lighting, or ceiling lighting.
Cleaning Energy is a long-term strategic development; the demand for solar panels will be enormous in the future. At the moment, more and more solar street light can be seen on the road, and there are many solar street lights to be installed in the countryside; it has become popular in our daily lives. As a result, solar street lights have become a new development trend and have led the way in the lighting industry's new development. Solar street lights are energy-efficient, environmentally friendly, safe, do not require paving, are simple to install, and can be controlled automatically, among other benefits. The most common types of solar street lights are motion sensor solar powered outdoor lighting, solar street lighting, solar lawn lighting, solar landscape lighting, and solar signal lighting.
With the scarcity of global resources, the cost of basic energy is rising, safety and pollution concerns are widespread, the cost of international basic energy is rising, energy supply is tight, and alternative energy is gaining traction. Solar energy has gradually replaced traditional energy for city production and basic energy for lives as an infinite renewable energy source. After the widespread use of solar heat, solar lighting has emerged as one of the most important solar applications, gaining increasing attention from the energy and lighting industries.
Solar street light is powered by solar, it is to use solar power to charge in the daytime, and battery discharges to provide power supply for lighting source at night, safety, energy-saving and non-polluting, save electric cost, maintenance free, promising prospect, environmentally friendly, and it can be widely applied for farm yard, noble residence, plant, construction plant, villa, garden, road, and so on.
In city streets, street lights play an important role. It is convenient for people who want to go out at night. It appears to be very ordinary, everywhere on the road, but it truly shines at night in our city, for people. The standard of living has greatly improved. It not only beautifies the urban night sky, but it also aids in the landscaping of urban landscapes. Solar street lights are a type of lighting that generates electricity from the sun. Solar street lamps, as opposed to traditional incandescent street lamps, use solar energy. Solar energy is used to charge the battery during the day. At night, the battery can power the lamps and meet the lighting requirements. The solar street lamps are safe for the environment. The sunlight is energy, and its installation is relatively simple. It eliminates the need for electric lines, saves a significant amount of manpower and material resources, improves installation efficiency, and has positive social and economic consequences.
According to data research, the global market for solar street lights had a total sales volume of 1.45 billion dollars in 2012, which has since increased to 2.95 billion dollars in 2017. The market volume for solar street lights is expected to reach $6.45 billion by 2022. From 2017 to 2022, the annual compound growth rate of solar street lights would be 16.92 percent. The Asian-Pacific region has the largest global market share, with a 35.56 percent market share in 2012 and a 38.93 percent market share in 2017, an increase of 3.37 percent. The African and Middle Eastern markets are trailing APAC, with market shares of 27.51 percent in 2016. Furthermore, the APAC market for solar street lights is expected to grow at the fastest rate. The growth of the solar street light market is primarily driven by downstream applications. Furthermore, most governments implement a variety of positive policies to encourage the use of solar street lights, owing to their environmental benefits and cost-effectiveness. A sophisticated solar street lighting system can save a significant amount of energy.
From above, we can predict that solar street lights will become increasingly popular and common. Countries' goal is to develop solar street lights. It is critical to establish a clean and fresh ecological system. In China, solar street lamps are widely used. In China, these are new types of street lamps. It could be argued that the use of solar street lamps has heralded a new era. Many new streetlamps will now be led streetlamps. Solar led street lamps are being installed in some new rural constructions.
1. At this time, northern China's pollution needs to be improved. The Chinese people have become increasingly concerned about environmental issues. As a type of green energy, solar street lamps are environmentally friendly, green, and energy-saving.
2. It is a renewable resource for solar energy resources. It can be used as long as there is sunlight. It is a good thing in some areas where resources are scarce, such as places with inconvenient transportation, but the light is sufficient. The location where solar led street lights can be used to fully utilise solar energy resources.
3. The development prospect of solar street lights are quite broad, because with the improvement of people's living standards, nightlife is rich in both urban and rural areas, so in the dark night, the demand for street lamps is still relatively high. As a result, solar led street lights will have a bright future in the coming years.
Key players in Solar Street Lighting Market
The “Global Solar Street Lighting Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as
- Philips Lighting Holding B.V
- SOKOYO Solar Group
- Sol Inc.
- Dragons Breath Solar
- Omega Solar
- MarSunna Design Inc.
- Urja Global Ltd.
- Solektra International
- Leadsun VerySol GmbH
- Solar Street Lights USA
- Yingli Solar