The solar street lighting market will grow considerably in the years to come. The reducing rates of solar street lighting solutions and the growing count of smart cities are the main factors powering the growth of the industry.
Also, growing development in emerging regions is generating ample prospects for the solar street lighting industry to power well in the future.
Also, growing development in emerging regions is generating ample prospects for the solar street lighting industry to power well in the future.
The solar panel category was the leader of the industry in the past, and will maintain this trend in the future as well. This is because solar panels are the most significant component of a solar lighting system and are comparatively expensive as opposed to the other components.
The solar panel offers electricity for charging the battery during the day, which illumines the lamps attached to it, when there is no light.
The solar panel offers electricity for charging the battery during the day, which illumines the lamps attached to it, when there is no light.
In the years to come, the retrofit category will have the larger share. Likewise, phasing out of incandescent lights in India, China, Brazil, South Africa, and the U.S. has powered the replacement of older technologies lamps with LEDs, which will help the industry to grow in the years to come.
Highway and roadway had the largest share in the past, because of wide use of lighting products in roadways & highways. The category is will be the fastest growing in the years to come.
Highway and roadway had the largest share in the past, because of wide use of lighting products in roadways & highways. The category is will be the fastest growing in the years to come.
APAC dominated the industry in the past, because of increasing infra projects and initiatives of the government in India, Japan, China, Australia, and South Korea for the disposition of solar lighting systems.
As per IEA, China dominated the region in the past with regards to implementation of solar lighting system solutions and had 42.8% share in total PV capacity. The region will also dominate the industry in the years to come as well.
Because of the fact that solar light is a reliable source of lighting all over the world, the demand for solar street lighting is growing, and will continue to be like this in the years to come as well.
As per IEA, China dominated the region in the past with regards to implementation of solar lighting system solutions and had 42.8% share in total PV capacity. The region will also dominate the industry in the years to come as well.
Because of the fact that solar light is a reliable source of lighting all over the world, the demand for solar street lighting is growing, and will continue to be like this in the years to come as well.