The
new research study from Transparency Market Research, titled “Solar
Street Lighting Market - Global Industry Analysis, Size, Share,
Growth Trends, and Forecast 2015 - 2023”, delivers a 360-degree
view of the market. An in-depth analysis of the global solar street
lighting market is available in the report with key drivers and
restraints. The study provides a clear future outlook of the global
solar street lighting market with the growth opportunities for new
entrants and established players operating in this market.
Browse
Solar Street Lighting
Market Report with
Full TOC at :
http://www.transparencymarketresearch.com/solar-street-lighting-market.html
The
demand for energy is on the rise. Furthermore, the depleting levels
of fossil fuels are further exacerbating the demand for energy.
Hence, the popularity of alternative energy sectors such as solar has
gained a positive momentum in the past few years. Moreover, the solar
sector has grown substantially in the past year. In the solar
industry, the solar street lighting market is projected to expand
steadily in the coming few years.
Presently,
street light manufacturers are investing in products that are
energy-efficient and offer off-grid power solutions. This is
projected to support the growth of the global solar street lighting
market. In addition to this, solar street lighting works as a viable
solution regardless of the terrain they are installed in. It also
helps cut down the energy load on the economy and, in turn, offers
fiscal savings for the government and taxpayers. Another advantage of
solar street lighting is that it requires negligible maintenance cost
as no wiring or transformer costs is involved. Solar street lighting
(SSL) also aids in reducing the overall carbon footprint. The
numerous advantages associated with solar street lighting products
will drive their demand worldwide.
Nevertheless,
there are certain factors that will restrain the growth of the global
solar street lighting market. This technology is relatively new and
consumers and industry stakeholders are not yet aware of the
aforesaid advantages of this technology, jeopardizing their
decision-making process. Furthermore, globally, this technology is
not feasible in areas where there is no sunlight or not adequate
sunlight all year round. Solar street lighting is still in its
innovation phase and the lack of standardization will suppress the
global solar street lighting market. Some of the issues that have
stemmed due to the lack of standardization of this technology are
over-designing, lack of quality, and under-designing. Being at its
nascent stage, the solar street lighting technology has yet to create
a substantial impact in several nations and it might be years before
this technology can be implemented on a large scale.
For
further inquiries, click here :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6532
However,
this means there are a wealth of opportunities for market players,
including both SMBs and MNCs, in the global solar street lighting
market. Some of the key players operating in the global solar street
lighting market are Su-Kam Power Systems, Koninklijke Philips, ON
Semiconductor, Solar Street Lights USA, and Clear Blue Technologies.
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Us
Transparency
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