Solar Street Lighting Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

Among the basic requirements of an efficient street lighting system, long operating life, low voltage, and high efficiency are the principle aspects that any country looks for. While the latest technological landscape has several solutions to address the aforementioned requirements, curbing the dependence on non-renewable energy sources has emerged as a soaring concern. Developed and developing nations alike are at present exploring technologies that will allow them to keep their streets illuminated harnessing energy from renewable sources. The demand for solar street lighting systems has therefore surged exponentially around the world. A recent study conducted by Transparency Market Research, a leading market intelligence firm, reveals that the global solar street lighting market is anticipated to exhibit robust growth over the forthcoming years.

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Since outdoor street lighting units primarily derive energy from solar power, they function in a standalone mode. These lighting systems, unlike their precursors, are therefore not dependent on the common grid systems for power. Since these outdoor lighting systems are more dependent on sunlight, it is important that the lighting units be installed in an open area where direct sunlight is available throughout the day without any obstruction whatsoever.

Solar Street Lighting Provides Viable Street Lighting Solutions Using Solar Energy

The prevailing market scenario has impelled street light manufacturers to look for more efficient alternatives while providing efficient off-grid power solutions. This has increased the demand for solar street lighting (SSL) systems. A key aspect promoting the use of SSL is that these systems provide a viable street lighting solution in any terrain and irrespective of the availability of grid connectivity. Secondly, these systems help reduce the energy load on any economy, subsequently resulting in fiscal savings both for the government as well as the taxpayers. Solar street lighting systems also have a negligible maintenance cost, since it requires neither wiring nor transformers. It also helps in reducing carbon emissions.

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Despite the several benefits that solar street lighting offers, not many stakeholders across the globe are quite aware of the advantages offered by the novel technology. Lack of awareness invariably jeopardizes the prospects of the market, thereby slowing the adoption of the technology at a global level. Additionally, the technology is still in its innovation phase and standardization of the solar street lighting system is yet to be implemented. Since the technology is relatively new and has some way to go before it has an impact globally, it is likely to be a few years before it is adopted on a large scale across the world.

Asia Pacific Exhibits Increased Production and Implementation of Solar Street Lighting

Based on application, the global solar street lighting market is divided into solar traffic lights and level street lights. In terms of types of lighting, the solar street lighting market includes light emitting diodes (LED) and compact fluorescent lamps (CFL). Among the regional segments of the global solar street lighting market, Asia Pacific accounts for the majority of production and implementation of SSL systems, with India and China at the forefront of the regional market. Furthermore, the North America region is also witnessing increased implementation of many national-level projects, particularly in the southern states of the U.S. European cities and the Middle East also demonstrate an increased implementation of solar street lighting systems.

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Solar Street Lighting Market Segment Forecasts up to 2023,Research Reports:Transparency Market Research

Outdoor street lighting units are used to illuminate a street or open areas via solar street lighting (SSL). Since their primary energy source is solar power, they operate in a stand-alone mode, therefore are not dependent on the general grid for any power requirements, whatsoever. Due to their dependency on sunlight, the lighting unit needs to be installed in a shadow-free area or a place where direct sunlight is available throughout the day to sufficiently charge the batteries for one working cycle. The standalone solar photovoltaic street lighting system comprises of a re-chargeable lead acid battery for storage, PV (photovoltaic) modules for charging the battery,Compact Fluorescent Lamp (CFL) as a light source, suitable electronics for the operation of the tamp and safe charging and discharging of the battery and mechanical hardware for fixing these sub systems. These lighting systems are available either with automatic dusk to dawn operation or with a pre-set timer. Tubular Batteries provided with the solar street lighting system require lower maintenance; have longer life and give better performance as compared to pasted plate batteries used earlier.The SPV modules are reported to have a service life of 15-20 years.

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Current market scenarios have prompted street light manufacturers to look for alternatives that are efficient and provide off-grid power solutions. This gives way to certain drivers that boost the solar street lighting market. One of the most important fundamentals involved with SSL is the fact that they provide a viable solution to street lighting in any terrain, irrespective of whether there is grid connectivity to that location or not. Secondly, they reduce energy load on the economy leading to more fiscal savings for the government as well as the taxpayers. Solar street lights also give the benefit of having negligible maintenance cost, no wiring or transformer costs as well as reduction in carbon footprint. Contrary to that, since this technology is relatively new, customers as well as industry stakeholders are not quite aware of the benefits of the technology yet which jeopardizes the decision making process. On a global level, this technology cannot be adopted everywhere as there is a definite need for sunlight, for the SSL systems to work. Moreover, the technology is still in the innovation phase and standardization of SSL systems has not been implemented thoroughly leading to over-designing, under-designing or the lack of quality. Since the technology is new and yet to create a substantial impact in many countries, it might take a few years before it is viable on a large-scale dimension which will lead to a wealth of opportunities for the market.

The solar street lighting market can be divided into many types, based on the application that they are used for, type of lighting and the location of the photovoltaic (PV) panels. County level street lights and/or solar traffic lights are two types under the application basis. Under types of lighting, there are Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED). In certain locations, depending on the extent of the lighting involved, the PV panels are either located individually on the lighting panels itself or, if the area is large, the PV panels are centrally located.

Based on production, the geographical diversification of the solar street lighting industry is far and wide. Most production and implementation of SSL systems can be found in the Asia-Pacific domain, specifically China and India. The North American region is seeing a successful implementation of a lot of county-level projects in the southern states of the U.S. Such implementation has also borne fruit in the European cities as well as the Middle East.

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Some of the companies that operate in this industry are: Koninklijke Philips N.V., Solar Street Lights USA,ON Semiconductor, Su-Kam Power Systems Ltd., Greenshine New Energy, OkSolar.com, Sol, Inc., Solar Lighting International Inc., Clear Blue Technologies,Solar Electric Power Company, and Silicon Solar.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America

This report provides comprehensive analysis of

• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• It helps in understanding the key product segments and their future
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