Transparency Market Research Reports: Solar Street Lighting Market Growth

Monday, 4 January 2016

Global Solar Street Lighting Market to Offer a Wealth of Opportunities to Players

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.

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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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Friday, 27 November 2015

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.

In-depth research report on Solar Street Lighting Market with Full TOC at : http://www.transparencymarketresearch.com/solar-street-lighting-market.html

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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