Solar Street Lighting Market size was valued at USD 2.9 billion in 2017 and annual installation is anticipated to exceed 9 million units by 2024
Rising demand for sustainable energy along with growing potential of solar technologies will foster the market growth. Declining component cost on account of financial leveraging, growing manufacturing facilities and improving economies of scale will stim
(EMAILWIRE.COM, August 09, 2018 ) Global Solar Street Lighting Market is set to witness growth over 20% and exceed USD 15 billion by 2024. Government initiatives including subsidies, and tax exemption on solar products will positively influence the solar street lighting market. Increasing need for self-sustenance and eliminate dependence on grid power will further fuel the industry outlook. In 2016, Government of Sweden announced to reduce tax by 98% on generation of solar electricity for own use.
Increasing demand for energy-efficient lighting solutions coupled with stringent government regulations for consumption of energy will propel the solar street lighting market. Shift from conventional energy to renewable energy will further complement the business outlook. In 2016, EnGoPLANET partnered with city of Las Vegas for installation of solar-kinetic-based street lights in the city.
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Growing need to reduce power consumption by street lights along with aim to curb carbon emissions will augment the growth of solar street lighting market. Installation of these systems will provide reliable, affordable and sustainable source of lighting. The European Union has set a target to reduce energy used for general lighting to 20% by 2020 when compared to the projected use of energy.
LED accounted for over 85% of solar street lighting market volume share in 2015. Higher efficiency and lifespan features when compared with conventional luminaries makes its adoption preferable over other counterparts.
Growing investments towards energy efficient building structure along with introduction of green building regulation will favor the solar street lighting market. In 2015, Egypt minister of electricity had signed a USD 157 million contract with AOI to replace around 4 million streetlights with solar LED versions.
The government of India is concentrating on developing around 100 smart cities in the country, by 2030. Solar street lights are cost-effective solution for off-grid lighting of cities and will positively encourage the growth of solar street lighting system.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/770
In 2016, Canada government announced zero carbon building scheme to reduce the GHG emissions to 30% by 2030 which is projected to positively impact the Canada solar street lighting market.
In 2015, Dubai Supreme Council of Energy (DSCE) has set a target to reduce CO2 emissions to 16% by 2021. It is also aiming to generate 75% of its energy from renewables by 2050, which will positively influence the demand for solar street lighting market in Dubai.
In 2016, Zimbabwe announced to install 10,000 solar street lights in Harare district and streets out of city. The above underlined plan will thrust the Zimbabwe solar street lighting market.
Major participants in solar street lighting market are Solektra International, Philips Lighting Holding B.V., Sunna Design, Street Lights USA, Urja Global, Bridgelux, SOKOYO Solar Group, Sol, VERYSOL Gmbh, Solar, Dragons Breath Solar and Omega Solar.
Increasing demand for energy-efficient lighting solutions coupled with stringent government regulations for consumption of energy will propel the solar street lighting market. Shift from conventional energy to renewable energy will further complement the business outlook. In 2016, EnGoPLANET partnered with city of Las Vegas for installation of solar-kinetic-based street lights in the city.
Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/770
Growing need to reduce power consumption by street lights along with aim to curb carbon emissions will augment the growth of solar street lighting market. Installation of these systems will provide reliable, affordable and sustainable source of lighting. The European Union has set a target to reduce energy used for general lighting to 20% by 2020 when compared to the projected use of energy.
LED accounted for over 85% of solar street lighting market volume share in 2015. Higher efficiency and lifespan features when compared with conventional luminaries makes its adoption preferable over other counterparts.
Growing investments towards energy efficient building structure along with introduction of green building regulation will favor the solar street lighting market. In 2015, Egypt minister of electricity had signed a USD 157 million contract with AOI to replace around 4 million streetlights with solar LED versions.
The government of India is concentrating on developing around 100 smart cities in the country, by 2030. Solar street lights are cost-effective solution for off-grid lighting of cities and will positively encourage the growth of solar street lighting system.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/770
In 2016, Canada government announced zero carbon building scheme to reduce the GHG emissions to 30% by 2030 which is projected to positively impact the Canada solar street lighting market.
In 2015, Dubai Supreme Council of Energy (DSCE) has set a target to reduce CO2 emissions to 16% by 2021. It is also aiming to generate 75% of its energy from renewables by 2050, which will positively influence the demand for solar street lighting market in Dubai.
In 2016, Zimbabwe announced to install 10,000 solar street lights in Harare district and streets out of city. The above underlined plan will thrust the Zimbabwe solar street lighting market.
Major participants in solar street lighting market are Solektra International, Philips Lighting Holding B.V., Sunna Design, Street Lights USA, Urja Global, Bridgelux, SOKOYO Solar Group, Sol, VERYSOL Gmbh, Solar, Dragons Breath Solar and Omega Solar.
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Arun Hegde
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results