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Global Solar LED Street Lighting Market: Focus on Configuration Type, Applications, Competitive Landscape and Countries -Analysis and Forecast, 2018-2024

Global Solar LED Street Lighting Market: Focus on Configuration Type, Applications, Competitive Landscape and Countries -Analysis and Forecast, 2018-2024

The process of evolution of smart technology has considerably changed the overall lighting industry in terms of energy and money saving, ensuring increased safety and convenience to the users. The global economy is expected to exhaust more energy resources in the future owing to the rising demand of energy from the developing countries. Additionally, the risk of climate change associated with the use of fossil fuels has made the supply of energy increasingly difficult. Several countries such as the U.S., U.K., Germany, India, and China are opting for various methods in order to decrease the carbon dioxide concentration in the atmosphere.

Street lighting has been into existence even before the electricity was first introduced. Prior to that, fire-based lamps were setup on the sides of the streets. There have been several developments in the street lighting, thus making it an efficient and inexpensive method of lighting.

The solar LED street lighting market is expected to grow at a significant rate during the forecast period. The growth in the market can be attributed to the increasing demand of energy efficient lighting systems. The implementation of Internet of things (IoT) with lighting is expected to increase the adoption of solar LED lighting worldwide.

The demand for solar LED street lighting solutions vary according to various geographical regions. The solar LED street lighting market holds a prominent share in various countries of North America, Asia-Pacific (APAC), Europe, and the Rest-of-the-World (RoW). Geographically, APAC led the global solar LED street lighting market in 2017 in terms of volume and value. Additionally, APAC region is expected to dominate the market throughout the forecast period 2018-2024 and grow at a CAGR of 11.9%. Rising environmental concerns are expected to drive the growth of the APAC region for the global solar LED street lighting market. RoW region is expected to grow at the highest CAGR of 14.2% during the forecast period with the rising consumer awareness campaigns and subsidies provided by the government to boost the solar LED street lighting market across the Middle East and Africa.

The major countries in the APAC solar LED street lighting market include China and India. India accounted for the majority share in the year 2017. This is majorly due to the difficulty faced by most of the rural areas in the country in accessing energy due to long transmission lines and inadequate electrification, leading to the adoption of solar LED street lighting in India. Solar LED street lighting helps to fulfil the requirements of the consumers at a lower cost. Furthermore, Government of India is working towards the solar LED street lighting adoption by offering products at subsidized rates.

In the past five years, the global solar LED street lighting market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in the emerging domain. Some of the strategies that have been adopted by the solar LED street lighting solution providers are expansions, new product launches, partnerships, collaborations, contracts and agreements, and mergers & acquisitions. Among all the strategies, partnerships & collaborations has dominated the competitive landscape to become the most widely adopted strategy by the solar LED street lighting key industry players. The key market players in the global solar LED street lighting market are Signify Holding, Anhui Longvolt Energy Co. Ltd., Solar Electric Power Company, Su-Kam Power Systems Ltd., BISOL Group, d.o.o., Greenshine New Energy, Solar Lighting International, Solar G, Orion Solar, Solex Energy Limited, Dragons Breath Solar, Sol Inc., Bridgelux, Inc., Sunna Design SA, and Covimed Solar.

The report is a compilation of different segments of global solar LED street lighting market including market breakdown by configuration type, region, and application. The report further takes into consideration market dynamics and competitive landscape. The report also discusses in detail about the key participants involved in the industry. The report answers following questions about the global solar LED street lighting market:

Key questions answered in the report

  • What will be the global Solar LED Street Lighting market value by 2024 along with the estimated CAGR?
  • What are the driving factors for the global Solar LED Street Lighting market through 2017 to 2024?
  • Which factors are impeding the growth of the global Solar LED Street Lighting market?
  • What are the recent trends and developments in the global Solar LED Street Lighting industry?
  • Which Global Solar LED Street Lighting type will lead the global Solar LED Street Lighting market by 2024?
  • What is the revenue generated by Solar LED Street Lighting (types) across different application verticals during the forecast period?
  • Which application will dominate the global Solar LED Street Lighting market by 2024?
  • Which region will lead the global Solar LED Street Lighting market by 2024?

  • Executive Summay
    1 Market Dynamics
    1.1 Market Drivers
    1.1.1 Rising Energy Consumption
    1.1.2 Smart City Adoption
    1.1.3 Decreasing Cost of Solar Components
    1.1.4 Favourable Government Policies
    1.2 Market Restraints
    1.2.1 High Initial Costs
    1.2.2 Competition due to Counterfeit Products
    1.3 Market Opportunities
    1.3.1 Technological Innovation Increasing the Solar Street Lighting Market Penetration
    1.3.2 Adoption of Solar-as-a-Service (SaaS) Model
    2 Competitive Landscape
    2.1 Overview
    2.2 Key Strategies and Developments
    2.2.1 Partnerships and Collaborations
    2.2.2 Others
    2.3 Industry Attractiveness
    3 Industry Analysis
    3.1 Overview
    3.2 Solar LED Street Lighting Overview
    3.2.1 Solar LED Street Lighting Workflow
    3.2.2 Evolution of Street Lighting
    3.2.3 Comparison of Traditional Street Lighting and Solar Street Lighting
    3.3 Lighting Industry Trends
    3.3.1 Cloud-Based Lighting Controls
    3.3.2 Light Fidelity (LiFi) Becoming a Brighter Way to Communicate
    3.3.3 LED Filament Bulbs Equivalent of Incandescent Bulb with LED Lamp Benefits
    3.3.4 Lighting as a Service (LaaS)
    3.4 Consortiums and Associations
    3.5 Supply Chain Analysis
    4 Global Solar LED Street Lighting Market (by Configuration)
    4.1 Assumptions and Limitations
    4.2 Market Overview
    4.3 Stand-alone Solar Lighting System
    4.4 Grid-type Solar Lighting System
    5 Global Solar LED Street Lighting Market (by Application)
    5.1 Applications Market Overview
    5.2 Commercial Lighting
    5.3 Residential Lighting
    5.4 Industrial Lighting
    6 Global Solar LED Street Lighting Market (by Region)
    6.1 Market Overview
    6.2 North America
    6.2.1 The U.S.
    6.2.2 Canada
    6.2.3 Mexico
    6.3 Europe
    6.3.1 U.K.
    6.3.2 Germany
    6.3.3 Rest-of-Europe
    6.4 Asia-Pacific (APAC)
    6.4.1 India
    6.4.2 China
    6.4.3 Rest-of-Asia-Pacific
    6.5 Rest-of-the-World (RoW)
    6.5.1 Middle East and Africa (MEA)
    6.5.2 Latin America
    7 Company Profiles
    7.1 Overview
    7.2 Anhui Longvolt Energy Co., Ltd.
    7.2.1 Company Overview
    7.2.1.1 Corporate Summary
    7.2.2 SWOT Analysis
    7.3 BISOL Group, d.o.o.
    7.3.1 Company Overview
    7.3.1.1 Corporate Summary
    7.3.2 SWOT Analysis
    7.4 Bridgelux, Inc.
    7.4.1 Company Overview
    7.4.1.1 Corporate Summary
    7.4.2 SWOT Analysis
    7.5 COVIMED SOLAR
    7.5.1 Company Overview
    7.5.1.1 Corporate Summary
    7.5.2 SWOT Analysis
    7.6 Dragons Breath Solar
    7.6.1 Company Overview
    7.6.1.1 Corporate Summary
    7.6.2 SWOT Analysis
    7.7 Greenshine New Energy
    7.7.1 Company Overview
    7.7.1.1 Corporate Summary
    7.7.2 SWOT Analysis
    7.8 Orion Solar
    7.8.1 Company Overview
    7.8.1.1 Corporate Summary
    7.8.2 SWOT Analysis
    7.9 Signify Holding
    7.9.1 Company Overview
    7.9.2 Financials
    7.9.2.1 Financial Summary
    7.9.3 SWOT Analysis
    7.10 Sol Inc.
    7.10.1 Company Overview
    7.10.1.1 Corporate Summary
    7.10.2 SWOT Analysis
    7.11 Solar Electric Power Company
    7.11.1 Company Overview
    7.11.1.1 Corporate Summary
    7.11.2 SWOT Analysis
    7.12 Solar Lighting International
    7.12.1 Company Overview
    7.12.1.1 Corporate Summary
    7.12.2 SWOT Analysis
    7.13 Solar G
    7.13.1 Company Overview
    7.13.1.1 Corporate Summary
    7.13.2 SWOT Analysis
    7.14 SOLEX Energy Limited
    7.14.1 Company Overview
    7.14.1.1 Corporate Summary
    7.14.2 SWOT Analysis
    7.15 Su-Kam Power Systems Ltd.
    7.15.1 Company Overview
    7.15.1.1 Corporate Summary
    7.15.2 SWOT Analysis
    7.16 Sunna Design SA
    7.16.1 Company Overview
    7.16.1.1 Corporate Summary
    7.16.2 SWOT Analysis
    7.17 Urja Global Ltd.
    7.17.1 Company Overview
    7.17.1.1 Corporate Summary
    7.18 Jiangsu Sokoyo Solar Lighting Co., Ltd.
    7.18.1 Company Overview
    7.18.1.1 Corporate Summary
    7.19 SOLEKTRA INT.
    7.19.1 Company Overview
    7.19.1.1 Corporate Summary
    7.20 EnGoPlanet Inc.
    7.20.1 Company Overview
    7.20.1.1 Corporate Summary
    7.21 meeco AG
    7.21.1 Company Overview
    7.21.1.1 Corporate Summary
    7.22 KAGA, Inc.
    7.22.1 Company Overview
    7.22.1.1 Corporate Summary
    8 Research Scope and Methodology
    8.1 Scope of the Report
    8.2 Solar LED Street Lighting Market Research Methodology
    List of Tables
    Table 1.1 Some of the Smart City Projects
    Table 2.1 Partnerships and Collaborations
    Table 2.2 Key Developments
    Table 2.3 Key factors in Determining “Threat from New Entrants” in Solar LED Street Lighting Market
    Table 2.4 Key Factors in Determining “Bargaining Power of Buyers” in Solar LED Street Lighting Market
    Table 2.5 Key Factors in Determining “Bargaining Power of Suppliers” in Solar LED Street Lighting Market
    Table 2.6 Key Factors in Determining “Rivalry Among Existing Firms” in Solar LED Street Lighting Market
    Table 3.1 Major LaaS Business Model Deployments
    Table 3.2 Examples of Some Associations and Consortia
    Table 4.1 Global Solar LED Street Lighting Market (Thousand Units), 2017-2024
    Table 4.2 Global Solar LED Street Lighting Market ($Million), 2017-2024
    Table 4.3 Global Solar LED Street Lighting Market (by Configuration Type), Thousand Units, 2017-2024
    Table 4.4 Global Solar LED Street Lighting Market (by Configuration Type), $Million, 2017-2024
    Table 4.5 Global Stand-alone Solar LED Street Lighting Market (by Application), Thousand Units, 2017-2024
    Table 4.6 Global Stand-alone Solar LED Street Lighting Market (by Application), $Million, 2017-2024
    Table 4.7 Global Stand-alone Solar LED Street Lighting Market (by Region), Thousand Units, 2017-2024
    Table 4.8 Global Stand-alone Solar LED Street Lighting Market (by Region), 2017-2024 ($Million)
    Table 4.9 Global Grid-type Solar LED Street Lighting Market (by Application), Thousand Units, 2017-2024
    Table 4.10 Global Grid-type Solar LED Street Lighting Market (by Application), $Million, 2017-2024
    Table 4.11 Global Grid-type Solar LED Street Lighting Market (by Region), Thousand Units, 2017-2024
    Table 4.12 Global Grid-type Solar LED Street Lighting Market (by Region), $Million, 2017-2024
    Table 5.1 Global Solar LED Street Lighting Market (by Application), Thousand Units, 2017-2024
    Table 5.2 Global Solar LED Street Lighting Market (by Application), $Million, 2017-2024
    Table 6.1 Global Solar LED Street Lighting Market (by Region), Thousand Units, 2017-2024
    Table 6.2 Global Solar LED Street Lighting Market (by Region), 2017-2024 ($Million)
    Table 6.3 North America Solar LED Street Lighting Market (by Country), Thousand Units, 2017-2024
    Table 6.4 North America Solar LED Street Lighting Market (by Country), $Million, 2017-2024
    Table 6.5 Recent Key Developments in North America
    Table 6.6 Europe Solar LED Street Lighting Market (by Country), Thousand Units, 2017-2024
    Table 6.7 Europe Solar LED Street Lighting Market (by Country), $Million, 2017-2024
    Table 6.8 Recent Key Developments in Europe
    Table 6.9 Asia-Pacific Solar LED Street Lighting Market (by Country), Thousand Units, 2017-2024
    Table 6.10 Asia-Pacific Solar LED Street Lighting Market (by Country), $Million, 2017-2024
    Table 6.11 Recent Key Developments in APAC
    Table 6.12 Rest-of-the-World Solar LED Street Lighting Market (by Sub-Region), Thousand Units, 2017-2024
    Table 6.13 Rest-of-the-World Solar LED Street Lighting Market (by Sub-Region), $Million, 2017-2024
    Table 6.14 Recent Key Developments in the Rest of the World
    List of Figures
    Figure 1 Evolution of Street Lighting
    Figure 2 Workflow of Solar LED Street Lighting Market
    Figure 3 Global Solar LED Street Lighting Market Snapshot
    Figure 4 Global Solar LED Street Lighting Market (by Configuration), Million Units
    Figure 5 Global Solar LED Street Lighting Market (by Configuration type), $Million
    Figure 6 Global Solar LED Street Lighting Market (by Application), Million Units
    Figure 7 Global Solar LED Street Lighting Market (by Application), $Million
    Figure 8 Global Solar LED Street Lighting Market (by Country and Sub-Region), Million Units
    Figure 9 Global Solar LED Street Lighting Market (by Country and Sub-Region), $Million
    Figure 1.1 Market Dynamics
    Figure 1.2 Impact of Drivers During the Forecast Period
    Figure 1.3 Energy Consumption (Mtoe) by Different Countries (2016)
    Figure 1.4 Impact of Using Smart & Solar LED Street Lighting
    Figure 1.5 Decreasing Average Selling Price (ASP) of LED Bulbs, 2009-2020
    Figure 1.6 Impact Analysis of Restraints During the Forecast Period
    Figure 1.7 Impact Analysis for Opportunities During the Forecast Period
    Figure 2.1 Competitive Landscape
    Figure 2.2 Key Strategies and Developments
    Figure 2.3 Porter’s Five Forces Analysis
    Figure 3.1 Industry Analysis
    Figure 3.2 Workflow of Solar LED Street Lighting Market
    Figure 3.3 Types of Solar Panel
    Figure 3.4 Types of Controllers
    Figure 3.5 Types of Batteries
    Figure 3.6 Parameter Analysis of Different Types of Batteries
    Figure 3.7 Evolution of Street Lighting
    Figure 3.8 Comparison of Traditional Lighting and Solar Street Lighting
    Figure 3.9 LaaS Business Model
    Figure 3.10 Global Solar LED Street Lighting Supply Chain
    Figure 4.1 Configurations of Global Solar LED Street Lighting
    Figure 4.2 Global Solar LED Street Lighting Market Snapshot
    Figure 4.3 Global Solar LED Street Lighting Market (by Configuration), Million Units
    Figure 4.4 Global Solar LED Street Lighting Market (by Configuration type), $Million
    Figure 4.5 Stand-alone Solar Lighting System
    Figure 4.6 Global Stand-alone Solar LED Street Lighting Market (by Application), Million Units
    Figure 4.7 Global Stand-alone Solar LED Street Lighting Market (by Application), $Million
    Figure 4.8 Global Stand-alone Solar LED Street Lighting Market (by Region), Million Units
    Figure 4.9 Global Stand-alone Solar LED Street Lighting Market (by Region), $Million
    Figure 4.10 Grid-type Solar Lighting System
    Figure 4.11 Global Grid-type Solar LED Street Lighting Market (by Application), Million Units
    Figure 4.12 Global Grid-type Solar LED Street Lighting Market (by Application), $Million
    Figure 4.13 Global Grid-type Solar LED Street Lighting Market (by Region), Million Units
    Figure 4.14 Global Grid-type Solar LED Street Lighting Market (by Region), $Million
    Figure 5.1 Applications of Global Solar LED Street Lighting Market
    Figure 5.2 Global Solar LED Street Lighting Market (by Application), Million Units
    Figure 5.3 Global Solar LED Street Lighting Market (by Application), $Million
    Figure 5.4 Solar LED Street Lighting in Commercial Lighting
    Figure 5.5 Solar LED Street Lighting in Residential Lighting (2017-2024)
    Figure 5.6 Solar LED Street Lighting in Industrial Lighting (2017-2024)
    Figure 6.1 Global Solar LED Street Lighting Market (by Country & Sub-Region), Million Units
    Figure 6.2 Global Solar LED Street Lighting Market (by Country and Sub-Region), $Million
    Figure 6.3 North America Solar LED Street Lighting Market (by Country), Million Units
    Figure 6.4 North America Solar LED Street Lighting Market (by Country), $Million
    Figure 6.5 U.S. Solar Street Lighting Market, 2017-2024
    Figure 6.6 Canada Solar Street Lighting Market, 2017-2024
    Figure 6.7 Mexico Solar Street Lighting Market, 2017-2024
    Figure 6.8 Europe Solar LED Street Lighting Market (by Country), Million Units
    Figure 6.9 Europe Solar LED Street Lighting Market (by Country), $Million
    Figure 6.10 U.K. Solar Street Lighting Market, 2017-2024
    Figure 6.11 Germany Solar Street Lighting Market, 2017-2024
    Figure 6.12 Rest-of-Europe Solar Street Lighting Market, 2017-2024
    Figure 6.13 APAC Solar LED Street Lighting Market (by Country), Million Units
    Figure 6.14 APAC Solar LED Street Lighting Market (by Country), $Million
    Figure 6.15 India Solar Street Lighting Market, 2017-2024
    Figure 6.16 China Solar Street Lighting Market, 2017-2024
    Figure 6.17 Rest-of-APAC Solar Street Lighting Market, 2017-2024
    Figure 6.18 RoW Solar LED Street Lighting Market (by Sub-Region), Million Units
    Figure 6.19 RoW Solar LED Street Lighting Market (by Sub-Region), $Million
    Figure 6.20 Middle East and Africa Solar Street Lighting Market, 2017-2024
    Figure 6.21 Latin America Solar Street Lighting Market, 2017-2024
    Figure 7.1 Profiles by Ownership Type
    Figure 7.2 Anhui Longvolt Energy Co., Ltd.: SWOT Analysis
    Figure 7.3 BISOL Group, d.o.o.: SWOT Analysis
    Figure 7.4 Bridgelux, Inc.: SWOT Analysis
    Figure 7.5 COVIMED SOLAR: SWOT Analysis
    Figure 7.6 Dragons Breath Solar: SWOT Analysis
    Figure 7.7 Greenshine New Energy: SWOT Analysis
    Figure 7.8 Orion Solar: SWOT Analysis
    Figure 7.9 Signify Holding: Overall Financials, 2015-2017
    Figure 7.10 Signify Holding: Net Revenue (by Region), 2015-2017
    Figure 7.11 Signify Holding: Net Revenue (by Business Segment), 2015-2017
    Figure 7.12 Signify Holding: SWOT Analysis
    Figure 7.13 Sol Inc.: SWOT Analysis
    Figure 7.14 Solar Electric Power Company: SWOT Analysis
    Figure 7.15 Solar Lighting International: SWOT Analysis
    Figure 7.16 Solar G: SWOT Analysis
    Figure 7.17 Solex Energy Limited: SWOT Analysis
    Figure 7.18 Su-Kam Power Systems, Ltd.: SWOT Analysis
    Figure 7.19 Sunna Design SA: SWOT Analysis
    Figure 8.1 Scope of the Report
    Figure 8.2 Secondary Data Sources
    Figure 8.3 Top Down and Bottom Up Approach
    Figure 8.4 Global Solar LED Street Lighting Market Influencing Factors
    Figure 8.5 Assumptions and Limitations

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