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Global Hybrid Street Lighting Systems Market 2017-2021

Global Hybrid Street Lighting Systems Market 2017-2021

About Hybrid Street Lighting Systems

A hybrid street lighting system is a standalone outdoor lighting system used to illuminate an open area or a street. The hybrid street lights are powered by solar and wind energy. The hybrid street lighting system typically consists of a compact fluorescent lamp (CFL) or light-emitting diode (LED) fixed inside as a luminaire, which is mounted on a pole.

Technavio’s analysts forecast the global hybrid street lighting systems market to grow at a CAGR of 7.02% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hybrid street lighting systems market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hybrid Street Lighting Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Eolgreen
  • Guangzhou HY Energy Technology
  • Phono Solar
  • Shanghai Ghrepower Green Energy
  • UGE
Other prominent vendors
  • Airsynergy
  • Bridgelux
  • CLEAR BLUE TECHNOLOGIES
  • Covimed Solar
  • Deepa Solar Systems
  • Dongguan Link Light Solar Energy Science & Tech
  • Dragons Breath Solar
  • Eco-$mart
  • Elecssol
  • Fosera
  • Hi-VAWT Technology
  • Jinhua SunMaster Solar Technology
  • KCP Solar
  • LZ New Zealand
  • Omega Solar
  • Philips Lighting
  • R-MAN HIGH TECH SOLAR PRIVATE LIMITED
  • SEPCO (Solar Electric Power Company)
  • Shenzhen Spark Optoelectronics S&T
  • SOKOYO Solar Group
  • Solar Street Lights USA
  • Solektra International
  • Su-Kam Power Systems
  • Suneco Green Energy
  • Sunna-design
  • Suveg Electronics
  • Tata Power Solar Systems
  • Urja Global Limited
  • V-Air Wind Technologies
  • Verysol
  • Winpro
Market driver
  • Demand for hybrid power sources to reduce dependence on the grid
  • For a full, detailed list, view our report
Market challenge
  • High cost of acquisition
  • For a full, detailed list, view our report
Market trend
  • Emergence of smart cities
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Hybrid Street Lighting Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global hybrid street lighting systems market: Eolgreen, Guangzhou HY Energy Technology, Phono Solar, Shanghai Ghrepower Green Energy and UGE.

Other Prominent Vendors in the market are: Airsynergy, Bridgelux, CLEAR BLUE TECHNOLOGIES, Covimed Solar, Deepa Solar Systems, Dongguan Link Light Solar Energy Science & Tech, Dragons Breath Solar, Eco-$mart, Elecssol, Fosera, Hi-VAWT Technology, Jinhua SunMaster Solar Technology, KCP Solar, LZ New Zealand, Omega Solar, Philips Lighting, R-MAN HIGH TECH SOLAR PRIVATE LIMITED, SEPCO (Solar Electric Power Company), Shenzhen Spark Optoelectronics S&T , SOKOYO Solar Group, Solar Street Lights USA, Solektra International, Su-Kam Power Systems, Suneco Green Energy, Sunna-design, Suveg Electronics, Tata Power Solar Systems, Urja Global Limited, V-Air Wind Technologies, Verysol and Winpro.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing urbanization. Rapid industrial development has changed the social and economic structure of the society with the transformation of an agrarian-based society to an industrial society. It has also driven the migration of the population from urban to rural areas.”

According to the report, one driver in the market is demand for hybrid power sources to reduce dependence on the grid. Street lighting is provided by the local utilities. A substantial amount of money is being spent on lighting up the streets and public places during the evening and night to keep the pedestrians safe. Therefore, to reduce the energy bills, local municipalities are using off-grid systems. For instance, a standalone renewable system from a single source of renewable energy would be unreliable due to its intermittent nature.

Further, the report states that one challenge in the market is high cost of acquisition. The cost of setting up a hybrid street light requires significant investment when compared with a traditional street light. Hybrid street lighting systems employ advanced equipment, such as batteries to store the energy generated by the solar system during the day and microcontrollers to regulate the power from solar or wind energy or the grid. On an average, the cost of each unit is almost 3 times more than a conventional street light installation, thus requiring high initial investment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-energy-storage-global-hybrid-street-lighting-systems-market-2017-2021

Companies Mentioned

Eolgreen, Guangzhou HY Energy Technology, Phono Solar, Shanghai Ghrepower Green Energy, UGE, Airsynergy, Bridgelux, CLEAR BLUE TECHNOLOGIES, Covimed Solar, Deepa Solar Systems, Dongguan Link Light Solar Energy Science & Tech, Dragons Breath Solar, Eco-$mart, Elecssol, Fosera, Hi-VAWT Technology, Jinhua SunMaster Solar Technology, KCP Solar, LZ New Zealand, Omega Solar, Philips Lighting, R-MAN HIGH TECH SOLAR PRIVATE LIMITED, SEPCO (Solar Electric Power Company), Shenzhen Spark Optoelectronics S&T , SOKOYO Solar Group, Solar Street Lights USA, Solektra International, Su-Kam Power Systems, Suneco Green Energy, Sunna-design, Suveg Electronics, Tata Power Solar Systems, Urja Global Limited, V-Air Wind Technologies, Verysol and Winpro.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Key market highlights
      • Table Hybrid street lighting system
  • Market landscape
    • Market overview
      • Table Hybrid street lighting system market
    • Market size and forecast
      • Table Global hybrid street lighting system market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global hybrid street lighting system market by product
      • Table Global hybrid street lighting system market by product 2016-2021 (%)
      • Table Global hybrid street lighting system market by product type 2016-2021 ($ billions)
    • Global hybrid street lighting system market by LED
      • Table Global hybrid street lighting system market by LED 2016-2021 ($ billions)
      • Table Comparison of LED versus CFL
    • Global hybrid street lighting system market by CFL
      • Table Global hybrid street lighting system market by CFL 2016-2021 ($ billions)
  • Geographical segmentation
    • Global hybrid street lighting system market by geography
      • Table Global hybrid street lighting system market by geography 2016-2021 (%)
      • Table Global hybrid street lighting system market by geography 2016-2021 ($ billions)
    • Hybrid street lighting system market in APAC
      • Table Hybrid street lighting system market in APAC 2016-2021 ($ billions)
    • Hybrid street lighting system market in Americas
      • Table Hybrid street lighting system market in Americas 2016-2021 ($ billions)
      • Table List of 100% renewable cities in US
    • Hybrid street lighting system market in EMEA
      • Table Hybrid street lighting system market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Wind and solar peak power generation
      • Table Global electrification rate 2014
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Cost comparison between a hybrid street light and a conventional street light
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emergence of smart cities
      • Table Smart city components
    • Growing urbanization
      • Table Global urban population and rural population 1955-2025 (millions)
    • Decreasing price of BOS
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors: Hybrid street lighting system manufacturers
  • Key vendor analysis
    • Eolgreen
      • Table Eolgreen: Product portfolio
    • Guangzhou HY Energy Technology
      • Table Guangzhou HY Energy Technology: Product portfolio
    • Phono Solar
      • Table Phono Solar: Product portfolio
    • Shanghai Ghrepower Green Energy
      • Table Shanghai Ghrepower Green Energy: Key products
    • UGE
      • Table UGE: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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