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Global Solar Traffic Products Market 2017-2021

About Solar Traffic Products

Solar traffic lights or traffic blinkers are signaling devices powered by solar panels positioned at road intersections, pedestrian crossings, and other locations to control the flow of traffic. They assign the right of way to motorists by well-lit visual indication in the universal color code of red, amber/yellow, and green. Solar traffic lights are increasingly integrated with LED lamps owing to their properties and superiority over incandescent lamps. The PV panel converts the solar rays into electricity that illuminates the LED lamps installed in the traffic light.

Technavio’s analysts forecast the global solar traffic products market to grow at a CAGR of 15.62% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global solar traffic products market for 2017-2021. To calculate the market size, the report considers the demand for solar traffic products.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Solar Traffic Products 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
  • 3M
  • Carmanah Technologies
  • Omega Solar
  • Philips Lighting
  • Solar Street Lights USA
Other prominent vendors
  • Ark Lighting
  • Commercial energy group limited
  • Covimed
  • Elecssol
  • Envoys
  • Gemma Lighting
  • Greenshine New Energy
  • Hi-MIN SOLAR
  • intelizon
  • Jinhua SunMaster Solar Technology
  • KCP Solar
  • LIGMAN Lighting
  • Mallatite
  • SHENZHEN SPARK OPTOELECTRONICS
  • ISOLAR LIGHTING
  • Solar Electric Power Company
  • SolarPath sun solutions
  • SolarWorld Americas
  • Su-Kam Power Systems
  • Sunna-Design
  • Urja Global Limited
  • YANGFA LIGHTING
Market driver
  • Decline in LCOE of solar power generation
  • For a full, detailed list, view our report
Market challenge
  • High capital cost of installation
  • For a full, detailed list, view our report
Market trend
  • Development 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Solar Traffic Products Market 2017-2021

Technavio recognizes the following companies as the key players in the global solar traffic products market: 3M, Carmanah Technologies, Omega Solar, Philips Lighting, and Solar Street Lights USA.

Other Prominent Vendors in the market are: Ark Lighting, Commercial energy group limited, Covimed, Elecssol, Envoys, Gemma Lighting, Greenshine New Energy, Hi-MIN SOLAR, intelizon, Jinhua SunMaster Solar Technology, KCP Solar, LIGMAN Lighting, Mallatite, SHENZHEN SPARK OPTOELECTRONICS, ISOLAR LIGHTING, Solar Electric Power Company, SolarPath sun solutions, SolarWorld Americas, Su-Kam Power Systems, Sunna-Design, Urja Global Limited, AND YANGFA LIGHTING.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of smart cities. A smart city is an urban development that integrates information technology (IT) and internet of things (IoT) in a secure manner, to the city's functions and assets. There are over 250 smart city projects across 178 countries, globally. The smart city projects are mainly concentrated in Europe, Asia-Pacific, North America, the Middle East and Africa, and Latin America.”

According to the report, one of the major drivers for this market is Decline in LCOE of solar power generation. The levelized cost of electricity (LCOE) is a comparative measure of the overall competitiveness of different energy generating technologies. It represents the per-kilowatt-hour cost (in discounted real dollars) of building and operating a generating plant over an assumed financial life and duty cycle. Technological advances in solar power generation including the increase in efficiency of solar PV panels and reduction in PV panel size, coupled with the decline in total installation cost have reduced the unit cost of power generation making solar power cost-competitive with power generated from fossil fuels.

Further, the report states that one of the major factors hindering the growth of this market is High capital cost of installation. The installation and functioning of solar thermal plants are capital intensive in nature. It is estimated that the capital cost of a solar power plant is three to five times higher than that of conventional fossil fuel plant of the same capacity. The operational costs for solar-based systems are lesser, owing to its non-dependence on other resources, apart from the sun. However, high capital costs of installation can offset the benefits due to reduced operational costs.

Companies Mentioned

3M, Carmanah Technologies, Omega Solar, Philips Lighting, Solar Street Lights USA, Ark Lighting, Commercial energy group limited, Covimed, Elecssol, Envoys, Gemma Lighting, Greenshine New Energy, Hi-MIN SOLAR, intelizon, Jinhua SunMaster Solar Technology, KCP Solar, LIGMAN Lighting, Mallatite, SHENZHEN SPARK OPTOELECTRONICS, ISOLAR LIGHTING, Solar Electric Power Company, SolarPath sun solutions, SolarWorld Americas, Su-Kam Power Systems, Sunna-Design, Urja Global Limited, AND YANGFA LIGHTING.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Energy mix in US 2012 and 2016
      • Table Decline in solar PV panel price 2012-2016 ($/watt)
      • Table Global solar traffic products market: Snapshot
      • Table Global solar traffic products market by product type 2016-2021
      • Table Typical solar street lighting system
      • Table Cost breakdown of a typical solar LED street light system
      • Table Typical solar traffic lighting system
      • Table Global solar traffic products market by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global solar traffic products market overview
    • Market size and forecast
      • Table Global solar traffic products market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global solar traffic products market by product
      • Table Global solar traffic products market by product type 2016 and 2021 (%)
    • Solar street lights
      • Table Global solar street lights market 2016-2021 ($ millions)
      • Table Cost structure for solar street lights CFL versus LED
      • Table Conventional street lighting versus Hybrid street lighting
      • Table Global solar street lights market by light source 2016 and 2021 (%)
    • Solar traffic lights
      • Table Global solar traffic lights market: 2016-2021 ($ millions)
    • Solar road studs
      • Table Global solar road studs market 2016-2021 ($ millions)
  • Geographical segmentation
    • Overview
      • Table Global solar traffic products market by geography 2016 and 2021
    • APAC
      • Table Solar traffic products market in APAC 2016-2021 ($ millions)
    • Americas
      • Table Solar traffic products market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table Solar traffic products market in EMEA 2016-2021 ($ millions)
      • Table Some of the road developments in African countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global electricity generation by source and solar power generation share in global electricity generation 2012-2040
    • Market challenges
      • Table Economic evaluation of conventional street lights and solar street lights
      • Table Comparison of incandescent lights versus LED
      • Table Power generation pattern by 1kW solar module in a day
  • Market trends
    • Development of smart cities
    • Evolving technologies for PV panels
    • Declining manufacturing cost of LEDs
      • Table Manufacturing cost of LED 2016-2021 ($/Klm)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • 3M
      • Table 3M: Solar traffic products
    • Carmanah Technologies
      • Table Carmanah Technologies: Key applications
      • Table Carmanah Technologies: Product overview
    • Omega Solar
      • Table Omega Solar: Key applications
      • Table Omega Solar: Product offerings
    • Philips Lighting
      • Table Philips Lighting: Key applications
      • Table Philips Lighting: Product offerings
    • Solar Street Lights USA
      • Table Solar Street Lights USA: Key applications
      • Table Solar Street Lights USA: Product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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