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Solar Street Lighting Market Trends and Forecast 2015 - 2023

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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 addres
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REPORT DESCRIPTION
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.
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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