Single User License: Solar Street Lighting Market - Global Industry USD 4315.5  Flat 10% Discount!! Analysis, Size, Share, Growth Trends, and  Free Customization as per your requirement Forecast 2015 - 2023  You will get Custom Report at Syndicated Report  Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] price Report will be delivered with in 15-20 working days Request Sample Buy Now 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. About Us Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. 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Transparency Market Research has released a new market report titled “Solar Street Lighting Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016 - 2024.” According to this report, the global solar street lighting market revenue stood at US$ 2.72 Bn in 2015 and is projected to reach US$ 17.78 Bn by 2024 at a CAGR of 23.23% from 2016 to 2024. Download Free exclusive Sample of this report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6532 Solar street lighting is one of the best renewable energy based technologies to power street lights both in grid-based and off-grid systems. The component used for solar street light are solar pane, lighting fixture, controller, rechargeable battery, and pole. Due to their dependency on sunlight, the lighting unit needs to be installed in a shadow-free area or a place where direct sunlight is available throughout the day to sufficiently charge the batteries for one working cycle.