Solar Street Lighting Market, By Product Type (Compact fluorescent lamps (CFL) and Light-emitting diode (LED)), By Connection Type (Standalone and Grid Connected), By End User (Commercial, Residential, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : May 2024

Code : CMI7030

Pages :141

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Solar Street Lighting Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Concerns over environmental sustainability

Rising environmental awareness among public and private entities has heightened the importance of minimizing carbon footprint from urban lighting networks. Street and outdoor lighting typically involve the usage of conventional lamps and fixtures which release harmful pollutants and greenhouse gases during electricity production from fossil fuels. Based on rough estimates, street lighting is responsible for approximately 10% of total carbon emissions from the buildings sector worldwide. Additionally, traditional systems utilize inflammable and non-ecofriendly chemicals in their components which release emissions on disposal and degrade soil and water quality. On the other hand, solar photovoltaic energy and LED bulbs provide a clean mechanism of illumination without any pollutants. This makes solar street lights a highly sustainable green solution aligned with global decarbonization goals. Governments across many developed and developing nations are actively promoting the widespread adoption of solar lights to reduce light pollution and dependence on dirtier fuel sources. Sustainability centric public procurement policies and subsidies are encouraging local authorities to install solar alternatives on a larger scale. Thus, growing environmental stewardship among key stakeholders worldwide is a pivotal driver propelling the global solar street lighting industry.

Key Players Insights