Solar Street Lighting Market Demand Analysis, Statistics, Industry Trends And Investment Opportunities To 2030

Global Intelligent Street Lighting Systems Market was valued US$ xxMn.

Global Intelligent Street Lighting Systems Market: OverviewTechnological development in smart and connected systems is revolutionizing modern infrastructure.

The Intelligent street lighting system is connected; owing to demand smart infrastructure in emerging economies such as Brazil and India regions needed grid base electric connection to Electric Street light.

The first initiative was taken in Korea’s town, the wider deployment of the project will continue in Asia Pacific and US region.In April 2019, Itron Inc and VINCI Energies’ Electrix& Transport Canberra city service working together to create services based on industrial IoT support Intelligent Street Lighting Systems and smart energy solution in Australia’s capital city of Canberra.

The project is a major individual project and First Australia and Oceania contract for energy performance.March 2017, Energy-efficient LED street light offered by Philips in Ameland, Netherland, and Philips ClearSky has light spectrum especially polite to migratory birds.

The building of such infrastructure is providing optimistic sustainability and energy saving.Global Intelligent Street Lighting Systems Market: Drivers and RestraintsThe demand for fuel-efficient systems is increasing in recent years; constantly driving the market for Global Intelligent Street Lighting Systems Market.

Major drivers for the growth of the market are growing need for energy-efficient solar lighting systems for highways, increasing use of renewable energy for lighting, rising penetration and declining cost of LEDs, and growing demand from developing and emerging countries.Furthermore, underlying opportunities for the solar lighting system market include favorable government initiatives and a decline in the cost of the systems.

Major restraints for the market are lack of awareness about finance and payback period.

The lack of customer ownership in utility-owned solar street lighting poses a significant challenge for the solar lighting system market.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207347790LEDs are used widely in solar lighting systems as these are energy efficient.

In the case of outdoor solar lights, lighting fixtures are exposed to different environmental factors such as heat, wind, and falling objects that can damage the fixtures.

Off-grid solar power systems are standalone systems that are independent of any electric networks.

The off-grid system comprises solar photovoltaic panels that are connected to an inverter.

With the advanced Led technology, it is far more superiorto the older semiconductor light source.

Also,LED technology is common within new street lighting systems.So you can find a range of Street LED Lighting online easily.Earlier, LEDs were used for only marking landmarks and for decoration purposes.

You can find LED street lights in many places across the world.LEDs also offer amazing colour quality and they are reliable.

Thus using LEDs has become an economically viable option above all other light sources.Apart from that LEDs have a very low watt percentagethat makes them very efficient.

So running LEDs is cheaper than traditional bulb lighting.LEDs have been considered good for small streets as they did not illuminate an area adequately.

However, they have better illuminating power currently and use alongside main roads.

What's more, why not, solar lights have demonstrated in being a potential energy saver permitting individuals to get a good deal on the monthly electric bill.

Solar bulbs utilize sun energy to lit internal as well as external parts of homes, factories, offices, streets, traffic areas, car parking area, and different places.One of the greatest benefits of putting resources into solar led lights in Gurgaon is that they assist to save energy, especially amid festive seasons when energy consumption is normally high.

In this way, you may view any reason why there is such a great amount of interest of solar light-emitting diode for household decorations as well as office lighting on a bigger scale.How do solar lights function?Solar lighting products comprise of a solar panel or photovoltaic cell that traps sun's energy to change over the equivalent into electricity.

After dusk, the built-in sensor naturally turns the solar lights utilizing an element of the stored energy in the rechargeable battery.

Solar street lights are a perfect application for street lighting.

Solar lightening system needs low maintenance, have a longer life and result in better execution.

Solar LED street lighting system with solar panel (PV module), and Integrated PV Module Solar Street with Automatic Sensor, in Hyderabad - Budding Leaf  Solar Street Lighting Sysytem | Solar LED Street Lights

The global market for lighting fixtures is estimated to reach a market size of over US$ 76 Billion all through 2025, up from a market value of over US$ 25.8 Billion during 2017.

Increased penetrations in LED lighting, as well as the need for smart fixtures, are the major aspects anticipated to fuel the overall growth in revenue terms of the worldwide market for lighting fixtures.

The market will be recording a healthy 14.2% CAGR all through the calculated period.Market Segmentation• Based on the type, the global market is segmented as Decorative & Residential Lighting, Architecture & Commercial Lighting, Outdoor Lighting and Industrial Lighting.

The outdoor lighting is estimated to increase exceedingly at US$ 20,548.0 through 2025 end.

The architectural and commercial lighting is likely to grow at a high CAGR in value terms all through the predicted period.• Based on the application type, the global market is categorised into corporate campus lighting, street lighting, airport lighting, education facilities lighting, retail outlets lighting, healthcare facilities lighting, government office & building, recreation & public venue lighting, industrial & warehouse lighting, restaurant & hotel lighting and residential lighting.

The street lighting category is estimated to be majorly attractive in the worldwide market for lighting fixtures market over the calculated period.

Major drivers for the growth of the market are growing need for energy-efficient solar lighting systems for highways, increasing use of renewable energy for lighting, rising penetration & decreasing cost of LEDs, and growing demand from developing and emerging countries.

Furthermore, underlying opportunities for the solar lighting system market include a decline in the cost of solar lighting systems, favorable government initiatives, and enhancement in technological aspects of a solar lighting system.

Major restraints for the market are lack of awareness about finance and payback period.

In the case of outdoor solar lights, lighting fixtures are exposed to different environmental factors such as heat, wind, and falling objects that can damage the fixtures.

Thus, their technical characteristics make it a viable choice over other light sources resulting in driving its demand over the forecast period.

Commercial application to hold largest share of solar lighting system market during forecast period Solar lighting systems are installed in commercial areas such as corporate offices, schools, and universities.