Status and development trend of global solar street light lighting market solar street l

From 2016 to 2020, the global solar street light market is expected to grow at a CAGR of 19%. The global solar street light market is segmented into two products, fluorescent lamps and LED solar street light. At present, the market is dominated by fluorescent lamps, accounting for 62% of the market share. The rapid growth of the solar street light market is mainly to meet the growing demand, reduce the power consumption of street lights, and ensure the safety of residents and pedestrians. In 2015, Asia Pacific accounted for 46% of the market, EMEA 30% and the Americas 23%. Asia Pacific: China and India Governments Offer Incentives to Promote Growth Asia Pacific holds the largest market share. This is mainly due to the promotion of energy-saving lamps in countries such as India and China, and there are many LED chip and packaging factories in China, Japan, South Korea, and Taiwan. The Indian government is focused on developing smart cities, aiming to build at least 100 smart cities by 2030. Unlike traditional street lights, solar LEDs are extremely cost-effective because they do not need to be connected to the grid, are very feasible in sunny countries, and are ideal for off-grid use. Even after dark, solar street lights in remote areas can still operate normally, which will improve the living standards of local people. These factors will prompt 1000 villages to take the initiative to install solar LED solar street light. Many villages in India, China and Africa have installed solar LED solar street light. Europe, Middle East and Africa: Africa’s solar street light market has huge growth potential In 2015, Europe was the second largest revenue contributor to the global solar street lighting market. The market is mainly driven by energy efficiency and renewable energy targets set by the government, which in turn drives the installation of solar street light in Europe. In the UK, street lights account for about 40% of energy consumption, so government authorities combine solar energy and LED solar street light. This solution helps reduce CO2 emissions while saving energy costs. Philips has launched a solar street light product that helps transform the traditional lighting used in energy efficient street lighting systems. Southern Europe and the Middle East are sunny enough for off-grid systems. The Egyptian government is installing solar street lights to reduce the load on the grid. Many parts of Africa still rely on traditional lighting. Several cities in the region have installed solar street light lighting systems, thereby improving the social and economic conditions of rural and urban populations. Americas: Brazil and the United States have the highest demand for solar street light The US government vigorously promotes the energy-saving industry. Falling costs and improved performance of LEDs and solar panels have driven the installation of solar street lights in the US. In 2016, Las Vegas cooperated with EnGoPLANET, a New York company, to install solar street light to change traditional energy and use sustainable and renewable new energy. While the US dominates the North American solar street light market, Brazil leads the South American solar street light market. Brazil has invested heavily in LED solar street light since 2013. Brazil's R20Hub is a leading large-scale LED solar street light lighting scheme, aiming to cover 1.5 million street lights in 13 cities across the country to reduce the pressure on the grid.
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