District Cooling Market: Latest Trends,Analysis & Insights 2024 Solar Street Lighting Industry Trends and key Insi | Page 2

Solar Street Lighting Market
REPORT DESCRIPTION
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.
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.
This 166 page report gives readers a comprehensive overview of the Solar Street
Lighting market. Browse through 02 data tables and 191 figures to unlock the hidden
opportunities in this market@
http://www.transparencymarketresearch.com/solar-street-lighting-market.html
The standalone solar photovoltaic street lighting system comprises of a re-chargeable lead acid
battery for storage, PV (photovoltaic) modules for charging the battery, light source (Compact
Fluorescent Lamps (CFL) and Light Emitting Diodes (LED), suitable electronics for the operation
of the tamp and safe charging and discharging of the battery and mechanical hardware for fixing
these sub systems. These lighting systems are available either with automatic dusk to dawn
operation or with a pre-set timer. Tubular Batteries provided with the solar street lighting system
require lower maintenance; have longer life and give better performance as compared to pasted
plate batteries used earlier. The solar photovoltaic modules are reported to have a service life of
15-20 years.
The solar street lights are widely used in residential (car parking, residential buildings, garden
lawns and others), commercial (highways, colonies, rural areas and others) and industrial
Current market scenarios have prompted street light manufacturers to look for alternatives that
are efficient and provide off-grid power solutions. This gives way to certain drivers that boost the
solar street lighting market. One of the most important fundamentals involved with SSL is the
fact that they provide a viable solution to street lighting in any terrain, irrespective of whether
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