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Solar Street Lighting Market
there is grid connectivity to that location or not. Secondly, they reduce energy load on the
economy leading to more fiscal savings for the government as well as the taxpayers. Solar street
lights also give the benefit of having negligible maintenance cost, no wiring or transformer costs
as well as reduction in carbon footprint.
The Solar street lighting market can be broadly segmented on the basis of types (Standalone and
On Grid), applications (Residential, Commercial and Industrial) and lighting source (Compact
Fluorescent Lamps (CFL) and Light Emitting Diodes (LED)
Asia Pacific was the largest market for Solar Street Lighting globally, accounting for 44% share in
2015. India was the leader in terms of revenue realization from Solar Street Lighting, followed by
China, in 2015. Africa was the second-largest market for solar street lighting in 2015. Kenya,
South Africa, Ghana, and Nigeria spearhead the solar street lighting market in Africa with need
for clean and reliable source of off-grid electricity. Europe was the third-largest market for solar
street lighting, in terms of market share, in 2015. Germany and U.K were the leading countries
with highest revenue realization from solar street lighting in 2015. The market in Africa is
expected to witness significant growth in the near future and would surpass the growth rate of
Asia Pacific market by 2018. This expected growth is the result of numerous initiatives such as
subsidies, campaigns, and different programs introduced by the World Bank and International
Finance Corporation to promote solar street lighting products.
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The market in Africa is expected to expand at the highest CAGR during the forecast period.
Government policies, local manufacturing, and demand for clean fuel off grid electricity would
drive the demand for solar street lighting in Africa.
Some of the key manufacturers of solar street lighting are Philips Lighting Holding B.V., Omega
Solar, Bridgelux, Inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna
Design, Urja Global Ltd., VerySol GmbH, Solar Street Lights USA and Sol, Inc
The Solar Street Lighting market has been segmented as follows:
Solar Street Lighting Market: By Region
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