Market research Future Solar Street Lightings Market Worth 21.02% CAGR . | Page 3

Solar Street Lightings Market Research Report- Forecast to 2023
2 Market Overview
One of the primary drivers for the growth of solar energy is the government intervention through initiatives
and policies. Solar energy policy is developed by governments to sustain the growth of solar energy,
including solar energy production, distribution and consumption. Solar energy policies include legislation,
international treaties and incentives to investment such as the formation incentives in the U.S. In many
countries such as India and EU countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS),
tax credits, pricing laws, have been developed and implemented to promote the use of solar energy.
Additionally, policies such as production incentives, quota requirements, trading systems, also have been
developed to influence the growth of the market.
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