Market research Future Solar Street Lightings Market Worth 21.02% CAGR . | Page 4

Solar Street Lightings Market Research Report- Forecast to 2023
3 Market Research Analysis -
Market Research Future analysis shows that the global market of solar street lightings market is estimated
to grow at CAGR of 21.02 % by the end of the forecast period. These are outdoor raised light sources that
are powered by the photovoltaic or PV panels. By raised, it means that the solar panels are either mounted
on the lighting structure or they are connected using a pole. These PV panels are equipped with a
rechargeable battery, which enables them to provide power for the duration of the entire night to the
fluorescent or LED lamp. Also, in the majority of instances, these solar street lights have solar panels,
which can sense outdoor light, automatically, through an external light source. With the energy production
and storage capacities, even in the absence of sunlight these can produce light, successively, during nights
for a minimum of 2-3 days.
Urban street lights are densely-clustered, making it cost-effective to upgrade lighting with LED and
connectivity. However, rural areas have a much lower density of street lighting, which can be more
expensive to replace and maintain.
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