Solar Street Lighting Market Trends 2016 - 2024 sep 2016 | Page 2

Solar Street Lighting Market

REPORT DESCRIPTION

Solar Street Lighting Market - Global Industry Analysis, Size, Share, Growth Trends, and
Forecast, 2016 - 2024
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.
Browse the full Solar Street Lighting Market report at
http://www.transparencymarketresearch.com/solar-street-lighting-market.html
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. 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 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

Transparency Market Research

2