Solar Street Lighting Market Trends 2016 - 2024 sep 2016 | Page 3

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Nigeria spearhead the solar street lighting market in Africa with need for clean and reliable source of offgrid 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 .
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
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America
Solar Street Lighting Market : By Type
• Standalone
• On Grid
Solar Street Lighting Market : By Application
Transparency Market Research
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