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What is the global solar street lighting market size?

The global solar street lighting market size is valued at $5.7 billion with sales of 1,545.9 thousand lighting units in 2019 and projected to witness a CAGR of 9.4% during the forecast period (2020–2030). The declining price of solar street lighting solutions and increasing number of smart cities are the major growth driving factors.

Which category has the fastest growth in the solar street lighting market?

In 2019, the standalone category on the basis of structure type witnessed the fastest growth in the solar street lighting market, and is expected to maintain its pace over the forecast period. Moreover, standalone solar street lights are do not connected with the grid for the power supply.

What is solar street Lighing market report?

The solar street lighing market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030. Single User License The report will be delivered in PDF format without printing rights. It is recommended for a single user.

Why is solar street lighting market growing?

Growing vehicular traffic leading to massive investments in infrastructure development, especially roads and highways in countries like China, the U.S., Germany, and India, has been a major driver for the solar street lighting market growth. Also, the commercial vehicles sales increased by 2.2% in 2019, reaching 26.9 million units gobally.

Why are smart solar street lights becoming popular?

The prominent trend in the solar street lighting market is the growing popularity of smart solar street lights due to their features like energy efficiency, low operational and maintenance costs, and quick fault detection, owing to real-time control decisions via central control unit or device.

Are solar streetlights zero-carbon?

SolarOne off-grid solar streetlights run entirely on solar energy and therefore have a zero-carbon footprint. In June 2019, Signify N.V. installed 20 Philips SunStay solar street lights in the Infanta Elena Park in Seville, Spain. These solar lights comprise integrated solar panel, luminaire, charge controller, and battery in one housing.