Press release
Solar Street Lighting Market Growth Analysis 2024 | Leading Players Sunna Design, Philips Lighting, Bridgelux, Inc., BISOL Group, Greenshine New Energy LLC
Solar Street Lighting Market growth is impelled by initiatives toward achieving sustainable development with minimal ecological impact. In April 2016, Paris Climate Accord was signed under the United Nations Framework Convention on Climate Change (UNFCCC) in response to the rising global temperatures. As of 2018, 195 countries have signed the agreement and announced voluntary emission reduction targets. Global efforts to curtail the emission of greenhouse gases across key economic sectors will positively influence the solar street lighting market.
Substantial reduction in the solar panel and battery prices is anticipated to contribute significantly towards solar street lighting market growth. Government subsidies, rising demand for clean power and increasing economies of scale are some of the key underlying factors which will stimulate the product penetration. For instance, in 2017, solar PV module prices have witnessed a decline of over 80% from 2010 levels.
Request for a sample of this research report @ www.gminsights.com/request-sample/detail/770
Nigeria market is set to exceed USD 200 million by 2024. Ongoing foreign investment towards development of energy sector along with government initiatives toward sustainable growth and development of low carbon economy will boost the product penetration in coming years. The World bank, and African Development Bank (AFDB) are some of the key stake holders in the country’s ongoing economic development. As per the IMF, Nigeria has witnessed a positive GDP growth for four consecutive quarters as a result of Economic Recovery and Growth Plan initiated by the government.
Growing electricity demand across developing nations coupled with increasing Purchasing Power Parity (PPP) will augment the solar street lighting market growth. Expected increase in demand for energy, rising grid electricity demand and lack of grid connectivity in remote areas will further complement solar street lighting market.
Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/770
Energy efficiency, low emission rate, longer service life and ecological operations are some of the paramount factors which will boost the demand for Light Emitting Diode (LED) based solar street lights. Declining product prices along with efforts to mitigate harmful effects of Mercury released from CFLs will further enhance the business landscape.
Standalone solar street lighting market is set to witness strong growth subject to rising product adoption across off-grid areas. Emerging economies across Africa and Asia-Pacific offer substantial opportunity for product installation on account of respective government plans to increase the utilization of renewable energy resources. High cost associated with green field investment to electrify off grid and remote areas will further provide impetus to the business growth.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/solar-street-lighting-market
Eminent industry players catering across the global Solar Street Lighting Market:
• ANHUI LONGVOLT ENVIRONMENTAL ENGINEERING Co., Ltd.
• BISOL Group
• Greenshine New Energy LLC
• Solar Lighting International, Inc.
• Orion Solar Pty Ltd
• Leadsun Australia
• JinHua SunMaster Solar Lighting Co.,LTD. China
• Solar Electric Power Company
• Shenzhen Spark Optoelectronics S&T Co., Ltd.
• Solux Solar, LLC
• Urja Global Limited
• Sol Inc. (Solar Outdoor Lighting)
• Solar Street Light
• Exide Industries Limited
• Su-Kam Power Systems Limited
• Sunna Design
• Philips Lighting
• SOKOYO Solar Evolution
• Dragon's Breath Solar
• Bridgelux, Inc.
India market is set to witness gains over 8% by 2024. Government initiatives to promote non-conventional energy utilization along with investments toward improvement in street lighting infrastructure will drive the business growth across the country. As per the International Energy Agency (IEA) in 2016, around 200 million people in India lacked electricity access. Solar street lights offer a sustainable solution to meet the rising electricity demand and support government plans to integrate renewable energy resources.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Substantial reduction in the solar panel and battery prices is anticipated to contribute significantly towards solar street lighting market growth. Government subsidies, rising demand for clean power and increasing economies of scale are some of the key underlying factors which will stimulate the product penetration. For instance, in 2017, solar PV module prices have witnessed a decline of over 80% from 2010 levels.
Request for a sample of this research report @ www.gminsights.com/request-sample/detail/770
Nigeria market is set to exceed USD 200 million by 2024. Ongoing foreign investment towards development of energy sector along with government initiatives toward sustainable growth and development of low carbon economy will boost the product penetration in coming years. The World bank, and African Development Bank (AFDB) are some of the key stake holders in the country’s ongoing economic development. As per the IMF, Nigeria has witnessed a positive GDP growth for four consecutive quarters as a result of Economic Recovery and Growth Plan initiated by the government.
Growing electricity demand across developing nations coupled with increasing Purchasing Power Parity (PPP) will augment the solar street lighting market growth. Expected increase in demand for energy, rising grid electricity demand and lack of grid connectivity in remote areas will further complement solar street lighting market.
Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/770
Energy efficiency, low emission rate, longer service life and ecological operations are some of the paramount factors which will boost the demand for Light Emitting Diode (LED) based solar street lights. Declining product prices along with efforts to mitigate harmful effects of Mercury released from CFLs will further enhance the business landscape.
Standalone solar street lighting market is set to witness strong growth subject to rising product adoption across off-grid areas. Emerging economies across Africa and Asia-Pacific offer substantial opportunity for product installation on account of respective government plans to increase the utilization of renewable energy resources. High cost associated with green field investment to electrify off grid and remote areas will further provide impetus to the business growth.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/solar-street-lighting-market
Eminent industry players catering across the global Solar Street Lighting Market:
• ANHUI LONGVOLT ENVIRONMENTAL ENGINEERING Co., Ltd.
• BISOL Group
• Greenshine New Energy LLC
• Solar Lighting International, Inc.
• Orion Solar Pty Ltd
• Leadsun Australia
• JinHua SunMaster Solar Lighting Co.,LTD. China
• Solar Electric Power Company
• Shenzhen Spark Optoelectronics S&T Co., Ltd.
• Solux Solar, LLC
• Urja Global Limited
• Sol Inc. (Solar Outdoor Lighting)
• Solar Street Light
• Exide Industries Limited
• Su-Kam Power Systems Limited
• Sunna Design
• Philips Lighting
• SOKOYO Solar Evolution
• Dragon's Breath Solar
• Bridgelux, Inc.
India market is set to witness gains over 8% by 2024. Government initiatives to promote non-conventional energy utilization along with investments toward improvement in street lighting infrastructure will drive the business growth across the country. As per the International Energy Agency (IEA) in 2016, around 200 million people in India lacked electricity access. Solar street lights offer a sustainable solution to meet the rising electricity demand and support government plans to integrate renewable energy resources.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
