Market to chart Compound Annual Growth Rate of 16.24% over the forecast period
Asia Pacific to be a lucrative regional market; Brazil to record notable growth in Latin American region
Growing need to shift towards renewable energy sources contributing to increase in adoption of solar street lighting
ALBANY, New York, March 24, 2020 /PRNewswire/ — From the year 2019 to that of 2027, the global solar street lighting market¬†would chart a stellar growth rate of 16.24%. And, this is set to help the market witness multiple opportunities line-up its vendor landscape, an opportunity that many players would hustle to make the most of.
As per Transparency Market Research, “The global solar street lighting market would see its worth reach a valuation of USD 12.54 bn. by the end of the forecast period. It would be a notable increase for USD 3.76 bn. in the year 2018.”
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Key Findings of Global Solar Street Lighting Market:
For a detailed analysis of solar street lighting market by type, lighting source, and application, visit:¬†https://www.transparencymarketresearch.com/solar-street-lighting-market-2017-2025.html
Key Drivers of Global Solar Street Lighting Market:
As per Transparency Market Research, a number of growth factors are pushing the global solar street lighting market on a high growth curve, particularly over the forecast period. A glimpse into these trends and drivers is provided below:
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/23906
Regional Analysis of Global Street Lighting Market:
Analyze solar street lighting market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample¬†of the study
Competitive Landscape of Global Street Lighting Market:
The global street lighting market is highly competitive and the players that are prominent include Sol Inc., Solar Street Lights USA, Bridgelux Inc., Dragons Breath Solar, VerySol GmbH, Solektra International, Urja Global ltd., Omega Solar, Phillips Lighting Holding BV, SOKOYO Solar Group, and Sunna Design, among others.
It is important to note here that the market is fragmented and over the forecast period, it will witness further fragmentation, as more and more players enter the fray in order to carve off a slice of the projected growth.
Global Solar Street Lighting Market: Research Scope
Global Solar Street Lighting Market: by Lighting Source
Global Solar Street Lighting Market: by Type
Global Solar Street Lighting Market: by Application
Global Solar Street Lighting Market: by Region
Explore Transparency Market Research’s award-winning coverage of the global Energy and Natural Resources Industry,
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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SOURCE Transparency Market Research