2016-2020 Global Solar Street Lighting Market Status and Development Trend

From 2016 to 2020, the global solar and light street light market is expected to grow at a compound annual growth rate of 19%. The global solar and light street lamp market is subdivided into two products, fluorescent lamps and LED lamps. At present, the market is dominated by fluorescent lamps, accounting for 62% of the market. The rapid growth of the solar and light street lamp market is mainly to meet the increasing demand, reduce the power consumption of street lamps, and ensure the safety of residents and pedestrians. In 2015, the Asia-Pacific region accounted for 46% of the market, Europe, the Middle East and Africa accounted for 30%, and the Americas accounted for 23%. Asia-Pacific: The Chinese and Indian governments took incentives to promote growth. The Asia-Pacific region has the largest market share. This is mainly due to the promotion of energy-saving lamps in countries such as India and China. In addition, there are many LED chip and packaging factories in China, Japan, South Korea, and Taiwan.

The Indian government is focused on developing smart cities and aims to build at least 100 smart cities by 2030. Unlike traditional street lights, solar energy LEDs are extremely cost-effective because they do not need to be connected to the power grid. They are very viable in sunny countries and are ideal for off-grid use. Even after dark, solar street lights in remote areas can still function normally, which will improve the living standards of local people. These factors will prompt 1,000 villages to actively install solar LED street lights . Many villages in India, China and Africa have installed solar LED street lights . Good conditions, you can install light energy street lights, lighting time is longer and more stable. Europe, Middle East and Africa: Africa's solar and light street lamp market has huge growth potential. In 2015, Europe was the second largest contributor to the global solar light lighting market. The market is mainly driven by energy efficiency and renewable energy targets set by the government, which in turn has driven the installation of European solar and solar street lights. In the UK, street lights account for about 40% of energy consumption, so government authorities have combined solar and LED lights. This solution helps reduce CO2 emissions while saving energy costs.

WOSEN has launched a light energy electric street lamp product, which is not affected by the weather, lights every day, has stable lighting, simple maintenance, and is suitable for use in various regions. This product has huge market growth potential. Southern Europe and the Middle East have plenty of sunshine and can use off-grid systems. The Egyptian government is installing solar energy street lights to reduce the load on the grid. Many parts of Africa still rely on traditional lighting. Several cities in this area have installed solar energy street lighting systems, which has improved the social and economic conditions of the rural and urban population. Americas: Brazil and the United States have the highest demand for solar-powered street lights. The US government vigorously promotes the energy-saving industry. The cost of LEDs and solar panels has dropped, and performance has improved, driving the installation of solar energy street lights in the United States. In 2016, Las Vegas partnered with a company in New York, EnGoPLANET, to install solar energy street lights to change traditional energy sources and use sustainable and renewable new energy sources. Although the United States dominates the solar street light market in North America, Brazil leads the solar light street market in South America . Brazil has invested heavily in LED street lights since 2013. Brazil ’s R20 Hub is a leading large-scale LED street lighting solution. It aims to cover 1.5 million street lights in 13 cities across the country to reduce the pressure on the power grid.

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