Solar Street Lighting - New Developments and Challenges

1. Solar Street Lighting Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031 TMRResearch www.tmrresearch.com

2. Solar Street Lighting Market 1 MARKETOVERVIEW • The primary energy source of outdoor street lighting units is solar power and a lot of them are made to operate in a standalone mode, therefore making them independent of the general power grid. • However, their dependency on sunlight requires the lighting units to be installed in a location that can receive ample sunlight at key parts of the day. • The solar PV street lighting system comprises a rechargeable lead acid battery, PV modules for charging the battery, a compact fluorescent lamp (CFL) as a light source, an electronics system for the operation of the lamp, and a discharging mount and mechanical hardware for fixing the system. TMRResearch www.tmrresearch.com

3. Solar Street Lighting Market 2 DRIVERS & INHIBITORS • One of the key drivers augmenting the global solar street lighting market is the high priority that many nations are giving to looking for alternatives that are efficient and provide off-grid power solutions. • This gives way to certain drivers that boost the solar street lighting market. A crucial foundation that the global solar street lighting market is currently based on is the fact that they provide a feasible solution to conventional street lighting across a wide array of terrains, provided there is sufficient sunlight, and irrespective of grid connectivity. • Solar street lightings can also reduce the overall energy load on a grid, consequently saving money over energy consumption. Solar street lights also come with the advantage of bearing low or even negligible maintenance costs, low wiring efforts and no transformer costs for off-grid lights. TMRResearch www.tmrresearch.com

4. Solar Street Lighting Market 3 KEY COMPANIES • Key players in the Global Solar Street Lighting Market include • Solar Street Lights USA • OkSolar.com • Solar Lighting International Inc. • Solar Electric Power Co. • Silicon Solar. TMRResearch www.tmrresearch.com

5. Solar Street Lighting Market 4 REGIONAL OUTLOOK • Based on region, the global solar street lighting market can be segmented into North America, Europe, Asia Pacific, Latin America, and The Middle East and Africa. The implementation of SSL systems can be found in Asia Pacific, specifically in China and India. • Asia Pacific takes up a massive chunk of the demand volume in the global solar street lighting market currently, and is likely to continue doing so over the coming years. • Meanwhile, North America and Europe are expected to continue being primary markets for solar street lighting owing to a higher rate of acceptance, a growing need to conserve power, and holding the headquarters of some of the leading players in the market. TMRResearch www.tmrresearch.com

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