The hottest global solar street lighting market in

The global solar street lighting market may exceed US $15billion in 2024

Abstract: by 2024, the independent solar street lighting market will exceed US $13billion, mainly due to the increased acceptance of independent products in regions that cannot use electricity

the global street lighting market accounts for nearly 20% - 35% of the total energy consumption, reflecting the growing demand for reducing power consumption. In addition, the government's strict regulations on energy conservation and strict measures to curb greenhouse gas emissions are expected to promote the growth of the solar street lighting market in the next few years

the depletion of fossil fuels has greatly increased the cost of electricity, which leads to the need to find alternative energy sources. Compared with other traditional street lamps, solar street lamps can provide reliable, sustainable and affordable electricity. The results and steps of starting under the cost of solar modules are not the same, and favorable government measures, such as tax relief and subsidies for solar products, will support the growth of solar street lighting market in the next eight years

according to the report of global lmarketinsights, the development of 2 industry is changing from scope growth to connotative growth. In 2015, the market value of solar street lighting was $2.9 billion, and it is expected to exceed $15billion by 2024, with a compound annual growth rate of 20%

in 2015, the US solar street lighting market was about 197million US dollars. Due to the strict regulatory norms for reducing carbon emissions and promoting energy conservation, the U.S. market is expected to grow significantly from 2016 to 2024. In 2015, the market value of solar street lighting in Nigeria was US $164.14 million. It is expected that there will be high growth from 2016 to 2024, thanks to the rising demand for electricity and more shift to off-line as a priority energy. In the next eight years, the Indian solar street lighting market is expected to grow at a compound annual growth rate of 19% that can accurately control the quality control parameters, because favorable government policies have promoted the use of renewable energy for traditional street lighting

solar street lighting has various applications in industrial, residential and commercial fields. Due to the low maintenance cost of solar street lamps and the government's measures to build green buildings in urban and industrial areas, the application value of solar street lighting with a plane finish of △ 6 fields in the residential market in 2015 reached $630.8 million, which is expected to surge in the future. The solar street lighting market in the commercial sector will grow at a compound annual growth rate of 20.23%, which is due to strict regulatory norms for reducing carbon emissions and government support for electrification projects in rural areas. From 2016 to 2024, the solar street lighting market in the industrial sector will grow at a rate of 18.90%, because reduced power consumption helps minimize capital expenditure

solar street lamps are installed with independent models. By 2024, the independent solar street lighting market will exceed US $13billion, mainly due to the increased acceptance of independent products in regions that cannot use electricity

the main market participants in the global solar street lighting market include Omega solar, sokoyo solar group, Philips Lighting, etc. Industry participants will try to maintain their market position through product innovation and R & D investment