2016-2020 global solar street lamp market can be expected in the future

December 25, 2022

It has been several years since the solar energy was born and slowly precipitated. The market scale that is now gradually formed is inseparable from the hard research and development and quality control of the manufacturers. Only a healthy industry atmosphere can continuously produce high-quality industry products, and the quality of the industry can cultivate a group of determined users. This is the virtuous circle of the market and long-term business.
Today, the types of solar street lights can be divided into two categories: fluorescent lights and LED lights. According to relevant data, from 2016 to 2020, the compound growth rate of the global solar street lamp market is as high as 19%, and the current share of fluorescent lamps in the two major categories has reached 62%. Solar street lamps have been tested by the market, and the prospect is still not to be underestimated.

The rapid growth of the solar 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 Market: Incentives for 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 LEDs are extremely cost-effective because they do not need to be connected to the power grid. They are very feasible 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.

Europe, Middle East and Africa markets: African solar street lamp market has huge room for growth

In 2015, Europe was the second largest revenue contributor to the global solar street 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 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. Philips has launched a solar street light product that helps transform traditional lighting used in energy-saving street light lighting systems.

Southern Europe and the Middle East have plenty of sunshine and can use off-grid systems.

The Egyptian government is installing solar 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 street lighting systems, thus improving the social and economic conditions of the rural and urban population.

American market: Brazil and the United States have the highest demand for solar street lights

The US government is vigorously promoting the energy-saving industry. The cost of LEDs and solar panels has decreased, and performance has improved, driving the installation of solar street lights in the United States. In 2016, Las Vegas partnered with a company in New York, EnGoPLANET, to install solar street lights to change traditional energy sources and use sustainable and renewable new energy sources.

Although the United States dominates the North American solar street lamp market, Brazil is in the lead in the South American solar street lamp market. 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.

By comparing the three major markets of solar street lamps, this paper comprehensively analyzes from national policies, growth data, regional environment, etc. The demand for solar street lamps in the three major markets not only does not decrease, but also shows a sharp upward trend. For a comprehensive reason, we can judge that because in recent years, new energy has indeed made economic contributions and environmental improvements to human energy conservation and emission reduction, people have benefited greatly from it, resulting in the demand for new energy street lamps in the world market. Has been climbing steadily.

We are happy to see the contribution of solar street lights to the world's environmental protection cause, and we also look forward to the warmth of solar street lights can shine into more places in the world.

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