The study will cover the market intelligence and information for a period of 12 years from 2014 to 2026. The base year for the study is 2020.
Global Solar Street Lighting Market Forecast:
The global Solar Street Lighting Market is anticipated to recoup from the effects of COVID-19 starting from the year 2021 and will grow at a modest CAGR during the forecast period of 2021-2026.
Solar Street Lighting Market is likely to witness an impressive CAGR of 10.2% during the forecast period.
The market is estimated through a rigorous triangulation process of internal data, secondary analysis and the insights gained from the primary interviews with industry experts.
The Solar Street Lighting Market growth depends upon numerous factors which have direct or indirect impact the demand.
The key factors governing the demand for Solar Street Lighting Market are:
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Solar Street Lighting Market Segmentation:
Street lightning are an inevitable part of urban and rural infrastructure. Lighting creates safe environment for both pedestrians and drivers. There has been a massive shift towards LED lighting on the streets all across the globe, as it uses less energy and is more reliable than traditional sodium lamps. Being a renewable resource, solar power is increasingly being used for street lighting around the world.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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COVID-19 IMPACT Analysis on Solar Street Lighting Market
COVID-19 has affected all the businesses, small or big, present in any sector. The dynamics of Solar Street Lighting Market have seen a huge shift in the year 2020. The market environment and the way of operations have taken a huge turn and have led to many changes in the processes, which will have repercussions for a long period. 2021 is likely to be better than 2020 for the Solar Street Lighting Market players as most of the businesses have resumed their operations and the demand is getting restored for them.
Note: This report will be updated to incorporate the impact of COVID-19 on the market forecast for the period of 2021 to 2026.
Solar Street Lighting Market Competitive Analysis:
The report studies the competitive framework and business environment via different analytical frameworks such as
The key players in Solar Street Lighting Market are:
The Solar Street Lighting Market report benchmarks the major competitors on critical parameters, some of which are mentioned below:
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Solar street lighting market is expected to witness an impressive growth of 10.2% CAGR in the foreseeable future.
Anhui Longvolt Energy Co., Ltd, BISOL Group, COVIMED SOLAR, Greenshine New Energy, Jinhua SunMaster Solar Lighting Co., Ltd, LEADSUN, Orion Solar Projects Private Limited, Shenzhen Spark Optoelectronics S&T Co., Ltd, Solar Electric Power Company (SEPCO), and Solar Lighting International, Inc. are among the key players in the solar street lighting market.