1.The global market for solar street lamps is expected to grow by 19% from 2016 to 2020. The global market for solar street lamps is divided into fluorescent and LED lamps.
The rapid growth of the market of solar street lamps is to meet the increasing demand, reduce the power consumption of solar street lamps and ensure the safety of residents and pedestrians.
In 2015, the asia-pacific region had 46 per cent market share; Europe, the Middle East and Africa accounted for 30%; In the United States, it's 23 percent.
Asia Pacific: Chinese and Indian governments take steps to stimulate growth.
The asia-pacific region has the largest market share, with India and China pushing for energy-efficient lighting, in addition to many LED chip and assembly plants in China, Japan, South Korea and Taiwan. The Indian government is committed to developing smart cities with the goal of creating at least 100 smart cities by 2030. Unlike traditional street lamps, solar LED lamps are extremely cost-effective because they do not need to be connected to the national grid. They are ideal for off-grid use in sunny countries. Solar street lamps can work even at night in remote areas, which will improve the living standards of residents. This factor will encourage 1,000 villages to install solar LED street lamps. Many villages have installed solar-powered LED street lights in India, China and Africa.
2.Europe, Middle East and Africa: the potential market for solar street lighting in Africa is huge. Europe was the second largest contributor to the global solar street lamp market in 2015. The market has been driven largely by government targets for energy efficiency and renewable energy, which have led to the installation of solar street lamps in Europe. Solar street lighting accounts for 40 per cent of UK energy consumption, so the government is combining solar and LED lighting to help carbon dioxide emissions and save energy costs.
Southern Europe and the Middle East have plenty of sunlight and can use off-grid systems. The Egyptian government is installing solar street lights to reduce the load on the electricity grid. Many parts of Africa still rely on traditional lighting. Some cities in the region have installed solar-powered street lighting systems, which have since improved the socio-economic conditions of villagers and citizens.
3.Us: Brazil and the us have the biggest demand for solar street lamps. The U.S. government is pushing energy efficiency. The cost and performance gains of LED and solar panels have driven the installation of solar street lamps in the United States. EnGoPlanet, based in New York, has teamed up with Las Vegas to install solar street lights, transforming traditional energy sources into sustainable and renewable ones. While the United States dominates the market in North America, Brazil dominates the market in South America. Brazil has invested heavily in LED street lighting since 2013. Brazil's R20Hub is a leading large-scale LED street lighting project, which aims to cover 1.5 million solar street lights in 13 Brazilian cities to relieve the pressure on the national grid.