Industrial, Manufacturing & Heavy Industry Market News

Global Solar LED Street Lighting market to reach $5.56 billion by 2024 according to new research report

Led Lighting

The usage of solar LED street lighting business model is rapidly gaining momentum, owing to the increasing demand for energy efficient lighting systems. The application market for solar LED lighting industry has been analyzed for commercial, residential, and industrial segments.

The ongoing changes in the industry has led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities present for the global solar LED street lighting market during the forecast period. The market numbers play an important role in the industry, following which a proper market sizing and estimation by configuration types, applications, and geographical location have been undertaken for the industry.

According to a new market intelligence report by BIS Research, titled " - Analysis and Forecast, 2018-2024", the solar LED street lighting market was estimated at $2.27 billion in 2017 and is anticipated to reach $5.56 billion by 2024, growing at a CAGR of 13.20%, during the forecast period. Some of the factors driving the growth of solar LED street lighting solutions in the global market are decreasing cost of solar components, smart city adoption and favorable government policies.

The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary and SWOT analysis. The overall market has been segmented by device type along with end users. The report also includes a comprehensive section on the geographical analysis which has been sub-segmented into 4 major regions, namely North America, Europe, Asia-Pacific and Rest-of-the-World (RoW).

Key questions answered in the report

  • What is the expected global Solar LED Street Lighting market value by 2024 and CAGR during the forecast period?
  • What are the driving factors for the global Solar LED Street Lighting market through 2017 to 2024?
  • Which factors are impeding the growth of the global Solar LED Street Lighting market?
  • What are the recent trends and developments in the global Solar LED Street Lighting industry?
  • Which Global Solar LED Street Lighting type will lead the global Solar LED Street Lighting market by 2024?
  • What is the revenue generated by Solar LED Street Lighting (type) across different application verticals during the forecast period?
  • Which application is expected to dominate the global Solar LED Street Lighting market by 2024?
  • Which region is expected to lead the global Solar LED Street Lighting market by 2024?


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