Solar street lighting is a system of lights that is powered by solar energy. It is composed of a set of solar panels that convert solar radiation into electrical energy that is used to power up the lighting system. Solar street lighting systems are typically used to light public spaces, such as walkways, highways, roads, bike paths, parks, parking lots, and other outdoor lighting applications.
Solar street lighting systems are becoming increasingly popular around the world, and have seen tremendous growth in both developed and developing countries. This is due to their cost efficiency, as well as their environmental benefits. Solar street lighting systems provide clean and renewable lighting to replace conventional electric street lights, while drastically reducing energy costs. Additionally, they do not require the use of power cables or the continuous maintenance of traditional street lights.
The global Solar Street Lighting market was valued at US$ 5674 million in 2022 and is anticipated to reach US$ 17240 million by 2029, witnessing a CAGR of 17.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Solar Street Lighting Market available at: https://www.themarketreports.com/report/global-solar-street-lighting-market-research-report
This report aims to provide a comprehensive presentation of the global market for Solar Street Lighting, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Street Lighting.
In USA, Solar Street Lighting key players include Philips, Leadsun, Solar Street Lights USA, SEPCO, Jiawei, etc. USA top five manufacturers hold a share over 15%.
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