2016 to 2020, the global solar street lamp market is expected to be 19% compound annual growth rate of growth. The global solar street lamp market is subdivided into two products, fluorescent lamps and LED lights. The market is dominated by fluorescent lamps, accounting for 62% of the market.
Asia-Pacific: China and India are taking incentives to boost growth
Asia-Pacific region occupied the largest market. This is mainly due to India and China and other countries to promote energy-saving lamps, in addition to China, Japan, Korea, Taiwan has many LED chips and packaging plant.
The Government of India is focused on the development of Smart Cities, aiming 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 grid and are very viable in sunny countries and are ideal for off-grid use. Even after dark, solar street lights in remote areas can still function properly, which will improve the living standards of the local people. These factors will prompt the initiative to install 1000 villages of solar LED lights. Many villages in India, China and Africa have installed solar LED lights.
Europe, the Middle East and Africa: African solar street lamp market growth potential is enormous
In 2015, Europe is the world’s solar street lighting market, the second largest contributor to revenue. The market is driven largely by government-mandated energy efficiency and renewable energy targets, which in turn drives the installation of European solar streetlights. In the UK, street lamps account for about 40% of the energy consumed, so the authorities combine solar power with LED lights. This approach helps to reduce CO2 emissions, while saving energy costs. Philips has introduced a solar street light products, help to change the energy-saving street lighting system using the traditional lighting.
Southern Europe and the Middle East have good sunshine, can use off-grid system.
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 the region have installed solar street lighting systems to improve the social and economic conditions of rural and urban populations.
Americas: Brazil and the United States have the highest demand for solar street light
The US government promote energy-saving industries. LED and solar panels cost reduction, improved the function, and promoted the installation of US solar street lights. In 2016, Las Vegas cooperated with a company called EnGo PLANET in New York, to change the traditional energy, use the sustainable and renewable energy.
Although the United States in the North American solar street lamp market dominance, Brazil in the South American solar street lamp market is in a leading position. Since 2013 Brazil invest heavily in LED lights. Brazil’s R20Hub is a leading large-scale LED street lighting program, the target in 13 cities across the country 1.5 million street lamps to reduce the pressure on the grid.