Showing posts with label Solar Street Lighting Market Share. Show all posts
Showing posts with label Solar Street Lighting Market Share. Show all posts

Friday, 30 September 2016

Solar Street Lighting Market Advanced technologies & growth opportunities in global Industry by 2024.

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Outdoor street lighting units used to illuminate a street or open areas via solar energy is termed as solar street light (SSL). Since their primary energy source is solar power, they operate in a stand-alone mode, therefore are not dependent on the general grid for any power requirements, whatsoever. Due to their dependency on sunlight, the lighting unit needs to be installed in a shadow-free area or a place where direct sunlight is available throughout the day to sufficiently charge the batteries for one working cycle.
The standalone solar photovoltaic street lighting system comprises of a re-chargeable lead acid battery for storage, PV (photovoltaic) modules for charging the battery, light source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED), suitable electronics for the operation of the tamp and safe charging and discharging of the battery and mechanical hardware for fixing these sub systems. These lighting systems are available either with automatic dusk to dawn operation or with a pre-set timer. Tubular Batteries provided with the solar street lighting system require lower maintenance; have longer life and give better performance as compared to pasted plate batteries used earlier. The SPV modules are reported to have a service life of 15-20 years.
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Current market scenarios have prompted street light manufacturers to look for alternatives that are efficient and provide off-grid power solutions. This gives way to certain drivers that boost the solar street lighting market. One of the most important fundamentals involved with SSL is the fact that they provide a viable solution to street lighting in any terrain, irrespective of whether there is grid connectivity to that location or not. Secondly, they reduce energy load on the economy leading to more fiscal savings for the government as well as the taxpayers. Solar street lights also give the benefit of having negligible maintenance cost, no wiring or transformer costs as well as reduction in carbon footprint
The Solar street lighting market can be broadly segmented on the basis of types (Standalone and On Grid), applications (Residential, Commercial and Industrial) and lighting source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED)
Asia Pacific was the largest market for Solar Street Lighting globally, accounting for 44% share in 2015. India was the leader in terms of revenue realization from Solar Street Lighting, followed by China, in 2015. Africa was the second-largest market for solar street lighting in 2015. Kenya, South Africa, Ghana, and Nigeria spearhead the solar street lighting market in Africa with need for clean and reliable source of off-grid electricity. Europe was the third-largest market for solar street lighting, in terms of market share, in 2015. Germany and U.K were the leading countries with highest revenue realization from solar street lighting in 2015. The market in Africa is expected to witness significant growth in the near future and would surpass the growth rate of Asia Pacific market by 2018. This expected growth is the result of numerous initiatives such as subsidies, campaigns, and different programs introduced by the World Bank and International Finance Corporation to promote solar street lighting products.
The market in Africa is expected to expand at the highest CAGR during the forecast period. Government policies, local manufacturing, and demand for clean fuel off grid electricity would drive the demand for solar street lighting in Africa.
Some of the key manufacturers of solar street lighting are Philips Lighting Holding B.V., Omega Solar, Bridgelux, Inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna Design, Urja Global Ltd., VerySol GmbH, Solar Street Lights USA and Sol, Inc.

Monday, 29 August 2016

Global Solar Street Lighting Market to Expand Rapidly at 23.23% CAGR to Reach US$17.78 bn by 2024

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Transparency Market Research has released a new market report titled “Solar Street Lighting Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016 - 2024.” According to this report, the global solar street lighting market revenue stood at US$ 2.72 Bn in 2015 and is projected to reach US$ 17.78 Bn by 2024 at a CAGR of 23.23% from 2016 to 2024.
Solar street lighting is one of the best renewable energy based technologies to power street lights both in grid-based and off-grid systems. The component used for solar street light are solar pane, lighting fixture, controller, rechargeable battery, and pole. Due to their dependency on sunlight, the lighting unit needs to be installed in a shadow-free area or a place where direct sunlight is available throughout the day to sufficiently charge the batteries for one working cycle. The standalone solar photovoltaic street lighting system comprises of a re-chargeable lead acid battery for storage, PV (photovoltaic) modules for charging the battery, light source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED), suitable electronics for the operation of the tamp and safe charging and discharging of the battery and mechanical hardware for fixing these sub systems. These lighting systems are available either with automatic dusk to dawn operation or with a pre-set timer. Tubular Batteries provided with the solar street lighting system require lower maintenance; have longer life and give better performance as compared to pasted plate batteries used earlier. The solar photovoltaic modules are reported to have a service life of 15-20 years.
The solar street lights are widely used in residential (car parking, residential buildings, garden lawns and others), commercial (highways, colonies, rural areas and others) and industrial
Current market scenarios have prompted street light manufacturers to look for alternatives that are efficient and provide off-grid power solutions. This gives way to certain drivers that boost the solar street lighting market. One of the most important fundamentals involved with SSL is the fact that they provide a viable solution to street lighting in any terrain, irrespective of whether there is grid connectivity to that location or not. Secondly, they reduce energy load on the economy leading to more fiscal savings for the government as well as the taxpayers. Solar street lights also give the benefit of having negligible maintenance cost, no wiring or transformer costs as well as reduction in carbon footprint.
The Solar street lighting market can be broadly segmented on the basis of types (Standalone and On Grid), applications (Residential, Commercial and Industrial) and lighting source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED)
Asia Pacific was the largest market for Solar Street Lighting globally, accounting for 44% share in 2015. India was the leader in terms of revenue realization from Solar Street Lighting, followed by China, in 2015. Africa was the second-largest market for solar street lighting in 2015. Kenya, South Africa, Ghana, and Nigeria spearhead the solar street lighting market in Africa with need for clean and reliable source of off-grid electricity. Europe was the third-largest market for solar street lighting, in terms of market share, in 2015. Germany and U.K were the leading countries with highest revenue realization from solar street lighting in 2015. The market in Africa is expected to witness significant growth in the near future and would surpass the growth rate of Asia Pacific market by 2018. This expected growth is the result of numerous initiatives such as subsidies, campaigns, and different programs introduced by the World Bank and International Finance Corporation to promote solar street lighting products.
The market in Africa is expected to expand at the highest CAGR during the forecast period. Government policies, local manufacturing, and demand for clean fuel off grid electricity would drive the demand for solar street lighting in Africa.
Some of the key manufacturers of solar street lighting are Philips Lighting Holding B.V., Omega Solar, Bridgelux, Inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna Design, Urja Global Ltd., VerySol GmbH, Solar Street Lights USA and Sol, Inc
The Solar Street Lighting market has been segmented as follows:
Solar Street Lighting Market: By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
Solar Street Lighting Market: By Type
  • Standalone
  • On Grid

Wednesday, 18 May 2016

A Conscious Effort to Save Energy Expected to Ensure Penetration of Solar Street Lighting

Solar street lighting (SSL) units are used to illuminate a street or any open area by making use of solar energy. These units operate in a stand-alone mode and are not dependent on the conventional grids for power supply; however, they need to be installed in a shadow-free area as they are sunlight-dependent units. The sunlight received during the day is sufficient for the batteries to charge and operate for one full working day. The current market scenarios have prompted street light manufacturers to opt for energy-efficient alternatives for the off-grid power solutions. Thus, the global solar street lighting market is projected to grow in the coming years, as per the findings of a recent market study carried out by Transparency Market Research (TMR).
In this blog post, TMR answers three critical questions about the solar street lighting market:
What is leading to the higher adoption of SSL and boosting the market?
The tubular batteries provided with a solar street lighting unit are high performance and long-life batteries that encourage higher adoption. Solar street lighting units provide a viable solution to street lighting in any terrain irrespective of the availability of grid connectivity in that location. SSL units reduce the energy load on the economy leading to more fiscal savings for both the government as well as the tax payers. The negligible maintenance it requires is also leading to a positive response and increasing use of solar street lighting units to illuminate streets and roads. Moreover, they entail no wiring or transformer costs. They also help in reducing the carbon footprint and subsequently, various governments are promoting its adoption, which is expected to bring about a positive impact on the SSL market.
If SSL has so many benefits, why don’t we see more of these units being adopted?
Yes, SSL has various advantages, but despite all the benefits, this technology is yet to become popular worldwide. For sizeable penetration of SSL technology to take place, it will take some time as the technology is relatively new and not many are aware of its benefits. The technology is still in an innovative phase and standardization has not yet been achieved. Since the technology is yet to make an impact in many countries owing to the lack of proper design and standardization, it will be a few years before solar street lighting is used on a large scale, but when it does, it will sure create a wealth of opportunities in the market. One of the prime reasons why it will be challenging to adopt this technology across the globe is the fact that not every region experiences ample sunlight, and SSL as we know, needs sunlight for its functioning.
Where are solar street lighting units currently in use? What are the recent developments in the field?
Solar street lighting is being implemented extensively in Asia Pacific region, especially in China and India. Countries in North America have successfully implemented this system in many of the county-level projects in the southern states of the U.S. The European cities, too, have adopted the technology to a certain level.
Solar Street Lights USA is a key player in this space. The company has successfully engineered solar street lighting systems that are used in roadways, parking lots, pathways, perimeter fence lighting, remote bathrooms and rest stops, and high-risk or dark areas. The company makes use of the latest LED technology.
Philips has developed Solar Gen2, the world’s most efficient and cost effective LED street lighting solution, which is powered by solar energy. Solar Gen2 is valuable for towns and cities near the equator, thereby making use of the sunlight that is received for many hours, supplementing the capacity of conventional electricity grid. Solar Gen2 can light up the lives of the 1.6 bn people living in rural areas who are deprived of electricity.
The Danish Outdoor Lighting Lab (DOLL) has opened a new test facility wherein the latest designs of city street lights are tested. With an aim to power lights with solar energy and also by windmills, DOLL has come up with lights that are rectangle, square, circle and halo shaped.
Researchers in Spain have developed street lamps by integrating solar and wind turbine technology, which is 20% cheaper than the current street lighting systems. The potential to take streetlights off conventional grid and replacing them with the green and energy efficient street lights is appealing politicians, city planners, and businesses.
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