Asia Pacific Solar Street Lighting Market Size, Industry Overview by Product, Application and Regional Analysis Up To 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-28
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Asia Pacific Solar Street Lighting Market Size, Industry Overview by Product, Application and Regional Analysis Up To 2026

The Asia Pacific solar street lighting market size is set to attain a considerable revenue through 2026, pushed by the growing concerns over the replacement, addition, and retrofitting of faulty and insufficient streetlights across the region. The augmenting popularity of sustainable energy including solar streetlighting solutions has been pushing the demand for solar streetlamps across the region.

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The rising degree of women’s safety concerns has also been fostering demand for solar streetlights in rural and urban areas in Asia Pacific. The following four factors have been encouraging the progress of the Asia Pacific solar street lighting market outlook:

Installation of LED streetlights to gain popularity

The highly productive lumen & wattage advantageous characteristics of LED streetlight has been responsible for the growing demand for this product across the region. When compared with other alternatives, LED streetlamps exhibit higher resistance to extreme climatic changes and offer a longer life span.

Product adoption is also receiving a boost from the absence of mercury and other toxic elements as well as low heat generation in LED streetlight. Due to these multiple benefits offered by LED streetlighting, coupled with innovative product ranges introduced by LED streetlight manufacturers, the Asia Pacific solar streetlighting industry share is set to spiral skyward.

Demand for CFL luminaries to stay aloft

The rising demand for CFL luminaries in the region is likely to remain aloft through the forecast years, bringing in significant profits for the APAC solar street lighting market size. With more awareness pertaining to the adoption of sustainable energy and the concerns regarding Greenhouse gas (GHG) emissions, the demand for CFL streetlights has been increasing due to their lower carbon footprint.

Growing concerns over safety of women

Better lighting as well as wider pavements are increasingly being acknowledged as crucial infrastructural facilities especially in the wake of the rising frequency of crimes including rape against women in the region. According to the findings of safety audits conducted across Delhi, India through the UN-initiated Safe Cities Programme, efficient streetlighting can prevent the frequency of these crimes, since dark areas tend to facilitate such incidents. Steps in this direction are likely to favor the Asia Pacific solar street lighting market share, as a higher number of target areas such as dark alleys and corners will receive attention.

India to invest a substantial amount in installing and retrofitting

Numerous government schemes such as the PM-KUSUM scheme have been encouraging stakeholders to adopt renewable energy in India. Under the PM-KUSUM scheme, new and upcoming power generation companies that will generate solar power through March 2023 will be offered 15% concessional corporate tax rate. The implementation of such schemes has been inducing higher demand across the APAC solar street lighting market trends.

The Government of India has also been implementing the Phase-III of its off-grid solar PV programme that aims to install over 300,000 solar streetlights, distribute more than 2.5 million solar study lamps as well as offer solar power packs with an aggregate capacity of 100 MW. Another scheme, AJAY Phase-II that involves the addition of 300,000 lakh solar streetlights is also underway.

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Urja, Sunna Design, Orion Solar, Su-Kam Power Systems Ltd., Leadsun, Sol, Inc., Zhuhai Bomin, Philips, Jinhua SunMaster, Exide Industries Ltd., and Solux are some leading solar street light companies in Asia Pacific.

Table of Contents (ToC) of the report:

Chapter 1.       Methodology and Scope

1.1.           Methodology

1.2.           Market definitions

1.3.           Market estimates and forecast parameters

1.4.           Data sources

1.4.1.        Primary

1.4.2.        Secondary

1.4.2.1.           Paid sources

1.4.2.2.           Public sources

Chapter 2.       Executive Summary

2.1.           Asia Pacific solar street lighting market 360o synopsis, 2015 – 2026

Chapter 3.       Asia Pacific Solar Street Lighting Industry Insights

3.1.           Industry segmentation

3.2.           Industry landscape, 2015 – 2026

3.3.           Industry ecosystem analysis

3.3.1.        Vendor matrix

3.4.           Innovation & sustainability

3.5.           Regulatory landscape

3.6.           Price trend analysis

3.7.           Industry impact forces

3.7.1.        Growth drivers

3.7.2.        Industry pitfalls & challenges

3.8.           Growth potential analysis

3.9.           Porter's analysis

3.10.         Competitive landscape, 2019

3.10.1.      Strategy dashboard

3.11.         PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1320/asia-pacific-solar-street-lighting-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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