From the year of 2016 to the year of 2020, the global solar street light market will increase at the compound growth rate of 19%. The rapid increase of the solar street light market is to satisfy the ever-growing needs and decrease the power consumption of street light to guarantee the safety of inhabitants and pedestrians.
In 2015, the Asia-Pacific region takes up 46% of the market, and Europe, Middle East and Africa take up 30% and America takes up 23%.
The Asia-Pacific region: China and India government take measures to stimulate the development of solar street light
The Asia-Pacific region takes up the largest market share. Attributed to the extending of energy-saving lights in India and China, in addition, many LED chip factories and assembly houses are built in China, Japan, Korea and Taiwan.
Concentrated on the development of intelligent city, India government aims to build at least 100 intelligent cities before 2030. Different from the ordinary street light, the solar LED has cost-effectiveness, for it doesn’t need to connect with the power grid, and it is workable in nations where full of sunshine and it is the ideal choice for off-grid. Even in the evening, the solar street light in remote areas can also work normally, which will greatly improve the living-standard of local people. All those elements promote 1000 villages to install the LED street light actively. Many villages of India, China and Africa install the solar LED street lights.
The Europe, Middle East and Africa: the Africa has great increasing potential in solar street lights market
In 2015, the Europe has become the second contributor in the solar street light market all over the world. The market is driven by the energy efficiency and renewable energy target formulated by the government, which can also drive the installation of solar street light in Europe. In England, the energy consumption of street light has taken up 40 % of the total consumption, so the government combines the LED with solar energy, which can reduce the emission of CO2 and save energy cost. The PHILIPS has promoted a solar street light which can increase the adoption of energy-saving street light system.
America: Brazil and USA have the largest demands on the solar street light
The government of the USA had done a lot to improve the energy-saving industry. The cost decrease and performance improvement of the LED and solar panel have promoted the development of the installation of solar street lights in the USA. Brazil has invested a large number of money on the LED street lights since 2013. The R20Hub of Brazil is an advanced LED illuminating plan, which aims to install 1.5 million solar street light covering 13 cities throughout the country to decrease the pressure of the power grid.