NEW YORK, Oct 13, 2022 (GLOBE NEWSWIRE) – Reportlinker.com Announces Global Solar Street Lighting Industry Report – https://www.reportlinker.com/p05900340/?utm_source=GNW Online Interactive Peers – Peer Collaborative Setting peer-to-peer UPDATE Access our digital archive and MarketGlass research platform for free updates for one year. . LED, one of the segments analyzed in the report, is expected to grow by an average of 19.3% to reach $10.9 billion by the end of the analysis period. Growth in the compact fluorescent lamp segment has been revised to a CAGR of 5% over the next seven years to reflect the ongoing recovery from the pandemic. – The US market is valued at US$794.6M, while China is expected to have a CAGR of 17.9% – The US solar street lighting market is valued at US$794.6M in 2020.
China, the world’s second largest economy, is expected to reach a market size of US$3.5 billion by 2027, growing by an average of 17.9% during the analyzed period from 2020 to 2027. Other notable geographic markets include Japan and Canada, which are projected to grow by 11.5% and 14.3%, respectively, between 2020 and 2027. In Europe, Germany’s average annual growth rate is expected to be around 13.4%. Featured Competitors (69 Featured) Acuity Brands, Inc. Bajaj Electricals Ltd.Bridgelux, Inc.Cooper Lighting, LLCDragons Breath Solar Ltd.Jiangsu SOKOYO Solar Lighting Co., Ltd.Signify Holding BVSolektra InternationalSunna Design SAurja Global Ltd.Read full report: https://www.reportlinker.com/p05900340/ ?utm_source=GNW I. METHODOLOGYII.
Summary 1. MARKET OVERVIEWInfluencer Market InsightsWorld Market TrajectoriesImpact of Covid-19 and a Looming Global RecessionCOVID-19 Pandemic Chokes Supply from ChinaWith COVID-19 Pandemic Crushing the Sentiment in the WorldConstruction Sector, Solar Street Lighting Market Set toExhibit Substantial Decline in 2020World Economic Growth Projections (Real GDP, Annual % Change)for 2019, 2020 & 2021Global Solar Street Lighting Market to Move Ahead at LightningSpeed Post COVID-19LED Remains at the Forefront of Solar Street Lighting RevolutionResidential Application Segment Leads the Smart Street LightingMarketAsia-Pacific Market for Solar Street Lighting to WitnessFastest GrowthEurope and the US to Present Lucrative Growth OpportunitiesMarket Players Gain from New Solar Street Lighting ContractsEmerging Trends Warranting Attention from Solar Street LightingVendorsSolar Street Lighting – Global Key Competitors PercentageMarket Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial MARKET OVERVIEWInfluencer Market InsightsWorld Market TrajectoriesImpact of Covid-19 and a Looming Global RecessionCOVID-19 Pandemic Chokes Supply from ChinaWith COVID-19 Pandemic Crushing the Sentiment in the WorldConstruction Sector, Solar Street Lighting Market Set toExhibit Substantial Decline in 2020World Economic Growth Projections (Real GDP , Annual % Change)for 2019, 2020 & 2021Global Solar Street Lighting Market to Move Ahead at LightningSpeed Post COVID-19LED Remains at the Forefront of Solar Street Lighting RevolutionResidential Application Segment Leads the Smart Street LightingMarketAsia-Pacific Market for Solar Street Lighting to WitnessFastest GrowthEurope and the US to Present Lucrative Growth OpportunitiesMarket Players Gain from New Solar Street Lighting ContractsEmerging Trends Warranting Attention from Solar Street LightingVendorsSolar Street Lighting – Global Key Competitors PercentageMarket Share in 2022 (E)Competitive Market Presence – Strong/Active/Niche/Trivial MARKET OVERVIEW Influencers Market InsightsGlobal Market TrajectoriesImpact of Covid-19 and Impending Global RecessionCOVID-19 Pandemic Limits Supply from ChinaCOVID-19 Pandemic Shatters Global SentimentConstruction Sector, Solar Street Lighting Market to Significantly Decline in 2020Global Economic Growth Forecasts (Real GDP) , YoY Change , %) for 2019, 2020 and 2021. The global solar street lighting market will move forward at lightning speed.
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Post time: Oct-19-2022