The report, now available on ASDReports, recognizes the following companies as the key players in the Global Solar Street Lighting Market: Omega Solar, Philips Lighting, Solar Street Lights USA, and Su-Kam Power Systems.
Other Prominent Vendors in the market are: Bridgelux, Covimed Solar, Dragons Breath Solar, Elecssol, Fosera, KCP Solar, Shenzhen Spark Optoelectronics S&T, Solar Electric Power Company (SEPCO), SOKOYO, Solektra, Sunna Design, Tata Power Solar Systems, Urja Global, and VERYSOL.
Commenting on the report, an analyst said: “Emergence of smart cities will gain traction in this market. A smart city integrates multiple communication and information technology solutions to drive economic growth and improve the quality of life. To attain this goal, governments invest in technologies for climate action plans, open data platforms, water management, smart street lighting, smart grids, smart parking, and urban mobility.”
According to the report, the developments in the global solar street lighting market has encouraged partnerships between the local governments, international organizations, and regional non-governmental organizations (NGOs) across countries. Such collaborations have significantly contributed to the growth of the market in the recent past, and is expected to drive its growth in the coming years.
Further, the report states that many countries have passed stringent legislations for the use of energy-efficient technologies. The specifications and standards for LED lighting vary across different countries. As there is no single international standard for LED lighting, it acts as a hurdle for vendors as they need to qualify the standards in countries where they intend to do business. This prevents vendors from entering foreign markets. There is also a lack of industry-wide dimming standards for LED lighting. This can adversely affect the adoption rate of LED lighting products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Dec 14, 2016