Solar Street Lighting Market 2021 Overview, Growth Opportunities and Projection Up to 2027

According to Market Research Future (MRFR), the global solar street lighting market is expected to post a CAGR of around 21.02% from 2017 to 2023 (forecast period). The report offers a systematic and thorough analysis of the COVID-19 pandemic effect on the global solar street lighting market.

Street lighting is the main component of urban and rural infrastructure. Lighting helps to create a safe environment for both pedestrians and drivers. Many streetlights worldwide are now being updated to LED lighting, which uses less energy and is more efficient than conventional sodium lamps, significantly reducing the cost of Solar Street Lighting Market. Solar power is gradually being used for street lighting around the world. Long-term power savings, the protection of valuable natural resources, and the reduction of the need for additional power generation contribute to the rapid adoption of solar street lighting around the world. Solar street lights are capable of providing efficient, high-quality lighting both in developing and developed countries, thereby minimizing light poverty and the economic and environmental costs of outdoor electric lighting. Rapid technical innovation and drastic price reductions in the LEDs, PV modules, and battery components that have occurred in recent years will boost the penetration of solar street lights around the world.

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