Solar Street Lighting Market –
Solar street lighting market is estimated to reach $10,805.3 million market size by 2023. High demand for efficient and renewable source of lighting for streets and increasing government support worldwide are the major factors responsible for significant growth in the solar street lighting market, which is 21.2% CAGR forecast to 2023.
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Asia-Pacific has been the largest solar street lighting market, whereas MEA is expected to witness the fastest growth among all the regions. The fastest growth in MEA market can be attributed to increasing government support, constantly increasing energy costs,rise in demand of electricity, surging demand for renewable lighting sources, and increasing awareness amongst citizens about benefits associated with the use of solar street lighting over traditional lighting sources.
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Solar street lighting market size was valued at $2.8 billion in 2016, and it is forecasted to grow at 21.2% CAGR during 2017 – 2023, P&S Market Research