Global Hybrid Street Lighting Systems Market 2017-2021

Overview of the global hybrid street lighting systems market

Technavio’s market research report predicts that the global hybrid street lighting systems market will grow at a CAGR of above 7% during the forecast period. The rise in government support is one of the primary drivers for market growth. The increased collaboration between the local governments, international organizations, and regional non-governmental organizations (NGOs) are also expected to contribute to the growth of the hybrid street lighting market. The rise in support has been observed due to the technology improvements offering better living conditions for citizens, and many schemes have been put in place across Asia and Africa for the development of the market. Moreover, these schemes, announced by the governments provide subsidies and discounts to the projects focussed on growth and application of the solar lighting schemes, and it also guarantees no cutting down of profit margins for the vendors. Thus, the growth of the market in developing countries propels the hybrid street lighting systems market in the future.

Our global hybrid street lighting systems industry report, the rising urbanization has been one of the latest trends that will gain traction in the market. The mounting urbanization leads to governments increasing their  services and facilities such as drinking water facility, street lighting, and waste management. In addition, the expansion of street light services will rise the power consumption and spending for the municipalities. However, adoption of off-grid technologies such as the hybrid street lighting systems in municipalities is also foreseen to propel the requirement for off-grid power systems, particularly in the emerging countries of Africa and Asia.

Competitive analysis and key vendors

The global hybrid street lighting systems market is categorized by the presence of well-established international and regional vendors. The market competition is likely to grow further with a rise in product or service range, development of new technologies, and M&A activities. Moreover, the local vendors are finding it hard to compete with the international players based on quality, technology, and price. Furthermore, the intense competition, rapid developments in technology, and constant changes in user preferences are expected to pose significant risk factors for vendors in the market.

Key vendors in the market are:

• Eolgreen
• Guangzhou HY Energy Technology
• Phono Solar
• Shanghai Ghrepower Green Energy
• UGE

Other prominent vendors include Airsynergy, Bridgelux, CLEAR BLUE TECHNOLOGIES, Covimed Solar, Deepa Solar Systems, Dongguan Link Light Solar Energy Science & Tech, Dragons Breath Solar, Eco-$mart, Elecssol, Fosera, Hi-VAWT Technology, Jinhua SunMaster Solar Technology, KCP Solar, LZ New Zealand, Omega Solar, Philips Lighting, R-MAN HIGH TECH SOLAR PRIVATE LIMITED, SEPCO (Solar Electric Power Company), Shenzhen Spark Optoelectronics S&T , SOKOYO Solar Group, Solar Street Lights USA, Solektra International, Su-Kam Power Systems, Suneco Green Energy, Sunna-design, Suveg Electronics, Tata Power Solar Systems, Urja Global Limited, V-Air Wind Technologies, Verysol, and Winpro.

Segmentation by product and analysis of the hybrid street lighting systems market

• LED
• CFL

During 2016, the LED-based product segment dominated the global hybrid street lighting systems market and expected to continue the dominion over the next four years. Factors like increased lifespan of LEDs, low annual operating costs, and high-efficiency rates drives the growth of the segment globally.

Geographical segmentation and analysis of the hybrid street lighting systems market

• Americas
• APAC
• EMEA

In terms of geography, APAC led the global hybrid street lighting systems market during 2016 and is foreseen to continue the domination during the forecast period. The main attributes for the market’s growth is the government incentives for energy-efficient lights in countries like India and China and presence of a high number of LED chip and packaging factories in China, Japan, South Korea, and Taiwan.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global hybrid street lighting systems market?
• What are the key market trends impacting the growth of the global hybrid street lighting systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global hybrid street lighting systems market?
• What are the market opportunities and threats faced by the vendors in the global hybrid street lighting systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global hybrid street lighting systems market?

Technavio also offers customization on reports based on specific client requirement.