Global Solar Traffic Products Market 2017-2021

This industry research report identifies 3M, Carmanah Technologies, Omega Solar, Philips Lighting, and Solar Street Lights USA as the key vendors in the global solar traffic products market. A comprehensive analysis of this market is also presented by product type (solar street lights, solar traffic lights, and solar road studs) and by geography (the Americas, APAC, and EMEA).

Overview of the global solar traffic products market

Solar traffic products market analysis identifies that the need for reduction of carbon emissions will be one of the major factors that will have a positive impact on the solar traffic products market growth. Technavio's traffic products market analysis predicts that this market will grow at a CAGR of nearly 16% by 2021. Environmental advantages linked with solar power generation such as zero emission and water consumption will drive the popularity of utilization in the future. The solar energy is the cheapest among all renewable sources of power generation and it is estimated that a solar PV system of 1 kWh capacity will produce 700 units to 900 units (kWh) of electricity per year. Moreover, a PV solar power plant works with zero emissions for nearly 20 years. As data suggests, solar power is a strong alternative to fossil fuels. Also, the speed at which the CO? emissions are reduced is at a higher rate. Considering the environmental benefits, the utilization of solar traffic products is expected to grow during the forecast period. The implementation of solar powered traffic products will give rise to the reduction of energy bills as they are self-sustainable, and as the solar energy is a clean source of energy the operation of the products will leave no carbon footprint.

The evolving technologies for PV panels is one of the key trends that will gain traction in the solar traffic products market. Constant improvements will be observed in the demand and the adoption of solar-based traffic systems during the forecast period. However, there has been a need for improvement in solar-based PV technologies. Currently, three technologies, namely silicon-wafer-based, thin-film photovoltaics, and concentrated solar thermal power are competing for cost leadership. Also, the PV manufacturers are looking to reduce costs, by making their systems more efficient.

What's your takeaway?

Technavio's industry research report titled, global solar traffic products market 2017-2021, will help you-

• Identify latent opportunities and explorative solutions in the solar traffic products market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors  

The solar traffic products market is highly competitive and consists of numerous small and large vendors worldwide. The market is characterized by the presence of well-diversified international, regional, and local vendors. However, as international players are widening their market presence, the regional vendors are increasingly finding it difficult to compete with them based on quality, technology, and price. The competitive environment in this market will further increase with a rise in product or service extensions, innovations in technology, and mergers and acquisitions (M&A).

The leading vendors in the market are -

• 3M
• Carmanah Technologies
• Omega Solar
• Philips Lighting
• Solar Street Lights USA

The other prominent vendors in the market are Ark Lighting, Commercial energy group limited, Covimed, Elecssol, Envoys, Gemma Lighting, Greenshine New Energy, Hi-MIN SOLAR, intelizon, Jinhua SunMaster Solar Technology, KCP Solar, LIGMAN Lighting, Mallatite, SHENZHEN SPARK OPTOELECTRONICS, ISOLAR LIGHTING, Solar Electric Power Company, SolarPath sun solutions, SolarWorld Americas, Su-Kam Power Systems, Sunna-Design, Urja Global Limited, AND YANGFA LIGHTING.

Segmentation by product type and analysis of the solar traffic products market

• Solar street lights
• Solar traffic lights
• Solar road studs

During 2016, the solar street lights segment accounted for the major shares of the solar traffic products market. Factors such as the product innovations and increasing applications will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the solar traffic products market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the solar traffic products market throughout the forecast period. The government incentives on the use of energy-efficient lights in countries such as India and China, and the presence of a large number of LED chip and packaging factories in China, Japan, South Korea, and Taiwan will drive the growth of the market in the region.

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 solar traffic products market?
• What are the key market trends impacting the growth of the global solar traffic products market?
• What are the challenges to market growth?
• Who are the key vendors in the global solar traffic products market?
• What are the market opportunities and threats faced by the vendors in the global solar traffic products 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 solar traffic products market?

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

This upcoming report on the global solar traffic products market is an essential part of the energy portfolio under the fast-growing subdivision like power. This report aims at estimating the major trends and market drivers that induce the growth of the power industry.

The decreasing prices of LED and solar components may influence the demand for solar traffic products in the coming years as predicted by our market specialists. Additionally, geographies like the Americas, APAC, and EMEA are covered by this report to offer clients the scope to identify potential market opportunities and expand in niche markets.

Vendors like Agni Solaar Products, Dark Eye, Dragons Breath Solar, Tata Power Solar Systems, Omega Solar, Su-Kam Power Systems, Solar Street Lights USA, and Philips Lighting Holding are covered under this upcoming industry research report on the global solar traffic products market. This industry research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape.

This upcoming market research report on the global solar traffic products market also offers insights into the challenges faced by this industry like the absence of global LED standardization. Technavio also provides insights into the sectors such as oil and gas and energy storage. Additionally, this report also presents visions into the fluctuating competitive landscape and gives clients a realistic picture of the future direction of the industry.

Our market research methodology for the traffic products market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.