A hybrid street lighting system is a standalone outdoor lighting system used to illuminate an open area or a street. The hybrid street lights are powered by solar and wind energy. The hybrid street lighting system typically consists of a compact fluorescent lamp (CFL) or light-emitting diode (LED) fixed inside as a luminaire, which is mounted on a pole.
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.
The rising urbanization has been one of the latest trends that 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.
The Hybrid Street Lighting Systems market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hybrid Street Lighting Systems.
This report presents the worldwide Hybrid Street Lighting Systems market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Guangzhou HY Energy Technology
Shanghai Ghrepower Green Energy
Hybrid Street Lighting Systems Breakdown Data by Type
Solar Energy Hybrid
Wind Energy Hybrid
Both Wind and Solar Energy Hybrid
Hybrid Street Lighting Systems Breakdown Data by Application
Hybrid Street Lighting Systems Production by Region
Hybrid Street Lighting Systems Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Hybrid Street Lighting Systems status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Hybrid Street Lighting Systems manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Hybrid Street Lighting Systems :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hybrid Street Lighting Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.