Asia-Pacific: Chinese and Indian governments take incentives to boost growth
The Asia Pacific region holds the largest market share. This is mainly due to the promotion of energy-saving lamps in countries such as India and China. In addition, there are many LED chip and packaging factories in China, Japan, South Korea, and Taiwan.
The Indian government is focused on developing smart cities and aims to build at least 100 smart cities by 2030. Unlike traditional street lights, solar LEDs are extremely cost-effective as they do not need to be connected to the grid, making them very viable in sunny countries and ideal for off-grid use. Even after dark, solar street lights in remote areas can still function normally, which will improve the living standards of local people. These factors will prompt 1,000 villages to take the initiative to install solar LED street lights. Many villages in India, China and Africa have installed solar LED street lights.
Europe, the Middle East and Africa: The growth potential of the solar street lighting market in Africa is huge
Europe was the second largest revenue contributor to the global solar street lighting market in 2015. The market is mainly driven by energy efficiency and renewable energy targets set by the government, which in turn drives the installation of solar street lights in Europe. In the UK, street lights account for about 40% of energy consumption, so government authorities combine solar and LED lights. This solution helps to reduce CO2 emissions while saving energy costs. Philips has launched a solar street lighting product that helps transform traditional lighting used in energy-efficient street lighting systems.
Southern Europe and the Middle East are sunny enough for off-grid systems.
The Egyptian government is installing solar street lights to reduce the load on the grid. Much of Africa still relies on traditional lighting. Several cities in this region have installed solar street lighting systems, thereby improving the social and economic conditions of the rural and urban population.
Americas: Brazil and the United States have the highest demand for solar street lights
The US government vigorously promotes the energy-saving industry. The cost reduction and improved performance of LEDs and solar panels have promoted the installation of solar street lights in the United States. In 2016, Las Vegas cooperated with EnGoPLANET, a New York company, to install solar street lights to change traditional energy sources and use sustainable and renewable new energy sources.
Although the United States dominates the North American led solar street light manufacturer market, Brazil leads the South American led solar street light market. Brazil has invested heavily in LED street lights since 2013. Brazil's R20Hub is a leading large-scale LED street lighting solution, aiming to cover 1.5 million street lights in 13 cities across the country to reduce the pressure on the power grid.
STATELINE, Nev. — Stephen Curry made an 18-foot putt on the final hole for eagle on Sunday to win the American Century Championship, his first at the Celebrity Championship. First of all congratulatio...