NEWS

China's solar street light lighting market growth space is huge

Release time:

2023-07-07 15:15

The future development speed of the solar street lighting industry depends on the market acceptance of solar street light luminous efficiency, product quality and innovation, in addition, policy factors, such as international norms regarding the brightness and safety of solar street light solid state lighting. Solar street lights have the advantages of high efficiency and long life, the future in the lighting industry will play a very important role. The future of solar street lights will give rise to more new applications, and the use of new packaging technology and wafers to reduce production costs and improve luminous efficiency.

Now the solar street light general lighting market customer demand has been from the past on the brightness and cheap requirements, gradually turned to quality, environmental protection, and comfort requirements, it is estimated that the future of solar street lights will be more appealing to the environment, the price will also drop to about 1.3 times the level of traditional lamps.

At present, the world's major solar street lighting market is concentrated in the Asia-Pacific region, accounting for about 33.7% of the global market size, North America is second, accounting for about 30.1%, followed by Western Europe 22.3%, Eastern Europe about 5.1%, Africa and the Middle East about 4.5%, the estimated global market size of about 8.5 billion U.S. dollars, in the application of products, mainly in the home, accounting for about 39%, followed by the office and Medical Europe 18%, the third largest market is outdoor lighting, about 12%.

Currently the largest solar street light lighting market is solar street light backlighting (notebook computers, PCs, LCD-TV and cell phones), solar street light general lighting market has been on a rapid development track, especially in street lights, automotive taillights, automotive interior reading lights and small logo lights, building exterior decorative lighting, government agencies (and jewelry stores and airports and other special public places) of the interior general lighting, the outdoor and indoor solar street light displays, spotlights for home use, etc. The market for solar street light table lamps and solar street light fluorescent lamps for home use has also started. The solar street light lighting market has considerable room for growth, especially the Chinese market is growing rapidly and now accounts for 38% of the global solar street light outdoor lighting market, surpassing North America's 33. 3%.