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Fresh from the COVID-19 Experience, the World Will Step Up Environmental Governance & Building Energy Efficient Cities Will be the Starting Point. Solar Street Lighting to Reach US$ 14 Billion, trailing a post COVID-19 CAGR of 14.7% over the analysis period 2020 through 2027.
The growth will be led by the confluence of several favorable factors like the shift towards clean energy, government initiatives and massive adoption of these systems. Solar street lighting systems rely on solar photovoltaic panels for capturing and storing solar energy, and are widely considered for outdoor lighting. Ambitious programs to promote sustainable development and curtail greenhouse gas emissions coupled with government subsidies and focus on clean power are stimulating the market growth.