LED Solar Street Lamp Market and Development Trend

With the improvement of LED chip and driving power technology, the heat dissipation, light attenuation, power supply and other problems that plagued LED solar street lamps have been solved. The intelligent control characteristics of LED solar street lamps in the future will strengthen the advantages of LED solar street lamps. Under the current background of energy saving and emission reduction, governments around the world are also widely promoting LED solar street lamps, which has further promoted the cost reduction of the lamps. The continuous and rapid decline in prices has greatly improved the cost-effectiveness of LED street lights.

1. Led solar street lamp market

LED solar street lamps use clean, renewable solar energy as the source of energy, and do not need to dig trenches to lay cables. Environmental protection and energy saving, convenient construction and simple maintenance. It is widely used in the lighting of parks, urban arterial roads, suburbs and new rural areas. For border defense, islands of low-traffic, the solar lamps have solved the lighting problem. Taking China as an example, the market size of the solar street light industry in 2020 will be 6 billion RMB. After more than 10 years of development in China's solar street light industry, the technology has basically matured. In the future, China's solar street light market will also grow faster and faster.

The global market for led solar street lamps is also gradually growing. The Asia-Pacific region accounts for about 46%, Europe, the Middle East and Africa account for 30%, and the Americas account for 23%. The Asia-Pacific market occupies the largest market share. Because many Asian countries promote energy-saving lamps and focus on the development of smart cities. LED solar street lamps are cost-effective, do not need to be connected to the grid, and are very feasible in sunny countries. In remote areas, solar street lights can still operate normally after dark, which greatly improves the living standards of locals. The potential of the European market is also very large. Because the European government has set energy conservation goals. In France, street lights account for 35% of energy consumption. Therefore, the installation of led solar street lamps can help reduce CO2 emissions and save electricity bills. At the same time, the US government is also vigorously promoting energy-saving industries. With the development of technology, the cost reduction of accessories such as LED lamps and solar panels has promoted the installation of led solar street lamps.

2. Development trend of solar LED street lamps

In order to save limited energy, the application range of led solar street lamps on the market is becoming wider and wider. As a manifestation of new energy, it has the advantages of green and renewable energy, and more and more cities begin to use it. As an outdoor lighting product, it has countless advantages, which can solve many environmental problems for the society and bring more economic benefits. The technological breakthrough of LED light source will also bring a qualitative leap in the development of solar street lights. At the same time, led solar street lamp is also an important interface for smart cities. They have gradually become popular in cities. In addition to traditional lighting, solar smart street lights also integrate functions such as public WIFI, video surveillance, alarm detection, and 5G base stations. With the gradual popularization of the concept of smart cities, LED solar street lamps should not only meet basic needs, but also be able to improve the city's public facilities and beautify the social environment.