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Cost of Solar Street Lighting by 2025

The global market for solar lighting is gaining remarkably from the overwhelming support of various governments across the world, trying hard to conserve energy and reduce carbon footprints. The continual rise in the energy cost and the augmenting demand for electricity, worldwide, has prompted a number of governments to involve with international as well as regional non-governmental organizations (NGOs) for launching several programs and schemes, such as subsidies for the deploying solar lighting systems, in a bid to curb the shrinking of non-renewable energy resources. Vendors are encouraged to provide efficient solar lighting solutions, especially in emerging economies, such as India, where the government has recently launched an initiative to replace 35 mn streetlights and nearly 800 mn incandescent bulbs with energy-efficient LED bulbs.</