The smart solar street light market is estimated to grow from USD 6.47 Billion in 2016 to USD 13.26 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 15.4% during the forecast period. The deployment of smart solar solutions helps users to minimize their electricity expenses and increase the efficiency of solar components by real-time monitoring and communication. With the increasing adoption of green energy and smart cities initiatives, the demand for smart solar solutions has grown tremendously across all the countries. Regulatory mandates across North America, Europe, and China are also driving this market. For the forecast period, smart solar market is expected to grow at a moderate pace. Presently, North America is the largest market for smart solar services.
Solar powered Street lighting systems can provide efficient lighting for highways, main roads, avenues, main urban streets, and other applications that need high intensity of lighting at night. With the LED light fixtures as lighting sources, they can provide an excellent and reliable source of lighting while consuming a lot less electricity. A solar LED street lighting system generates electricity by solar power photovoltaics. During the day, the solar panel converts the solar energy to electrical energy and stores it in a battery. During night time or times when there is not sufficient light, the battery is discharged, releasing electrical energy to power the LED luminaire – hence lighting the road.
EnGoPlanet Solar street lighting systems can replace current petroleum-based asphalt roads, parking lots, and driveways with solar road panels that collect energy to be used by homes and businesses, and ultimately to be able to store excess energy in or alongside the solar roadways. Thus renewable energy replaces the need for the current fossil fuels used for the generation of electricity, which cuts greenhouse gases and helps in sustainable development.
EnGoPlanet, is currently developing next generation solar powered smart LED street lighting luminaire. This solar street lighting fixture product will provide high lighting efficiency, minimal material usage with unique and patented design and structure with dimming function and remote smart control. Since this product will be an outdoor lighting application, the design not only needs to meet lighting output requirement but also mechanical structure requirement based on installation and safety standards. The final assembly design for the developed solar LED street lighting system will be analyzed thermally and structurally to ensure the reliability of the product under different ambient conditions. After all testing EnGoPlanet is planning to introduce this innovative solution to the market in Q1 2018. New York based start-up believes that this solar powered lighting product will be a Game Changer in Smart LED Street lighting market and we are all looking forward to see it.
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