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New Solar Powered Smart LED Street Lighting Luminaire

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.