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Global Solar Traffic Products Market Will Reach At CAGR Of 15.62% Between 2017-2021

Press Release   •   Aug 31, 2017 00:59 EDT

Latest industry research report on: Global Solar Traffic Products Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Solar traffic lights or traffic blinkers are signaling devices powered by solar panels positioned at road intersections, pedestrian crossings, and other locations to control the flow of traffic. They assign the right of way to motorists by well-lit visual indication in the universal color code of red, amber/yellow, and green. Solar traffic lights are increasingly integrated with LED lamps owing to their properties and superiority over incandescent lamps. The PV panel converts the solar rays into electricity that illuminates the LED lamps installed in the traffic light.

Technavios analysts forecast the global solar traffic products market to grow at a CAGR of 15.62% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global solar traffic products market for 2017-2021. To calculate the market size, the report considers the demand for solar traffic products.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Technavio's report, Global Solar Traffic Products Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • 3M
  • Carmanah Technologies
  • Omega Solar
  • Philips Lighting
  • Solar Street Lights USA

Other prominent vendors

  • Ark Lighting
  • Commercial energy group limited
  • Covimed
  • Elecssol
  • Envoys
  • Gemma Lighting
  • Greenshine New Energy
  • intelizon
  • Jinhua SunMaster Solar Technology
  • KCP Solar
  • LIGMAN Lighting
  • Mallatite
  • Solar Electric Power Company
  • SolarPath sun solutions
  • SolarWorld Americas
  • Su-Kam Power Systems
  • Sunna-Design
  • Urja Global Limited

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Market driver

Decline in LCOE of solar power generation

For a full, detailed list, view our report

Market challenge

High capital cost of installation

For a full, detailed list, view our report

Market trend

Development of smart cities

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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