the valuation of the global solar street lighting market will increase from $5.7 billion to $14.6 billion from 2019 to 2030”. Furthermore, the market will advance at a CAGR of 9.4% between 2020 and 2030, as per the calculations of P&S Intelligence, a market research firm based in India. Airport runways, parks and playgrounds, manufacturing sites, parking lots, and roadways and highways are the major application areas of the solar street lighting systems.

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Amongst these, the usage of these lights will be the highest in roadways and highways in the years ahead. Speaking regarding the regional market growth, “the Asia-Pacific (APAC) solar street lighting market will demonstrate the fastest growth in the future years”. This is ascribed to the rapid urbanization, especially in the developing nations of APAC and the subsequent rise in the demand for lighting devices.

In addition to this, the presence of major solar street lighting devices manufacturing companies in the APAC countries is massively boosting the sales of these devices in the region. The rapidly reducing costs of solar lighting systems is a major factor responsible for the growing demand for solar street lighting devices across the globe. 

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Thus, it can be easily concluded from the above paragraphs that the demand for solar street lighting devices will surge throughout the world in the upcoming years, primarily because of the rising construction of buildings and infrastructural modernization and renovation works, increasing construction of smart cities, and extensive development of roadways, railway lines, and airports in many countries around the world.