New Study from StrategyR Highlights a $1.1 Billion Global Market for Hybrid Street Lighting Systems by 2026

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Oct 14, 2021, 10:30 ET

SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Hybrid Street Lighting Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Billion Global Market for Hybrid Street Lighting Systems

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 373
Companies: 29 - Players covered include Airsynergy Ltd.; Bridgelux, Inc; Clear Blue Technologies Inc.; COVIMED Group; Deepa Solar Systems Pvt. Ltd.; Dongguan Link Light Solar Energy Science & Tech.Co., Ltd.; Dragons Breath Solar; Eco-Smart, Inc.; Elecssol; Fosera GmbH & Co.KgaA; Guangzhou HY Energy Technology Limited Corp.; Hi-VAWT Technology Corp.; Jinhua SunMaster Solar Lighting Co., Ltd.; KCP Solar Industries; LZ New Zealand; Omega Solar Fencing System; Philips Lighting NV; Phono Solar Technology Co., Ltd.; R-Man High Tech Solar Private Limited; SEPCO Solar Electric Power Company; Shanghai Ghrepower Green Energy Co., Ltd.; Shenzhen Spark Co., Ltd.; Solar Street Lights USA; Solektra International; Su-Kam Power Systems Ltd.; Suneco Green Energy Ltd.; Sunna Design; Suveg Electronics; Tata Power Solar Systems Limited; UGE International Ltd.; Urja Global Ltd.; V-Air Wind Technologies; Verysol Energy Nigeria Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Product (Light Emitting Diode (LED), Compact Fluorescent Lamp (CFL))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Hybrid Street Lighting Systems Market to Reach $1.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Hybrid Street Lighting Systems estimated at US$803.8 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Light Emitting Diode (LED), one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$882.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Compact Fluorescent Lamp (CFL) segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $232.3 Million in 2021, While China is Forecast to Reach $235.9 Million by 2026
The Hybrid Street Lighting Systems market in the U.S. is estimated at US$232.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$235.9 Million by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.