PRN: Global Solar Traffic Products Market 2017-2021 - Development of Smart Cities Bodes well for the Market

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Global Solar Traffic Products Market 2017-2021 - Development of Smart Cities Bodes well for the Market


DUBLIN, September 6, 2017 /PRNewswire/ --

The "Global Solar Traffic Products Market 2017-2021" report has been added to Research and Markets' offering.

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

Global Solar Traffic Products Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the demand for solar traffic products.

The latest trend gaining momentum in the market is Development of smart cities. A smart city is an urban development that integrates information technology (IT) and internet of things (IoT) in a secure manner, to the city's functions and assets. There are over 250 smart city projects across 178 countries, globally. The smart city projects are mainly concentrated in Europe, Asia-Pacific, North America, the Middle East and Africa, and Latin America.

According to the report, one of the major drivers for this market is Decline in LCOE of solar power generation. The levelized cost of electricity (LCOE) is a comparative measure of the overall competitiveness of different energy generating technologies. It represents the per-kilowatt-hour cost (in discounted real dollars) of building and operating a generating plant over an assumed financial life and duty cycle. Technological advances in solar power generation including the increase in efficiency of solar PV panels and reduction in PV panel size, coupled with the decline in total installation cost have reduced the unit cost of power generation making solar power cost-competitive with power generated from fossil fuels.

Further, the report states that one of the major factors hindering the growth of this market is High capital cost of installation. The installation and functioning of solar thermal plants are capital intensive in nature. It is estimated that the capital cost of a solar power plant is three to five times higher than that of conventional fossil fuel plant of the same capacity. The operational costs for solar-based systems are lesser, owing to its non-dependence on other resources, apart from the sun. However, high capital costs of installation can offset the benefits due to reduced operational costs.

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

Key Topics Covered:

  1. Executive Summary
  2. Scope Of The Report
  3. Research Methodology
  4. Introduction
  5. Market Landscape
  6. Market Segmentation By Product Type
  7. Geographical Segmentation
  8. Decision Framework
  9. Drivers And Challenges
  10. Market Trends
  11. Vendor Landscape
  12. Key Vendor Analysis
  13. Appendix

For more information about this report visit

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