Lighting Solar power lighting the way
As the drive towards improving sustainability and energy effi ciencies continues across the built environment, Mike Collins, managing director at Ovia, looks at the role that solar powered street lighting has to play in providing solutions.
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ccording to global market research company, Market Research Future (MRFR), the global Solar Street Lighting Market size was valued at USD 1.38 billion in 2021 and is projected to grow to USD3.96 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14% during the forecast period (2022-2030). Reducing environmental pollution and the sustainability of solar radiant energy are key drivers enhancing the market growth. Along with the fall in the price of solar lighting solutions, the rise in smart cities across the globe is another major driver of the growth of the solar street lighting market.
In Europe, solar street lighting market accounts for one of the largest market shares due to advanced technology and effi cient distribution network, reducing environmental pollution, and the low cost of maintenance during its operation.
30 | electrical wholesalerNovember 2023
“Conventional street lights are dependent on electricity from the grid, which is oſt en generated from non-renewable sources and can therefore contribute to air pollution.”
The German solar street lighting market held the largest share, with the UK solar street lighting market being the fastest growing market in the European region.
Solar is widely considered to be the most
eff ective form of renewable energy, and the technology is advancing every day. Solar street lights provide complete independence from the power grid, and, due to low maintenance and minimal operator costs, solar lighting has emerged as a popular and reliable source to
power street lights.
In comparison to traditional street lighting, solar street lights operate independently, powered by renewable solar energy. These street lights depend on photovoltaic cells, which are responsible for absorbing solar energy during the daytime and charging a rechargeable battery. These cells convert solar energy into usable electrical energy that can power the lamps during the night.
There are many benefi ts to solar street lighting, with the main advantages being their energy effi ciency and the ability to provide signifi cant cost savings over time. Conventional street lights are dependent on electricity from the grid, which is often generated from non-renewable sources and can therefore contribute to air pollution. Other benefi ts include no cabling or excavation, resulting in easy installation and no risk from power outages. Although the initial investment
ewnews.co.uk
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