The global solar street lighting market is transcending as a highly lucrative sector, on account of the presence of a myriad player, notes Transparency Market Research. Several growth opportunities in the market have attracted numerous players, which makes the market’s competitive landscape fragmented. Many renowned players are reaping the advantages of an explosive market and continuing their spree of success.
A palpable presence of some of the major players in the global solar street lighting market include SOKOYO Solar Group., Omega Solar., Solektra International, Bridgelux Inc., Urja Global Ltd., and Dragons Breath Solar. These players do not experience heavy infrastructural expenditure, which leaves a room for them to optimize the profit margins. The competition in the global solar street lighting market gets intensified with the entry of numerous small-scale players. However, a few strategic alliances adopted by globally reckoned players including joint ventures and incorporation of advanced technologies to their products, make the market’s competition to reach a cutthroat level.
Source: Globe News Wire - https://www.globenewswire.com/news-release/2019/05/22/1840785/0/en/Solar-Street-Lighting-Market-Rising-Global-Inclination-towards-Renewable-Energy-Sources-to-Foster-Growth-TMR.html