In recent years, with the improvement of the conversion efficiency of solar panels, the continuous development of LED lighting technology, and the popularization of the concept of energy saving and environmental protection worldwide, the global market for solar street lights has grown rapidly. The competition will become fiercer and customer-centered. Mistei Lighting will improve the quality of our products and after-sales service to win market share.
Solar street lamps (solar street lights) are increasingly used to replace traditional electric outdoor lights. They are powered by crystalline silicon solar panels; the maintenance-free valve-regulated sealed batteries (colloidal batteries) store electric energy; super bright LED lamps are used as light sources, and are controlled by intelligent charge and discharge controllers. They do not need to lay cables, or AC power supply so no generate electricity bills re generated. They use DC power supply and control, which give them the advantages of high stability, long life, high luminous efficiency, easy installation and maintenance, high safety performance, energy saving and environmental protection, economical and practical, etc. The solar street lamp can be widely used in many outdoor areas, such as urban main and branch roads, residential areas, factories, tourist attractions, parking lots and parks.
The working principle of solar street lamps
During the daytime, under the control of the intelligent remote, the solar panels within the solar street lamp are irradiated by sunlight to absorb solar energy and convert it into electrical energy. In other words, the solar panels charge the battery pack with the electricity that they convert from sunshine during the day. At night the battery discharge the electricity to power up the LED lights. This the basic principle how the solar street lamp work for us. The DC controller can ensure that the battery will not be damaged due to overcharging or overdischarging. Moreover, the controller has various functions such as light control, time control, temperature compensation, lightning protection, and reverse polarity protection.
Factors for the booming market: national policies, business benefits from the market, acceleration of urbanization, and development of photovoltaic lighting technology
As for governments of most countries in the world, the solar lighting industry is environmentally friendly with a new energy source. And they have made many national policies to support the solar street lighting industry.
As for the market, solar street lamps are expected to have significant economic benefits and promising market prospects.
With the acceleration of urbanization, more lighting projects have been brought in, which has brought a larger market to the solar street lighting industry.
The innovation of the photovoltaic lighting technology works as another active catalyst for the development of the solar street lighting industry. The conversion efficiency of solar panels and the lighting power of LEDs continue to increase, while production costs of solar street lamps continue to decline.
With the development of high-power photovoltaic lighting technology and micro-grid technology, more solar lighting products, such as solar LED tunnel lights, are developed and gradually accepted by customers. With the development of upstream solar panels and LED lighting technology, photovoltaic lighting will replace traditional lighting in many fields, and the market prospect will be very broad.
The solar street lighting industry is predicted to have a bright future. Many marketers and researchers conclude that the global solar street lamp market size in 2022 will grow into 3.68 million USD (24.103 billion yuan). The market capacity is about 15 million USD (100 million yuan). Based on market trends in the past five years, it is estimated that the global solar street lamp market will grow at a compound annual growth rate of 13.73% and reach 7.9 million USD (52.162 billion yuan) in 2028.
The solar street lighting industry is in its early stages of maturity. After vigorous publicity and promotion before, solar street lights have developed rapidly due to many catalysts, such as national pro-environment-protection policies, business benefits, accelerating urbanization and the advancement of the photovoltaic lighting technology.
Mistei Lighting, as a professional and experienced manufacturer of solar lamps, predicts that increasing competition will come with this optimistic outlook to the solar street lighting industry. More competitors will join in the competition for the increasing profits in the market. More product models will be invented by competitors to seize bigger market share. Under the increasingly fierce competition in the market, customers will have more choices in solar street lamps. Mistei Lighting believes that the competition focus will shift from price to after-sales service. We have to win customers’ love by both high quality products and services.