Japan Solar Street Light Market Size, Share, and COVID-19 Impact Analysis, By Type (Standalone, On Grid), By Application (Residential, Commercial, Industrial, Others), and Japan Solar Street Light Market Insights Forecasts to 2033

Industry: Energy & Power

RELEASE DATE Jan 2024
REPORT ID SI3420
PAGES 200
REPORT FORMAT PathSoft

Japan Solar Street Light Market Size Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 7.6% from 2023 to 2033.
  • The Japan Solar Street Light Market Size is Expected to Hold a Significant Share by 2033.

Japan Solar Street Light Market

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The Japan Solar Street Light Market Size is expected to Hold a Significant Share by 2033, at a CAGR of 7.6% during the forecast period 2023 to 2033.

Market Overview

Solar streets lights are portable light sources made out of LED lamps, photovoltaic solar panels, and rechargeable batteries. A solar light consists of an outdoor light source that uses solar power. It is now the most reliable type of street lighting in Japan due to its numerous benefits to consumers. Solar lights offer several advantages, including reduced dependency on conventional electricity, energy conservation, and cost savings. Typically, these lights are built inside poles or affixed on other lighting structures. Solar lights are the ideal alternative to traditional electrical street lighting in areas with plenty of sunlight. These streetlights are suitable for illuminating roadways, patios, backyards, gardens, parking lots, and other public areas. Japan, one of the world's most technologically proficient countries, is at the forefront of solar energy research. The country's dedication to renewable energy has resulted in the establishment of numerous high-quality solar street lights manufacturing firms. Furthermore, energy independence, ease of installation, dependability, and waterproofing are some of the reasons driving the solar street lights market share rise throughout the predicted period. Solar street lights can fulfill certain performance characteristics by adjusting solar panel size, bulb brightness, battery capacity, illumination angles, pole heights, and special features such as motion sensors or network connectivity, thereby expanding the solar street lights market in Japan.

 

Report Coverage

This research report categorizes the market for Japan solar street light market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan solar street light market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan solar street light market.

Japan Solar Street Light Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Application, and COVID-19 Impact Analysis
Companies Covered: Optex, Sharp Corporation, Kyocera Corporation, Solar Frontier K.K., Hitachi, Ltd, Panasonic Corporation, Kaneka Corporation, and
Growth Drivers:7.6%
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Rise in smart cities in Japan is a major driver of the growth of the solar lighting market. Solar lighting represents a long-term change in urban lighting. Beyond lowering carbon emissions, they illuminate streets while lowering electricity use, resulting in significant energy and cost savings for communities. Maintenance becomes a pleasure with fewer components and easier wiring, resulting in sustainable and cost-effective solutions for towns. These lights are not only environmentally beneficial, but they also improve neighborhood safety and build a sense of belonging. Thus, such factors are boosting the market growth in Japan.

 

Restraining Factors

The high installation cost of solar panels is projected to be a constraint on the solar street lighting business.

 

Market Segment

  • In 2023, the standalone segment accounted for the largest revenue share over the forecast period.

Based on the type, the Japan solar street light market is segmented into standalone, and on grid. Among these, the standalone segment has the largest revenue share over the forecast period. standalone solar power systems operate independently of electric grids. These devices gather and store solar energy, which is then transformed into electricity as needed. Standalone systems are heavily used in a number of developing cities, including Tokyo, Kobe, Osaka, and Sapporo. Japan Governments in these countries are pushing the development and use of standalone solar illumination installations.

 

  • In 2023, the commercial segment accounted for the largest revenue share over the forecast period.

On the basis of application, the Japan solar street light market is segmented into residential, commercial, industrial, and others. Among these, the commercial segment has the largest revenue share over the forecast period. The commercial application is anticipated to account for the majority of the solar street lighting system market throughout the forecast period. Solar lighting systems are used in commercial settings like corporate offices, schools, and institutions. Commercial spaces require inside illumination for cellars, hallways, and basements, as well as outside lighting for pathways and perimeters. Solar street lighting systems installed at these areas help to save energy and maintenance costs.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan solar street light market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Optex
  • Sharp Corporation
  • Kyocera Corporation
  • Solar Frontier K.K.
  • Hitachi, Ltd
  • Panasonic Corporation
  • Kaneka Corporation

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Japan solar street light market based on the below-mentioned segments:

 

Japan Solar Street Light Market, By Type

  • Standalone
  • On Grid

 

Japan Solar Street Light Market, By Application

  • Residential
  • Commercial
  • Industrial
  • Others

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