Research Methodology on Solar Street Lighting Market
Introduction
Solar Street Lighting is a revolutionary technology that has seen a huge development in the past decade due to its immense capacity to provide high-intensity lighting without the use of any fuel.
Solar Street Lighting (SSL) is the most cost-saving form of lighting that can save energy and reduce the costs of maintenance. It is an emerging market, due to increased awareness of renewable energy sources and the need for cost-effective lighting technologies.
The technology is being utilized for remote outdoor lighting applications such as roads, highways, parking lots, parks, campuses, industrial sites and commercial areas, among others. Thus, it is highly preferable in cold and dark areas as compared to conventional lighting.
Objectives
The main objectives of this research are to study the current market trends, development opportunities, driving factors, and challenges faced by the global Solar Street Lighting Market. It has also been designed to study the usage of Solar Street Lighting products across various countries, study the industry structure, value chain structure, pricing, threats and growth drivers of the Solar Street Lighting Market.
Research Methodology
The research methodology adopted for the Solar Street Lighting Market report is a combination of primary and secondary research. For the research, various mediums such as surveys, industry experts and third-party sources are used. The research report makes use of a primary interview with industry experts, market players, and key opinion leaders to gather information and data based on the industry’s developments and futuristic prospects and trends. The collected data is then verified, validated and analyzed for appropriate interpretation.
Secondary Research
The secondary research for this report is conducted to get a detailed understanding of the Solar Street Lighting industry by using various sources such as industry surveys, journals, white papers, industry associations and government databases. Through this data and information gathered from the secondary research, certain information such as figures related to market size, market growth and forecasts for the Solar Street Lighting Market were estimated.
Primary Research
Primary research for the Solar Street Lighting Market is conducted with the help of detailed interviews with key opinion leaders. Through direct interviews, information is gathered related to the Solar Street Lighting market size, competitive landscape, pricing and various other aspects of the industry. All this collected data is analyzed and used to come up with predictions related to the Solar Street Lighting market.
Data Collection and Analysis
The data collected from both the primary and secondary sources is analyzed to get comprehensive insights into the Solar street lighting industry. The qualitative and quantitative analysis of the collected data is used to make useful information related to the market dynamics, market segmentation, competitive scenario, geographical breakdown, pricing and other aspects related to the Solar Street Lighting industry. The analysis of the collected data was done based on demand analysis, cost-benefit analysis, Porter's Five Forces model and value chain analysis.
Market Estimation
Based on the data collected and analysis performed, the final market size and forecast are estimated. Market sizing is done by segmenting the global Solar Street Lighting Market into various parameters such as technology, deployment type, lighting type, application and region. Market sizing is calculated based on the collected historical and current market data, growth trends and industry developments.