Lighting in Design Q4 2024

The rise of the global solar street lighting market

change. Many governments worldwide are offering incentives and support through grants, subsidies, and tax breaks, making the transition to solar street lighting even more appealing. In addition, the integration of solar street lighting within smart city infrastructure is creating new growth opportunities. Equipped with Internet of Things (IoT) technology, these lights can be integrated into smart grids, allowing for real-time monitoring and data collection to improve urban management and operational efficiency. North America, Europe, and the Asia-Pacific region are expected to be key markets, with Asia-Pacific showing particularly rapid growth due to increasing urbanisation and government initiatives promoting solar energy adoption. Companies leading the market include VerySol Inc., Solar Street Lights USA, Dragons Breath Solar, and Signify Holding, among others. These firms are capitalising on the growing demand by expanding their product portfolios and forming strategic partnerships to strengthen their market position. As technological advancements and sustainability drive demand, the global solar street lighting market is set to grow substantially, offering a brighter and more energy-efficient future for cities and communities worldwide. Enquiries: www.coherentmarketinsights.com parking system, launched in August, which utilises license plate recognition and smartphone technology to provide a seamless, paperless parking solution. The introduction of free Wi-Fi throughout the mall further enhances convenience, making it easier for visitors to stay connected during their shopping trips. Pieter Lombaard, CEO of Moolman Group, expressed enthusiasm for these enhancements, stating: “These lighting upgrades, along with our other strategic improvements, are designed to create a more efficient, comfortable shopping environment that meets the evolving needs of our customers.” The northern parking deck at the entertainment entrance has also been upgraded, featuring improved lighting, clearer signage, and colour-coded levels to improve traffic flow and navigation. This, along with the new VIP parking area offering wider bays and enhanced lighting, demonstrates the mall’s continued dedication to improving customer convenience. Enquiries: www.fourwaysmall.com

The global solar street lighting market is projected to experience significant growth, with an estimated value of USD 13.66 billion in 2024, rising to USD 38.15 billion by 2031. This marks a compound annual growth rate (CAGR) of 15.8% over the forecast period, reflecting increased global demand for renewable energy solutions. These are the findings of Coherent Marketing Insights. The key drivers behind this growth include the expanding application of solar street lighting in both urban and rural areas. In urban environments, solar-powered street lights offer enhanced energy efficiency and reduced maintenance costs, while in rural and off-grid regions, they provide a reliable solution for improving safety and accessibility, especially in areas lacking stable electricity infrastructure. Technological advancements are also playing a major role in the solar street lighting sector. Innovations such as improved photovoltaic cells, LED lighting, and smart control systems have led to increased efficiency and functionality. Features like motion sensors, adaptive lighting, and energy storage systems further enhance performance and reduce energy consumption. The growing focus on sustainability is another factor driving the market. Solar-powered lighting helps to reduce reliance on fossil fuels and significantly cuts greenhouse gas emissions, aligning with global efforts to tackle climate Fourways Mall, South Africa’s largest shopping destination, continues its transformation with a strong focus on innovative lighting solutions and sustainability. As part of its ongoing upgrades, the mall has implemented strategic improvements, including energy-efficient lighting systems designed to enhance the overall visitor experience. The mall’s recent upgrades include the installation of energy-efficient lighting across all parking levels. These brighter, eco-friendly lights contribute to a safer and more welcoming environment for shoppers, ensuring visibility and comfort, particularly in high-traffic areas such as parking zones. The new lighting systems also align with Fourways Mall’s commitment to reducing its environmental impact while providing cutting-edge technology to meet modern consumer expectations. Paul Gerard, Managing Director of Flanagan & Gerard, the mall’s strategic asset and property managers, emphasised the importance of these changes: “Our focus on innovative lighting solutions is part of our broader strategy to elevate the shopping experience at Fourways Mall. By introducing energy-efficient lighting, we’re not only improving safety and convenience but also aligning with sustainable practices that resonate with today’s eco-conscious shoppers.” In addition to the lighting upgrades, Fourways Mall has introduced other modern technologies aimed at enhancing the shopping experience. These include the admyt ticketless

Fourways Mall illuminates shopping experience with strategic lighting enhancements

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LiD Q4 - 2024