The solar traffic products market is expected to grow at a CAGR of close to 16 percent during 2017-2021, according to Technavio.
The solar traffic products market is expected to grow significantly because of increased small-scale demand from various countries.
Vendors offer a range of solar products such as street lights, solar traffic lights, and solar road studs. For instance, 3M offers solar road studs to cater to the increasing demand for the product.
“Vendors in China involved in the manufacture and distribution of solar traffic products have already set foot in e-commerce space through the e-commerce behemoth Alibaba,” says Neelesh Prakash Singh, a lead power sector research analyst from Technavio.
3M, Carmanah Technologies, Omega Solar, Philips Lighting and Solar Street Lights are the leading solar traffic products.