Solar Street Lighting Market by Lighting Source (Compact Fluorescent Lamps, Light Emitting Diode), Type (Grid Connected, Standalone), Deployment, Application - Global Forecast 2024-2030


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Solar Street Lighting Market by Lighting Source (Compact Fluorescent Lamps, Light Emitting Diode), Type (Grid Connected, Standalone), Deployment, Application - Global Forecast 2024-2030


The Solar Street Lighting Market size was estimated at USD 5.67 billion in 2023 and expected to reach USD 6.23 billion in 2024, at a CAGR 10.55% to reach USD 11.44 billion by 2030.

Global Solar Street Lighting Market

Solar street lighting includes autonomous, energy-efficient lighting solutions that harness solar energy for illumination in public and private outdoor spaces. These systems consist of photovoltaic (PV) panels, batteries for energy storage, light-emitting diode (LED) lamps, and control units that manage power consumption. Applications for solar streetlights include urban roads, highways, parks, alleyways, residential areas, parking lots, commercial zones, industrial parks, and remote rural regions where grid connectivity is limited. The increasing demand for clean energy is due to rising environmental concerns with growing government investments in sustainable infrastructure projects involving renewable energy sources such as solar power. Additionally, governmental initiatives promoting the use of renewable energy technologies, such as LED-based solar streetlights, have led to increased adoption rates among municipalities and private sectors. High initial costs of installation for solar street lighting are expected to hamper market growth. Furthermore, technological advancements in PV cells to increase efficiency levels at reduced costs, which could result in higher adoption rates across various sectors, are expected to create opportunities for the market.

Regional Insights

The Americas have witnessed a substantial increase in the demand for solar street lighting solutions driven by strong government initiatives favoring renewable energy adoption. North America, primarily the United States and Canada, has been at the forefront of implementing solar-powered public lighting systems. In Europe, countries such as Germany, France, Italy, and Spain are among the key players with substantial investments in sustainable infrastructure development projects that include solar-powered streetlight installations. Middle Eastern countries such as UAE and Saudi Arabia, which boast high levels of sunlight exposure throughout the year, offer immense potential for growth in this sector despite currently holding a smaller market share than Europe or America. African countries, including Nigeria and South Africa, have begun adopting renewable energy initiatives due to growing population density in urban areas coupled with increasing electricity demands, which have posed challenges for their existing grid infrastructures. The Asia-Pacific region is experiencing the highest growth rate in the solar street lighting market due to rapid urbanization, increasing focus on energy efficiency, and supportive government policies. China has adopted various measures to promote renewable energy sources, including aggressive solar installation targets.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Solar Street Lighting Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Solar Street Lighting Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Solar Street Lighting Market, highlighting leading vendors and their innovative profiles. These include Anhui Longvolt Energy Co. Ltd., BISOL Group d.o.o., BM Sunpower Technologies, Bridgelux Inc., Covimed Solar Group, Dragons Breath Solar, Fevino Industries, G Solar, Hi-Power Electronics, Ignite Electronics, Jai Sunlight Systems, Jiangsu Sokoyo Solar Lighting Co. Ltd., Koninklijke Philips N.V., Nessa.in, Omega Solar, Orion Energy Systems Inc., SOKOYO Solar Group, Solar Lighting International Inc., Solar Street Lights USA, Solektra, Solmitra Power & Steel Pvt Ltd, Sunna Design SA, Tata Power Solar Systems Limited, Urja Global Ltd, and Zhuhai Bomin Solar Technology Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Solar Street Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Lighting Source
Compact Fluorescent Lamps
Light Emitting Diode
Type
Grid Connected
Standalone
Deployment
Off-gird
On-grid
Application
Commercial
Industrial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Solar Street Lighting Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Solar Street Lighting Market?
3. What are the technology trends and regulatory frameworks in the Solar Street Lighting Market?
4. What is the market share of the leading vendors in the Solar Street Lighting Market?
5. Which modes and strategic moves are suitable for entering the Solar Street Lighting Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Solar Street Lighting Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Government support and initiatives for solar street lighting
5.1.1.2. Preference for energy-efficient and low carbon-footprint outdoor lighting
5.1.1.3. Replacement activities of street lights across motorways, roads, and other public spaces
5.1.2. Restraints
5.1.2.1. High initial investment required when compared to traditional lights
5.1.3. Opportunities
5.1.3.1. Advancements in design & technologies of solar street lighting
5.1.3.2. Proliferating deployment of solar lighting in smart cities
5.1.4. Challenges
5.1.4.1. Concerns associated with extreme weather and non-availability of direct sunlight
5.2. Market Segmentation Analysis
5.2.1. Lighting Source: Increasing preference for LED higher energy efficiency, longer life span
5.2.2. Type: Expansion of standalone solar street lighting systems due to lower initial costs and simpler installation process
5.2.3. Deployment: Significant popularity of off-grid solar street lights for ease of installation, and enhanced security
5.2.4. Application: Growing usage of solar street lightings in the commercial sector to growing infrastructural development activities
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Solar Street Lighting Market, by Lighting Source
6.1. Introduction
6.2. Compact Fluorescent Lamps
6.3. Light Emitting Diode
7. Solar Street Lighting Market, by Type
7.1. Introduction
7.2. Grid Connected
7.3. Standalone
8. Solar Street Lighting Market, by Deployment
8.1. Introduction
8.2. Off-gird
8.3. On-grid
9. Solar Street Lighting Market, by Application
9.1. Introduction
9.2. Commercial
9.3. Industrial
9.4. Residential
10. Americas Solar Street Lighting Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Solar Street Lighting Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Solar Street Lighting Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. New Product Launch & Enhancement
13.3.1.1. AGC Lighting Co., Ltd. Launches ST57 Solar LED Street Light for Eco-Friendly Lighting
13.3.1.2. WindStream Energy Technologies Launches Hybrid Wind-Solar Street Light System
13.3.1.3. Signify N.V. Launches its First Philips Solar Light Hub in India
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Anhui Longvolt Energy Co. Ltd.
14.1.2. BISOL Group d.o.o.
14.1.3. BM Sunpower Technologies
14.1.4. Bridgelux Inc.
14.1.5. Covimed Solar Group
14.1.6. Dragons Breath Solar
14.1.7. Fevino Industries
14.1.8. G Solar
14.1.9. Hi-Power Electronics
14.1.10. Ignite Electronics
14.1.11. Jai Sunlight Systems
14.1.12. Jiangsu Sokoyo Solar Lighting Co. Ltd.
14.1.13. Koninklijke Philips N.V.
14.1.14. Nessa.in
14.1.15. Omega Solar
14.1.16. Orion Energy Systems Inc.
14.1.17. SOKOYO Solar Group
14.1.18. Solar Lighting International Inc.
14.1.19. Solar Street Lights USA
14.1.20. Solektra
14.1.21. Solmitra Power & Steel Pvt Ltd
14.1.22. Sunna Design SA
14.1.23. Tata Power Solar Systems Limited
14.1.24. Urja Global Ltd
14.1.25. Zhuhai Bomin Solar Technology Co. Ltd.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. SOLAR STREET LIGHTING MARKET RESEARCH PROCESS
FIGURE 2. SOLAR STREET LIGHTING MARKET SIZE, 2023 VS 2030
FIGURE 3. SOLAR STREET LIGHTING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SOLAR STREET LIGHTING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SOLAR STREET LIGHTING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SOLAR STREET LIGHTING MARKET DYNAMICS
FIGURE 7. SOLAR STREET LIGHTING MARKET SIZE, BY LIGHTING SOURCE, 2023 VS 2030 (%)
FIGURE 8. SOLAR STREET LIGHTING MARKET SIZE, BY LIGHTING SOURCE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SOLAR STREET LIGHTING MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 10. SOLAR STREET LIGHTING MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SOLAR STREET LIGHTING MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
FIGURE 12. SOLAR STREET LIGHTING MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. SOLAR STREET LIGHTING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. SOLAR STREET LIGHTING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS SOLAR STREET LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS SOLAR STREET LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES SOLAR STREET LIGHTING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES SOLAR STREET LIGHTING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC SOLAR STREET LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC SOLAR STREET LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA SOLAR STREET LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA SOLAR STREET LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. SOLAR STREET LIGHTING MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. SOLAR STREET LIGHTING MARKET SHARE, BY KEY PLAYER, 2023

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