Solar Street Lighting

Global Solar Street Lighting Market to Reach US$21.8 Billion by 2030

The global market for Solar Street Lighting estimated at US$8.5 Billion in the year 2024, is expected to reach US$21.8 Billion by 2030, growing at a CAGR of 17.1% over the analysis period 2024-2030. Residential, one of the segments analyzed in the report, is expected to record a 18.8% CAGR and reach US$11.0 Billion by the end of the analysis period. Growth in the Commercial segment is estimated at 16.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 20.7% CAGR

The Solar Street Lighting market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2030 trailing a CAGR of 20.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.4% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.5% CAGR.

Global Solar Street Lighting  Market - Key Trends & Drivers Summarized

Solar street lighting is an innovative solution that harnesses the power of the sun to illuminate streets, pathways, and public spaces. These systems consist of photovoltaic panels that capture solar energy during the day, storing it in batteries for use at night. Equipped with LED lamps, solar street lights offer energy-efficient, sustainable lighting that reduces reliance on conventional electricity sources. This technology is particularly beneficial in remote and off-grid areas where extending the electrical grid would be prohibitively expensive. Solar street lighting not only provides reliable illumination but also contributes to environmental conservation by reducing carbon emissions and lowering energy consumption.

The design and functionality of solar street lighting have evolved significantly over the years. Modern systems incorporate smart technology, such as motion sensors and adaptive lighting controls, which optimize energy usage by adjusting the brightness based on pedestrian and vehicular activity. Advanced battery technologies, like lithium-ion and lithium iron phosphate, enhance the storage capacity and lifespan of these systems. Moreover, the integration of IoT capabilities allows for remote monitoring and management, enabling real-time fault detection and performance analytics. These advancements ensure that solar street lighting is not only efficient and reliable but also easy to maintain and manage.

The growth in the solar street lighting market is driven by several factors that reflect both technological advancements and broader societal trends. Increasing awareness about environmental sustainability and the need to reduce greenhouse gas emissions are significant drivers, as communities and governments seek to adopt greener infrastructure solutions. The declining cost of solar panels and energy storage systems has made solar street lighting more economically viable, spurring its adoption in both urban and rural areas. Government incentives and policies promoting renewable energy use further bolster market growth. Additionally, the demand for energy security and independence in remote and disaster-prone regions fuels the deployment of these systems. Urbanization and smart city initiatives also play a crucial role, as municipalities invest in modern, sustainable lighting solutions to enhance public safety and energy efficiency. These factors collectively ensure a robust and accelerating growth trajectory for the solar street lighting market, positioning it as a key component of sustainable urban development.

SCOPE OF STUDY:

The report analyzes the Solar Street Lighting market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Lighting Source (LED, CFL); Application (Residential, Commercial, Industrial)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 69 Featured) -

• Havells India Ltd.
• Bajaj Electricals Ltd.
• Bridgelux, Inc.
• Halonix Technologies Ltd.
• Orion Solar Pty Ltd.
• Clear Blue Technologies Inc.
• Kingsun Optoelectronic Co., Ltd.
• Dragons Breath Solar
• SEPCO Solar Electric Power Company
• COVIMED Group
• Omega Solar
• Nu Lighting Pty Ltd.
• Abacus Lighting Holdings Limited
• LIGMAN Lighting Co., Ltd.
• Koh Brothers Group Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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