Solar Street Lighting Report: Trends, Forecast and Competitive Analysis to 2030

Solar Street Lighting Trends and Forecast

The future of the global solar street lighting market looks promising with opportunities in the commercial, residential, and industrial markets. The global solar street lighting market is expected to reach an estimated $10.2 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are accelerated switch to renewable energy sources, growing urbanization and swift advancements in infrastructure within developing countries, as well as, greater understanding of the advantages of solar street lighting for the environment.

A more than 150-page report is developed to help in your business decisions.

Solar Street Lighting by Segment

The study includes a forecast for the global solar street lighting by connection type, product type, end use, and region

Solar Street Lighting Market by Connection Type [Shipment Analysis by Value from 2018 to 2030]:

• Standalone
• Grid Connected

Solar Street Lighting Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• CFL
• LED

Solar Street Lighting Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Residential
• Industrial

Solar Street Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Solar Street Lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solar street lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the solar street lighting companies profiled in this report include-

• Philips Lighting
• Su-Kam
• Dragons Breath Solar
• Verysol
• Sunna Design
• Urja Global
• Bridgelux
• Solar Street Lights

Solar Street Lighting Market Insights

Lucintel forecast that LED is expected to witness highest growth over the forecast period because it has a longer lifespan than CFL solar street lights, more reliable, consumes less energy, offers better efficiency in light and lower price of the product.

Within this market, commercial will remain the largest segment because of the increasing initiatives by government and civic authorities using solar lighting, as well as, growing demand for solar lighting in areas such as, parking lots, sidewalks, subways, perimeter secure lighting, and public area lighting.

APAC is expected to witness largest region over the forecast period due to greater infrastructural development and urbanization in nations like China, Japan, and India, along with the increased use of programs and incentives by the government to encourage the deployment of solar energy.

Features of the Global Solar Street Lighting Market

Market Size Estimates: Solar street lighting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Solar street lighting market size by connection type, product type, end use , and region in terms of value ($B).

Regional Analysis: Solar street lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different connection type, product type, end use, and regions for the solar street lighting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solar street lighting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the solar street lighting market size?

Answer: The global solar street lighting market is expected to reach an estimated $10.2 billion by 2030.

Q.2 What is the growth forecast for solar street lighting market?

Answer: The global solar street lighting market is expected to grow with a CAGR of 14.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the solar street lighting market?

Answer: The major drivers for this market are accelerated switch to renewable energy sources, growing urbanization and swift advancements in infrastructure within developing countries, as well as, greater understanding of the advantages of solar street lighting for the environment.

Q4. What are the major segments for solar street lighting market?

Answer: The future of the global solar street lighting market looks promising with opportunities in the commercial, residential, and industrial markets.

Q5. Who are the key solar street lighting market companies?

Answer: Some of the key solar street lighting companies are as follows:

• Philips Lighting
• Su-Kam
• Dragons Breath Solar
• VerySol
• Sunna Design
• Urja Global
• Bridgelux
• Solar Street Lights

Q6. Which solar street lighting market segment will be the largest in future?

Answer: Lucintel forecast that LED is expected to witness highest growth over the forecast period because it has a longer lifespan than CFL solar street lights, more reliable, consumes less energy, offers better efficiency in light and lower price of the product.

Q7. In solar street lighting market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness largest region over the forecast period due to greater infrastructural development and urbanization in nations like China, Japan, and India, along with the increased use of programs and incentives by the government to encourage the deployment of solar energy.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the solar street lighting market by connection type (standalone and grid connected), product type (CFL and LED), end use (commercial, residential, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?