PUBLISHER: The Business Research Company | PRODUCT CODE: 1664717
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664717
Solar street lighting involves the illumination of streets using photovoltaic panels typically installed on lighting structures or integrated within the pole itself. These panels harness solar energy, charging rechargeable batteries during the day to power fluorescent or LED lamps throughout the night.
The primary classifications of solar street lighting systems include portable, standalone, and centralized setups. Portable configurations imply objects that can be easily relocated as per requirements. Components incorporated within these systems consist of a controller, lamp, solar panel, sensors, battery, among others. Light emitting diodes (LEDs) and compact fluorescent lamps are commonly employed in solar street lighting setups, catering to various applications such as parking lots, highways, roadways, airport runways, and manufacturing sites.
The solar street lighting market research report is one of a series of new reports from The Business Research Company that provides solar street lighting market statistics, including solar street lighting industry global market size, regional shares, competitors with solar street lighting market share, detailed solar street lighting market segments, market trends, and opportunities, and any further data you may need to thrive in the solar street lighting industry. This solar street lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The solar street lighting market size has grown rapidly in recent years. It will grow from $10.39 billion in 2024 to $12.18 billion in 2025 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to advocacy and community engagement, government initiatives and policies, environment and sustainability awareness, rural electrification initiatives, urban development and infrastructure projects.
The solar street lighting market size is expected to see rapid growth in the next few years. It will grow to $22.79 billion in 2029 at a compound annual growth rate (CAGR) of 17.0%. The growth in the forecast period can be attributed to market expansion in developing regions, rising energy costs and demand, environmental awareness and sustainability goals, government support and policies. Major trends in the forecast period include hybrid solar lighting systems, artificial intelligence (ai) and energy optimization, community-centric lighting solutions, enhanced durability and weather resistance, modular and scalable designs.
The growing demand for clean energy is projected to drive the expansion of the solar street lighting market in the future. Clean energy refers to energy generated through processes that do not emit pollutants, particularly greenhouse gases like CO2, which contribute to global warming and enhance environmental protection. Solar energy, a key form of renewable energy, is often utilized in public lighting. Solar street lights are designed with integrated photovoltaic solar panels that efficiently capture sunlight during the day and store it in a battery system. This battery then supplies energy to the light source at night. For example, in March 2024, the Clean Power Annual Market Report released by the American Clean Power Association, a U.S.-based organization, revealed that in 2023, the clean energy sector installed 33.8 gigawatts (GW) of new utility-scale clean energy projects, representing a 12.5% increase over the previous record set in 2021. Thus, the rising demand for clean energy is significantly contributing to the growth of the solar street lighting market.
The increasing number of commercial vehicles is anticipated to drive the growth of the solar street lighting market in the coming years. Commercial vehicles are defined as motor vehicles primarily used for transporting goods or passengers for business purposes rather than personal use. Solar street lighting serves as standalone lighting systems equipped with solar panels that capture sunlight during the day and store energy in batteries for use with commercial vehicles. The rising deployment of commercial vehicles presents opportunities for installing solar street lighting in roadways, parking lots, and public spaces. For instance, a report from the European Automobile Manufacturers Association (ACEA), a Belgium-based standards organization in the automobile industry, indicated that in 2023, new truck registrations in the EU saw a significant increase of 16.3%, reaching 346,986 units, up from 298,407 in 2022. Additionally, new bus registrations in the EU rose impressively by 19.4% compared to the previous year, totaling 32,593 units. Therefore, the growing number of commercial vehicles is a key factor propelling the growth of the solar street lighting market.
Product innovations are a significant trend gaining traction in the solar street lighting market. Major companies in this sector are introducing innovative solutions to maintain their competitive edge. For example, in June 2023, Streetleaf, a U.S.-based provider of solar-powered streetlight services, launched its Streetleaf solar streetlights. These lights are designed to deliver reliable, cost-effective, and environmentally friendly illumination for both urban and rural areas. By eliminating the need for electrical wiring, they enable rapid installation in under 15 minutes, providing a budget-friendly alternative to traditional grid systems. Streetleaf's goal is to power over 55 million streetlights with renewable energy. Equipped with high-efficiency solar panels and smart sensors, these lights automatically adjust their brightness based on ambient light and traffic conditions, while a remote-control system allows for monitoring and management of each unit.
Prominent companies in the solar street lighting market are actively driving innovation by introducing new products, including eco-friendly urban lighting solutions, to reinforce their market positions. Eco-friendly urban lighting solutions in solar street lighting harness renewable energy sources, providing sustainable and energy-efficient illumination to minimize environmental impact and support environmentally conscious urban development. A notable example is AGC Inc., a Japan-based glass manufacturing company, which launched the ST57 Solar LED Street Light in March 2023. This solar street light is specifically designed to offer eco-friendly lighting solutions, utilizing solar energy for installation in roads, parks, parking lots, and other public spaces. The ST57 Solar LED Street Light features a separate solar panel and fixture head, equipped with smart control functionalities, including a built-in microwave, timer, and passive infrared (PIR) sensor. It is available in six sizes, ranging from 10W to 60W, providing a versatile range of options for different applications.
In April 2023, Sunna Design, a France-based provider of solar street lights, formed a strategic partnership with Schreder, a Belgium-based company specializing in lighting solutions, including solar street lights. This collaboration aims to deliver environmentally-friendly solar lighting solutions and expedite the adoption of renewable energy. The partnership between Sunna Design and Schreder underscores the joint commitment to creating safe nighttime environments for communities worldwide by leveraging innovative solar street lighting technologies. This initiative represents a significant step towards sustainable urban development and underscores the ongoing efforts of major players in the solar street lighting market to contribute to eco-friendly solutions.
Major companies operating in the solar street lighting market include Acuity Brands Inc., Bajaj Electricals Limited, Cooper Lighting LLC, Dragons Breath Solar, Jiangsu Sokoyo Solar Lighting Co. Ltd., Signify Holding B.V., Solektra Solar Energy, Sunna Design SA, Urja Global Ltd., Omega Solar LLC, VerySol GmbH, Solar Street Lights, Greenshine New Energy Co. Ltd., ABB Limited, Nomo Group CO. Ltd., Su-Kam Power Systems Ltd., GE Lighting, Anhui Longvolt Energy Co. Ltd., Covimed Solar, Jinhua SunMaster Solar Lighting Co. Ltd., Shenzhen Spark Co. Ltd.
Asia-Pacific was the largest region in the solar street lighting market in 2024. The regions covered in the solar street lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the solar street lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The solar street lighting market consists of sales of off-grid split solar street lights, and grid-tired solar street lights. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Solar Street Lighting Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on solar street lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for solar street lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solar street lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.