Solar Street Lighting Market Size - By Product, By Application, Analysis, Share, Growth Forecast, 2025 - 2034
Report ID: GMI770
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Published Date: December 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2024
Companies covered: 18
Tables & Figures: 32
Countries covered: 13
Pages: 105
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Solar Street Lighting Market Size
The global solar street lighting market was valued at USD 5 billion in 2024 and is projected to grow at a CAGR of over 7.4% from 2025 to 2034. Regulatory reforms promoting sustainable infrastructure development and global commitments to mitigate climate change are driving industry growth. Increased public and private funding through various schemes and investments, along with proposed long-term legislative programs for off-grid electrification, are complementing the industry landscape. Furthermore, growing adoption of renewable energy and stringent regulatory mandates to reduce carbon emissions are positively influencing the business dynamics.
Stringent mandates toward emission reduction coupled with favorable policies by respective authorities for the adoption of solar technologies will further augment the business landscape. For instance, in February 2023, A significant solar street lighting project is set to transform. Fonroche Lighting will replace 7,000 outdated lights with solar-powered alternatives in a contract worth USD 11.5 million in Agen, France, by 2026. This initiative aims to modernize the commune's lighting infrastructure, enhance energy efficiency and cost reduction for the French township.
Solar Street Lighting Market Trends
The solar street lighting industry is anticipated to witness significant growth owing to increasing potential of solar technologies, rising demand for clean energy sources along with flourishing investments in upgrading conventional electricity generation sources. Rapid technological advancements, ongoing innovations improving product efficiency, flexibility, and operation, are stimulating product deployment. Additionally, decreasing battery costs, and improvements in product design have significantly reduced the prices of remote area lighting components, making solar street lighting an attractive alternative for households and municipalities.
Solar Street Lighting Market Analysis
Standalone segment is anticipated to reach over USD 9 billion by 2034. Increasing adoption of solar streetlights in remote and off-grid areas, coupled with the rapid expansion of sustainable electric networks will complement the business landscape. The high costs associated with conventional streetlight infrastructure in off-grid areas, together with ongoing electrification programs, are accelerating product demand. Furthermore, increasing in deployment of pico-solar systems, supported by favorable regulatory reforms aimed at expanding solar networks, is contributing to the industry growth.
The grid-connected solar street lighting market is anticipated to grow owing to the implementation of government programs such as net metering and feed-in tariffs along with shifting focus toward reducing transmission losses and the integration of smart grid technologies. Additionally, the faster response and recovery times, along with efficient management of grid disturbances, will increase the adoption of grid-connected solar street lighting systems.
The commercial segment is anticipated to witness a CAGR of over 7% through 2034. Ongoing advancements in smart control networking and an increase in on-site electricity generation is augmenting the product deployment. Accelerating development of commercial establishments across various regions coupled with growing need for energy optimization are contributing to the industry growth. Additionally, favorable policies such as net metering, feed-in tariffs, and incentive programs toward adoption of solar technologies are positively influencing the business dynamics.
U.S. solar street lighting market is likley to exceed USD 600 million by 2034. Widespread adoption across various sectors along with stringent regulatory framework for energy-efficient lighting requirements. Increasing inclination toward public safety, enhance lighting infrastructure projects and substantial progress in renewable energy integration are driving product penetration. For instance, in April 2024, Calhoun County, Texas, is set to complete the nation's largest solar street light project. The coastal county partnered with Houston-based EnGoPlanet to install 300 solar-powered streetlights and 20 solar poles with cameras in public parks. This initiative, part of EnGoPlanet's ENGO Utility program, aims to enhance public safety while promoting sustainable infrastructure across the county.
Solar Street Lighting Market Share
Leading companies operating in the solar street lighting industry are implementing various strategies to maintain their competitive edge. These include enhancing distribution networks, creating new financing options for green energy projects, and launching innovative products. Firms are also focusing on expanding their global footprint by aiming for collaborations, joint ventures and M&A and upgrading their existing product lines. These approaches aim to strengthen market positions and foster industry growth.
Solar Street Lighting Market Companies
Major players operating across the industry include:
Solar Street Lighting Industry News
This solar street lighting market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:
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Market, By Product
Market, By Application
The above information has been provided for the following regions and countries: