Solar Street Lighting Market Analysis

Solar Street Lighting Market Analysis

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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.