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Solar Street Lighting Market Share

Report ID: GMI770
Published Date: Dec 2024
Report Format: PDF

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Solar Street Lighting Market Share

Solar Street Lighting Company Market Share Analysis, 2024

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:

Anhui Longvolt Energy
Bridgelux
Covimed
Dragons Breath Solar
Exide Industries
Greenshine New Energy
Leadsun
Omegasolar
Sepco
Signify
Sokoyo Solar Lighting
Sol
Solar Lighting International
Solux
Sunmaster
Sunna Design
Urja Saur Electronics
Zhongshan G-Lights Lighting

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market for solar street lighting was reached USD 5 billion in 2024 and is projected to grow at a 7.4% CAGR from 2025 to 2034, driven by regulatory reforms promoting sustainable infrastructure and climate change mitigation efforts.

The commercial segment is expected to grow at a CAGR of over 7% through 2034, supported by advancements in smart control networking and increasing on-site electricity generation.

The standalone segment is expected to surpass USD 9 billion by 2034, propelled by growing adoption of solar streetlights in remote areas and the rapid expansion of sustainable electric networks.

The U.S. solar street lighting market is anticipated to exceed USD 600 million by 2034, led by stringent energy-efficient lighting regulations and growing public safety initiatives.

Key players include Anhui Longvolt Energy, Bridgelux, Covimed, Dragons Breath Solar, Exide Industries, Greenshine New Energy, Leadsun, Omegasolar, Sepco, Signify, Sokoyo Solar Lighting, Sol, Solar Lighting International, Solux, Sunmaster, Sunna Design, Urja Saur Electronics, and Zhongshan G-Lights Lighting.