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Solar Street Lighting Market Size

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

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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.

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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 Fonroche Lighting will replace 7,000 outdated lights with solar-powered alternatives in a contract worth USD 11.5 million in Agen, France, by 2026.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 Report Attributes
Report Attribute	Details
Base Year:	2024
Solar Street Lighting Market Size in 2024:	USD 5 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	7.4%
2034 Value Projection:	USD 10.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	105
Tables, Charts & Figures:	32
Segments covered:	Product, Application and Region
Growth Drivers:	Increasing demand for clean energy Growing electricity demand Increasing inclination towards off grid power
Pitfalls & Challenges:	High initial cost

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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.