Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Solar Street Lighting Market

Solar Street Lighting Market Trends

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

Download Free Sample

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.

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.