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Report Overview

The global solar street lighting market attained a value of nearly USD 6.73 Billion in 2024. The market is further expected to grow at a CAGR of 16.40% during the forecast period of 2025-2034 to reach a value of USD 30.73 Billion by 2034.

2024

Base Year

2018-2024

Historical Period

2025-2034

Forecast Period

Compound Annual Growth Rate

Value in USD Billion

16.4%

2025-2034


Solar Street Lighting Market Outlook

*this image is indicative*

Global Solar Street Lighting Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 6.73
Market Size 2034 USD Billion 30.73
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 16.40%
CAGR 2025-2034 - Market by Region Asia Pacific 18.4%
CAGR 2025-2034 - Market by Country India 19.6%
CAGR 2025-2034 - Market by Country Saudi Arabia 17.9%
CAGR 2025-2034 - Market by Product Type LED 22.3%
CAGR 2025-2034 - Market by Connection Type Standalone 18.7%
Market Share by Country 2024 Japan 4.5%

solar street lighting market

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Key Trends in the Market

Solar street lighting is a lighting system that utilises photovoltaic technology for converting sunlight into electricity. It does not use power from grid infrastructure and is extensively used to illuminate parks, roads, streets, and lawns, among others. The usage of solar street lighting is associated with several benefits, such as reduced costs, enhanced efficiency, ease of installation, and decreased dependency on the grid.

  • In both developing and developed countries, governments are promoting the adoption of solar street lighting solutions owing to their various benefits, including affordability, eco-friendliness, and low maintenance, among others. In addition, governments in developing countries are increasingly installing solar street lights for providing optimal illumination in areas prone to power outages.
  • Some of the most significant solar street lighting market trends include the increasing exploration of renewable energy sources, the rising demand for energy, the increasing focus to boost public safety, and the surging trend of sustainability amid growing environmental concerns.
  • There is an increasing use of solar street lighting solutions as a reliable and cost-effective alternative to electrically powered street lights. As the focus on reducing carbon emissions and driving sustainability is surging, installations of solar street lighting systems are anticipated to rise.
  • Various leading companies are increasingly launching innovative and high-performance solar street lights that offer excellent luminous efficacy, high charging efficiency, and enhanced durability in harsh environmental conditions.
  • Several solar street lighting systems are integrated with advanced sensor technologies that enable them to rapidly respond to the surroundings and save energy.

Solar Street Lighting Market Segmentation

The EMR’s report titled “Solar Street Lighting Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • CFL
  • LED

Market Breakup by Connection Type

  • Standalone
  • Grid Connected

Market Breakup by End Users

  • Residential
  • Commercial
  • Industrial

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

solar street lighting market by segments

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CAGR 2025-2034 - Market by Country
India 19.6%
Saudi Arabia 17.9%
China 17.6%
Mexico 17.3%
UK 16.1%
USA 15.5%
Canada XX%
Germany XX%
France XX%
Italy XX%
Japan XX%
Australia XX%
Brazil XX%

Market Share by Product Type

There is a growing demand for solar LED street lights owing to their low energy consumption, durability, bright light emission, zero UV emissions, and sustainability, among others. With the increasing demand for enhanced illumination in outdoor spaces at an affordable price, various manufacturers are developing innovative solar street lights with inbuilt high-lumen LED bulbs, dusk-to-dawn sensors, and high-efficiency solar panels and solar charge controllers, among others, thereby bolstering the overall solar street lighting market growth. 

The availability of solar LED street lights in various styles, shapes, and sizes is significantly rising. Moreover, governments across the globe are focusing on boosting sustainability, which is anticipated to surge the adoption of solar LED street lights offering high energy efficiency, low installation costs, efficient charging, and self-autonomy, among others.

Meanwhile, the utilisation of solar CFL street lighting for illuminating squares, crossroads, and streets in remote areas is surging. Solar CFL street lights offering weather resistance, enhanced transparency, minimal lumen output loss, and automated controllers are increasingly used in various applications in the residential, industrial, and commercial sectors.

Market Share by Region

The Asia Pacific region accounts for a significant solar street lighting market share owing to the growing usage of green and renewable energy in the region. The rapid urbanisation and industrialisation and the rising energy demands in the region are surging the utilisation of solar energy as a cost-effective and sustainable energy source, hence driving installations of solar street lighting solutions. 

With the high prevalence of power outages in emerging economies of the region, governments are increasingly exploring sustainable power generation sources and utilising solar-based street lighting systems for illumination applications. The growing focus on regional developments in countries like China, India, and Indonesia, among others, is surging the installation of solar street lighting systems due to their excellent illumination, enhanced stability and durability, and high lumen output, among others.  

Meanwhile, the solar street lighting market in Europe is expected to grow over the forecast period due to the rapid shift from fossil fuel-based energy sources and the increasing trend of sustainability. The energy crisis due to socioeconomic factors in the region is also fuelling the adoption of solar street lights. Several European countries are also installing energy-efficient and effective solar street lights for reducing greenhouse gas emissions and overall energy consumption.

Competitive Landscape in the Global Solar Street Lighting Market

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solar street lighting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Signify N.V.

Signify N.V. is a leading lighting company that offers high-quality systems, services, and products to customers. Its innovative data-enabled and connected lighting systems are extensively used in buildings, homes, as well as public spaces. Through its R&D activities in LED lighting, it aims to unlock the potential of light for creating a sustainable world. Moreover, the company actively partners with institutions, universities, and start-ups to drive innovation in the lighting sector.

Leadsun

Leadsun, one of the major solar street lighting companies, manufactures  innovative solar powered LED lights. It has research institutes and branches in the United States, Australia, and Malaysia. The company’s high-performance and reliable solar lighting systems are used in more than 100 countries around the world. Through its innovative product portfolio, the company aims to offer easy-to-install and intelligent solar lighting solutions to customers. 

Jiangsu Sokoyo Solar Lighting Co., Ltd.

Jiangsu Sokoyo Solar Lighting Co., Ltd. Is a Chinese company that is focused on developing, producing, and designing solar street lighting solutions. Its innovative product portfolio finds usage in highways, small areas, city roads, and residential area country roads, among others. The company also offers various services, including scenario simulation testing, preliminary project design, proposal, wind resistance rating design, and optimisation to its customers. Its solutions have been used in several projects across the globe.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other solar street lighting market players include Nomo Group Co. Ltd, Dragons Breath Solar Ltd., and Sunna Design SA, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market attained a value of around USD 6.73 Billion.

The market is being aided by the increasing awareness regarding the benefits of solar street lighting, the growing focus on improving public safety by governments, and the rising demand for solar LED street lighting.

The market is anticipated to be propelled by the rising trend of sustainability, the development of advanced solar street lighting systems, and the growing energy demand.

The major regional markets of solar street lighting are Europe, North America, the Middle East and Africa, the Asia Pacific, and Latin America.

The market is estimated to grow at a CAGR of 16.40% between 2025 and 2034.

Some of the disadvantages associated with solar energy include high initial investments, dependency on location and weather, and pollution during manufacturing, installation, and transportation of solar power systems, among others.

The major product types of solar street lighting include CFL and LED.

The significant solar street lighting connections are standalone and grid connected.

Residential, commercial, and industrial are the various end users of solar street lighting.

Solar street lighting solutions are sustainable, durable, reliable, cost-effective, highly efficient, and low maintenance. They are self-sustainable and self-powered units and do not require manual intervention, which is surging their use in industrial, residential, and commercial applications.

The key market players include Signify N.V., Leadsun, Jiangsu Sokoyo Solar Lighting Co., Ltd., Nomo Group Co. Ltd, Dragons Breath Solar Ltd., and Sunna Design SA, among others.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 30.73 Billion by 2034.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Connection Type
  • End Users
  • Region
Breakup by Product Type
  • CFL
  • LED
Breakup by Connection Type
  • Standalone
  • Grid Connected
Breakup by End Users
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Signify N.V.
  • Leadsun
  • Jiangsu Sokoyo Solar Lighting Co., Ltd.
  • Nomo Group Co. Ltd
  • Dragons Breath Solar Ltd.
  • Sunna Design SA
  • Others

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