Solar Street Lighting - Global Strategic Business Report

The global market for Solar Street Lighting was estimated at US$8.5 Billion in 2024 and is projected to reach US$21.8 Billion by 2030, growing at a CAGR of 17.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Solar Street Lighting market.

Global Solar Street Lighting Market - Key Trends & Drivers Summarized

Solar street lighting is an innovative solution that harnesses the power of the sun to illuminate streets, pathways, and public spaces. These systems consist of photovoltaic panels that capture solar energy during the day, storing it in batteries for use at night. Equipped with LED lamps, solar street lights offer energy-efficient, sustainable lighting that reduces reliance on conventional electricity sources. This technology is particularly beneficial in remote and off-grid areas where extending the electrical grid would be prohibitively expensive. Solar street lighting not only provides reliable illumination but also contributes to environmental conservation by reducing carbon emissions and lowering energy consumption.

The design and functionality of solar street lighting have evolved significantly over the years. Modern systems incorporate smart technology, such as motion sensors and adaptive lighting controls, which optimize energy usage by adjusting the brightness based on pedestrian and vehicular activity. Advanced battery technologies, like lithium-ion and lithium iron phosphate, enhance the storage capacity and lifespan of these systems. Moreover, the integration of IoT capabilities allows for remote monitoring and management, enabling real-time fault detection and performance analytics. These advancements ensure that solar street lighting is not only efficient and reliable but also easy to maintain and manage.

The growth in the solar street lighting market is driven by several factors that reflect both technological advancements and broader societal trends. Increasing awareness about environmental sustainability and the need to reduce greenhouse gas emissions are significant drivers, as communities and governments seek to adopt greener infrastructure solutions. The declining cost of solar panels and energy storage systems has made solar street lighting more economically viable, spurring its adoption in both urban and rural areas. Government incentives and policies promoting renewable energy use further bolster market growth. Additionally, the demand for energy security and independence in remote and disaster-prone regions fuels the deployment of these systems. Urbanization and smart city initiatives also play a crucial role, as municipalities invest in modern, sustainable lighting solutions to enhance public safety and energy efficiency. These factors collectively ensure a robust and accelerating growth trajectory for the solar street lighting market, positioning it as a key component of sustainable urban development.

SCOPE OF STUDY:

The report analyzes the Solar Street Lighting market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Lighting Source (LED, CFL); Application (Residential, Commercial, Industrial)
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Residential segment, which is expected to reach US$11.0 Billion by 2030 with a CAGR of a 18.8%. The Commercial segment is also set to grow at 16.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.2 Billion in 2024, and China, forecasted to grow at an impressive 20.7% CAGR to reach $5.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Solar Street Lighting Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Solar Street Lighting Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Solar Street Lighting Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Havells India Ltd., Bajaj Electricals Ltd., Bridgelux, Inc., Halonix Technologies Ltd., Orion Solar Pty Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 69 companies featured in this Solar Street Lighting market report include:

• Havells India Ltd.
• Bajaj Electricals Ltd.
• Bridgelux, Inc.
• Halonix Technologies Ltd.
• Orion Solar Pty Ltd.
• Clear Blue Technologies Inc.
• Kingsun Optoelectronic Co., Ltd.
• Dragons Breath Solar
• SEPCO Solar Electric Power Company
• COVIMED Group
• Omega Solar
• Nu Lighting Pty Ltd.
• Abacus Lighting Holdings Limited
• LIGMAN Lighting Co., Ltd.
• Koh Brothers Group Limited

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.