The global solar lighting system market size reached around USD 8.55 Billion in 2024. The market is projected to grow at a CAGR of 15.90% between 2025 and 2034 to reach nearly USD 37.39 Billion by 2034.
The market is primarily being driven by the rising use of renewable energy for lighting. The Asia-Pacific is the fastest growing region due to the increasing demand for renewable energy.
LED is the leading type of light source and is likely to grow at a higher rate in the forecast period, owing to it being eco-friendly and durable compared to others. The application sector is being dominated by the commercial segment.
The market is primarily being driven by the rising use of renewable energy for lighting. The Asia-Pacific is the fastest growing region due to the increasing demand for renewable energy.
Global Solar Lighting System Market Market Segmentation
The systems that use sunlight as a source to produce light, as well as charge lighting sources, are known as solar lighting system. The market can be divided on the basis of offerings into hardware, software, and services.The market can be divided on the basis of offerings into:
- Hardware
- Solar/PV Panels
- Lighting Fixtures
- Rechargeable Battery
- Others
- Software and Services
The light source can be classified as:
- LED
- Others
The grids in the market can be grouped into:
- Off-Grid
- Hybrid
The market can be broadly categorised on the basis of its applications into:
- Highways and Roadways
- Industrial
- Commercial
- Residential
- Others
The report looks into the regional markets of solar lighting system like:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Global Solar Lighting System Market Market Analysis
The key factors driving the market growth include the increasing demand for energy-efficient solar lighting systems for highways, increased use of renewable energy for lighting purposes, increased penetration and lower costs for LEDs and increased demand from developed and emerging countries. In addition, the underlying market opportunities include a decrease in solar lighting cost, advantageous government initiatives, as well as improved technology in a solar lighting system.LED is the leading type of light source and is likely to grow at a higher rate in the forecast period, owing to it being eco-friendly and durable compared to others. The application sector is being dominated by the commercial segment.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global solar lighting system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- Signify Holding
- Eaton Corporation plc
- Clear Blue Technologies Inc.
- Jinhua SunMaster Solar Lighting Co., Ltd.
- Solar Electric Power Company
- ENF Ltd.
- Best Solar Street Lights USA
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Solar Lighting System Market Analysis
6 Regional Analysis
7 Market Dynamics
9 Competitive Landscape
Companies Mentioned
The key companies featured in this Solar Lighting System market report include:- Signify Holding
- Eaton Corporation plc
- Clear Blue Technologies Inc.
- Jinhua SunMaster Solar Lighting Co., Ltd.
- Solar Electric Power Company
- ENF Ltd.
- Best Solar Street Lights USA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 156 |
| Published | August 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 8.55 Billion |
| Forecasted Market Value ( USD | $ 37.39 Billion |
| Compound Annual Growth Rate | 15.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
