Global Solar Street Lighting Market Assessment, By Type [Standalone, On Grid], By Product Type [All-in-One Solar Street Light, All-in-Two Solar Street Light, Split Solar Street Light], By Application [Commercial and Municipal, Industrial, Residential], By Region, Opportunities and Forecast, 2018-2032F

Global solar street lighting market is projected to grow at the USD 9.31 billion in 2032 with a CAGR of 8.43%.

Global Solar Street Lighting Market, Size, Future, Growth Insights

Global solar street lighting market&nbsp;is projected to witness a&nbsp;CAGR of 8.43%&nbsp;during the forecast period 2025-2032, growing from&nbsp;USD 4.87 billion&nbsp;in 2024 to&nbsp;USD 9.31 billion&nbsp;in 2032. Solar street lighting market has witnessed robust growth in recent years as a result of rising demand for clean, renewable energy solutions, and growing government encouragement towards the implementation of clean energy lighting solutions across various applications is likely to continue with a robust growth rate over the next few years. In addition, increasing global consciousness of environmental sustainability in developing nations is driving the market size for solar street lights during the forecast period. Rapid urbanization and infrastructure development lead to a rise in the cost and consumption of electricity in the regions. The government and municipalities seek to lower operational costs and are looking to invest in energy-efficient infrastructure, thus driving the demand for solar street lighting solutions in the market. The solar street lighting products use renewable energy which lowers the operational cost and reduces the dependency on grid electricity which driving its demand in the market.
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Report Attribute
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Details
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Base Year of the Analysis
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2024
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Forecast Period
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2025-2032F
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Historical Period
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2018-2023
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Projected Growth Rate
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CAGR of 8.43% between 2025 and 2032
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Revenue Forecast in 2032
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USD 9.31 billion
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Moreover, the future development is increasing the affordability and scalability of the solar street lighting, due to which the product is becoming viable for both urban and rural use. Further, the continuous innovation in solar panels and smart control functionality in the solar street lighting solution is creating new avenues in the market. In addition, governments and regulatory agencies in regions are adopting supportive policies, subsidies, and aggressive green energy targets, promoting the use of solar-powered street lighting in the market.
For instance, the federal government of the United States offers a 30% tax credit for the cost of purchasing and installing solar street lights. The tax credit is available for both residential and commercial installations. In addition, many states have decided to launch incentive programs, such as rebates and grants, aimed at promoting the use of solar streetlights in the country. This development highlights the rising government support for off-grid solutions, driving the demand for the solar street lighting market.
<h2>&nbsp;Rise in Shift Toward Green Energy Sources Solutions Amplifying Market Size</h2>
Developed and developing countries are encouraging the adoption of green energy sources to lower the dependence on the power grids. Countries are emphasizing environmental sustainability and the need to reduce carbon emissions. Solar street lighting uses renewable solar energy, helping communities and governments lower their carbon footprints compared to traditional grid-powered lighting, thus driving its demand in the market. Solar streetlights eliminate greenhouse gas emissions by 100% compared to grid-powered alternatives. Solar streetlights are increasingly emerging as a viable option in regions where it is expensive to extend the power grid. Additionally, the product provides cost-saving for the long term in that it abates electricity expenses and saves on maintenance costs, which stimulates the use of solar street lights across various uses. The government sector is looking to adopt the off-grid power generation solution which drive the demand for solar street lighting solutions in the market.
For instance, in September 2024, ITI Limited received an order worth around USD 35 million from Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 1,00,000 numbers of solar street light systems to Bihar state government. This is in addition to 80,000 solar street light systems the company is currently executing in Bihar for BREDA. This development highlights the rising investment in solar lighting solutions which will drive the market growth in the coming years.
Dropping prices of solar panels and advancements in energy storage technologies have made solar streetlights economically competitive which drives its demand in the market. The product come with affordability and advance feature, coupled with zero operating expenses, makes solar lighting a cost-saving option that fuels its demand in the market. Furthermore, governments across various countries are giving the highest priority to the adoption of renewable energy to achieve climate targets, where policies like the United States Investment Tax Credit (ITC) and India's Atal Jyoti Yojana (AJAY) subsidize solutions for renewable energy generation, hence speeding up its deployment in the market.
Rapid Urbanization and Development of Smart Cities Create Market Opportunities
The countries are looking to create energy-efficient infrastructure that balances rising energy demands with sustainability goals. Even the government is looking for substantial ways for investment which could help in renewable energy generation and lower carbon emissions in the environment. Solar street lighting products are able to address the challenges by offering grid-independent illumination, reducing reliance on fossil fuels, and lowering municipal electricity costs due as its demand is increasing in the urban sectors. The urban areas are looking to increase the adoption of solar solutions to alleviate strain on overburdened power grids while meeting climate targets which creates opportunities for the solar street lighting market in the forecast period.
With the rising investment in the smart city initiatives, driving demand for integrating solar street lights with IoT-enabled technologies, such as motion sensors, adaptive brightness controls, and real-time energy monitoring, which helps to optimize power consumption. Furthermore, solar streetlights use IoT connectivity to enable remote management and predictive maintenance, cutting operational costs which drives its demand in several upcoming projects in Europe and Asia-Pacific. Lastly, the urbanization and smart city projects are transforming solar street lighting from a niche solution to an urban essential solution in the lighting industry. Several developed countries are adopting the solar street lighting solutions by providing the tax credits which is creating the opportunity for the market to grow in the coming years.
For instance, under the Inflation Reduction Act (IRA 2022) of the United States, the solar street lighting products are eligible to get a 30% investment tax credit (ITC) which reduces the initial system cost. Combining with federal credit with local incentives can yield more savings which boosts its adoption in the market. In another instance, the United States Department of Transportation (DOT) and the Department of Energy (DOE) give funding to pilot programs for intelligent street lighting systems under the smart city funding programe. The funding includes for solar streetlights with wireless controls and motion sensors which drive the demand in the market.
Standalone&nbsp;to Dominate the Market Share
The standalone solar street lighting solution has high adoption rate which makes the segment to dominate the market during the forecast period. The demand for standalone solar street lighting solutions in growing as the product is independent from power grids and could be an appropriate solution for locations with poor or unstable electricity infrastructure. The standalone solar street lighting is accompanied by sophisticated features and parts that which the product to function independently and offer consistent lighting even in rural or distant areas.
Also, independent solar streetlights provide major environmental advantages through the use of renewable energy, lowering carbon footprints, and promoting sustainability. The off-grid and decentralized models are increasingly being adopted in developing countries, which drives the need for independent solar street light solutions, thus is expected to continue to dominate the market. Also, rural electrification plans and government policies across the globe are fueling adoption by giving subsidies and enhancing awareness about off-grid solutions.
<h2>Asia-Pacific Leads the Solar Street Lighting Market</h2>
Asia-Pacific has dominated the solar street lighting market and is expected to continue during the forecast period. The emerging economies are proposing stringent government policies and subsidies, which are driving the adoption of renewable energy generation solutions which is enhancing the solar street lighting market trend in the forecast period. In addition, the region emphasizes solar infrastructure as part of sustainable urban development and rural electrification initiatives that make solar street lighting a solution of choice for rural and urban use. Moreover, the Asia Pacific region's moderate climate which favors year-round solar energy production, improves the performance and popularity of these solutions in the market. Several manufacturers in developing countries are looking to launch new products and investing in production capacity to fulfill the rising demand for solar street lighting solutions in the market.
For instance, in November 2024, Shenzhen Clodesun Optoelectric Co., Ltd. launched three side illuminated integrated solar streetlights, which is a significant upgrade for both rural courtyards and home lighting. This development highlights that companies are launching innovative products in the market which assist in the solar street lighting industry in the region.
In addition, the availability of massive solar manufacturing product industries in nations such as China, India, and Japan are increasing the size of the solar street lighting market. The availability of an excess manufacturing base guarantees constant availability and competitive pricing, which also fuels market growth. Overall, urbanization, governmental incentives, manufacturing power, and climate conditions are driving the Asia Pacific region to take over the global solar street lighting market.
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Future Market Scenario (2025 &ndash; 2032F)
<ul>
<li>Expansion of smart cities and rapid urbanization, especially in developing regions will significantly drive the demand for solar street lighting market.</li>
<li>Government policies promoting renewable energy, subsidies, and rural electrification programs are major growth drivers for the market in the forecast period.</li>
<li>Continuous improvements in solar panels and product design will drive the solar street lighting market growth in the coming years.&nbsp;</li>
<li>The municipal and road construction sector is heavily investing in the off-grid solution of energy generation which drives the demand for solar street lighting in the market.</li>
</ul>
Report Scope
&ldquo;Global Solar Street Lighting Market Assessment, Opportunities and Forecast, 2018-2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global solar street lighting market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecasts between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Details
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Segments Covered
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Type, Product Type, Application
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Regions Covered
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North America, Europe, South America, Asia-Pacific, Middle East and Africa
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Key Companies Profiled
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Signify Holding B.V., Sunna Design, Oceania International LLC, Sokoyo Solar Lighting Co., Ltd., Jiangsu Inlux Solar Lighting Co., Ltd., Guangzhou Anern Energy Technology Co., Ltd., Engoplanet Energy Solutions LLC, Fonroche Lighting America, Inc., Gemma Lighting Limited, Shenzhen Luxman Light CO., Ltd, AGC Lighting Co., Ltd
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfil your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report,&nbsp;global solar street lighting market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Type
<ul>
<li>Standalone</li>
<li>On Grid</li>
</ul>
</li>
<li>By Product Type
<ul>
<li>All-in-One Solar Street Light</li>
<li>All-in-Two Solar Street Light</li>
<li>Split Solar Street Light</li>
</ul>
</li>
<li>By Application
<ul>
<li>Commercial and Municipal</li>
<li>Industrial</li>
<li>Residential</li>
</ul>
</li>
<li>By Region
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East and Africa</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Solar street lighting product manufacturers are actively entering into strategies to increase revenue in the forecast period. Key players focus on continuous product innovation, which could enhance efficiency and appeal to municipalities seeking intelligent lighting solutions. Several manufacturers are investing in cost-effective production and rapid installation solutions, making solar streetlights more accessible for both urban and rural projects. Product launches, agreements, business expansions, collaborations, and developing technologies are also common, enabling companies to expand technological capabilities and geographic reach.
For instance, in May 2023, AGC Lighting Co., Ltd has launched a new ST57 solar LED streetlight, with the advantage of quick installation, easy adjustment and minimal maintenance. The product could be installed alongside roads, parks, parking lots, and other public places. This development helps the company to increase the revenue and product portfolio in the market.
Key Players Operating in Global Solar Street Lighting Market are:
<ul>
<li>Signify Holding B.V.</li>
<li>Sunna Design</li>
<li>Oceania International LLC</li>
<li>Sokoyo Solar Lighting Co., Ltd.&nbsp;</li>
<li>Jiangsu Inlux Solar Lighting Co., Ltd.</li>
<li>Guangzhou Anern Energy Technology Co., Ltd.</li>
<li>Engoplanet Energy Solutions LLC</li>
<li>Fonroche Lighting America, Inc.</li>
<li>Gemma Lighting Limited</li>
<li>Shenzhen Luxman Light CO., Ltd</li>
<li>AGC Lighting Co., Ltd</li>
</ul>
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Global Solar Street Lighting Market Assessment, Opportunities and Forecast, 2018-2032F

Global solar street lighting market is expected to experience growth due to rising demand for renewable energy generation solutions and increasing investment in off-grid and low-carbon emission solutions.

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