Solar Street Lighting Market Size, Share, By Product Type (Compact Fluorescent Lamps (CFL), and Light Emitting Diode (LED)), Connection Type (Standalone and On Grid), Application (Residential, Commercial, and Industrial), and Region - Trends, Analysis, and Forecast till 2035

• The solar street lighting market size is anticipated to reach a valuation of USD 24.7 Billion by 2035.
• The valuation of the market was USD 6.3 Billion in 2024.
• Target solar street lighting market is projected to rise at a CAGR of 14.7%.

Solar street lights are a type of outdoor lighting that uses solar panels to harness the sun's energy and power the lights. Solar Street lights are being widely used to light up street, lawns, parks, etc. These solar street lights consume no power from the grid and work solely on the solar power. They also eliminate the need for underground cabling and multiple switching points. The solar street lighting market is growing due to a number of factors, including environmental concerns, government support, and the need for energy-efficient lighting.

Impact of AI in Vector Control:

Through design optimization, energy management improvements, predictive maintenance, increased security, and cost savings, generative AI has revolutionized solar street lighting. It facilitates in detecting failures, connecting with smart city infrastructure, choosing the optimal sites for installation, and modifying brightness based on current conditions. Along with reducing material waste and increasing long-term efficiency, AI-driven simulations increase the sustainability and affordability of solar street lighting.

Key Drivers of Target Market:

Solar Street Lighting Assist to Enhance Community Safety Contributing to the Market Growth

Solar street lights are key to enhancing safety in our communities, providing bright and reliable lighting for streets and public spaces. This continuous illumination fosters a sense of security, making residents and visitors more comfortable engaging in outdoor activities and strengthening community ties.

• For instance, in April 2024, EnGoPlanet, and Calhoun County, announced the near completion of the largest solar street light installation in the United States. Utilizing EnGoPlanet's program ENGO Utility, this groundbreaking project features 300 solar street lights and 20 advanced solar poles equipped with cameras throughout multiple public parks across the entire county, marking a significant milestone in sustainable infrastructure and public safety.

Restraints:

Large Initial Input Cost Can Obstruct Market Growth

Needs a large initial input cost for solar street light installation is a significant defect, which can disturbs solar street lighting market growth. In comparison to traditional street lights, solar power street lights require a larger investment at the installation stage, the overall cost is 3times of installing traditional street lights with the same efficiency. This is the key factor that stops consumers from investing in solar street lights. 

• Counterbalance Statements: Several solutions to mitigate above issue are government incentives & subsidies, public-private partnerships (PPP), leasing & financing options, bulk purchasing & standardization, and so on.

Market Performance is affected by Geographical and Weather Conditions

As solar power comes from the sun, solar radiation differs in various places, and the lighting state of solar street lights may be impacted by the weather situation. The place with high solar radiation is perfect for solar street lights, but some places are always cloudy or snowing in winter, the solar street light would not work normally, and the brightness of the lights may not meet the road lighting standard, even not light up.

• Counterbalance Statements: Key methods to address these challenge are advanced battery storage & energy management, hybrid solar-wind systems, efficient led technology and adaptive lighting, anti-dust & weatherproof designs, and others.

Opportunities:

Advancement in Battery Technology can Drive Market Growth in Future

The battery is a main part of the system, as it stores the energy generated by the solar panels during the day and powers the lights at night. Now-a-days, advance battery technology are preffered choice for solar street lights. These batteries offer higher energy density, longer lifespan, and better performance in extreme temperatures.

• For instance, in November 2024, Taiwan-based electronics manufacturer Para Light Electronic has added a new integrated solar light emitting diode (LED) streetlight for pedestrian walkways and roads to its line of outdoor lighting products, Taiwan-based electronics manufacturer Para Light Electronic has added a new integrated solar light emitting diode (LED) streetlight for pedestrian walkways and roads to its line of outdoor lighting products.

Product type, connection type, application, and region are segmentations upon which solar street lighting market is categorized.

Product Type

Belonging to product type, solar street lighting market is distinguished into compact fluorescent lamps (CFL) and light emitting diode (LED). Amidst them all, the light emitting diode (LED) has the highest market share in the solar street lighting market due to its energy efficiency, lifespan, and performance.

Connection Type

Standalone and on grid are connection types upon which solar street lighting market is subdivided. Due to its lower cost, ease of installation, and environmental friendliness, standalone solar street lighting has resulted in a greater share of the solar street lighting market than on-grid lighting.

Application

The solar street lighting market is distributed into residential, commercial, and industrial on account of application. The commercial segment has the largest market share of solar street lighting, and is expected to continue to grow during the forecast period. This is due to a number of factors, including government initiatives and growing awareness of the environmental impact of conventional lighting.

• For instance, in January 2023, The Commune of Agen has reached an agreement with Fonroche Lighting to install 6,000 commercial solar street lights by 2026. This is the largest deployment of solar street light systems in Europe. The town worked with UGAP (Union of Public Purchasing Groups) to finalize the €11 million deal.

Regional

Geographically, the solar street lightning market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America holds the largest share of the solar street lighting market due to strong government policies promoting renewable energy, significant investments in smart city projects, high environmental awareness, and a well-developed infrastructure that readily adopts new technologies, particularly in the United States, which is a major player in the region.

• For instance, in February 2023, iMyPower, a leading provider of innovative solar street lighting solutions, announced the launch of its new product - iMyPower Vertical LED Solar Street Lights. iMyPower Vertical LED Solar Street Lights are designed to deliver high-quality and reliable lighting for outdoor areas.

Asia Pacific: Asia Pacific region is considered to be the fastest growing solar street lighting market, primarily due to rapid urbanization, increasing government support for renewable energy, and a growing focus on sustainable solutions in developing countries within the region, with China and India leading the way.

• For instance, according to the data published by United Nations Human Settlements Programme, urbanization continues to be a defining megatrend in the Asia Pacific region and 44% of the global urban population, more than 2.2 billion people live in Asia. By 2050, the urban population in Asia is expected to grow by 50%, an additional 1.2 billion people.

Solar Street Lighting Market Report Scope:

Segmentation:

By Product Type:

• Compact Fluorescent Lamps (CFL)
• Light Emitting Diode (LED)

By Connection Type:

• Standalone
• On Grid

By Application:

• Residential
• Commercial
• Industrial

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The companies operating in the solar street lighting market are HOMEHOP, Fevino Industries LLP, Engoplanet Energy Solutions LLC, HeiSolar, WOLTA POWER SYSTEM, and others. Solar street lighting companies can use strategies such as battery storage, solar controllers, and high-quality components to improve reliability and performance.

View a additional list of companies in the Solar Street Lighting Market:

• HOMEHOP
• Fevino Industries LLP
• ENGOPLANET ENERGY SOLUTIONS LLC
• HeiSolar
• Wolta Power System
• Shenzhen Luxman Light CO.,Ltd
• Systellar
• Systellar
• Utkarsh India Limited
• Aditya Solar
• Guangzhou Anern Energy Technology Co., Ltd.
• Panasonic Corporation
• Shenzhen Clode Optoelectronic Co., Ltd
• DEL ILLUMINATION CO., LTD.

• In November 2021, LED and solar products manufacturer Servotech Power Systems has launched its new range of solar street lights to deliver high-quality illumination for outdoor spaces. These solar street lights can be used for streets and roads, highways, compounds, parks, boundary walls, and others.

Analyst View:   

The solar street lighting market continues to rise tremendously as a result of government programs, rising demand for renewable energy sources, and improvements in lighting technology. Especially in areas with restricted grid access, these lighting systems deliver economical, energy-efficient, and ecologically responsible lighting options through the use of solar panels, batteries, LED lights, and smart controllers.

More Related Reports

Solar Photovoltaic (PV) Market
Solar Rooftop Market
Solar Control Window Films Market
Solar PV Power Market
EVA Solar Films Market