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Solar Street Lighting Market Revenue Projected To Rise To $25.51 Billion By 2030
The solar street lighting market has seen substantial growth recently. This market is set to expand from $12 billion in 2025 to $13.99 billion in 2026, achieving a compound annual growth rate (CAGR) of 16.5%. The historical development of this market is linked to factors such as increased adoption of traditional solar lighting, the expansion of battery-based lighting systems, a reliance on standalone lighting installations, the early implementation of fluorescent and LED luminaries, and the advancement of integrated solar poles.
The solar street lighting market is projected to experience substantial expansion over the upcoming years. Its valuation is anticipated to reach $25.51 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 16.2%. This projected increase during the forecast period is primarily driven by factors such as the expanded implementation of smart solar lighting networks, the growing need for street illumination powered by renewable sources, the development of energy-efficient public infrastructure, broader installation of highway and roadway lighting, and advancements in solar controllers and sensors. Key emerging trends for this period encompass the embracing of sustainable solar lighting infrastructure, the incorporation of IoT-connected solar street light systems, the rollout of autonomous smart lighting platforms, progress in cloud-based lighting monitoring solutions, and the creation of intelligent renewable lighting technologies.
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Primary Growth Driver Shaping The Solar Street Lighting Market Outlook
The rising requirement for clean energy is anticipated to boost the expansion of the solar street lighting market in the coming years. Clean energy refers to power generated through methods that release no pollutants, especially greenhouse gases like CO2 which contribute to global warming, thereby enhancing environmental protection. Solar energy, a form of clean energy, is frequently utilized as a renewable source for public lighting. In this context, solar streetlights incorporate photovoltaic solar panels designed to efficiently capture sunlight during the day and store the resulting energy in a battery. This stored energy then powers the light source throughout the night. A notable example is the report by the World Economic Forum, a Switzerland-based international non-governmental organization (NGO), which stated in February 2024 that clean energy experienced a significant surge in 2023, with a 50% increase in renewable capacity added to global energy systems compared to the preceding year. Consequently, the escalating demand for clean energy is a key factor propelling the growth of the solar street lighting market.
Solar Street Lighting Market Structure: A Detailed Look At Segments And Subsegments
The solar street lighting market covered in this report is segmented –
1) By Type: Portable, Standalone, Centralized
2) By Component Type: Controller, Lamp, Solar Panel, Sensors, Battery, Other Components
3) By Luminaries: Light Emitting Diode, Compact Fluorescent Lamps
4) By Application: Parking Lot, Highway And Roadway, Airport Runway, Manufacturing Site
Subsegments:
1) By Portable: Mobile Solar Lights, Solar-Powered Lanterns
2) By Standalone: Integrated Solar Street Lights, Pole-Mounted Solar Lights
3) By Centralized: Grid-Tied Solar Street Lights, Smart Solar Street Lighting Systems
Solar Street Lighting Market Innovation And Strategy Trends Among Leading Companies
Leading companies in the solar street lighting market are developing new products, such as eco-friendly urban lighting solutions, to maintain their market position. These eco-friendly urban lighting solutions in solar street lighting harness renewable energy sources to deliver sustainable and energy-efficient illumination, thereby lessening environmental impact and fostering eco-conscious urban growth. For instance, in March 2023, AGC Inc., a Japan-based glass manufacturing company, launched the ST57 Solar LED Street Light. This ST57 Solar LED Street Light is a solar street light specifically engineered for eco-friendly lighting solutions. Powered by solar energy, it is installed in roads, parks, parking lots, and other public places. The ST57 Solar LED Street Light features a separate solar panel and fixture head. It also incorporates smart control mechanisms with a built-in microwave, timer, and passive infrared (PIR) sensor. It is offered in six sizes, including 10W (watts), 20W (watts), 30W (watts), 40W (watts), 50W (watts), and 60W (watts).
Top Companies Competing In The Solar Street Lighting Market
Major companies operating in the solar street lighting market are Acuity Brands Inc., Bajaj Electricals Limited, Cooper Lighting LLC, Dragons Breath Solar, Jiangsu Sokoyo Solar Lighting Co. Ltd., Signify Holding B.V., Solektra Solar Energy, Sunna Design SA, Urja Global Ltd., Omega Solar LLC, VerySol GmbH, Solar Street Lights, Greenshine New Energy Co. Ltd., ABB Limited, Nomo Group CO. Ltd., Su-Kam Power Systems Ltd., Anhui Longvolt Energy Co. Ltd., Covimed Solar, Jinhua SunMaster Solar Lighting Co. Ltd., Shenzhen Spark Co. Ltd.
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Solar Street Lighting Market Regional Outlook Across Major Geographies
Asia-Pacific was the largest region in the solar street lighting market in 2025. The regions covered in the solar street lighting market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
