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Solar Street Lighting Market Size Forecast: How Big Could The Market Get By 2030?
The solar street lighting market has experienced substantial growth in recent years. This market is projected to expand from $12 billion in 2025 to $13.99 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 16.5%. Factors contributing to this historical growth include increased adoption of traditional solar lighting, the broadening of battery-based lighting systems, a dependence on standalone lighting setups, the initial deployment of fluorescent and LED luminaries, and the creation of integrated solar poles.
The solar street lighting market is projected to experience substantial growth in the coming years. It is anticipated to expand to $25.51 billion by 2030, registering a compound annual growth rate (CAGR) of 16.2%. The expansion during this forecast period can be attributed to the increasing deployment of intelligent solar lighting networks, a rising demand for street illumination powered by renewable sources, the growth of energy-efficient public infrastructure, the proliferation of highway and roadway installations, and the development of advanced solar controllers and sensors. Major trends expected in the forecast period include the adoption of sustainable solar lighting infrastructure, the integration of IoT-connected solar street light systems, the rollout of autonomous smart lighting platforms, advancements in cloud-based lighting monitoring solutions, and the creation of intelligent renewable lighting technologies.
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Solar Street Lighting Market Demand Drivers: What’s Powering Industry Growth?
The rising need for clean energy is anticipated to drive the expansion of the solar street lighting market in the future. Clean energy refers to power generated through methods that release no pollutants, especially greenhouse gases like CO2, which exacerbate global warming, thus enhancing environmental safeguarding. Solar energy, a form of clean energy, is frequently utilized as a renewable source for public illumination, with solar streetlights incorporating photovoltaic panels designed to efficiently capture daylight and store the resulting power in a battery. The stored energy from this battery is then released to power the light source during nighttime hours. As an illustration, in February 2024, the World Economic Forum, an international non-governmental organization (NGO) headquartered in Switzerland, disclosed that clean energy experienced a significant surge in 2023, with the global addition of renewables capacity increasing by 50% over the prior year. Consequently, the escalating demand for clean energy is fueling the expansion of the solar street lighting market.
Solar Street Lighting Market Segment Analysis: What Are The Core Market Categories?
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 Trends: What Developments Are Reshaping The Industry?
Leading companies within the solar street lighting market are introducing innovative products, such as eco-friendly urban lighting solutions, to maintain their competitive position. These eco-friendly urban lighting solutions, when applied in solar street lighting, utilize renewable energy sources to provide sustainable and energy-efficient illumination, thereby reducing environmental impact and fostering eco-conscious urban development. For example, in March 2023, AGC Inc., a glass manufacturing company based in Japan, launched the ST57 Solar LED Street Light. The ST57 Solar LED Street Light is specifically a solar street light designed for environmentally friendly lighting applications. Powered by solar energy, the ST57 Solar LED Street Light is installed in various public settings including roads, parks, and parking lots. This ST57 Solar LED Street Light features a distinct solar panel and fixture head. Its intelligent control system integrates a microwave, a timer, and a passive infrared (PIR) sensor. It is offered in six sizes, namely 10W (watts), 20W (watts), 30W (watts), 40W (watts), 50W (watts), and 60W (watts).
Solar Street Lighting Market Top Companies Driving Competitive Growth
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 Geographic Spread And Regional Opportunities
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.
