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Solar Street Lighting Market Value Expansion And Long-Term Growth Outlook
The market for solar street lighting has experienced significant expansion recently. Projections indicate its expansion from $12 billion in 2025 to $13.99 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 16.5%. Historically, this growth can be ascribed to factors such as increased adoption of conventional solar lighting, the proliferation of battery-powered lighting solutions, a preference for independent lighting setups, the initial deployment of fluorescent and LED luminaires, and the creation of integrated solar poles.
The solar street lighting market is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach $25.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.2%. This projected growth is driven by factors such as the expanding implementation of smart solar lighting networks, an increasing need for renewable energy-driven street illumination, the advancement of energy-efficient public infrastructure, the enlargement of highway and roadway installations, and the creation of sophisticated solar controllers and sensors. Key trends anticipated during this period encompass the adoption 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 evolution of intelligent renewable lighting technologies.
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Solar Street Lighting Market Demand Drivers: What Is Fueling Industry Growth?
The future expansion of the solar street lighting market is anticipated to be significantly driven by the rising need for clean energy. Clean energy refers to power generated through processes that avoid the emission of pollutants, especially greenhouse gases like CO2, which contribute to global warming, thereby enhancing environmental protection. As a renewable resource, clean energy, particularly solar energy, is frequently employed in public lighting applications. Solar streetlights incorporate photovoltaic solar panels into their design, allowing them to efficiently capture sunlight during the day and store the resulting energy in a battery system. This stored energy is then released from the battery to power the light source once night falls. A notable example is the report from February 2024 by the World Economic Forum, a Switzerland-based international non-governmental organization (NGO), which indicated a boom in clean energy in 2023, with a 50% increase in renewables capacity added globally to energy systems compared to the preceding year. Consequently, the escalating demand for clean energy is a primary factor fueling the growth of the solar street lighting market.
Solar Street Lighting Market Segment Analysis Highlighting Growth Areas
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 Industry Trends Shaping Future Revenue Growth
Key players within the solar street lighting market are developing new products, including eco-friendly urban lighting solutions, to maintain their market presence. Eco-friendly urban lighting solutions in solar street lighting utilize renewable energy sources to provide sustainable and energy-efficient illumination, contributing to reduced environmental impact and promoting environmentally conscious urban development. For example, in March 2023, AGC Inc., a Japan-based glass manufacturing company, launched the ST57 Solar LED Street Light. The ST57 Solar LED Street Light is a solar-powered street light designed for eco-friendly lighting applications, suitable for installation in roads, parks, parking lots, and other public areas. This light features a separate solar panel and fixture head, and it incorporates smart control through a built-in microwave, timer, and passive infrared (PIR) sensor. It is available in six sizes, specifically 10W (watts), 20W (watts), 30W (watts), 40W (watts), 50W (watts), and 60W (watts).
Solar Street Lighting Market Leading Companies: Who Holds Significant Market Presence?
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 Distribution: Which Areas Drive Market Expansion?
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.