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Report Overview
The global solar lighting system market size reached around USD 8.55 Billion in 2024. The market is projected to grow at a CAGR of 15.90% between 2025 and 2034 to reach nearly USD 37.39 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
15.9%
2025-2034
Solar Lighting System Market Outlook
*this image is indicative*
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The market is primarily being driven by the rising use of renewable energy for lighting. The Asia Pacific is the fastest growing region due to the increasing demand for renewable energy.
Global Solar Lighting System Market Market Segmentation
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The systems that use sunlight as a source to produce light, as well as charge lighting sources, are known as solar lighting system. The market can be divided on the basis of offerings into hardware, software, and services.
The market can be divided on the basis of offerings into
- Hardware
- Solar/PV Panels
- Lighting Fixtures
- Rechargeable Battery
- Others
- Software and Services
The light source can be classified as:
- LED
- Others
The grids in the market can be grouped into:
- Off-Grid
- Hybrid
The market can be broadly categorised on the basis of its applications into:
- Highways and Roadways
- Industrial
- Commercial
- Residential
- Others
The EMR report looks into the regional markets of solar lighting system like:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Global Solar Lighting System Market Market Analysis
The key factors driving the market growth include the increasing demand for energy-efficient solar lighting systems for highways, increased use of renewable energy for lighting purposes, increased penetration and lower costs for LEDs and increased demand from developed and emerging countries. In addition, the underlying market opportunities include a decrease in solar lighting cost, advantageous government initiatives, as well as improved technology in a solar lighting system.
LED is the leading type of light source and is likely to grow at a higher rate in the forecast period, owing to it being eco-friendly and durable compared to others. The application sector is being dominated by the commercial segment.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global solar lighting system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Signify Holding
- Eaton Corporation plc
- Clear Blue Technologies Inc.
- Jinhua SunMaster Solar Lighting Co., Ltd.
- Solar Electric Power Company
- ENF Ltd.
- Best Solar Street Lights USA
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 8.55 Billion.
The market is assessed to grow at a CAGR of 15.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 37.39 Billion by 2034.
The major market drivers include the increasing penetration and lower costs for LEDs, the rising demand for solar lighting systems in emerging economies, and the introduction of favourable government initiatives aimed at boosting the use of renewable energy.
The growing demand for energy-efficient solar lighting systems for highways and increased usage of renewable energy for lighting are the key trends driving the market growth.
The major regions in the market include North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.
The major offerings considered in the market report include hardware and software and services.
The significant light sources of solar lighting system are LED and others.
Off-grid and hybrid are the major grid types in the market.
The several applications of solar lighting system include highways and roadways, industrial, commercial, and residential, among others.
The major players in the market are Signify Holding, Eaton Corporation plc, Clear Blue Technologies Inc. , Jinhua SunMaster Solar Lighting Co., Ltd., Solar Electric Power Company , ENF Ltd., and Best Solar Street Lights USA, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Offering |
|
| Breakup by Light Source |
|
| Breakup by Grid Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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