Global Solar Street Lighting Market Report and Forecast 2024-2032

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the Market

Solar street lighting is a lighting system that utilises photovoltaic technology for converting sunlight into electricity. It does not use power from grid infrastructure and is extensively used to illuminate parks, roads, streets, and lawns, among others. The usage of solar street lighting is associated with several benefits, such as reduced costs, enhanced efficiency, ease of installation, and decreased dependency on the grid.

• In both developing and developed countries, governments are promoting the adoption of solar street lighting solutions owing to their various benefits, including affordability, eco-friendliness, and low maintenance, among others. In addition, governments in developing countries are increasingly installing solar street lights for providing optimal illumination in areas prone to power outages.

• Some of the most significant solar street lighting market trends include the increasing exploration of renewable energy sources, the rising demand for energy, the increasing focus to boost public safety, and the surging trend of sustainability amid growing environmental concerns.

• There is an increasing use of solar street lighting solutions as a reliable and cost-effective alternative to electrically powered street lights. As the focus on reducing carbon emissions and driving sustainability is surging, installations of solar street lighting systems are anticipated to rise.

• Various leading companies are increasingly launching innovative and high-performance solar street lights that offer excellent luminous efficacy, high charging efficiency, and enhanced durability in harsh environmental conditions.

• Several solar street lighting systems are integrated with advanced sensor technologies that enable them to rapidly respond to the surroundings and save energy.

Solar Street Lighting Market Analysis

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on product type, the market can be segmented into CFL and LED. By connection type, the market is divided into standalone and grid connected. On the basis of end users, the market is classified into residential, commercial, and industrial. The regional markets for solar street lighting can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solar street lighting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans. 

• Signify N.V.

• Leadsun

• Jiangsu Sokoyo Solar Lighting Co., Ltd.

• Nomo Group Co. Ltd

• Dragons Breath Solar Ltd.

• Sunna Design SA

• Others

Market Share by Product Type

There is a growing demand for solar LED street lights owing to their low energy consumption, durability, bright light emission, zero UV emissions, and sustainability, among others. With the increasing demand for enhanced illumination in outdoor spaces at an affordable price, various manufacturers are developing innovative solar street lights with inbuilt high-lumen LED bulbs, dusk-to-dawn sensors, and high-efficiency solar panels and solar charge controllers, among others, thereby bolstering the overall solar street lighting market growth. 

The availability of solar LED street lights in various styles, shapes, and sizes is significantly rising. Moreover, governments across the globe are focusing on boosting sustainability, which is anticipated to surge the adoption of solar LED street lights offering high energy efficiency, low installation costs, efficient charging, and self-autonomy, among others.

Meanwhile, the utilisation of solar CFL street lighting for illuminating squares, crossroads, and streets in remote areas is surging. Solar CFL street lights offering weather resistance, enhanced transparency, minimal lumen output loss, and automated controllers are increasingly used in various applications in the residential, industrial, and commercial sectors.

Market Share by Region

The Asia Pacific region accounts for a significant solar street lighting market share owing to the growing usage of green and renewable energy in the region. The rapid urbanisation and industrialisation and the rising energy demands in the region are surging the utilisation of solar energy as a cost-effective and sustainable energy source, hence driving installations of solar street lighting solutions. 

With the high prevalence of power outages in emerging economies of the region, governments are increasingly exploring sustainable power generation sources and utilising solar-based street lighting systems for illumination applications. The growing focus on regional developments in countries like China, India, and Indonesia, among others, is surging the installation of solar street lighting systems due to their excellent illumination, enhanced stability and durability, and high lumen output, among others.  

Meanwhile, the solar street lighting market in Europe is expected to grow over the forecast period due to the rapid shift from fossil fuel-based energy sources and the increasing trend of sustainability. The energy crisis due to socioeconomic factors in the region is also fuelling the adoption of solar street lights. Several European countries are also installing energy-efficient and effective solar street lights for reducing greenhouse gas emissions and overall energy consumption.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape in the Global Solar Street Lighting Market

Signify N.V. is a leading lighting company that offers high-quality systems, services, and products to customers. Its innovative data-enabled and connected lighting systems are extensively used in buildings, homes, as well as public spaces. Through its R&D activities in LED lighting, it aims to unlock the potential of light for creating a sustainable world. Moreover, the company actively partners with institutions, universities, and start-ups to drive innovation in the lighting sector.

Leadsun, one of the major solar street lighting companies, manufactures  innovative solar powered LED lights. It has research institutes and branches in the United States, Australia, and Malaysia. The company’s high-performance and reliable solar lighting systems are used in more than 100 countries around the world. Through its innovative product portfolio, the company aims to offer easy-to-install and intelligent solar lighting solutions to customers. 

Jiangsu Sokoyo Solar Lighting Co., Ltd. Is a Chinese company that is focused on developing, producing, and designing solar street lighting solutions. Its innovative product portfolio finds usage in highways, small areas, city roads, and residential area country roads, among others. The company also offers various services, including scenario simulation testing, preliminary project design, proposal, wind resistance rating design, and optimisation to its customers. Its solutions have been used in several projects across the globe.

Other solar street lighting market players include Nomo Group Co. Ltd, Dragons Breath Solar Ltd., and Sunna Design SA, among others.

Key Highlights of the Report