The Solar Street Lighting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Solar Street Lighting Market?
The historical growth trend in the Solar Street Lighting market has seen a rapid expansion in recent years. The market size is projected to increase from $10.39 billion in 2024 to $12.18 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 17.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Solar Street Lighting Industry?
The Solar Street Lighting market is predicted to increase to a market size of $22.79 billion in 2029, with a compound annual growth rate (CAGR) of 17.0%.
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What are the Key Growth Drivers Fueling the Solar Street Lighting Market?
The key drivers in the solar street lighting market are:
• Market expansion in developing regions
• Rising energy costs and demand
• Increase in environmental awareness and sustainability goals
• Supportive government policies and regulations
Global Market Segmentation: Identifying Major Solar Street Lighting Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Solar Street Lighting Market?
The key trends in the solar street lighting market are:
• A major emerging trend is the development and use of hybrid solar lighting systems.
• The application of artificial intelligence for energy optimization is shaping the future of the solar street lighting market.
• There are growing trends towards community-centric lighting solutions.
• The market is also being influenced by the demand for enhanced durability, weather resistance, and modular, scalable designs.
Who Are the Top Competitors & Leading Players in the Solar Street Lighting Market?
Major companies 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.
• GE Lighting
• Anhui Longvolt Energy Co. Ltd.
• Covimed Solar
• Jinhua SunMaster Solar Lighting Co. Ltd.
• Shenzhen Spark Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the solar street lighting market in 2024
