Solar Lighting System Market Report 2026

Solar Lighting System Market Overview

• Solar Lighting System market size has reached to $9.26 billion in 2025 • Expected to grow to $17.18 billion in 2030 at a compound annual growth rate (CAGR) of 12.9% • Growth Driver: The Rise Of Renewable Energy Fueling Growth In The Solar Lighting System Market • Market Trend: Eco-Friendly Solar Lighting Solutions Driving Sustainability • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Solar Lighting System Market?

A solar lighting system is a lighting solution that harnesses solar energy to power light fixtures. It is commonly used for outdoor lighting applications, such as garden lights, pathway illumination, street lighting, security lighting, and rural electrification where grid electricity is unavailable or unreliable. Solar lighting systems are known for their sustainability, which utilizes renewable solar energy, reduces electricity costs, and has minimal environmental impact compared to traditional grid-powered lighting systems. The main products of the solar lighting system are solar lanterns, solar home systems, and solar street lights. Solar lanterns are portable, battery-operated lighting devices powered by solar energy, typically consisting of a solar panel, battery, and LED or CFL light source, providing a clean and renewable alternative to traditional lanterns. The various offerings include hardware, software and services and various lighting sources include light emitting diode (LED) lights, and compact fluorescent lamps (CFLs), and various applications such as commercial, highways and roadways, industrial, residential, and others.

What Is The Solar Lighting System Market Growth Forecast?

The solar lighting system market size is expected to see rapid growth in the next few years. It will grow to $17.18 billion in 2030 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to smart city development projects, advancements in solar panel efficiency, growing focus on carbon neutrality, expansion of IoT-enabled lighting controls, increasing investments in renewable infrastructure. Major trends in the forecast period include increasing adoption of solar street lighting in urban infrastructure, rising deployment of off-grid solar lighting in rural areas, growing integration of LED technology in solar lighting systems, expansion of smart and connected solar lighting solutions, increasing demand for cost-effective and low-maintenance lighting.

What Is The Driver Of The Solar Lighting System Market?

The adoption of renewable energy sources is expected to propel the growth of the solar lighting system market going forward. Renewable energy sources refer to naturally replenishable resources such as solar, wind, and hydroelectric power, which can be continuously utilized without depletion. The increase in the use of renewable energy sources is due to sustainability goals, public awareness, grid stability, innovation in storage technologies, and regulatory support. Solar lighting systems promote the uptake of renewable energy sources by directly converting solar energy into usable electricity for lighting, reducing dependency on non-renewable energy sources. For instance, in December 2024, according to Eurostat, a Luxembourg-based government agency, in 2023, renewable energy represented 24.5% of total energy consumption in the EU, up from 23.0% in 2022. Therefore, the adoption of renewable energy sources is driving the growth of the solar lighting system industry.

Key Players In The Global Solar Lighting System Market

Major companies operating in the solar lighting system market are Schneider Electric SE, Honeywell International Inc., Eaton Corporation plc, Philips Lighting Holding BV, Signify Holding BV, Havells India Limited, Exide Industries Limited, Cooper Lighting LLC, Jain Irrigation Systems Ltd., Halonix Technologies Pvt. Ltd., d.light Design Inc., Fonroche Lighting SAS, Azuri Technologies Ltd., Jakson Group, MicroEnergy Credits Corporation, Oorja Solar, FlexSol Solutions BV, Akshar Solar Energy Pvt. Ltd., Clear Blue Technologies Inc., Deepa Solar Systems Pvt. Ltd., Dragons Breath Solar Ltd., Solar EnergieTechnik Ltd., Jinhua SunMaster Solar Lighting Co. Ltd., Leadsun Power, OSRAM Licht AG, SBM-SolarTech GmbH

Global Solar Lighting System Market Trends and Insights

Major companies operating in the solar lighting system market are focused on developing innovative solutions, such as eco-friendly lighting, to minimize environmental impact and maximize sustainability. Eco-friendly lighting refers to lighting solutions designed to have minimal negative environmental impact throughout their lifecycle. For instance, in May 2023, AGC Lighting, a China-based equipment manufacturing company, launched the ST57 solar LED street light for eco-friendly lighting. This innovative street light combines advanced solar technology with high-efficiency LED bulbs to deliver sustainable illumination for urban and suburban environments. The ST57 is designed with durability and energy efficiency, featuring a rugged, weather-resistant build that ensures longevity even in challenging outdoor conditions. Its intelligent lighting controls optimize energy usage, making it a cost-effective choice for municipalities and businesses aiming to reduce their carbon footprint.

What Are Latest Mergers And Acquisitions In The Solar Lighting System Market?

In June 2024, Schréder, a Belgium-based company specializing in outdoor lighting solutions, acquired Ligman Lighting USA Inc. for an undisclosed amount. Through this acquisition, Schreder aims to strengthen its product range and expand its market presence, especially in the urban decorative lighting sector. Ligman Lighting USA Inc. is a US-based manufacturer and distributor of outdoor and architectural solar lighting solutions.

What Defines the Solar Lighting System Market?

The solar lighting system market consists of sales of solar-powered street lights, garden lights, home lighting kits, portable solar lanterns, and solar-powered floodlights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Solar Lighting System Market Report 2026?

The solar lighting system market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the solar lighting system industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.