Navigating the Future: Solar Street Lighting Market Trends and Forecast Insights, 2025 Edition

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Solar Street Lighting Market Size Growth Forecast: What to Expect by 2025?
The market for solar street lighting has seen exponential growth in recent years. The market will expand from a value of $10.39 billion in 2024 to reach $12.18 billion by 2025, growing at a compound annual growth rate (CAGR) of 17.3%. The considerable growth experienced in the historical period can be credited to factors such as public awareness and community involvement, government policies and programs, an increasing consciousness for environment and sustainability, campaigns for rural electrification, and a surge in urban development and infrastructure projects.

How Will the Solar Street Lighting Market Size Evolve and Grow by 2029?
The market size for solar street lighting is predicted to have speedy expansion in the coming years. It's projected to reach $22.79 billion by 2029 with a compound annual growth rate (CAGR) of 17.0%. The various factors contributing to this progression during the forecast period include burgeoning markets in developing regions, increasing energy charges and demand, environmental consciousness and sustainability targets, alongside government backing and regulation. Key trends expected in this period comprise hybrid solar lighting systems, employing artificial intelligence (AI) for energy optimization, lighting solutions focused on community, enhanced durability including weather resilience, along with modular and upgradable designs.

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What Drivers Are Propelling the Growth of Solar Street Lighting Market Forward?
The surge in demand for clean energy is anticipated to fuel the expansion of the solar street lighting market in the future. Clean energy refers to power generated through methods that do not release contaminants like greenhouse gases such as CO2, that contribute to global warming, thereby fostering greater environmental preservation. Solar energy, a type of clean energy, is widely employed as a renewable energy source in public lighting systems. Solar street lights, in particular, include photovoltaic solar panels in their design, actively harnessing sunlight throughout the day and storing the power in a battery system. The battery then releases its energy to illuminate the light source during nighttime. For example, the American Clean Power Association's Clean Power Annual Market Report, released in March 2024, highlighted that in 2023, new utility-scale clean energy projects with a total power generation capacity of 33.8 gigawatts (GW) were installed by the clean energy sector. This marked an exceptional growth of 12.5% compared to the previous record established in 2021. As such, the escalating demand for clean energy is propelling the advancement of the solar street lighting market.

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Which Emerging Trends Are Transforming the Solar Street Lighting Market in 2025?
The latest trend of product innovation is making a significant impact on the solar street lighting industry. To maintain competitiveness, prominent companies in this market are constantly presenting unique, innovative offerings. Take, for instance, the US-based Streetleaf, a supplier of solar streetlight services that introduced its Streetleaf solar streetlights in June 2023. These streetlights are designed to deliver trustworthy, affordable, and eco-friendly lighting solutions for both city and countryside settings. By getting rid of the need for electrical wiring, these lights are not only easy to install, taking less than 15 minutes, but also offer a budget-friendly alternative to conventional grid systems. Streetleaf has ambitions to use renewable energy to power over 55 million streetlights. With their high-efficiency solar panels and intelligent sensors, the lights can alter brightness based on environmental light and traffic circumstances. Furthermore, these units can be overseen and managed remotely, thanks to an integrated control system.

What Are the Key Segments in the Solar Street Lighting Market?
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

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Who Are the Key Players Shaping the Solar Street Lighting Market's Competitive Landscape?
Major companies operating in the solar street lighting market include 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.

What Geographic Markets Are Powering Growth in the Solar Street Lighting Market?
Asia-Pacific was the largest region in the solar street lighting market in 2024. The regions covered in the solar street lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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