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Solar Street Lighting Market Size & Share | Growth - 2034

07-14-2025 10:14 AM CET | Energy & Environment

Press release from: Expert Marker Research

Solar Street Lighting Market

Solar Street Lighting Market

According to the report by Expert Market Research (EMR), the global solar street lighting market attained a value of nearly USD 6.73 billion in 2024. Aided by the increasing adoption of renewable energy sources and government initiatives to promote energy-efficient lighting systems, the market is projected to grow at a CAGR of 16.40% between 2025 and 2034 to reach a value of USD 30.73 billion by 2034.

Solar street lighting systems, which consist of solar panels, LED luminaires, rechargeable batteries, and control units, are emerging as a viable alternative to conventional street lights. They are widely recognised for their ability to function independently of the power grid, reduce energy consumption, and lower greenhouse gas emissions. The demand for these systems is growing across both urban and rural regions as cities pursue sustainable development goals and seek to expand public infrastructure without adding pressure to existing energy systems.

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Market Size

The global solar street lighting market has witnessed remarkable growth, with its size reaching USD 6.73 billion in 2024. This growth reflects the increasing recognition of solar lighting's economic and environmental advantages. These systems require minimal maintenance and have no operating energy costs after installation, which makes them highly cost-effective over the long term.

The market's expansion is being driven by rapid urbanisation, increasing investments in smart city projects, and electrification efforts in remote and off-grid regions. Furthermore, the global shift towards reducing dependency on fossil fuels and enhancing energy resilience is further propelling the market size of solar street lighting.

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Market Share

The solar street lighting market is segmented based on product type, component, lighting source, and region. Standalone systems currently hold the largest share of the market due to their widespread deployment in areas without access to electricity grids. These systems operate autonomously and are especially popular in rural regions of Asia-Pacific and Africa. In contrast, grid-connected solar street lights are gaining traction in developed urban centers where consistent energy supply and connectivity are available.

In terms of components, the LED lighting fixture segment dominates the market due to its energy efficiency, longevity, and low maintenance needs. Solar panels and battery segments also hold significant shares, with lithium-ion batteries being increasingly preferred for their improved performance and storage capabilities.

Regionally, Asia-Pacific commands the highest market share, led by China and India. These countries have implemented ambitious renewable energy and infrastructure development programs. Africa and Latin America are also emerging as high-growth markets owing to the need for rural electrification and infrastructure upgrades. Europe and North America, although relatively mature, continue to invest in sustainable street lighting solutions as part of smart city initiatives.

Market Trends

The global solar street lighting market is being shaped by a number of transformative trends. One of the most notable trends is the integration of smart technology into lighting systems. IoT-enabled solar street lights with motion sensors, remote monitoring, and adaptive lighting capabilities are being increasingly adopted. These intelligent systems can adjust brightness based on pedestrian or vehicle movement, reducing power consumption and extending battery life.

Another key trend is the shift towards lithium-ion and lithium iron phosphate (LiFePO4) batteries, which offer superior energy density, faster charging, and longer lifespans compared to traditional lead-acid batteries. The continuous improvement in battery technology is enhancing the efficiency and reliability of solar lighting systems.

Aesthetic and multifunctional pole designs are also gaining popularity. Modern solar street lights are being designed to serve multiple purposes-such as providing Wi-Fi connectivity, environmental monitoring, or integrating surveillance cameras-making them suitable for smart city environments.

Additionally, governments and private stakeholders are increasingly adopting Public-Private Partnership (PPP) models for deploying solar street lighting systems, ensuring cost-sharing and long-term maintenance, thereby enhancing project viability and sustainability.

Drivers of Growth

Several key drivers are contributing to the robust growth of the global solar street lighting market. The primary driver is the global push towards decarbonisation and energy efficiency. Solar street lights, powered by renewable energy and equipped with LED technology, offer a clean and sustainable lighting solution that aligns with global climate goals.

Government initiatives, subsidies, and mandates are significantly accelerating the deployment of solar lighting systems. Programs like India's Street Lighting National Programme (SLNP) and various UN-led electrification efforts in Africa are major examples of policy support driving market demand.

The increasing demand for reliable and safe public lighting, particularly in crime-prone and traffic-heavy areas, is another strong driver. Solar street lighting improves visibility and safety, reducing accidents and criminal activities, especially in underlit areas.

Moreover, the decreasing cost of solar panels and LEDs, combined with advancements in energy storage technology, is making solar street lighting systems more affordable and accessible. This is particularly beneficial for developing economies aiming to expand lighting infrastructure without straining energy grids.

Technology and Advancement

Technological advancements are playing a crucial role in shaping the solar street lighting market. High-efficiency monocrystalline and polycrystalline solar panels are improving energy conversion rates, enabling better performance even in low-light or cloudy conditions.

Advances in LED technology are leading to higher lumens per watt, lower energy consumption, and improved durability. These features make LEDs the ideal light source for solar street lighting applications.

Battery technology has also evolved, with lithium-ion and LiFePO4 batteries becoming the preferred choices due to their long life, minimal maintenance, and better temperature tolerance. These batteries support deeper discharge cycles and provide more reliable power storage.

Furthermore, remote management systems and IoT-based smart controllers are enabling real-time data collection and system optimisation. These systems allow users to monitor power usage, detect faults, and perform preventive maintenance, thereby reducing downtime and operational costs.

Emerging integration with renewable energy microgrids and blockchain-based energy trading systems is also under exploration, aiming to create decentralised and efficient energy ecosystems that incorporate solar street lighting as a key component.

Key Players

The global solar street lighting market is highly competitive and includes both global manufacturers and regional players offering a wide range of products. Some of the key players operating in the market include:

Signify N.V.
Leadsun
Jiangsu Sokoyo Solar Lighting Co., Ltd.
Nomo Group Co. Ltd
Dragons Breath Solar Ltd.
Sunna Design SA
Others

These companies focus on expanding their geographical presence, investing in R&D, and launching innovative and cost-effective solar lighting solutions. Strategic partnerships with government agencies and participation in public infrastructure projects are also central to their growth strategies.

Challenges and Opportunities

While the solar street lighting market shows strong growth potential, it also faces certain challenges. One major obstacle is the high initial installation cost, which can deter adoption in budget-constrained regions. Though the long-term operational savings offset the upfront costs, initial funding remains a barrier in many developing markets.

Performance variability due to weather conditions, particularly in areas with limited sunlight, is another concern. In such regions, the effectiveness of solar street lighting systems may diminish during cloudy or rainy seasons, impacting reliability.

The lack of standardised quality control and installation guidelines can also result in suboptimal systems that underperform or fail prematurely, affecting consumer confidence and market growth.

However, these challenges present significant opportunities. As solar and LED technologies continue to improve and become more affordable, the cost barrier is expected to diminish. Governments and financing institutions are also exploring innovative funding models such as leasing and pay-as-you-go (PAYG) systems to make solar lighting more accessible.

The growing emphasis on smart cities, sustainable urban development, and resilient infrastructure presents ample opportunities for integrating solar street lights with multifunctional and intelligent systems. The expanding rural electrification programs in Africa, Southeast Asia, and Latin America also represent substantial untapped markets for solar lighting deployment.

Market Forecast

Looking ahead, the solar street lighting market is poised for sustained expansion. With a market value of USD 6.73 billion in 2024, the sector is forecast to grow at a CAGR of 16.40% during 2025-2034, ultimately reaching a value of USD 30.73 billion by 2034.

This growth will be driven by ongoing government support, technological innovation, declining component costs, and increasing demand for safe, reliable, and sustainable public lighting infrastructure. As cities and communities worldwide commit to reducing carbon footprints and improving public services, solar street lighting is expected to play an increasingly central role in the global transition towards renewable and energy-efficient solutions.

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