Solar Street Lighting Market on Track for Strong Growth, Estimated to Grow at 16.4% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Solar Street Lighting Market Through 2025?
The marketplace for solar street lighting has seen a swift expansion in recent years. The market is projected to increase from a value of $10.39 billion in 2024 to $12 billion in 2025, showing a compound annual growth rate (CAGR) of 15.5%. The growth observed in the historical period can be credited to factors such as advocacy and community engagement, governmental initiatives and policies, rising awareness of environmental and sustainability issues, initiatives focused on rural electrification, and projects related to urban development and infrastructure.

What's the Projected Size of the Global Solar Street Lighting Market by 2029?
The market for solar street lighting is projected to experience swift expansion in the coming years, amassing a value of $22.02 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 16.4%. The anticipated growth within this prediction period can be credited to the enlargement of the market in emerging regions, surging energy prices and demands, consciousness about the environment, objectives towards sustainability, as well as government backing and regulations. Key emerging trends during this forecast timeline encompass hybrid solar lighting mechanisms, utilization of artificial intelligence (AI) for energy efficiency, community-focused lighting strategies, improved toughness against weather conditions, and adjustable scalable designs.

View the full report here:
https://www.thebusinessresearchcompany.com/report/solar-street-lighting-global-market-report

Top Growth Drivers in the Solar Street Lighting Industry: What's Accelerating the Market?
There is an expected surge in the solar street lighting market due to the escalating demands for clean energy. This clean energy is produced by procedures that don't release any harmful pollutants, specifically those like CO2 which contributes to global warming; this assists in enhancing ecological preservation. Solar energy, a type of clean energy, is frequently used as renewable energy in public lighting, incorporating solar street lights that include photovoltaic solar panels in their structure. These panels successfully absorb the sun's rays during the day and store the energy in a battery system. This energy from the battery then powers up the light source when darkness falls. The Clean Power Annual Market Report released by the American Clean Power Association in March 2024 stated that the clean energy sector set up 33.8 gigawatts (GW) of new utility-scale clean energy projects in 2023. This represented a growth of 12.5% from the previous record in 2021. For these reasons, the growing demand for clean energy fuels the progress of the solar street lighting market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9148&type=smp

Which Emerging Trends Are Transforming the Solar Street Lighting Market in 2025?
The emergence of groundbreaking products is a notable trend that is increasingly prevalent within the solar street lighting market. To retain their market dominance, main players in this sector have been introducing innovative solutions. As an example, Streetleaf, a firm located in the US and focused on solar-powered streetlight services, launched their Streetleaf solar streetlights in June 2023. These lights, which are designed to provide dependable and eco-friendly illumination at an affordable cost, cater to both urban and rural areas. They exclude the requirement for electrical wiring, thus making the installation process easier and under 15 minutes, and act as a cost-effective substitute to the usual grid systems. With the intention to power over 55 million streetlights using renewable energy, Streetleaf's products come armed with high-efficiency solar panels and smart sensors. Consequently, they are able to adjust their brightness automatically according to the amount of ambient light and current traffic conditions. What's more, a remote control system makes the monitoring and management of each unit more convenient.

What Are the Main 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9148&type=smp

Which Top Companies are Driving Growth in the Solar Street Lighting Market?
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.

Which Regions Will Dominate the Solar Street Lighting Market Through 2029?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9148

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.