Solar Street Lighting Market Revenue Statistics 2023, Industry Size, Sales-Demand Dynamics, Regions, Top Player Analysis, Future Trends and Outlook 2030

Solar Street Lighting Market Overview:

The Global Solar Street Lighting Market is estimated to be worth USD 3.96 billion by 2030, registering a 14.10% CAGR during the forecast period (2022- 2030).

The solar street lighting market is a growing sector within the renewable energy industry. Solar street lighting systems are standalone lighting systems that are powered by solar energy and are used to provide outdoor lighting in residential, commercial, and industrial areas.

Key Players

The global Portable Solar Street Lighting Market’s prominent key players are

• VerySol Inc. (U.S.),
• Solar Street Lights USA (U.S.),
• Dragons Breath Solar (U.K.),
• Urja Global Ltd. (India),
• Solektra International LLC (U.S.),
• Bridgelux Inc. (U.S.),
• SOKOYO Solar Group (China),
• Sunna Design (France),
• Sol Inc.(U.S.),
• Philips Lighting Holding B.V.( the Netherlands),
• Omega Solar (India).

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Solar Street Lighting is the most necessary facility for both urban and rural areas. As proper lighting in the streets can potentially reduce and prevent road accidents and is helpful for pedestrians and drivers in many other ways. Conventional street lights run on electricity that is mainly dependent on fossil fuels. Solar energy reduces power consumption while supplying quality lighting. As the cognizance concerning the benefits of solar energy is growing, several nations have installed solar lights in residences, gardens, public places, and parks. Now a day, solar street lights have become the lighting source getting mostly used for outdoor lighting. Solar energy is the solar street lights’ main energy source. Photovoltaic panels, which are placed on the integrated poles, power the street lights. Since the demand for uninterrupted power and lighting has been boosted in urban and rural areas, the prospect of the solar street lighting market has massively expanded. In extension, smart street lighting systems can transmit information to a centralized management system that monitors several parameters like voltage, light, current, temperature, etc. This kind of two-way communication enables continuous monitoring of the street lights. Another significant advantage of smart street lighting systems is that they are environmentally friendly and curb the emission of greenhouse gases.

Solar Street lighting proffers flexibility in adjusting the lighting schedule according to the need for lighting, and pedestrian frequency rise and drop. This is accounted as the key market driver in major developing nations. The development of infrastructure like paving new roads and streets in several developing countries is esteemed as an opportunity for the Solar Street Lighting Industry. Similarly, it has been observed that there is a huge decline in the prices of Solar Street Lights, over 50% reduction in price has been attributed to the hasty rise in demand for the Solar Street Lighting Industry.

Market Segmentation

The global Solar Street Lighting Market is segmented into the following types;

Based on type:

• Portable
• Standalone
• Centralized

By component:

• Controller
• Lamp
• Compact fluorescent light
• Sodium vapor
• Lead-acid
• Lithium-Ion
• Battery

By application:

• Parking Lot
• Highway & Roadway
• Airport Runway
• Manufacturing Site
• Airport Runway          

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Regional Analysis

The global Solar Street Lighting Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Europe vanquishes the global solar street lighting market. The largest market share attributes to the rapidly growing adoption of solar-powered lighting systems for street lights. North America holds the second position in the global solar street lighting market. The augmenting demand for environmentally friendly and renewable energy sources for street lighting systems pushes the market.

The Asia Pacific solar street lighting market has arisen as a profitable market. The enhancing uptake of solar street lights and government initiatives to ameliorate infrastructure boost the regional market growth.

List Of Tables

Table 1 Global Solar Street Lighting Industry: By Region, 2022-2030

Table 2 North America Solar Street Lighting Industry: By Country, 2022-2030

Table 3 Europe Solar Street Lighting Industry By Country, 2022-2030

Table 4 Asia Pacific Solar Street Lighting Industry: By Country, 2022-2030

Table 5 RoW Solar Street Lighting Industry: By Country, 2022-2030

Table 6 Global Solar Street Lighting Industry By Type , By Regions, 2022-2030

Table 7 North America Solar Street Lighting Industry By Type , By Country, 2022-2030

Table 8 Europe Solar Street Lighting Industry, By Type , By Country, 2022-2030

Table 9 Asia Pacific Solar Street Lighting Industry By Type , By Country, 2022-2030

Table 10 RoW Solar Street Lighting Industry By Type , By Country, 2022-2030

Table 11 Global Solar Street Lighting By Product Type Market: By Regions, 2022-2030

…Continued.

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