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Solar Street Lighting Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Solar Street Lighting Market- (By Type – Portable, Standalone, Centralized, and Others; By Component – Controller, Lamp, Solar Panel, and Others; By Application – Parking Lot, Highway and Roadway, Airport Runway, and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 24-Feb-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0222147
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Solar Street Lighting Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 3,972 Mn
Expected Revenue in 2027US$ 15,716.4 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR17.12%
Segments coveredBy Type,  Component, Application,  and Region
Key CompaniesSignify Holding BV, Philips Lighting Holdings B.V., Acuity Brands, Dragons Breath Solar, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Global Solar Street Lighting Market is projected to grow at a CAGR of 17.12% during the forecast period 2022-2030.

Solar Street Light (SSL) are majorly used for outdoor street lighting which are powered by solar panels and are operated on standalone mode into the pole itself.

Global Solar Street Lighting Market is driven by the increasing urbanization and rising focus on solar energy.

Highways and roadways segment are a huge opportunity ground for solar streetlights.

Standalone segment dominates the global solar street lighting market. 

Lamp segment is expected to grow with the fastest CAGR during the forecast period. 

The market has been classified into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. 

Based on Application, the global solar street lighting market is further classified into parking lot, highways & roadways, airport runway, manufacturing site, playgrounds, garden and others.

Higher initial installation cost and investment of solar streetlight restrain the market growth. 

US is the highest shareholder in the North America solar street lighting market in terms of revenue.

Brazil is expected to project the highest CAGR of 17.56% in the South America solar street lighting market.

Philips Lighting Holdings B.V., Signify Holding BV, Acuity Brands, Bridgelux Inc., Bajaj Electricals Limited, Urja Global Ltd, Cooper Lighting LLC, Dragons Breath Solar, Omega solar, Solar Street Lights USA and Solektra International LLC among others.

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