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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); Component (Controller, Lamp, Solar Panel, and Others); Application (Parking Lot, Highway and Roadway, Airport Runway, and Others); and Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published Date: Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0222147  | Delivery: 2 to 4 Hours
Solar Street Lighting Market

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Report AttributeDetails
Market Size Value in 2022US$ 4,438.0 Mn
Expected Revenue in 2030 US$ 15,716.4 Mn
Historic Data2017-2021
Base Year2022
Forecast Period2023-2030
UnitValue (USD Mn)
Segments coveredBy Type, By Component, By Application,  By Region
Key Companies                                                                            Acuity Brands, Inc., Bajaj Electricals Ltd., Bridgelux Inc., Cooper Lighting, LLC, Dragons Breath Solar, Jiangsu SOKOYO Solar Lighting Co., Ltd., Omega Solar, Philips Lighting Holding B.V., Signify Holding BV, Sol Inc., Solar Street Lights USA, Solektra International LLC, Sunna Design, Urja Global Ltd., VerySol Inc., Other Prominent Players
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Global Solar Street Lighting Market is projected to grow at a CAGR of 17.19% during the forecast period 2023-2030.

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.