Solar Street Lighting Market

The increasing global emphasis on renewable energy sources drives the Global Solar Street Lighting Market Industry. Governments worldwide are implementing policies to reduce carbon emissions and promote sustainable energy solutions. For instance, many countries are setting ambitious targets for renewable energy adoption, which includes solar technologies. This shift is reflected in the projected market growth, with the industry expected to reach 1.82 USD Billion in 2024 and potentially expand to 7.66 USD Billion by 2035. The compound annual growth rate of 13.97% from 2025 to 2035 indicates a robust demand for solar street lighting solutions as cities seek to enhance energy efficiency and sustainability.

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific Solar Street Lighting market accounted for USD 0.63618 billion in 2021 and is expected to exhibit a significant CAGR growth of 46.10% during the study period. This is attributed to the rapid urbanization, drift towards green energy and government initiatives for solar installations across the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:Solar Street Lighting Market Share By Region 2021 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Solar Street Lighting market accounts for one of the largest market share due to advance technology & efficient distribution network, reducing the environment pollution, and low cost of maintenance during its operation. Further, the Germany Solar Street Lighting market held the largest market share, and the UK solar street lighting market was the fastest growing market in the European region

The North America solar street lighting market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the strict carbon emission regulations and government ambitious green energy targets. Moreover, U.S. solar street lighting market held the largest market share and Canada solar street lighting market held the second largest share in the North America region.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Solar Street Lighting market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the solar street lighting industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Also, state-wide initiatives taken up by governments for the electrification of city infrastructures and highways offer significant opportunities for market players

One of the primary business strategies adopted by manufacturers in the solar street lighting industry to benefit clients and expand the market sector is to manufacture greener solutons and to reduce maintenance costs. In recent years, solar street lighting industry has provided innovative technologies with some of the most significant benefits. The solar street lighting market major player such as VerySol Inc. (U.S.), Solar Street Lights USA (U.S.), Dragons Breath Solar (U.K.), Philips Lighting Holding B.V.(the Netherlands), Omega Solar (India) and others are working to expand the market demand by investing in research and development activities.

Bridgelux is one of the leading developer and manufacturer of innovative LED solutions. Since 2002, we’ve designed solid-state lighting solutions that are high performance, energy efficient, cost effective and easy to integrate. In 2015, an investment group led by China Electronics Corporation (CEC) and Chongqing Linkong Development Investment Company acquired solid-state lighting startup Bridgelux.

Also, Solar Street Lights USA is a leading provider in the practical application of solar powered lights, grid-tie and off-grid installations and solutions. The company is a privately owned company with headquarters in Holland, Michigan. Its solar lights are comprised of solar electric power systems, light fixtures and structural components. .