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APAC Solar Street Lighting Market
ID: MRFR/EnP/53957-HCR
200 Pages
June 2025
APAC Solar Street Lighting Market Research Report: By Type (Standalone, On Grid), By Product Type (Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED)), By Application (Residential, Commercial, Industrial) andBy Regional (China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC)- Forecast to 2035
Industry Developments
The APAC Solar Street Lighting Market has seen significant developments in recent months, driven by an increasing emphasis on sustainable urban infrastructure. In September 2023, Signify announced the launch of a new solar-powered street lighting solution designed to enhance energy efficiency in cities across the region. Similarly, Havells India unveiled a range of solar street lights aimed at promoting renewable energy adoption among local municipalities. In August 2023, Schneider Electric's investment in smart solar street lighting technology highlighted the growing trend towards integrating IoT solutions in energy-efficient lighting systems. The market valuation for solar street lighting solutions in the APAC region is projected to reach USD 8 billion by 2025, owing to the rising demand for eco-friendly lighting options, which is impacting the growth of companies like Philips Lighting and LUXMAN. Furthermore, in June 2023, Greenshine New Energy entered into a strategic partnership to expand its market reach within the region, emphasizing collaborations as a vital strategy in this competitive landscape. The focus on reducing carbon footprints and enhancing urban mobility continues to steer developments in this market as municipalities increasingly prioritize sustainable practices.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 717.18(USD Million) |
| MARKET SIZE 2024 | 824.65(USD Million) |
| MARKET SIZE 2035 | 3063.26(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 12.67% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Signify, LUXMAN, Philips Lighting, Havells India, Ameon, SECAP, Schneider Electric, SuKam Power Systems, Enlighten, Greenshine New Energy, Solektra International, SolarOne Solutions, Sunna Design, Simply Solar, Ironridge |
| SEGMENTS COVERED | Type, Product Type, Application, Regional |
| KEY MARKET OPPORTUNITIES | Growing urbanization demands, Government incentives for renewable energy, Technological advancements in solar solutions, Rising environmental consciousness among consumers, Increased investment in smart city projects |
| KEY MARKET DYNAMICS | rising energy costs, government incentives, technological advancements, environmental sustainability, urbanization trends |
| COUNTRIES COVERED | China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC |
FAQs
What is the projected market size of the APAC Solar Street Lighting Market in 2024?
The APAC Solar Street Lighting Market is expected to be valued at 824.65 million USD in 2024.
What will be the market value of the APAC Solar Street Lighting Market in 2035?
By 2035, the market is projected to reach a value of 3063.26 million USD.
What is the expected CAGR for the APAC Solar Street Lighting Market from 2025 to 2035?
The expected compound annual growth rate for the market is 12.67% during the period from 2025 to 2035.
Which type of solar street lighting is projected to dominate the market by 2035?
The Standalone type is forecasted to grow to a value of 1325.0 million USD by 2035.
Which region is expected to lead the APAC Solar Street Lighting Market in 2035?
China is expected to be the leading region with a projected market value of 1726.0 million USD by 2035.
What is the projected market size for India in 2035?
India's market for solar street lighting is expected to reach approximately 1346.6 million USD by 2035.
Who are the key players in the APAC Solar Street Lighting Market?
Major players in the market include Signify, LUXMAN, Philips Lighting, Havells India, and Schneider Electric.
What market size is expected for on-grid solar street lighting by 2035?
The on-grid segment is anticipated to reach a value of around 1738.26 million USD by 2035.
How much will the solar street lighting market in Japan be valued by 2035?
Japan's solar street lighting market is projected to be valued at approximately 776.884 million USD by 2035.
What are the key growth drivers for the APAC Solar Street Lighting Market?
Increased urbanization and the growing need for sustainable energy solutions are significant growth drivers in the market.
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