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Brazil Solar Street Lighting Market
ID: MRFR/EnP/53959-HCR
200 Pages
June 2025
Brazil Solar Street Lighting Market Research Report: By Type (Standalone, On Grid), By Product Type (Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED)) and By Application (Residential, Commercial, Industrial) - Forecast to 2035
Industry Developments
Recent developments in the Brazil Solar Street Lighting Market reflect a robust growth trajectory and increased investments in renewable energy infrastructure. Companies such as GE Renewable Energy and Siemens are actively involved in large-scale projects focused on solar street lighting solutions, aligning with Brazil's commitment to sustainable urban development. In September 2023, Brazilian authorities announced a partnership with Solarpack for the installation of solar-powered street lighting in underserved communities, aiming to enhance safety and energy efficiency. Additionally, Philips Lighting continues to innovate within this sector, leveraging smart technologies for better urban management. There have been notable mergers and acquisitions as well; in August 2023, Risen Energy acquired a Brazilian solar firm to expand its footprint in the South American market. The market value is experiencing an uptrend due to escalating urbanization and the Brazilian government's initiatives to promote green energy, which have catalyzed growth for companies like Canadian Solar and LONGi Solar. Over the past two years, the focus on sustainability has intensified, with several cities implementing solar street lighting as part of their smart city projects, significantly contributing to the increase in market valuation and public acceptance of renewable technologies.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 53.79(USD Million) |
| MARKET SIZE 2024 | 61.85(USD Million) |
| MARKET SIZE 2035 | 227.97(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 12.591% (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 | GE Renewable Energy, IHS Markit, Siemens, SMA Solar Technology, Solarpack, Canadian Solar, LONGi Solar, Philips Lighting, Trina Solar, Risen Energy, Enel Green Power, Hanwha Q CELLS, Schneider Electric, JA Solar, ABB |
| SEGMENTS COVERED | Type, Product Type, Application |
| KEY MARKET OPPORTUNITIES | Growing demand for renewable energy, Government incentives for solar projects, Increased urbanization driving lighting needs, Technological advancements in solar efficiency, Cost reduction in solar equipment. |
| KEY MARKET DYNAMICS | growing renewable energy adoption, government incentives and subsidies, decreasing solar technology costs, increasing urbanization and infrastructure development, environmental sustainability concerns |
| COUNTRIES COVERED | Brazil |
FAQs
What is the expected market size of the Brazil Solar Street Lighting Market in 2024?
The Brazil Solar Street Lighting Market is expected to be valued at 61.85 million USD in 2024.
What is the projected market size for the Brazil Solar Street Lighting Market in 2035?
By 2035, the Brazil Solar Street Lighting Market is projected to reach a value of 227.97 million USD.
What is the expected compound annual growth rate (CAGR) for the Brazil Solar Street Lighting Market from 2025 to 2035?
The expected CAGR for the Brazil Solar Street Lighting Market from 2025 to 2035 is 12.591 percent.
Which segment of the Brazil Solar Street Lighting Market is anticipated to dominate by 2035?
By 2035, the Standalone segment is anticipated to be valued at 89.72 million USD, highlighting its dominance in the market.
What is the expected value of the On Grid segment in the Brazil Solar Street Lighting Market in 2024?
The On Grid segment of the Brazil Solar Street Lighting Market is expected to be valued at 37.11 million USD in 2024.
Who are the key players in the Brazil Solar Street Lighting Market?
Key players in the Brazil Solar Street Lighting Market include GE Renewable Energy, Siemens, Philips Lighting, and Trina Solar, among others.
What growth opportunities are expected in the Brazil Solar Street Lighting Market from 2025 to 2035?
The market is expected to witness growth opportunities driven by advancements in solar technology and increasing urbanization.
What challenges might affect the Brazil Solar Street Lighting Market's growth?
Challenges such as high initial investment and infrastructure development could affect the market's growth.
How does the regional landscape impact the Brazil Solar Street Lighting Market?
The regional landscape, particularly in urban areas, is driving demand for sustainable and energy-efficient street lighting solutions.
What is the anticipated market size of the Standalone segment in the Brazil Solar Street Lighting Market by 2035?
The Standalone segment is anticipated to reach a market size of 89.72 million USD by 2035.
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