China Solar Street Lighting Market
China 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
In recent months, the China Solar Street Lighting Market has seen several significant developments driven by advancements in technology and increasing governmental support for renewable energy projects. Companies like Yingli Green Energy and LONGi Green Energy have been expanding their product offerings, leading to enhanced energy efficiency and reduced costs for solar street lighting solutions. In September 2023, JinkoSolar announced a collaboration with local authorities to install solar street lights in rural areas, promoting sustainable urban development.The market has also witnessed increased activity in terms of mergers and acquisitions, although notable transactions involving the listed companies have not been publicly reported in the recent period. Additionally, the growth in the valuation of companies like Trina Solar and Canadian Solar reflects the rising demand for solar energy solutions in China's urban contexts. Recent government initiatives aiming for carbon neutrality by 2060 are expected to fuel further investment in solar infrastructure. Over the past two years, significant strides were made, with reports from 2022 highlighting a 20 percent growth in solar street light installations across various provinces. This trend underscores China's commitment to advancing its solar energy capabilities while addressing urban lighting needs.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 286.87(USD Million) |
| MARKET SIZE 2024 | 450.0(USD Million) |
| MARKET SIZE 2035 | 1800.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 13.431% (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 | Yingli Green Energy, Sunna Design, Solar LED Street Light, SMA Solar Technology, NEXTracker, Canadian Solar, LONGi Green Energy, Signify, Philips Lighting, Trina Solar, JinkoSolar, Greenage Technologies, Sokoyo, Hanwha Q CELLS |
| SEGMENTS COVERED | Type, Product Type, Application |
| KEY MARKET OPPORTUNITIES | Rising demand for renewable energy, Government incentives for solar projects, Urbanization driving infrastructure needs, Technological advancements in lighting, Cost reduction in solar components |
| KEY MARKET DYNAMICS | government incentives, increasing renewable energy demand, urbanization and infrastructure development, cost reduction in solar technology, sustainability regulations and policies |
| COUNTRIES COVERED | China |
FAQs
What is the projected market size of the China Solar Street Lighting Market in 2024?
The projected market size of the China Solar Street Lighting Market in 2024 is valued at 450.0 million USD.
What is the expected market size of the China Solar Street Lighting Market by 2035?
The expected market size of the China Solar Street Lighting Market by 2035 is estimated to reach 1800.0 million USD.
What is the compound annual growth rate (CAGR) for the China Solar Street Lighting Market from 2025 to 2035?
The compound annual growth rate (CAGR) for the China Solar Street Lighting Market from 2025 to 2035 is anticipated to be 13.431%.
Which segment of the China Solar Street Lighting Market is expected to dominate in 2024?
The On Grid segment is expected to dominate the China Solar Street Lighting Market in 2024 with a valuation of 270.0 million USD.
What is the forecasted market value for the Standalone segment in 2035?
The forecasted market value for the Standalone segment of the China Solar Street Lighting Market in 2035 is 720.0 million USD.
Who are the key players in the China Solar Street Lighting Market?
Key players in the China Solar Street Lighting Market include Yingli Green Energy, Sunna Design, and JinkoSolar among others.
What are the main growth drivers for the China Solar Street Lighting Market?
The main growth drivers for the China Solar Street Lighting Market include increasing demand for renewable energy and government initiatives promoting solar energy.
Which type of solar street lighting is expected to witness significant growth from 2025 to 2035?
The Standalone type of solar street lighting is expected to witness significant growth through 2025 to 2035.
What value is the On Grid segment expected to hold in 2035?
The On Grid segment is expected to hold a market value of 1080.0 million USD by 2035.
What challenges does the China Solar Street Lighting Market currently face?
Challenges currently faced by the China Solar Street Lighting Market include high initial installation costs and competition from alternative lighting technologies.
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