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India Solar Street Lighting Market
ID: MRFR/EnP/53956-HCR
200 Pages
June 2025
India 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
The India Solar Street Lighting Market has been witnessing significant advancements recently, characterized by a strong push towards renewable energy and sustainability. In August 2023, Tata Power Solar Systems received an order for solar street lights from various municipalities as part of the government's Smart City initiative. Crompton Greaves Consumer Electricals has also been expanding its product offerings in solar solutions, reinforcing its presence in the market. Schneider Electric launched its new range of solar street lighting systems in September 2023, emphasizing energy efficiency and smart technology integration. In terms of growth, the market valuation of Vikram Solar surged with increased investments in Research and Development for innovative solar technology. Notably, in July 2023, Mahindra Solar entered a strategic partnership with Jakson Group to strengthen its distribution network across India. Over the past two to three years, the Indian government has allocated substantial funds to support solar energy projects, fostering development in the sector. As a result, the solar street lighting market is becoming an increasingly competitive environment, with multiple players like Wipro Enterprises and Bajaj Electricals also augmenting their solar product lines to meet growing demand.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 107.58(USD Million) |
| MARKET SIZE 2024 | 123.7(USD Million) |
| MARKET SIZE 2035 | 884.85(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 19.587% (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 | Crompton Greaves Consumer Electricals, Schneider Electric, Tata Power Solar Systems, Renew Power, Mahindra Solar, SuKam Power Systems, Jakson Group, Wipro Enterprises, Bajaj Electricals, Adani Solar, Sunpower, Hero Future Energies, Luminous Power Technologies, Solektra International, Vikram Solar |
| SEGMENTS COVERED | Type, Product Type, Application |
| KEY MARKET OPPORTUNITIES | Rising government support initiatives, Increased urbanization and infrastructure development, Focus on renewable energy adoption, Technological advancements in solar products, Growing awareness of sustainable solutions |
| KEY MARKET DYNAMICS | growing urbanization, government initiatives, cost reduction, renewable energy adoption, technological advancements |
| COUNTRIES COVERED | India |
FAQs
What is the projected market size of the India Solar Street Lighting Market in 2024?
The India Solar Street Lighting Market is projected to be valued at 123.7 million USD in 2024.
What is the expected market size of the India Solar Street Lighting Market by 2035?
The market is expected to grow significantly, reaching an estimated value of 884.85 million USD by 2035.
What is the expected CAGR for the India Solar Street Lighting Market from 2025 to 2035?
The market is anticipated to grow at a CAGR of 19.587% from 2025 to 2035.
Which segment is expected to have a larger market value in 2035, Standalone or On Grid?
By 2035, the Standalone segment is expected to reach 324.0 million USD, while the On Grid segment is projected to reach 560.85 million USD.
Who are the major players in the India Solar Street Lighting Market?
Key players in the market include Crompton Greaves Consumer Electricals, Schneider Electric, Tata Power Solar Systems, and Renew Power among others.
What was the market value of the On Grid segment in 2024?
In 2024, the On Grid segment of the India Solar Street Lighting Market was valued at 78.7 million USD.
What is driving the growth of the India Solar Street Lighting Market?
The growth is driven by increased demand for renewable energy solutions and government initiatives supporting solar energy adoption.
What potential challenges does the India Solar Street Lighting Market face?
Challenges include competition from traditional street lighting and potential technological limitations in solar energy harnessing.
Are there any emerging trends in the India Solar Street Lighting Market?
Emerging trends include advancements in solar technology, integration with smart city initiatives, and the increasing use of IoT in street lighting.
How does regionality impact the India Solar Street Lighting Market?
Different regions in India are adopting solar street lighting at varying rates depending on local government policies and availability of solar resources.
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