Solar Street Lighting Market Research Report- Forecast 2030

Solar Street Lighting Market, By Type (Standalone, On Grid), By Product Type (Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED)), By Application (Residential, Commercial, Industrial), and By Regions - Forecast 2022-2030.

ID: MRFR/E&P/3907-HCR | February 2021 | Region: Global | 110 pages

Solar Street Lighting Market Overview:


Solar Street Lighting is the most essential facility for both urban and rural areas. As proper lighting in the streets can potentially prevent road accidents and is beneficial for pedestrians and drivers in many other ways. Conventional street lights run on electricity that is highly dependent on fossil fuels. Solar energy reduces power consumption while providing quality lighting. As the awareness concerning the benefits of solar energy is increasing, several countries have installed solar lights in residences, gardens, public places, and parks. The global Solar Street Lighting Market size is expected to surpass 21.02% by end of the year 2021.


The ongoing demand for cleaner and renewable energy with low maintenance costs and effortless setup has increased the demand for the Solar Street Lighting Market Growth. Additionally, the manufacturers are involved in extensive research to bring further development of solar technologies.


COVID 19 Analysis:


The pandemic has disturbed the supply chain and production line in the majority of the industries. However, the economic shock created by the COVID19 is taking lesser time to subside than expected. Concerning the Solar Street Lighting Market, the scarcity of raw materials is the primary issue. As China holds 95% of the global production of Solar Street Lights, other countries are highly dependent on China for Solar Street Light installation. As China had suffered majorly due to COVID 19 in the past few years, the production and supply chain has been interrupted severely and impacted the Solar Street Lighting Market growth.


Post-pandemic, the Solar Street Lighting Market appears to be promising in Asia-pacific and several other countries as they have been convinced by the benefits of Solar Street Lights over conventional street lights. A recent survey by the lighting industry shows that US manufacturers continue to work throughout the pandemic in some form or the other to cope up with the rising demand in the Solar Street Lighting Market Growth.


Market dynamics:


Market drivers:


The Solar Street light is considered as the most reliable growing technology by the market specialists. Especially they are highly beneficial in the regions that have good sunlight and are remote from the growing cities. As the transmission of electricity to these remote places is costlier, installing Solar Street lights is viewed as an exceptional solution. The utilization of smart solar lights makes them more attractive and is considered a key driver for the Solar Street Lighting market growth.


Traditional street lights are getting replaced by Solar street lights as the traditional street lights require regular maintenance. They consume more electricity and require frequent repair works. Hence the operational costs of the traditional street lights are much higher than Solar Street lights.


Solar Street lighting offers flexibility in adjusting the lighting schedule according to the demand for lighting, pedestrian frequency rise, and drop. This is considered as the key market driver in major developing countries. 


Market opportunities:


The development of infrastructure such as paving new roads and streets in several developing countries is considered as an opportunity for the Solar Street Lighting Industry. Also, it has been observed that there is a sharp decline in the prices of Solar Street Lights, over 50% reduction in price has attributed to the rapid rise in demand for the Solar Street Lighting Industry.


The Standalone Solar Street Lighting systems are registering a faster growth rate in recent years. Owing to its capability of operating without grid supply, it is capable of storing solar energy for a decent amount of time and convert it into electricity as per the demand. Hence governments of several countries prefer standalone systems for remote places. Developing countries like Bangladesh, Indonesia, India, Kenya, and Ethiopia are more likely to invest more in standalone systems.


Market restraints:


The initial installation costs of the Solar Street lights are higher, they are least preferred by small organizations or government officials. Owing to the costlier utilization of solar products, they are exposed to the risk of theft. These factors act as major market restraints for the Solar Street Lighting market growth.


The storage capacity of the battery is often considered as restraint, as their practical charging efficiency may drop down to 50% which in turn affects the lighting condition at night. Higher quality batteries that offer supreme storage are required to reduce the number of battery replacements.


Horizontal PV panels suffer issues of getting accumulated with Snow, dust, moisture which reduces or even stops energy production.


Market challenges:


The Solar Street Lighting systems require batteries and charge controllers that are costly pieces of equipment. Hence they are usually protected employing padlocks, the regular exposure of weather changes corrode these padlocks. This issue restricts the quality checks and battery replacements.


Despite its varied benefits, several developing countries are still unaware of the technology and hesitate to invest in the technology. This is considered the primary market challenge.


Cumulative growth analysis:


Solar Street Lighting Market was valued at USD 12.15 billion in 2020 and is expected to be worth over USD 48.31 Billion by 2027 registering a CAGR of 21.93% by 2027. Despite COVID 19 disruptions, the market growth appears to be promising. A few restraints such as lack of awareness and market incompetency have appeared as a sizeable challenge for the market growth. However, the novel launch of smart solar lights and LED light utilization in solar systems has stimulated the growth of the Solar Street Lighting market.


A government scheme named Prakash Path has initiated the idea of converting the conventional street lights of India to Solar Street Lights. The scheme relied on the idea of utilizing the LED Solar Street Lighting systems and save over 20,000 MW of power. Such government schemes and initiatives are considered as the key market drivers. In recent years, several favorable factors like a sharp decline in battery costs, continuous researches, and innovations are driving the market as expected.


Value chain analysis:


Based on regions, Asia Pacific is emerging as a key market player in recent years; it is expected to dominate the Solar Street Lighting market share very soon. As the population in the region is rapidly increasing, the region is investing in improving the infrastructure which increases the Solar Street Lighting Market demand. The recent innovations revolve around integrating the solar systems with greener energy sources which attract several manufacturers and governments of several countries that are aggressively looking for cost-effective energy production.


The Solar Street Lighting Market growth is supported by the increasing government initiatives and schemes and increased fund support from the private and public sectors. The industrial end-user is expected to surpass 800 thousand units by the year 2024, owing to the advent of technologies like advanced smart control networking, onsite electricity generation systems, and net-metering. Hence the Overall growth of the Solar Street Light market is expected to witness fast-paced growth as the experts claim that the installation of LED Solar Street Lights can reduce electricity consumption by 40%. Also, the maintenance costs of the Solar Street Light system requires 40% lesser than that of the conventional ones.


Segment overview:


Based on type:



  • Portable

  • Standalone

  • Centralized


By component:



  • Controller

  • Lamp

  • Compact fluorescent light

  • Sodium vapor

  • Lead-acid

  • Lithium-Ion

  • Battery


By application:



  • Parking Lot

  • Highway & Roadway

  • Airport Runway

  • Manufacturing Site

  • Airport Runway


Regional Analysis:


China is the biggest manufacturer of Solar Street Lighting systems. Over 92% of the Solar Street Lights are manufactured by China. China possesses cheap yet skilled laborers who are currently working for 3 USD/hour. They are also willing to work overtime, however, the labor costs in European and American countries range between 12- 15 USD per hour. Hence the country is capable of manufacturing high-quality Solar Street Lighting Systems over other countries.


Owing to the increased awareness concerning the benefits of Solar Street Lights, several governments of developing countries are initiating schemes and favorable regulations for the Solar Street Lighting market growth. The Indian government is currently focusing on developing smart cities that target to construct about 100 such cities by end of 2030. As Solar LEDs are potentially cost-effective solutions for street lightings, the demand for Solar LED systems is growing tremendously in India.


Competitive landscape:


As there are numerous attractive features available in the Solar Street Lighting systems, we can potentially expect new market players and huge investments made in the Solar Street Lighting industry.



  • Acuity Brands, Inc.

  • Bajaj Electricals Ltd.

  • Bridgelux, Inc.

  • Cooper Lighting, LLC

  • Dragons Breath Solar Ltd.

  • Jiangsu SOKOYO Solar Lighting Co., Ltd.

  • Signify Holding BV

  • Solektra International

  • Sunna Design SA

  • Urja Global Ltd


Recent developments:


Night motion sensors:


The Solar Street Lighting systems are capable of adopting new technologies which enhance the value of the lighting systems. Optimized battery management which is facilitated by the night motion sensors helps to optimize the operation of Solar Street Lighting systems. The brightness of the LED lights can be adjusted according to the demand. The system can be adjusted in a way to offer bright lighting during the first 5 hours of the night and then reduce the intensity of the lighting thereafter as the dawn approaches. This feature enables the system to be the most energy-efficient by its operation.


Smart Cloud Solar Street Lights:


A recent innovation of the smart cloud solar street lights enables remote control at a farther distance of the device with the help of smartphones or computers. The Smart cloud light is designed with a GPS module that protects the system from potential theft. The CCTV camera addition helps the officers to monitor the environment easily.


Report overview:


This report has covered:



  • Market overview

  • COVID 19 Analysis 

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis 

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


Segmentation Table:


Based on type:



  • Portable

  • Standalone

  • Centralized


By component:



  • Controller

  • Lamp

  • Compact fluorescent light

  • Sodium vapor

  • Lead-acid

  • Lithium-Ion

  • Battery


By application:



  • Parking Lot

  • Highway & Roadway

  • Airport Runway

  • Manufacturing Site

  • Airport Runway



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 48.31 Billion
  • 2030 : Significant value
  •   CAGR   12% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Product Type, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   VerySol Inc. (U.S.), Solar Street Lights USA (U.S.), Dragons Breath Solar (U.K.), Urja Global Ltd. (India), Solektra International LLC (U.S.), Bridgelux Inc. (U.S.), SOKOYO Solar Group (China), Sunna Design (France), Sol Inc.(U.S.), Philips Lighting Holding B.V.( the Netherlands), and Omega Solar (India)
      Key Market Opportunities

  • Reducing the environment pollution
  • Sustainability of solar radiant energy
  •   Key Market Drivers

  • Clean and renewable energy
  • Easy setup
  • Low cost of maintenance during its operation


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    Frequently Asked Questions (FAQ) :


    The solar panels draw the solar energy and then converted it from AC power to DC. This DC power gets stored in the battery.

    The capital costs are higher when compared to conventional street lights. The harsh weather might potentially damage the components. Horizontal PV panels are sensitive to snow, dust, or moisture accumulation.

    A solar panel that converts the solar energy to electricity. A lighting fixture and a rechargeable battery.

    Solar Street lights have sensors to sense the outdoor lights that enable them to optimize their operation. They can operate without sun for an extended period with the help of quality battery storage.