Solar Street Lighting Market

By Type;

Standalone and On-Grid

By Product Type;

Compact Fluorescent Lamps (CFL) and Light Emitting Diode (LED)

By Application;

Residential, Commercial and Industrial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn570524395 Published Date: September, 2025 Updated Date: October, 2025

Solar Street Lighting Market Overview

Solar Street Lighting Market (USD Million)

Solar Street Lighting Market was valued at USD 8,716.89 million in the year 2024. The size of this market is expected to increase to USD 25,236.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 16.4%.


Solar Street Lighting Market

*Market size in USD million

CAGR 16.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)16.4 %
Market Size (2024)USD 8,716.89 Million
Market Size (2031)USD 25,236.70 Million
Market ConcentrationLow
Report Pages378
8,716.89
2024
25,236.70
2031

Major Players

  • VerySol GmbH
  • Philips Lighting Holding B.V
  • Bridgelux Inc
  • Dragons Breath Solar
  • Bajaj Electricals And Zumtobel AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Solar Street Lighting Market

Fragmented - Highly competitive market without dominant players


The Solar Street Lighting Market continues to expand as demand for sustainable, energy-saving infrastructure rises. Adoption has increased by nearly 45%, with solutions combining solar panels, batteries, and LED lighting to deliver cost-effective and reliable outdoor illumination.

Growing Demand for Energy Efficiency
The focus on energy-efficient systems has boosted deployment, with almost 40% of projects adopting solar lighting to minimize power consumption and operational costs. These solutions reduce wiring complexities, simplify installation, and ensure long-term savings.

Technological Innovations Driving Adoption
Integration of IoT technologies, advanced batteries, and smart sensors has strengthened the market. Around 50% of solar lighting systems now feature adaptive brightness and remote monitoring, supporting optimized performance while extending service life.

Future Outlook & Market Potential
Ongoing innovations in solar PV efficiency, battery advancements, and automation tools are expected to enhance growth. Close to 60% of industry stakeholders are planning higher investments, signaling strong opportunities for widespread adoption and technological progress.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot,By Application
    4. Market Snapshot, By Region
  4. Solar Street Lighting Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency and Sustainability
        2. Technological Advancements
        3. Government Initiatives and Policies
      2. Restraints
        1. Initial Investment and Financing Challenges
        2. Reliability and Maintenance Concerns
        3. Limited Technical Expertise and Awareness
        4. Aesthetic and Design Considerations
      3. Opportunities
        1. Urbanization and Infrastructure Development
        2. Smart City Initiatives
        3. Public-Private Partnerships (PPPs)
        4. Market Expansion in Rural and Off-Grid Areas
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Solar Street Lighting Market, By Type, 2021 - 2031 (USD Million)
      1. Standalone
      2. On-Grid
    2. Solar Street Lighting Market, By Product Type, 2021 - 2031 (USD Million)
      1. Compact Fluorescent Lamps (CFL)
      2. Light Emitting Diode (LED)
    3. Solar Street Lighting Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
    4. Solar Street Lighting Market, By Geography, 2021- 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Philips Lighting (Signify)
      2. Bajaj Electricals
      3. VerySol GmbH / VerySol Inc.
      4. Bridgelux Inc.
      5. Omega Solar
      6. Greenshine New Energy
      7. Sunna Design SA
      8. Solar Street Lights USA
      9. Dragons Breath Solar
      10. ENGOPLANET Energy Solutions
      11. Zhejiang GBF / local Chinese manufacturers
      12. Kon Lighting
      13. Zumtobel Group
      14. BISOL Group
      15. Anhui Longvolt Energy
  7. Analyst Views
  8. Future Outlook of the Market