Solar Street Lighting Market By Type (Standalone, Hybrid, Smart, Modular, Others) , By Application (Residential, Commercial, Industrial) : Global Opportunity Analysis and Industry Forecast, 2024-2033

August 2024 | 350 pages | ID: S1DB9CC379DDEN
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The solar street lighting market was valued at $4.1 billion in 2023, and is projected to reach $11.1 billion by 2033, growing at a CAGR of 10.5% from 2024 to 2033.

Solar street lighting refers to the use of solar-powered systems to illuminate outdoor public spaces such as roads, pathways and parking areas. These systems consist of solar panels, batteries, LED lights, and intelligent controllers. Solar street lights harness energy from the sun during the day, storing it in batteries for use at night. They provide a sustainable and energy-efficient alternative to traditional grid-powered street lighting, contributing to reduced carbon emissions and electricity costs.

The growth of the global solar street lighting market is driven by increase in global awareness about energy conservation and the need to reduce energy consumption. According to a study published by the the International Energy Agency in 2021, the global transition toward energy-efficient solutions is projected to reduce overall energy consumption by 30% in public lighting by 2030, as cities focus on reducing power consumption and carbon emissions through technologies like LED-based solar street lighting systems. Furthermore, increase in installation of solar street lighting reduces greenhouse gas emissions, which supports the transition to cleaner energy and aligns with global sustainability goals, thus contributing toward the growth of the global market. Solar street lighting systems can reduce carbon emissions by approximately 60% compared to conventional lighting. In 2022, the United Nations Environment Programme claimed that every solar street light saves around 1 ton of carbon emissions over 10 years, supporting climate action efforts globally. In addition, rise in trend of smart cities has augmented the demand for energy-efficient and renewable lighting systems such as solar street lights to enhance urban infrastructure. However, higher installation cost as compared to conventional street lights significantly hampers the growth of the global market. In addition, lack of awareness and dearth of technical expertise to install and maintain solar street lighting systems act as the key deterrent factors of the market. On the contrary, improvements in battery storage capabilities have ensured better energy retention and reliability of solar street lights, thus enhancing their performance in various weather conditions. Such developments are expected to offer lucrative opportunities for the expansion of the global market during the forecast period.

The global solar street lighting market is segmented into type, application, and region. By type, the market is classified into standalone, hybrid, smart, modular, and others. Depending on application, it is segregated into residential, commercial, and industrial. Region wise, the market is studied across areas such as North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By type, the standalone segment is expected to maintain its lead position from 2024 to 2033.

Depending on application, the commercial segment is anticipated to dominate the solar street lighting market during the forecast period.

Region wise, Asia-Pacific is projected to emerge as the most potential market for solar street lighting in the near future.

Competition Analysis

Competitive analysis and profiles of the major players in the global solar street lighting market include Shenzhen Luxman Light Co., Ltd., Shenzhen Clode Optoelectronic Co., Ltd., Fonroche Lighting America, Inc., Shenzhen Moonlight Technology Co., Ltd, Gemma Lighting, Wolta Power System, Amrut Energy Pvt ltd, Guangzhou Anern Energy Technology Co., Ltd., Hangzhou Hpwinner Opto Corporation, and Shenzhen KYD Light Co., Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.

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  • Manufacturing Capacity
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  • Patient/epidemiology data at country, region, global level
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  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
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  • Expanded list for Company Profiles
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Key Market Segments

By Type
  • Standalone
  • Hybrid
  • Smart
  • Modular
  • Others
By Application
  • Residential
  • Commercial
  • Industrial
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
  • Key Market Players
  • Shenzhen Luxman Light Co., Ltd.
  • Shenzhen Clode Optoelectronic Co., Ltd
  • Fonroche Lighting America, Inc.
  • Shenzhen Moonlight Technology Co., Ltd
  • Gemma Lighting
  • Wolta Power System
  • Amrut Energy Pvt ltd
  • Guangzhou Anern Energy Technology Co., Ltd.
  • Hangzhou Hpwinner Opto Corporation
  • Shenzhen KYD Light Co., Ltd
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: SOLAR STREET LIGHTING MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Standalone
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Hybrid
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Smart
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. Modular
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country
4.6. Others
  4.6.1. Key Market Trends, Growth Factors and Opportunities
  4.6.2. Market Size and Forecast, By Region
  4.6.3. Market Share Analysis, By Country

CHAPTER 5: SOLAR STREET LIGHTING MARKET, BY APPLICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Application
5.2. Residential
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Commercial
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Industrial
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: SOLAR STREET LIGHTING MARKET, BY REGION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Region
6.2. North America
  6.2.1. Key Market Trends and Opportunities
  6.2.2. Market Size and Forecast, By Type
  6.2.3. Market Size and Forecast, By Application
  6.2.4. Market Size and Forecast, By Country
  6.2.5. U.S. Solar Street Lighting Market
    6.2.5.1. Market Size and Forecast, By Type
    6.2.5.2. Market Size and Forecast, By Application
  6.2.6. Canada Solar Street Lighting Market
    6.2.6.1. Market Size and Forecast, By Type
    6.2.6.2. Market Size and Forecast, By Application
  6.2.7. Mexico Solar Street Lighting Market
    6.2.7.1. Market Size and Forecast, By Type
    6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
  6.3.1. Key Market Trends and Opportunities
  6.3.2. Market Size and Forecast, By Type
  6.3.3. Market Size and Forecast, By Application
  6.3.4. Market Size and Forecast, By Country
  6.3.5. France Solar Street Lighting Market
    6.3.5.1. Market Size and Forecast, By Type
    6.3.5.2. Market Size and Forecast, By Application
  6.3.6. UK Solar Street Lighting Market
    6.3.6.1. Market Size and Forecast, By Type
    6.3.6.2. Market Size and Forecast, By Application
  6.3.7. France Solar Street Lighting Market
    6.3.7.1. Market Size and Forecast, By Type
    6.3.7.2. Market Size and Forecast, By Application
  6.3.8. Spain Solar Street Lighting Market
    6.3.8.1. Market Size and Forecast, By Type
    6.3.8.2. Market Size and Forecast, By Application
  6.3.9. Italy Solar Street Lighting Market
    6.3.9.1. Market Size and Forecast, By Type
    6.3.9.2. Market Size and Forecast, By Application
  6.3.10. Rest Of Europe Solar Street Lighting Market
    6.3.10.1. Market Size and Forecast, By Type
    6.3.10.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
  6.4.1. Key Market Trends and Opportunities
  6.4.2. Market Size and Forecast, By Type
  6.4.3. Market Size and Forecast, By Application
  6.4.4. Market Size and Forecast, By Country
  6.4.5. China Solar Street Lighting Market
    6.4.5.1. Market Size and Forecast, By Type
    6.4.5.2. Market Size and Forecast, By Application
  6.4.6. India Solar Street Lighting Market
    6.4.6.1. Market Size and Forecast, By Type
    6.4.6.2. Market Size and Forecast, By Application
  6.4.7. Japan Solar Street Lighting Market
    6.4.7.1. Market Size and Forecast, By Type
    6.4.7.2. Market Size and Forecast, By Application
  6.4.8. South Korea Solar Street Lighting Market
    6.4.8.1. Market Size and Forecast, By Type
    6.4.8.2. Market Size and Forecast, By Application
  6.4.9. Australia Solar Street Lighting Market
    6.4.9.1. Market Size and Forecast, By Type
    6.4.9.2. Market Size and Forecast, By Application
  6.4.10. Rest of Asia-Pacific Solar Street Lighting Market
    6.4.10.1. Market Size and Forecast, By Type
    6.4.10.2. Market Size and Forecast, By Application
6.5. LAMEA
  6.5.1. Key Market Trends and Opportunities
  6.5.2. Market Size and Forecast, By Type
  6.5.3. Market Size and Forecast, By Application
  6.5.4. Market Size and Forecast, By Country
  6.5.5. Brazil Solar Street Lighting Market
    6.5.5.1. Market Size and Forecast, By Type
    6.5.5.2. Market Size and Forecast, By Application
  6.5.6. Saudi Arabia Solar Street Lighting Market
    6.5.6.1. Market Size and Forecast, By Type
    6.5.6.2. Market Size and Forecast, By Application
  6.5.7. South Africa Solar Street Lighting Market
    6.5.7.1. Market Size and Forecast, By Type
    6.5.7.2. Market Size and Forecast, By Application
  6.5.8. Rest of LAMEA Solar Street Lighting Market
    6.5.8.1. Market Size and Forecast, By Type
    6.5.8.2. Market Size and Forecast, By Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping Of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. Shenzhen Luxman Light Co., Ltd.
  8.1.1. Company Overview
  8.1.2. Key Executives
  8.1.3. Company Snapshot
  8.1.4. Operating Business Segments
  8.1.5. Product Portfolio
  8.1.6. Business Performance
  8.1.7. Key Strategic Moves and Developments
8.2. Shenzhen Clode Optoelectronic Co., Ltd
  8.2.1. Company Overview
  8.2.2. Key Executives
  8.2.3. Company Snapshot
  8.2.4. Operating Business Segments
  8.2.5. Product Portfolio
  8.2.6. Business Performance
  8.2.7. Key Strategic Moves and Developments
8.3. Fonroche Lighting America, Inc.
  8.3.1. Company Overview
  8.3.2. Key Executives
  8.3.3. Company Snapshot
  8.3.4. Operating Business Segments
  8.3.5. Product Portfolio
  8.3.6. Business Performance
  8.3.7. Key Strategic Moves and Developments
8.4. Shenzhen Moonlight Technology Co., Ltd
  8.4.1. Company Overview
  8.4.2. Key Executives
  8.4.3. Company Snapshot
  8.4.4. Operating Business Segments
  8.4.5. Product Portfolio
  8.4.6. Business Performance
  8.4.7. Key Strategic Moves and Developments
8.5. Gemma Lighting
  8.5.1. Company Overview
  8.5.2. Key Executives
  8.5.3. Company Snapshot
  8.5.4. Operating Business Segments
  8.5.5. Product Portfolio
  8.5.6. Business Performance
  8.5.7. Key Strategic Moves and Developments
8.6. Wolta Power System
  8.6.1. Company Overview
  8.6.2. Key Executives
  8.6.3. Company Snapshot
  8.6.4. Operating Business Segments
  8.6.5. Product Portfolio
  8.6.6. Business Performance
  8.6.7. Key Strategic Moves and Developments
8.7. Amrut Energy Pvt Ltd
  8.7.1. Company Overview
  8.7.2. Key Executives
  8.7.3. Company Snapshot
  8.7.4. Operating Business Segments
  8.7.5. Product Portfolio
  8.7.6. Business Performance
  8.7.7. Key Strategic Moves and Developments
8.8. Guangzhou Anern Energy Technology Co., Ltd.
  8.8.1. Company Overview
  8.8.2. Key Executives
  8.8.3. Company Snapshot
  8.8.4. Operating Business Segments
  8.8.5. Product Portfolio
  8.8.6. Business Performance
  8.8.7. Key Strategic Moves and Developments
8.9. Hangzhou Hpwinner Opto Corporation
  8.9.1. Company Overview
  8.9.2. Key Executives
  8.9.3. Company Snapshot
  8.9.4. Operating Business Segments
  8.9.5. Product Portfolio
  8.9.6. Business Performance
  8.9.7. Key Strategic Moves and Developments
8.10. Shenzhen KYD Light Co., Ltd
  8.10.1. Company Overview
  8.10.2. Key Executives
  8.10.3. Company Snapshot
  8.10.4. Operating Business Segments
  8.10.5. Product Portfolio
  8.10.6. Business Performance
  8.10.7. Key Strategic Moves and Developments


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