Solar Street Lighting - Global Strategic Business Report

The global market for Solar Street Lighting is estimated at US$7.2 Billion in 2023 and is projected to reach US$22.7 Billion by 2030, growing at a CAGR of 17.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the solar street lighting market is driven by several factors that reflect both technological advancements and broader societal trends. Increasing awareness about environmental sustainability and the need to reduce greenhouse gas emissions are significant drivers, as communities and governments seek to adopt greener infrastructure solutions. The declining cost of solar panels and energy storage systems has made solar street lighting more economically viable, spurring its adoption in both urban and rural areas. Government incentives and policies promoting renewable energy use further bolster market growth. Additionally, the demand for energy security and independence in remote and disaster-prone regions fuels the deployment of these systems. Urbanization and smart city initiatives also play a crucial role, as municipalities invest in modern, sustainable lighting solutions to enhance public safety and energy efficiency. These factors collectively ensure a robust and accelerating growth trajectory for the solar street lighting market, positioning it as a key component of sustainable urban development.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the LED Lighting segment, which is expected to reach US$19.0 Billion by 2030 with a CAGR of a 22.3%. The CFL Lighting segment is also set to grow at 5.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.0 Billion in 2023, and China, forecasted to grow at an impressive 21.5% CAGR to reach $6.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Solar Street Lighting Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Solar Street Lighting Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Solar Street Lighting Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Havells India Ltd., Bajaj Electricals Ltd., Bridgelux, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 69 Featured):

• Havells India Ltd.
• Bajaj Electricals Ltd.
• Bridgelux, Inc.
• Halonix Technologies Ltd.
• Orion Solar Pty Ltd.
• Clear Blue Technologies Inc.
• Kingsun Optoelectronic Co., Ltd.
• Dragons Breath Solar
• SEPCO Solar Electric Power Company
• COVIMED Group
• Omega Solar
• Nu Lighting Pty Ltd.
• Abacus Lighting Holdings Limited
• LIGMAN Lighting Co., Ltd.
• Koh Brothers Group Limited