This Solar Lighting System market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The solar lighting system market size has grown rapidly in recent years. It will grow from $8.16 billion in 2024 to $9.4 billion in 2025 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to increasing awareness of environmental issues, increasing energy costs, increasing availability of solar products, rise in urbanization, and rise in natural disasters.
The solar lighting system market size is expected to see rapid growth in the next few years. It will grow to $16.36 billion in 2029 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to rising demand for mobile solar lighting solutions, rising government incentives, increasing adoption of renewable energy, increasing demand for energy-efficient solutions, and expanding off-grid applications. Major trends in the forecast period include technological advancements, integration with internet of things, integration with smart technologies, hybrid solar lighting systems, and LED technology.
The growth of the solar lighting system market is set to be driven by the increasing adoption of renewable energy sources. These sources, such as solar, wind, and hydroelectric power, are naturally replenishable and can be continuously utilized without depletion. This shift is motivated by sustainability goals, rising public awareness, grid stability improvements, advancements in storage technologies, and supportive regulations. Solar lighting systems play a crucial role in this transition by directly converting solar energy into electricity for lighting, thereby reducing dependence on non-renewable energy sources. For example, between 2021 and 2022, the UK's low-carbon and renewable energy economy expanded by 28%, reaching £69.4 billion ($87.88 billion) in March 2024, according to the Office for National Statistics. As a result, the market for solar lighting systems is benefiting significantly from the increasing adoption of renewable energy sources.
Innovative solutions focused on minimizing environmental impact and enhancing sustainability are a priority for leading companies in the solar lighting system market. Eco-friendly lighting solutions, designed to minimize environmental harm throughout their lifecycle, are a key area of development. For instance, AGC Lighting introduced the ST57 solar LED street light in May 2023. This product integrates advanced solar technology with high-efficiency LED bulbs to provide sustainable illumination for urban and suburban areas. The ST57 is engineered for durability and energy efficiency, featuring a robust, weather-resistant design that ensures longevity in challenging outdoor conditions. Its intelligent lighting controls optimize energy usage, making it a cost-effective choice for municipalities and businesses seeking to reduce their carbon footprint.
In June 2024, Schréder, a Belgium-based outdoor lighting specialist, acquired Ligman Lighting USA Inc., a US-based manufacturer of outdoor and architectural solar lighting solutions. This strategic acquisition aims to enhance Schréder's product portfolio and expand its market presence, particularly in the urban decorative lighting sector.
Major companies operating in the solar lighting system market are Schneider Electric SE, Honeywell International Inc., Eaton Corporation plc, Philips Lighting Holding BV, Signify Holding BV, Havells India Limited, Exide Industries Limited, Cooper Lighting LLC, Jain Irrigation Systems Ltd., Halonix Technologies Pvt. Ltd., d.light Design Inc., Fonroche Lighting SAS, Azuri Technologies Ltd., Jakson Group, MicroEnergy Credits Corporation, Oorja Solar, FlexSol Solutions BV, Akshar Solar Energy Pvt. Ltd., Clear Blue Technologies Inc., Deepa Solar Systems Pvt. Ltd., Dragons Breath Solar Ltd., Solar EnergieTechnik Ltd., Jinhua SunMaster Solar Lighting Co. Ltd., Leadsun Power, OSRAM Licht AG, SBM-SolarTech GmbH.
Asia-Pacific was the largest region in the solar lighting system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar lighting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar lighting system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A solar lighting system utilizes solar energy to power light fixtures, serving as a sustainable lighting solution for outdoor applications such as garden lights, pathway illumination, street and security lighting, and rural electrification in areas lacking reliable grid electricity. Compared to traditional grid-powered systems, solar lighting systems are noted for their sustainability, relying on renewable solar energy to reduce electricity costs and minimize environmental impact.
Key products in the solar lighting system include solar lanterns, solar home systems, and solar street lights. Solar lanterns are portable, battery-operated devices that use solar energy for illumination, typically featuring a solar panel, battery, and LED or CFL light source. They offer a clean, renewable alternative to conventional lanterns. Various options are available, including hardware, software, and services, with lighting sources such as LEDs and CFLs suitable for diverse applications including commercial, highway and roadway, industrial, residential, and others.
The solar lighting system market research report is one of a series of new reports that provides solar lighting system market statistics, including solar lighting system industry global market size, regional shares, competitors with a solar lighting system market share, detailed solar lighting system market segments, market trends, and opportunities, and any further data you may need to thrive in the solar lighting system industry. This solar lighting system research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The solar lighting system market consists of sales of solar-powered street lights, garden lights, home lighting kits, portable solar lanterns, and solar-powered floodlights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The solar lighting system market size has grown rapidly in recent years. It will grow from $8.16 billion in 2024 to $9.4 billion in 2025 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to increasing awareness of environmental issues, increasing energy costs, increasing availability of solar products, rise in urbanization, and rise in natural disasters.
The solar lighting system market size is expected to see rapid growth in the next few years. It will grow to $16.36 billion in 2029 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to rising demand for mobile solar lighting solutions, rising government incentives, increasing adoption of renewable energy, increasing demand for energy-efficient solutions, and expanding off-grid applications. Major trends in the forecast period include technological advancements, integration with internet of things, integration with smart technologies, hybrid solar lighting systems, and LED technology.
The growth of the solar lighting system market is set to be driven by the increasing adoption of renewable energy sources. These sources, such as solar, wind, and hydroelectric power, are naturally replenishable and can be continuously utilized without depletion. This shift is motivated by sustainability goals, rising public awareness, grid stability improvements, advancements in storage technologies, and supportive regulations. Solar lighting systems play a crucial role in this transition by directly converting solar energy into electricity for lighting, thereby reducing dependence on non-renewable energy sources. For example, between 2021 and 2022, the UK's low-carbon and renewable energy economy expanded by 28%, reaching £69.4 billion ($87.88 billion) in March 2024, according to the Office for National Statistics. As a result, the market for solar lighting systems is benefiting significantly from the increasing adoption of renewable energy sources.
Innovative solutions focused on minimizing environmental impact and enhancing sustainability are a priority for leading companies in the solar lighting system market. Eco-friendly lighting solutions, designed to minimize environmental harm throughout their lifecycle, are a key area of development. For instance, AGC Lighting introduced the ST57 solar LED street light in May 2023. This product integrates advanced solar technology with high-efficiency LED bulbs to provide sustainable illumination for urban and suburban areas. The ST57 is engineered for durability and energy efficiency, featuring a robust, weather-resistant design that ensures longevity in challenging outdoor conditions. Its intelligent lighting controls optimize energy usage, making it a cost-effective choice for municipalities and businesses seeking to reduce their carbon footprint.
In June 2024, Schréder, a Belgium-based outdoor lighting specialist, acquired Ligman Lighting USA Inc., a US-based manufacturer of outdoor and architectural solar lighting solutions. This strategic acquisition aims to enhance Schréder's product portfolio and expand its market presence, particularly in the urban decorative lighting sector.
Major companies operating in the solar lighting system market are Schneider Electric SE, Honeywell International Inc., Eaton Corporation plc, Philips Lighting Holding BV, Signify Holding BV, Havells India Limited, Exide Industries Limited, Cooper Lighting LLC, Jain Irrigation Systems Ltd., Halonix Technologies Pvt. Ltd., d.light Design Inc., Fonroche Lighting SAS, Azuri Technologies Ltd., Jakson Group, MicroEnergy Credits Corporation, Oorja Solar, FlexSol Solutions BV, Akshar Solar Energy Pvt. Ltd., Clear Blue Technologies Inc., Deepa Solar Systems Pvt. Ltd., Dragons Breath Solar Ltd., Solar EnergieTechnik Ltd., Jinhua SunMaster Solar Lighting Co. Ltd., Leadsun Power, OSRAM Licht AG, SBM-SolarTech GmbH.
Asia-Pacific was the largest region in the solar lighting system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solar lighting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar lighting system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A solar lighting system utilizes solar energy to power light fixtures, serving as a sustainable lighting solution for outdoor applications such as garden lights, pathway illumination, street and security lighting, and rural electrification in areas lacking reliable grid electricity. Compared to traditional grid-powered systems, solar lighting systems are noted for their sustainability, relying on renewable solar energy to reduce electricity costs and minimize environmental impact.
Key products in the solar lighting system include solar lanterns, solar home systems, and solar street lights. Solar lanterns are portable, battery-operated devices that use solar energy for illumination, typically featuring a solar panel, battery, and LED or CFL light source. They offer a clean, renewable alternative to conventional lanterns. Various options are available, including hardware, software, and services, with lighting sources such as LEDs and CFLs suitable for diverse applications including commercial, highway and roadway, industrial, residential, and others.
The solar lighting system market research report is one of a series of new reports that provides solar lighting system market statistics, including solar lighting system industry global market size, regional shares, competitors with a solar lighting system market share, detailed solar lighting system market segments, market trends, and opportunities, and any further data you may need to thrive in the solar lighting system industry. This solar lighting system research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The solar lighting system market consists of sales of solar-powered street lights, garden lights, home lighting kits, portable solar lanterns, and solar-powered floodlights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Solar Lighting System Market Characteristics3. Solar Lighting System Market Trends and Strategies4. Solar Lighting System Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Solar Lighting System Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Solar Lighting System Market34. Recent Developments in the Solar Lighting System Market
5. Global Solar Lighting System Growth Analysis and Strategic Analysis Framework
6. Solar Lighting System Market Segmentation
7. Solar Lighting System Market Regional and Country Analysis
8. Asia-Pacific Solar Lighting System Market
9. China Solar Lighting System Market
10. India Solar Lighting System Market
11. Japan Solar Lighting System Market
12. Australia Solar Lighting System Market
13. Indonesia Solar Lighting System Market
14. South Korea Solar Lighting System Market
15. Western Europe Solar Lighting System Market
16. UK Solar Lighting System Market
17. Germany Solar Lighting System Market
18. France Solar Lighting System Market
19. Italy Solar Lighting System Market
20. Spain Solar Lighting System Market
21. Eastern Europe Solar Lighting System Market
22. Russia Solar Lighting System Market
23. North America Solar Lighting System Market
24. USA Solar Lighting System Market
25. Canada Solar Lighting System Market
26. South America Solar Lighting System Market
27. Brazil Solar Lighting System Market
28. Middle East Solar Lighting System Market
29. Africa Solar Lighting System Market
30. Solar Lighting System Market Competitive Landscape and Company Profiles
31. Solar Lighting System Market Other Major and Innovative Companies
35. Solar Lighting System Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Solar Lighting System Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on solar lighting system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for solar lighting system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solar lighting system market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Solar Lanterns; Solar Home Systems; Solar Street Lights2) By Offering: Hardware; Software and Services
3) By Lighting Source: Light Emitting Diode (LED) Lights; Compact Fluorescent Lamps (CFLs)
4) By Application: Commercial; Highways and Roadways; Industrial; Residential; Other Applications
Subsegments:
1) By Solar Lanterns: Portable Solar Lanterns; Rechargeable Solar Lanterns; Solar Lanterns with USB Charging2) By Solar Home Systems: Small Solar Home Systems (SHS); Medium Solar Home Systems (SHS); Large Solar Home Systems (SHS)
3) By Solar Street Lights: Integrated Solar Street Lights; Semi-integrated Solar Street Lights; Pole-mounted Solar Street Lights
Key Companies Mentioned: Schneider Electric SE; Honeywell International Inc.; Eaton Corporation plc; Philips Lighting Holding BV; Signify Holding BV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Solar Lighting System market report include:- Schneider Electric SE
- Honeywell International Inc.
- Eaton Corporation plc
- Philips Lighting Holding BV
- Signify Holding BV
- Havells India Limited
- Exide Industries Limited
- Cooper Lighting LLC
- Jain Irrigation Systems Ltd.
- Halonix Technologies Pvt. Ltd.
- d.light Design Inc.
- Fonroche Lighting SAS
- Azuri Technologies Ltd.
- Jakson Group
- MicroEnergy Credits Corporation
- Oorja Solar
- FlexSol Solutions BV
- Akshar Solar Energy Pvt. Ltd.
- Clear Blue Technologies Inc.
- Deepa Solar Systems Pvt. Ltd.
- Dragons Breath Solar Ltd.
- Solar EnergieTechnik Ltd.
- Jinhua SunMaster Solar Lighting Co. Ltd.
- Leadsun Power
- OSRAM Licht AG
- SBM-SolarTech GmbH
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 9.4 Billion |
Forecasted Market Value ( USD | $ 16.36 Billion |
Compound Annual Growth Rate | 14.9% |
Regions Covered | Global |
No. of Companies Mentioned | 27 |