세계의 솔라 가로등 시장 : 유형별, 구성부품별, 용도별, 지역별 - 시장 규모, 산업 동향, 기회 분석 및 예측(2025-2033년)

The solar street lighting market experienced remarkable growth in 2024, setting the stage for a significant surge in revenue over the coming years. From a valuation of US$5.69 billion in 2024, the market is projected to expand significantly to reach an estimated US$23.59 billion by 2033. This represents a robust compound annual growth rate (CAGR) of 17.12% throughout the forecast period from 2025 to 2033. Several key factors are driving this impressive expansion. The increasing global emphasis on renewable energy sources is fueling demand for solar-powered solutions that reduce reliance on conventional electricity grids and promote sustainability.

Rapid urbanization worldwide is also contributing to the need for efficient and reliable public lighting systems, particularly in expanding metropolitan and suburban areas. Furthermore, governments across various regions are implementing supportive policies, including subsidies, tax incentives, and streamlined regulatory frameworks, all designed to accelerate the adoption of solar street lighting technologies. Technological advancements have also played a crucial role, with the development of more cost-effective and durable LED lights and battery systems that enhance the performance and lifespan of solar street lighting installations.

Noteworthy Market Developments

The competitive landscape of the solar street lighting market features major industry players, such as Signify N.V., Eaton Corporation, and Schneider Electric. Each company employs a combination of acquisitions, strategic partnerships, and continuous innovation to maintain and expand its market positions. Signify Holding BV, formerly known as Philips Lighting, stands out as the largest lighting corporation globally, renowned for its comprehensive product portfolio and forward-thinking approach in the solar street lighting sector. With a widespread operational footprint spanning over 70 countries, Signify has established a strong presence across Africa, Asia, Europe, and North America.

A significant recent development illustrating strategic collaboration in the industry took place in August 2025 when Dixon Technologies (India) Limited announced the successful completion of a joint venture with Signify Innovations India Limited. This partnership led to the creation of Lightanium Technologies Private Limited, a 50:50 joint venture focused on the original equipment manufacturer (OEM) business for lighting products and accessories. This alliance represents a major milestone in the LED lighting industry, combining the strengths and expertise of both companies to drive innovation and expand their reach in the solar street lighting market.

Core Growth Drivers

Governments worldwide are increasingly recognizing solar street lighting as a strategic tool to provide reliable illumination in remote areas while simultaneously reducing dependence on traditional power grids. This growing appreciation has become a significant driver of market expansion. To encourage the adoption of solar lighting solutions, numerous countries have introduced new policy frameworks that offer a variety of incentives such as tax exemptions, subsidized loans, and simplified approval procedures specifically designed to support off-grid lighting projects. These supportive policies reflect a broader commitment to sustainability and energy efficiency, with many governments setting ambitious targets for solar energy integration. For example, Malaysia has established a goal to have 30% of its municipal lighting powered by solar energy by 2030, demonstrating a forward-looking approach to urban infrastructure development. Last year, over 60 national development plans incorporated dedicated funding for off-grid illumination, signaling a clear shift in priorities towards renewable energy solutions at the official level.

Emerging Opportunity Trends

A notable emerging trend in the solar street lighting market is the integration of solar-powered LED systems with advanced digital intelligence. These lighting setups are increasingly equipped with wireless sensors that continuously monitor and transmit critical data such as performance metrics, voltage levels, and real-time illumination status to centralized control dashboards. This technological advancement allows for more effective and proactive management of street lighting systems. In 2023, leading manufacturers launched over 20 new product lines that incorporate remote monitoring modules, reflecting the growing demand for smart lighting solutions. Additionally, ten major metropolitan areas around the world announced comprehensive upgrades to their existing streetlight infrastructure, replacing traditional lamps with intelligent systems capable of self-diagnosing faults before outages occur.

Barriers to Optimization

One of the most pressing challenges facing the solar street lighting market is the lack of adequate financing options for municipalities and small communities with limited budgets. While large-scale government programs offer hope and support at a national level, these initiatives often do not effectively reach local administrations struggling to secure the necessary funds for solar lighting projects. Over the past year, this financing gap has resulted in more than 700 city districts globally being unable to finalize contracts for solar street lighting installations due to insufficient credit availability. Small-scale lenders, in particular, remain hesitant to provide capital for off-grid lighting projects because of concerns over uncertain repayment schedules and the perceived risks involved.

Detailed Market Segmentation

By Application

• Highways and roadways have become key focus areas in the solar street lighting market due to the critical need for reliable nighttime visibility and the desire to lower operational expenses. This segment has therefore secured a commanding market share of over 37.0%, reflecting its importance and widespread adoption. By 2023, more than 15,000 kilometers of roads around the world were illuminated exclusively using solar-powered lighting fixtures. This milestone highlights the increasing trust and acceptance of solar lighting technology among transportation authorities globally. Governments in regions such as the Middle East and Southeast Asia have played a pivotal role in this growth by launching significant initiatives aimed at expanding solar street lighting installations along major highways.

By Component

• Solar panels have become the most vital and revenue-generating component within the solar street lighting market, capturing over 34.0% of the market share. This dominant position is largely due to their essential role in converting sunlight into electrical energy, which forms the foundation of solar-powered lighting systems. The rapid advancements in photovoltaic technology have significantly enhanced the efficiency and power output of these panels. Today, many solar panels are capable of delivering power outputs exceeding 200 watts, making them well-suited for large-scale street illumination projects that demand a reliable and substantial energy supply.

Segment Breakdown

By Type

• Portable
• Standalone
• Centralized
• Others

By Component:

• Controller
• Lamp
• Compact fluorescent light (CFL)
• Light-emitting diode (LED)
• Metal halide
• Sodium vapor
• Others
• Solar Panel
• Sensors
• Night & Motion Sensors
• Passive Infrared (PIR) Sensors
• Battery
• Lead-acid
• Lithium-Ion
• Others

By Application

• Parking Lot
• Highway and Roadway
• Airport Runway
• Manufacturing Site
• Playgrounds
• Garden
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• The UK
• Germany
• France
• Italy
• Spain
• Poland
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America

Geography Breakdown

• The Asia Pacific region has firmly established itself as the largest producer and consumer in the solar street lighting market, driven by a range of influential factors. In 2022, manufacturing facilities across the region demonstrated impressive capacity, producing as many as 5 million solar street lighting units annually. This substantial production capability is supported by a robust network of over 20 major solar panel suppliers operating plants throughout East and Southeast Asia, which helps maintain a reliable supply chain for critical photovoltaic components. China plays a particularly significant role in this dynamic landscape, having exported solar lighting products valued at more than US$ 2.1 billion in the past year alone.
• Meanwhile, India has made considerable investments amounting to approximately US$ 450 million to incentivize local solar street lighting initiatives, resulting in a rapid increase in installations across various states. Malaysia is also contributing to the region's growth, with 30 new manufacturing lines established since 2021 that focus specifically on cutting-edge battery and controller technologies, further enhancing the sophistication and efficiency of solar street lighting solutions produced in the area.

Leading Market Participants

• Acuity Brands, Inc.
• Bajaj Electricals Ltd.
• Bridgelux Inc.
• Cooper Lighting,
• Dragons Breath Solar
• Jiangsu SOKOYO Solar Lighting Co., Ltd.
• Omega Solar
• Philips Lighting Holding B.V.
• Signify Holding BV
• Sol Inc.
• Solar Street Lights USA
• Solektra International LLC
• Sunna Design
• Urja Global Ltd.
• VerySol Inc.
• Other Prominent Players

Table of Content

Chapter 1. Research Framework

• 1.1 Research Objective
• 1.2 Product Overview
• 1.3 Market Segmentation

Chapter 2. Research Methodology

• 2.1 Qualitative Research
  • 2.1.1 Primary & Secondary Sources
• 2.2 Quantitative Research
  • 2.2.1 Primary & Secondary Sources
• 2.3 Breakdown of Primary Research Respondents, By Region
• 2.4 Assumption for the Study
• 2.5 Market Size Estimation
• 2.6. Data Triangulation

Chapter 3. Executive Summary: Global Solar Street Lighting Market

Chapter 4. Global Solar Street Lighting Market Overview

• 4.1. Industry Value Chain Analysis
  • 4.1.1. Raw Material Provider
  • 4.1.2. Manufacturer
  • 4.1.3. Distributor
  • 4.1.4. End Users
• 4.2. Industry Outlook
  • 4.2.1. Comparison between Solar Street and Tradition Street lights
• 4.3. PEST Analysis
• 4.4. Porter's Five Forces Analysis
  • 4.4.1. Bargaining Power of Suppliers
  • 4.4.2. Bargaining Power of Buyers
  • 4.4.3. Threat of Substitutes
  • 4.4.4. Threat of New Entrants
  • 4.4.5. Degree of Competition
• 4.5. Market Dynamics and Trends
  • 4.5.1. Growth Drivers
  • 4.5.2. Restraints
  • 4.5.3. Challenges
  • 4.5.4. Key Trends
• 4.6. Covid-19 Impact Assessment on Market Growth Trend
• 4.7. Market Growth and Outlook
  • 4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2020-2033
  • 4.7.2. Market Volume Estimates and Forecast (Bn Units), 2020-2033
  • 4.7.3. Pricing Analysis
• 4.8. Competition Dashboard
  • 4.8.1. Market Concentration Rate
  • 4.8.2. Company Market Share Analysis (Value %), 2024
  • 4.8.3. Competitor Product Mapping

Chapter 5. Global Solar Street Lighting Market Analysis, By Type

• 5.1. Key Insights
• 5.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 5.2.1. Portable
  • 5.2.2. Standalone
  • 5.2.3. Centralized
  • 5.2.4. Others

Chapter 6. Global Solar Street Lighting Market Analysis, By Component

• 6.1. Key Insights
• 6.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 6.2.1. Controller
  • 6.2.2. Lamp
    • 6.2.2.1. Compact fluorescent light (CFL)
    • 6.2.2.2. Light-emitting diode (LED)
    • 6.2.2.3. Metal halide
    • 6.2.2.4. Sodium vapor
    • 6.2.2.5. Others
  • 6.2.3. Solar Panel
  • 6.2.4. Sensors
    • 6.2.4.1. Night & Motion Sensors
    • 6.2.4.2. Passive Infrared (PIR) Sensors
  • 6.2.5. Battery
    • 6.2.5.1. Lead acid
    • 6.2.5.2. Lithium-Ion
  • 6.2.6. Others

Chapter 7. Global Solar Street Lighting Market Analysis, By Application

• 7.1. Key Insights
• 7.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 7.2.1. Parking Lot
  • 7.2.2. Highway and Roadway
  • 7.2.3. Airport Runway
  • 7.2.4. Manufacturing Site
  • 7.2.5. Playgrounds
  • 7.2.6. Garden
  • 7.2.7. Others

Chapter 8. Global Solar Street Lighting Market Analysis, By Region/ Country

• 8.1. Key Insights
• 8.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 8.2.1. North America
    • 8.2.1.1. The U.S.
    • 8.2.1.2. Canada
    • 8.2.1.3. Mexico
  • 8.2.2. Europe
    • 8.2.2.1. The UK
    • 8.2.2.2. Germany
    • 8.2.2.3. France
    • 8.2.2.4. Italy
    • 8.2.2.5. Spain
    • 8.2.2.6. Poland
    • 8.2.2.7. Russia
    • 8.2.2.8. Rest of Europe
  • 8.2.3. Asia Pacific
    • 8.2.3.1. China
    • 8.2.3.2. India
    • 8.2.3.3. Japan
    • 8.2.3.4. Australia & New Zealand
    • 8.2.3.5. ASEAN
    • 8.2.3.6. Rest of Asia Pacific
  • 8.2.4. Middle East & Africa (MEA)
    • 8.2.4.1. UAE
    • 8.2.4.2. Saudi Arabia
    • 8.2.4.3. South Africa
    • 8.2.4.4. Rest of MEA
  • 8.2.5. South America
    • 8.2.5.1. Brazil
    • 8.2.5.2. Argentina
    • 8.2.5.3. Rest of South America

Chapter 9. North America Solar Street Lighting Market Analysis

• 9.1. Key Insights
• 9.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 9.2.1. By Type
  • 9.2.2. By Component
  • 9.2.3. By Application
  • 9.2.4. By Country

Chapter 10. Europe Solar Street Lighting Market Analysis

• 10.1. Key Insights
• 10.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 10.2.1. By Type
  • 10.2.2. By Component
  • 10.2.3. By Application
  • 10.2.4. By Country

Chapter 11. Asia Pacific Solar Street Lighting Market Analysis

• 11.1. Key Insights
• 11.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 11.2.1. By Type
  • 11.2.2. By Component
  • 11.2.3. By Application
  • 11.2.4. By Country

Chapter 12. Middle East & Africa Solar Street Lighting Market Analysis

• 12.1. Key Insights
• 12.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 12.2.1. By Type
  • 12.2.2. By Component
  • 12.2.3. By Application
  • 12.2.4. By Country

Chapter 13. South America Solar Street Lighting Market Analysis

• 13.1. Key Insights
• 13.2. Market Size and Forecast, 2020 - 2033 (US$ Bn and Bn Units)
  • 13.2.1. By Type
  • 13.2.2. By Component
  • 13.2.3. By Application
  • 13.2.4. By Country

Chapter 14. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

• 14.1. Acuity Brands, Inc.
• 14.2. Bajaj Electricals Ltd.
• 14.3. Bridgelux Inc.
• 14.4. Cooper Lighting, LLC
• 14.5. Dragons Breath Solar
• 14.6. Jiangsu SOKOYO Solar Lighting Co., Ltd.
• 14.7. Omega Solar
• 14.8. Philips Lighting Holding B.V.
• 14.9. Signify Holding BV
• 14.10. Sol Inc.
• 14.11. Solar Street Lights USA
• 14.12. Solektra International LLC
• 14.13. Sunna Design
• 14.14. Urja Global Ltd.
• 14.15. VerySol Inc.
• 14.16. Other Prominent Players