Global Solar Lighting System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Light Source;

LED and Others.

By Offering;

Hardware and Software & Services.

By Application;

Industrial, Highways and roadways, Commercial, Residential, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn593965810 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Solar Lighting System Market (USD Million), 2021 - 2031

In the year 2024, the Global Solar Lighting System Market was valued at USD 10,544.74 million. The size of this market is expected to increase to USD 28,392.48 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.2%.

The global solar lighting system market represents a transformative shift in the way lighting solutions are powered and deployed, offering sustainable and energy-efficient alternatives to traditional grid-connected lighting systems. Solar lighting systems harness the abundant and renewable energy of the sun to illuminate outdoor spaces, streets, pathways, and remote areas, without the need for conventional electricity sources. This technology integrates solar photovoltaic (PV) panels, energy storage batteries, LED light fixtures, and intelligent control systems to provide reliable and cost-effective lighting solutions in both urban and rural settings. As the world increasingly prioritizes sustainability and environmental conservation, solar lighting systems have emerged as a viable and scalable solution to address energy access challenges, reduce carbon emissions, and enhance public safety and security.

The adoption of solar lighting systems is driven by several key factors, including the declining costs of solar technology, advancements in energy storage systems, and supportive government policies and incentives promoting renewable energy adoption. As solar PV panels become more affordable and efficient, the overall cost of solar lighting systems continues to decrease, making them economically viable alternatives to grid-connected lighting solutions. Moreover, innovations in battery technology have improved the storage capacity and lifespan of energy storage systems, enabling solar lighting systems to operate reliably even in areas with limited sunlight or extended periods of inclement weather. Additionally, government initiatives such as subsidies, tax incentives, and off-grid electrification programs have spurred investment in solar lighting infrastructure, particularly in off-grid and underserved regions where access to reliable electricity is limited.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Light Source
    2. Market Snapshot, By Offering
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Solar Lighting System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental Sustainability and Energy Efficiency
        2. Cost Reductions and Declining Solar Technology Costs
        3. Government Support and Off-Grid Electrification Initiatives
      2. Restraints
        1. Initial Investment Costs and Affordability
        2. Weather Dependence and Sunlight Availability
        3. Technological Limitations and Performance Variability
      3. Opportunities
        1. Market Expansion in Developing Regions
        2. Integration with Smart Grid and IoT Technologies
        3. Innovation in Energy Storage and Lighting Solutions
    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. Global Solar Lighting System Market, By Light Source, 2021 - 2031 (USD Million)
      1. LED
      2. Others
    2. Global Solar Lighting System Market, By Offering, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software & Services
    3. Global Solar Lighting System Market, By Application, 2021 - 2031 (USD Million)
      1. Industrial
      2. Highways and roadways
      3. Commercial
      4. Residential
      5. Others
    4. Global Solar Lighting System 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. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Signify N.V.
      2. Solar Street Lights USA
      3. Sunna Design
      4. Clear Blue Technologies Inc.
      5. Omega Solar
      6. Solektra International
      7. Solar Electric Power Company
      8. SolarOne Solutions, Inc.
      9. Dragons Breath Solar
      10. Greenshine New Energy
  7. Analyst Views
  8. Future Outlook of the Market