Solar Lighting System Market Statistics, Trends, Share, Analysis, Key Players by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Solar Lighting System Market covers analysis by Component (Hardware, Software and Services); Grid Type (Off-Grid, Hybrid); Application (Highways and Roadways, Commercial, Industrial, Residential, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00006350
  • Category : Energy and Power
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Solar Lighting System Market is expected to register a CAGR of 15.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Offering (Hardware and Software & Services), Light Source (LED and Others), Grid Type (On Grid and Off Grid), Application (Highways & Roadways, Industrial, and Commercial). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments

Purpose of the Report

The report Solar Lighting System Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Solar Lighting System Market Segmentation

Offering

  • Hardware and Software & Services

Light Source

  • LED and Others

Grid Type

  • On Grid and Off Grid

Application

  • Highways & Roadways
  • Industrial
  • Commercial

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Solar Lighting System Market: Strategic Insights

solar-lighting-system-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Solar Lighting System Market Growth Drivers

  • Growing Demand for Renewable Energy Solutions: The rising global demand for renewable energy is one of the primary drivers behind the growth of the solar lighting market. As nations and businesses aim to reduce carbon emissions and combat climate change, the shift towards green energy sources, including solar power, is accelerating. Solar lighting systems, which rely on clean energy, align with these sustainability goals and are increasingly being adopted in both residential and commercial applications.
  • Government Incentives and Policies: Governments worldwide are introducing policies and providing incentives to promote the adoption of renewable energy technologies, including solar lighting. These policies often include subsidies, tax breaks, and rebates for both consumers and businesses. Additionally, many countries have set ambitious targets for renewable energy integration, creating a favorable regulatory environment for solar lighting systems. For instance, tax incentives for residential solar installations and government-funded solar lighting projects in public spaces help drive market growth.
  • Cost-Effectiveness and Reduction in Solar Panel Costs: The cost of solar panels and associated components has decreased significantly over the past decade, making solar lighting systems more affordable. As production costs for solar panels and batteries continue to fall, solar lighting systems are becoming increasingly cost-effective. This price reduction is opening up the market to a broader range of customers, including homeowners, businesses, and municipalities. The lower upfront investment, coupled with minimal ongoing maintenance costs, makes solar lighting an attractive option in the long term.

Solar Lighting System Market Future Trends

  • Integration with Smart Technologies: The future of solar lighting systems will be increasingly driven by smart technology integration. Solar lights are becoming more intelligent, with features like motion sensors, dimming capabilities, and wireless control via smartphone apps. Smart solar lights can adjust brightness based on the surrounding environment or user preferences, improving both energy efficiency and user experience. The integration of Internet of Things (IoT) technology will also allow for remote monitoring and management, making solar lighting systems more convenient and adaptable.
  • Focus on Energy Storage and Battery Technologies: A key trend in the solar lighting market is the improvement in energy storage and battery technologies. Solar lighting systems are reliant on batteries to store energy generated during the day for use at night. Advances in battery technology, such as lithium-ion and other advanced energy storage solutions, are improving the performance, efficiency, and lifespan of solar lighting systems. These developments ensure that solar lights can provide reliable illumination even during periods of low sunlight, such as in cloudy weather or during the winter months.
  • Hybrid Solar Lighting Systems: Hybrid solar lighting systems, which combine solar power with traditional grid electricity, are becoming more popular in commercial and urban applications. These systems offer increased reliability, as they can draw power from the grid when solar energy is insufficient. Hybrid systems are ideal for locations with inconsistent sunlight, ensuring continuous lighting while still benefiting from the sustainability of solar power.

Solar Lighting System Market Opportunities

  • Development of Solar-Powered Street Lighting: Solar street lighting is one of the fastest-growing segments of the solar lighting market. Municipalities are increasingly adopting solar-powered street lights to reduce energy costs, lower maintenance expenses, and contribute to environmental sustainability. Solar-powered street lighting can be installed quickly and easily without the need for extensive wiring, making it an attractive option for cities, especially in developing regions. There is also increasing interest in solar street lights that integrate with smart city infrastructure, offering advanced features such as real-time monitoring and data analytics.
  • Integration with Electric Vehicles (EV) Charging Stations: Solar lighting systems can play a crucial role in the development of electric vehicle (EV) charging stations, especially in areas where the grid infrastructure is lacking. By combining solar lighting with solar-powered EV chargers, these stations can operate independently of the grid, providing a sustainable and off-grid solution for electric vehicle users. As the adoption of electric vehicles continues to rise, the integration of solar lighting in EV charging infrastructure will present a significant growth opportunity.
  • Increasing Focus on Public-Private Partnerships (PPPs): Public-private partnerships (PPPs) are expected to play a key role in the expansion of solar lighting systems, particularly in public infrastructure projects. Governments are collaborating with private companies to deploy solar-powered solutions in urban and rural areas, from street lighting to public parks and schools. These collaborations can help overcome financial and logistical barriers to solar adoption, creating a win-win situation for both governments and solar energy providers.

Solar Lighting System Market Regional Insights

The regional trends and factors influencing the Solar Lighting System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Solar Lighting System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

solar-lighting-system-market-global-geography
  • Get the Regional Specific Data for Solar Lighting System Market

Solar Lighting System Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 15.3%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Offering
  • Hardware and Software & Services
By Light Source
  • LED and Others
By Grid Type
  • On Grid and Off Grid
By Application
  • Highways & Roadways
  • Industrial
  • Commercial
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Clear Blue Technologies Inc.
  • Eaton Corporation
  • Solar Electric Power Company
  • Fonroche Lighting America, Inc.
  • Halonix Technologies Private Limited
  • Jinhua SunMaster Solar Lighting Co., Ltd.
  • Signify Holding (Philips)
  • Solar Street Lights USA
  • Su-Kam Power Systems Ltd.

  • Solar Lighting System Market Players Density: Understanding Its Impact on Business Dynamics

    The Solar Lighting System Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Solar Lighting System Market are:

    1. Clear Blue Technologies Inc.
    2. Eaton Corporation
    3. Solar Electric Power Company
    4. Fonroche Lighting America, Inc.
    5. Halonix Technologies Private Limited

    Disclaimer: The companies listed above are not ranked in any particular order.


    solar-lighting-system-market-cagr

    • Get the Solar Lighting System Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Solar Lighting System Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Solar Lighting System Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    What are the options available for the customization of this report?

    Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility

    What are the deliverable formats of the solar lighting system market report?

    The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request

    What are the future trends of solar lighting system market?

    Integration with smart technologies, and focus on energy storage and battery technologies are likely to remain a key trend in the market.

    What are the driving factors impacting global solar lighting system market?

    Growing demand for renewable energy solutions, and cost-effectiveness and reduction in solar panel costs are the major factors driving the solar lighting system market.

    What is the expected CAGR of solar lighting system market?

    Global solar lighting system market is expected to grow at a CAGR of 15.3% during the forecast period 2024 - 2031.

    Nivedita Upadhyay
    Nivedita Upadhyay
    Manager,
    Market Research & Consulting

    Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

    With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

    Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

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    The List of Companies

    1.Clear Blue Technologies Inc.2.Eaton3.Exide Industries Limited4.GiantFocal5.Greenshine New Energy6.Jinhua SunMaster Solar Lighting Co., Ltd.7.Signify Holding8.Solar Lighting International, Inc.9.Solar Street Lights USA10.SolarOne Solutions, Inc.
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