Solar Street Lighting Market to Grow at a Robust Pace During 2021-2026

The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Solar street lighting market is likely to witness an impressive CAGR of 10.2% during the forecast period.

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Segment Analysis

Based on the product type, the market is segmented as standalone and grid connected. The standalone segment is expected to grow at a higher CAGR during the forecast period, driven by the rapid expansion of sustainable electric networks, high-cost of conventional streetlight infrastructure across off-grid areas, and the increasing deployment of pico-solar systems.  

Based on the application type, the solar street lighting market is segmented as residential, commercial, and industrial. The industrial segment is likely to be the major application type during the forecast period. The on-site generation of electricity and the increasing focus towards sustainable manufacturing are likely to contribute towards the demand for the industrial segment.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing region for the solar street lighting market during the forecast period, driven by government initiatives for the adoption of energy efficient lighting systems, expansion of manufacturing facilities, and the decreasing product cost. 

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Solar street lighting market is likely to witness an impressive CAGR of 10.2% during the forecast period. The various factors contributing to the demand for solar street lightings are increasing demand for clean energy, increasing off grid electricity demand, and the stringent regulations towards sustainable infrastructure development

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