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Solar Lighting System Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Publisher Expert Market Research
Published Aug 12, 2025
Length 156 Pages
SKU # EMAR20435802

Description

The global solar lighting system market size reached around USD 8.55 Billion in 2024 . The market is projected to grow at a CAGR of 15.90% between 2025 and 2034 to reach nearly USD 37.39 Billion by 2034 .

The market is primarily being driven by the rising use of renewable energy for lighting. The Asia Pacific is the fastest growing region due to the increasing demand for renewable energy.

Global Solar Lighting System Market Market Segmentation

The systems that use sunlight as a source to produce light, as well as charge lighting sources, are known as solar lighting system. The market can be divided on the basis of offerings into hardware, software, and services.

The market can be divided on the basis of offerings into
  • Hardware
  • Solar/PV Panels
  • Lighting Fixtures
  • Rechargeable Battery
  • Others
  • Software and Services
    • The light source can be classified as:
    • LED
    • Others
    The grids in the market can be grouped into:
    • Off-Grid
    • Hybrid
    The market can be broadly categorised on the basis of its applications into:
    • Highways and Roadways
    • Industrial
    • Commercial
    • Residential
    • Others
    The EMR report looks into the regional markets of solar lighting system like:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
    Global Solar Lighting System Market Market Analysis

    The key factors driving the market growth include the increasing demand for energy-efficient solar lighting systems for highways, increased use of renewable energy for lighting purposes, increased penetration and lower costs for LEDs and increased demand from developed and emerging countries. In addition, the underlying market opportunities include a decrease in solar lighting cost, advantageous government initiatives, as well as improved technology in a solar lighting system.

    LED is the leading type of light source and is likely to grow at a higher rate in the forecast period, owing to it being eco-friendly and durable compared to others. The application sector is being dominated by the commercial segment.

    Competitive Landscape

    The report presents a detailed analysis of the following key players in the global solar lighting system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
    • Signify Holding
    • Eaton Corporation plc
    • Clear Blue Technologies Inc.
    • Jinhua SunMaster Solar Lighting Co., Ltd.
    • Solar Electric Power Company
    • ENF Ltd.
    • Best Solar Street Lights USA
    • Others
    The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

    Table of Contents

    156 Pages
    1 Executive Summary
    1.1 Market Size 2024-2025
    1.2 Market Growth 2025(F)-2034(F)
    1.3 Key Demand Drivers
    1.4 Key Players and Competitive Structure
    1.5 Industry Best Practices
    1.6 Recent Trends and Developments
    1.7 Industry Outlook
    2 Market Overview and Stakeholder Insights
    2.1 Market Trends
    2.2 Key Verticals
    2.3 Key Regions
    2.4 Supplier Power
    2.5 Buyer Power
    2.6 Key Market Opportunities and Risks
    2.7 Key Initiatives by Stakeholders
    3 Economic Summary
    3.1 GDP Outlook
    3.2 GDP Per Capita Growth
    3.3 Inflation Trends
    3.4 Democracy Index
    3.5 Gross Public Debt Ratios
    3.6 Balance of Payment (BoP) Position
    3.7 Population Outlook
    3.8 Urbanisation Trends
    4 Country Risk Profiles
    4.1 Country Risk
    4.2 Business Climate
    5 Global Solar Lighting System Market Analysis
    5.1 Key Industry Highlights
    5.2 Global Solar Lighting System Historical Market (2018-2024)
    5.3 Global Solar Lighting System Market Forecast (2025-2034)
    5.4 Global Solar Lighting System Market by Offering
    5.4.1 Hardware
    5.4.1.1 Historical Trend (2018-2024)
    5.4.1.2 Forecast Trend (2025-2034)
    5.4.1.3 Hardware by Type
    5.4.1.3.1 Solar/PV Panels
    5.4.1.3.2 Lighting Fixtures
    5.4.1.3.3 Rechargeable Battery
    5.4.1.3.4 Others
    5.4.2 Software and Services
    5.4.2.1 Historical Trend (2018-2024)
    5.4.2.2 Forecast Trend (2025-2034)
    5.5 Global Solar Lighting System Market by Light Source
    5.5.1 LED
    5.5.1.1 Historical Trend (2018-2024)
    5.5.1.2 Forecast Trend (2025-2034)
    5.5.2 Others
    5.6 Global Solar Lighting System Market by Grid Type
    5.6.1 Off-Grid
    5.6.1.1 Historical Trend (2018-2024)
    5.6.1.2 Forecast Trend (2025-2034)
    5.6.2 Hybrid
    5.6.2.1 Historical Trend (2018-2024)
    5.6.2.2 Forecast Trend (2025-2034)
    5.7 Global Solar Lighting System Market by Application
    5.7.1 Highways and Roadways
    5.7.1.1 Historical Trend (2018-2024)
    5.7.1.2 Forecast Trend (2025-2034)
    5.7.2 Industrial
    5.7.2.1 Historical Trend (2018-2024)
    5.7.2.2 Forecast Trend (2025-2034)
    5.7.3 Commercial
    5.7.3.1 Historical Trend (2018-2024)
    5.7.3.2 Forecast Trend (2025-2034)
    5.7.4 Residential
    5.7.4.1 Historical Trend (2018-2024)
    5.7.4.2 Forecast Trend (2025-2034)
    5.7.5 Others
    5.8 Global Solar Lighting System Market by Region
    5.8.1 North America
    5.8.2 Europe
    5.8.3 Asia Pacific
    5.8.4 Latin America
    5.8.5 Middle East and Africa
    6 Regional Analysis
    6.1 North America
    6.1.1 Historical Trend (2018-2024)
    6.1.2 Forecast Trend (2025-2034)
    6.1.3 Breakup by Country
    6.1.3.1 United States of America
    6.1.3.2 Canada
    6.2 Europe
    6.2.1 Historical Trend (2018-2024)
    6.2.2 Forecast Trend (2025-2034)
    6.2.3 Breakup by Country
    6.2.3.1 United Kingdom
    6.2.3.2 Germany
    6.2.3.3 France
    6.2.3.4 Italy
    6.2.3.5 Others
    6.3 Asia Pacific
    6.3.1 Historical Trend (2018-2024)
    6.3.2 Forecast Trend (2025-2034)
    6.3.3 Breakup by Country
    6.3.3.1 China
    6.3.3.2 Japan
    6.3.3.3 India
    6.3.3.4 ASEAN
    6.3.3.5 Australia
    6.3.3.6 Others
    6.4 Latin America
    6.4.1 Historical Trend (2018-2024)
    6.4.2 Forecast Trend (2025-2034)
    6.4.3 Breakup by Country
    6.4.3.1 Brazil
    6.4.3.2 Argentina
    6.4.3.3 Mexico
    6.4.3.4 Others
    6.5 Middle East and Africa
    6.5.1 Historical Trend (2018-2024)
    6.5.2 Forecast Trend (2025-2034)
    6.5.3 Breakup by Country
    6.5.3.1 Saudi Arabia
    6.5.3.2 United Arab Emirates
    6.5.3.3 Nigeria
    6.5.3.4 South Africa
    6.5.3.5 Others
    7 Market Dynamics
    7.1 SWOT Analysis
    7.1.1 Strengths
    7.1.2 Weaknesses
    7.1.3 Opportunities
    7.1.4 Threats
    7.2 Porter’s Five Forces Analysis
    7.2.1 Supplier’s Power
    7.2.2 Buyer’s Power
    7.2.3 Threat of New Entrants
    7.2.4 Degree of Rivalry
    7.2.5 Threat of Substitutes
    7.3 Key Indicators for Demand
    7.4 Key Indicators for Price
    8 Value Chain Analysis
    9 Competitive Landscape
    9.1 Supplier Selection
    9.2 Key Global Players
    9.3 Key Regional Players
    9.4 Key Player Strategies
    9.5 Company Profiles
    9.5.1 Signify Holding
    9.5.1.1 Company Overview
    9.5.1.2 Product Portfolio
    9.5.1.3 Demographic Reach and Achievements
    9.5.1.4 Certifications
    9.5.2 Eaton Corporation plc
    9.5.2.1 Company Overview
    9.5.2.2 Product Portfolio
    9.5.2.3 Demographic Reach and Achievements
    9.5.2.4 Certifications
    9.5.3 Clear Blue Technologies Inc.
    9.5.3.1 Company Overview
    9.5.3.2 Product Portfolio
    9.5.3.3 Demographic Reach and Achievements
    9.5.3.4 Certifications
    9.5.4 Jinhua SunMaster Solar Lighting Co., Ltd.
    9.5.4.1 Company Overview
    9.5.4.2 Product Portfolio
    9.5.4.3 Demographic Reach and Achievements
    9.5.4.4 Certifications
    9.5.5 Solar Electric Power Company
    9.5.5.1 Company Overview
    9.5.5.2 Product Portfolio
    9.5.5.3 Demographic Reach and Achievements
    9.5.5.4 Certifications
    9.5.6 ENF Ltd.
    9.5.6.1 Company Overview
    9.5.6.2 Product Portfolio
    9.5.6.3 Demographic Reach and Achievements
    9.5.6.4 Certifications
    9.5.7 Best Solar Street Lights USA
    9.5.7.1 Company Overview
    9.5.7.2 Product Portfolio
    9.5.7.3 Demographic Reach and Achievements
    9.5.7.4 Certifications
    9.5.8 Others

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