The Global Solar Power LED Street Light Market is projected to grow at a CAGR of 11.4% during the forecast period, from 2021-2030.

Solar Power LED Street Light Market Overview:

Solar LED street lights refer to solar power supply systems that use electricity and light as products. The working principle of solar LED is to convert sunlight into electricity, directly light the lamp, and indirectly heat water for household use at night. The solar street lighting system is a lighting process in which photovoltaic panels are installed on the top of the lamp pole to store solar energy. With the use of fossil fuels, the risk of climate change is increasing, which means a shift to green energy. Solar street lights reduce dependence on traditional energy sources, help reduce carbon emissions, and achieve green energy goals. In areas with insufficient electrification, solar street lights are an effective lighting solution. Solar street lights are widely used in roads, streets, courtyards, parks, airports, etc.

Solar Power LED Street Light market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Solar Power LED Street Light market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In April 2018, SEPCO partnered with a local property management company in Woodbury Gardens, Georgia, USA, to provide sidewalk and street lighting in areas where conventional electricity is difficult to introduce. Electric lights are also installed in residential areas and most roads, but many dark areas need to be addressed.
• In March 2018, Signify (Philips Lighting) launched Philips Sunday, a solar-powered street light that integrates a solar panel, battery, and light in one housing, and Philips LifeLight, a solar-powered light with replaceable batteries. With the launch of these products in India, the company is accelerating its strategy for solar lighting.
• In February 2018, the Aurora Department of Parks, Recreation and Open Space (USA) Sol and Sand Creek Park entered into an agreement to install a solar lighting system. Sol installed an EverGen solar lighting system at Sand Creek Park in Aurora, Colorado. Sol has deployed more than 300 solar-powered lighting systems in Colorado.

Major Market Segments Covered in Solar Power LED Street Light Industry Research:

Market Key Players:
Philips, SEPCO, King-sun, Leadsun, Solar Street Lights USA, Cree, Yingli Solar, Hubbell, LEOTEK, Jiawei, Eaton Cooper, Excellence Optoelectronics, SOKOYO, Osram, GE Lighting, Acuity Brands, Revolution Lighting, LSI Industries Inc, And Others.

By Type:

• Solar Street Lighting, LED Street Lighting,

By Application:

• Municipal Infrastructure, Residential, Others

By Region:

The North American region is expected to hold a certain market share, and its global solar LED street lighting market is expected to grow in the next few years due to its continuous investment in the development of renewable energy sources. The solar LED street lighting market in Latin America is expected to grow over the forecast period. The solar market in Europe is driven by factors such as increasing electricity demand, rising environmental concerns, and rising consumer awareness. Additionally, the region has developed a vast network of renewable energy sources that can be used to generate clean, green electricity. One strength of the region is strong government support through targeted policies. The Asia Pacific and Middle East & Africa regions are expected to witness significant growth in the solar street lighting market over the forecast period. Rising population of countries in this region has resulted in increasing demand for energy facilities such as power grids.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Factors:

Growth factors for the market include stringent energy-saving policies and regulations, and government investments in infrastructure development such as roads and expressways around cities to reduce traffic congestion. The growth is also attributed to the drop in prices of solar energy products such as solar panels, which has further slowed down the growth of the solar LED street lighting market, mainly due to its multiple benefits such as reduced maintenance costs, low installation and operation costs. The use of renewable energy for lighting has gained popularity in many countries around the world due to its economic advantages over conventional energy sources. In addition, increased infrastructure spending

Solar Power LED Street Light Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 11.4% from 2022 to 2030.
By Type	Solar Street Lighting, LED Street Lighting,
By Application	Municipal Infrastructure, Residential, Others
By Companies	Philips, SEPCO, King-sun, Leadsun, Solar Street Lights USA, Cree, Yingli Solar, Hubbell, LEOTEK, Jiawei, Eaton Cooper, Excellence Optoelectronics, SOKOYO, Osram, GE Lighting, Acuity Brands, Revolution Lighting, LSI Industries Inc
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Crucial Points from this Solar Power LED Street Light Report

• Estimate Solar Power LED Street Light market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Solar Power LED Street Light market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Solar Power LED Street Light market?

The Solar Power LED Street Light Market is growing at a CAGR of 11.4% During Forecast Period.

 What are the key types of Solar Power LED Street Light market?

Solar Street Lighting, LED Street Lighting,

What are the key applications of Solar Power LED Street Light market?

Municipal Infrastructure, Residential, Others                           

Who are the key players in Solar Power LED Street Light market?

Philips, SEPCO, King-sun, Leadsun, Solar Street Lights USA, Cree, Yingli Solar, Hubbell, LEOTEK, Jiawei, Eaton Cooper, Excellence Optoelectronics, SOKOYO, Osram, GE Lighting, Acuity Brands, Revolution Lighting, LSI Industries Inc, And others.