Solar street lighting refers to the use of solar panels to power street lights for outdoor illumination. Street lights run on battery-operated photovoltaic panels that charge during the day and power the lights at night. The key advantages of solar street lighting include reduced operating costs as they do not require trenching and wiring or recurring electricity bills. With increasing concerns around rising carbon emissions, many municipalities and governments are incentivizing the adoption of solar lighting to make streets more energy efficient. The need for sustainable and reliable outdoor lighting is driving the demand for these systems from cities, highways, parks and commercial spaces.

 The Global Solar Street Lighting Market is estimated to be valued at US$ 38.15 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031.

Key Takeaways

The rising energy costs and shortage of power supply in remote areas are driving higher demand for Solar Street Lighting Market Size systems. The low operation and maintenance costs along with convenience of installation makes solar lights a sustainable option for outdoor illumination.

Key players operating in the Solar Street Lighting market are VerySol Inc., Solar Street Lights USA, Dragons Breath Solar, Urja Ltd., Solektra International LLC, Bridgelux Inc., SOKOYO Solar Group, Sunna Design, Sol Inc., Signify Holding, Omega Solar, SolarOne Solutions Inc., Hitechled, Fevino Industries LLP, Systellar, Wolta Power System, SunMaster, Wipro Lighting, Swami Energy, and Sunrise Solar.

Many cities and municipalities globally are incorporating smart solar street lighting networks to provide connectivity to services like CCTV, emergency notifications and environmental monitoring. The global expansion of smart city projects will accelerate the adoption of advanced solar lighting solutions in the coming years.

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