The value of the solar street lighting market is expected to surge from $5.7 billion in 2019 to $14.6 billion by 2030. Depending on structure type, solar street lighting systems are classified into standalone, portable, and centralized categories. Amongst these, the demand for centralized lighting systems was found to be the highest during the last few years and this trend is predicted to continue in the coming years as well.

This is attributed to the fact that centralized on-grid solar street lighting systems provide seamless functionality. Bridges, airport runways, highways and roadways, manufacturing sites, parking lots, and parks and playgrounds are the major areas in which solar street lighting systems are deployed. Amongst these, the demand for these systems is predicted to be the highest in highways and roadways in the coming years.

This is credited to the increasing focus of several governments on building world-class infrastructure and deploying solar lighting systems on highways and roadways. Geographically, the solar street lighting market was dominated by the APAC region in the years gone by and the market will also exhibit huge expansion in this region during the forecast period, as per the estimates of the market research company, P&S Intelligence.

This is ascribed to the rising urbanization rate and the launch of several initiatives aimed at augmenting the adoption of solar street lighting systems in regional countries such as India, Japan, and China. Additionally, China is increasingly focusing on solar photovoltaic (PV) capacity building, which is also propelling the market advancement in the country.

Hence, it is clear that the demand for solar street lighting systems will surge in the coming years, primarily because of the growing popularity of solar energy, falling prices of solar panels, and increasing number of smart cities all over the world.