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Global Solar Powered LED Street Light Market Research Report 2024
Synopsis
Solar LED street lights are systems that get their power from the sun and make electricity and light. The way solar LEDs work is that sunlight is turned into electricity, which lights the lamp directly and heats water for use in the home at night. In a solar street lighting system, photovoltaic panels are put on the top of the lamp post to store energy from the sun. When fossil fuels are used, the chance of climate change goes up. This means that we need to switch to green energy. Solar street lights cut down on how much we rely on traditional energy sources, help cut down on carbon emissions, and help us reach our green energy goals. Solar street lights are a good way to light up places that don't have enough electricity. Solar street lights are used on many streets, roads, courtyards, parks, airports, and other places.
The global Solar Powered LED Street Light market was valued at US$ 1381 million in 2023 and is anticipated to reach US$ 2828.1 million by 2030, witnessing a CAGR of 11.0% during the forecast period 2024-2030.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.237 GW.
This report aims to provide a comprehensive presentation of the global market for Solar Powered LED Street Light, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Powered LED Street Light.
Report Scope
The Solar Powered LED Street Light market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solar Powered LED Street Light market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Powered LED Street Light manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Philips
Tata Power Solar Systems
Bisol
Leadsun
Su-Kam Power Systems
Urja Global
Solar Electric Power Company (SEPCO)
Jiawei
Yingli Solar
King-sun
BYD
Shenzhen Spark Optoelectronics S&T
Segment by Type
30W-49W
50W-69W
70W-89W
90W-100W
>100W
Segment by Application
City Road
Sidewalk
Square
School
Park
Residential
Factory
Others
Consumption by Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solar Powered LED Street Light manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Solar Powered LED Street Light in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Solar LED street lights are systems that get their power from the sun and make electricity and light. The way solar LEDs work is that sunlight is turned into electricity, which lights the lamp directly and heats water for use in the home at night. In a solar street lighting system, photovoltaic panels are put on the top of the lamp post to store energy from the sun. When fossil fuels are used, the chance of climate change goes up. This means that we need to switch to green energy. Solar street lights cut down on how much we rely on traditional energy sources, help cut down on carbon emissions, and help us reach our green energy goals. Solar street lights are a good way to light up places that don't have enough electricity. Solar street lights are used on many streets, roads, courtyards, parks, airports, and other places.
The global Solar Powered LED Street Light market was valued at US$ 1381 million in 2023 and is anticipated to reach US$ 2828.1 million by 2030, witnessing a CAGR of 11.0% during the forecast period 2024-2030.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.237 GW.
This report aims to provide a comprehensive presentation of the global market for Solar Powered LED Street Light, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Powered LED Street Light.
Report Scope
The Solar Powered LED Street Light market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solar Powered LED Street Light market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Powered LED Street Light manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Philips
Tata Power Solar Systems
Bisol
Leadsun
Su-Kam Power Systems
Urja Global
Solar Electric Power Company (SEPCO)
Jiawei
Yingli Solar
King-sun
BYD
Shenzhen Spark Optoelectronics S&T
Segment by Type
30W-49W
50W-69W
70W-89W
90W-100W
>100W
Segment by Application
City Road
Sidewalk
Square
School
Park
Residential
Factory
Others
Consumption by Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solar Powered LED Street Light manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Solar Powered LED Street Light in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Index1 Solar Powered LED Street Light Market Overview
1.1 Product Overview and Scope of Solar Powered LED Street Light
1.2 Solar Powered LED Street Light Segment by Type
1.2.1 Global Solar Powered LED Street Light Market Value Comparison by Type (2024-2030)
1.2.2 30W-49W
1.2.3 50W-69W
1.2.4 70W-89W
1.2.5 90W-100W
1.2.6 >100W
1.3 Solar Powered LED Street Light Segment by Application
1.3.1 Global Solar Powered LED Street Light Market Value by Application: (2024-2030)
1.3.2 City Road
1.3.3 Sidewalk
1.3.4 Square
1.3.5 School
1.3.6 Park
1.3.7 Residential
1.3.8 Factory
1.3.9 Others
1.4 Global Solar Powered LED Street Light Market Size Estimates and Forecasts
1.4.1 Global Solar Powered LED Street Light Revenue 2019-2030
1.4.2 Global Solar Powered LED Street Light Sales 2019-2030
1.4.3 Global Solar Powered LED Street Light Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Solar Powered LED Street Light Market Competition by Manufacturers
2.1 Global Solar Powered LED Street Light Sales Market Share by Manufacturers (2019-2024)
2.2 Global Solar Powered LED Street Light Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Solar Powered LED Street Light Average Price by Manufacturers (2019-2024)
2.4 Global Solar Powered LED Street Light Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Solar Powered LED Street Light, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Solar Powered LED Street Light, Product Type & Application
2.7 Solar Powered LED Street Light Market Competitive Situation and Trends
2.7.1 Solar Powered LED Street Light Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Solar Powered LED Street Light Players Market Share by Revenue
2.7.3 Global Solar Powered LED Street Light Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Solar Powered LED Street Light Retrospective Market Scenario by Region
3.1 Global Solar Powered LED Street Light Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Solar Powered LED Street Light Global Solar Powered LED Street Light Sales by Region: 2019-2030
3.2.1 Global Solar Powered LED Street Light Sales by Region: 2019-2024
3.2.2 Global Solar Powered LED Street Light Sales by Region: 2025-2030
3.3 Global Solar Powered LED Street Light Global Solar Powered LED Street Light Revenue by Region: 2019-2030
3.3.1 Global Solar Powered LED Street Light Revenue by Region: 2019-2024
3.3.2 Global Solar Powered LED Street Light Revenue by Region: 2025-2030
3.4 North America Solar Powered LED Street Light Market Facts & Figures by Country
3.4.1 North America Solar Powered LED Street Light Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Solar Powered LED Street Light Sales by Country (2019-2030)
3.4.3 North America Solar Powered LED Street Light Revenue by Country (2019-2030)
3.4.4 United States
3.4.5 Canada
3.4.6 Mexico
3.5 Europe Solar Powered LED Street Light Market Facts & Figures by Country
3.5.1 Europe Solar Powered LED Street Light Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Solar Powered LED Street Light Sales by Country (2019-2030)
3.5.3 Europe Solar Powered LED Street Light Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 UK
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Solar Powered LED Street Light Market Facts & Figures by Country
3.6.1 Asia Pacific Solar Powered LED Street Light Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Solar Powered LED Street Light Sales by Country (2019-2030)
3.6.3 Asia Pacific Solar Powered LED Street Light Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Indonesia
3.6.10 Thailand
3.6.11 Malaysia
3.6.12 Philippines
3.6.13 Vietnam
3.7 Latin America Solar Powered LED Street Light Market Facts & Figures by Country
3.7.1 Latin America Solar Powered LED Street Light Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Solar Powered LED Street Light Sales by Country (2019-2030)
3.7.3 Latin America Solar Powered LED Street Light Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Solar Powered LED Street Light Market Facts & Figures by Country
3.8.1 Middle East and Africa Solar Powered LED Street Light Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Solar Powered LED Street Light Sales by Country (2019-2030)
3.8.3 Middle East and Africa Solar Powered LED Street Light Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Solar Powered LED Street Light Sales by Type (2019-2030)
4.1.1 Global Solar Powered LED Street Light Sales by Type (2019-2024)
4.1.2 Global Solar Powered LED Street Light Sales by Type (2025-2030)
4.1.3 Global Solar Powered LED Street Light Sales Market Share by Type (2019-2030)
4.2 Global Solar Powered LED Street Light Revenue by Type (2019-2030)
4.2.1 Global Solar Powered LED Street Light Revenue by Type (2019-2024)
4.2.2 Global Solar Powered LED Street Light Revenue by Type (2025-2030)
4.2.3 Global Solar Powered LED Street Light Revenue Market Share by Type (2019-2030)
4.3 Global Solar Powered LED Street Light Price by Type (2019-2030)
5 Segment by Application
5.1 Global Solar Powered LED Street Light Sales by Application (2019-2030)
5.1.1 Global Solar Powered LED Street Light Sales by Application (2019-2024)
5.1.2 Global Solar Powered LED Street Light Sales by Application (2025-2030)
5.1.3 Global Solar Powered LED Street Light Sales Market Share by Application (2019-2030)
5.2 Global Solar Powered LED Street Light Revenue by Application (2019-2030)
5.2.1 Global Solar Powered LED Street Light Revenue by Application (2019-2024)
5.2.2 Global Solar Powered LED Street Light Revenue by Application (2025-2030)
5.2.3 Global Solar Powered LED Street Light Revenue Market Share by Application (2019-2030)
5.3 Global Solar Powered LED Street Light Price by Application (2019-2030)
6 Key Companies Profiled
6.1 Philips
6.1.1 Philips Corporation Information
6.1.2 Philips Description and Business Overview
6.1.3 Philips Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Philips Solar Powered LED Street Light Product Portfolio
6.1.5 Philips Recent Developments/Updates
6.2 Tata Power Solar Systems
6.2.1 Tata Power Solar Systems Corporation Information
6.2.2 Tata Power Solar Systems Description and Business Overview
6.2.3 Tata Power Solar Systems Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Tata Power Solar Systems Solar Powered LED Street Light Product Portfolio
6.2.5 Tata Power Solar Systems Recent Developments/Updates
6.3 Bisol
6.3.1 Bisol Corporation Information
6.3.2 Bisol Description and Business Overview
6.3.3 Bisol Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Bisol Solar Powered LED Street Light Product Portfolio
6.3.5 Bisol Recent Developments/Updates
6.4 Leadsun
6.4.1 Leadsun Corporation Information
6.4.2 Leadsun Description and Business Overview
6.4.3 Leadsun Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Leadsun Solar Powered LED Street Light Product Portfolio
6.4.5 Leadsun Recent Developments/Updates
6.5 Su-Kam Power Systems
6.5.1 Su-Kam Power Systems Corporation Information
6.5.2 Su-Kam Power Systems Description and Business Overview
6.5.3 Su-Kam Power Systems Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Su-Kam Power Systems Solar Powered LED Street Light Product Portfolio
6.5.5 Su-Kam Power Systems Recent Developments/Updates
6.6 Urja Global
6.6.1 Urja Global Corporation Information
6.6.2 Urja Global Description and Business Overview
6.6.3 Urja Global Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Urja Global Solar Powered LED Street Light Product Portfolio
6.6.5 Urja Global Recent Developments/Updates
6.7 Solar Electric Power Company (SEPCO)
6.6.1 Solar Electric Power Company (SEPCO) Corporation Information
6.6.2 Solar Electric Power Company (SEPCO) Description and Business Overview
6.6.3 Solar Electric Power Company (SEPCO) Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Solar Electric Power Company (SEPCO) Solar Powered LED Street Light Product Portfolio
6.7.5 Solar Electric Power Company (SEPCO) Recent Developments/Updates
6.8 Jiawei
6.8.1 Jiawei Corporation Information
6.8.2 Jiawei Description and Business Overview
6.8.3 Jiawei Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Jiawei Solar Powered LED Street Light Product Portfolio
6.8.5 Jiawei Recent Developments/Updates
6.9 Yingli Solar
6.9.1 Yingli Solar Corporation Information
6.9.2 Yingli Solar Description and Business Overview
6.9.3 Yingli Solar Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Yingli Solar Solar Powered LED Street Light Product Portfolio
6.9.5 Yingli Solar Recent Developments/Updates
6.10 King-sun
6.10.1 King-sun Corporation Information
6.10.2 King-sun Description and Business Overview
6.10.3 King-sun Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.10.4 King-sun Solar Powered LED Street Light Product Portfolio
6.10.5 King-sun Recent Developments/Updates
6.11 BYD
6.11.1 BYD Corporation Information
6.11.2 BYD Solar Powered LED Street Light Description and Business Overview
6.11.3 BYD Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.11.4 BYD Solar Powered LED Street Light Product Portfolio
6.11.5 BYD Recent Developments/Updates
6.12 Shenzhen Spark Optoelectronics S&T
6.12.1 Shenzhen Spark Optoelectronics S&T Corporation Information
6.12.2 Shenzhen Spark Optoelectronics S&T Solar Powered LED Street Light Description and Business Overview
6.12.3 Shenzhen Spark Optoelectronics S&T Solar Powered LED Street Light Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Shenzhen Spark Optoelectronics S&T Solar Powered LED Street Light Product Portfolio
6.12.5 Shenzhen Spark Optoelectronics S&T Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Solar Powered LED Street Light Industry Chain Analysis
7.2 Solar Powered LED Street Light Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Solar Powered LED Street Light Production Mode & Process
7.4 Solar Powered LED Street Light Sales and Marketing
7.4.1 Solar Powered LED Street Light Sales Channels
7.4.2 Solar Powered LED Street Light Distributors
7.5 Solar Powered LED Street Light Customers
8 Solar Powered LED Street Light Market Dynamics
8.1 Solar Powered LED Street Light Industry Trends
8.2 Solar Powered LED Street Light Market Drivers
8.3 Solar Powered LED Street Light Market Challenges
8.4 Solar Powered LED Street Light Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
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