APAC Solar Street Lighting Market

APAC Solar Street Lighting Market Overview:

As per MRFR analysis, the APAC Solar Street Lighting Market Size was estimated at 717.18 (USD Million) in 2023. The APAC Solar Street Lighting Market Industry is expected to grow from 824.65(USD Million) in 2024 to 3,063.26 (USD Million) by 2035. The APAC Solar Street Lighting Market CAGR (growth rate) is expected to be around 12.67% during the forecast period (2025 - 2035).

Key APAC Solar Street Lighting Market Trends Highlighted

The APAC Solar Street Lighting Market is experiencing significant growth driven by the increasing emphasis on renewable energy sources and sustainability initiatives across the region. Countries like India, China, and Japan have set ambitious renewable energy targets, pushing investments towards solar technology. The demand for energy-efficient solutions is pushing more municipalities to adopt solar street lights as a means to reduce electricity costs and improve public safety. Additionally, supportive government policies, including tax incentives and subsidies, are acting as key market drivers encouraging the deployment of solar street lighting systems throughout urban and rural areas.Opportunities in this market are vast, with the growing trend towards smart cities becoming increasingly prominent. Integrating solar street lights with smart technology and IoT solutions can help in efficient energy management, real-time monitoring, and enhanced public safety. Furthermore, the rural electrification efforts by governments in nations like India and Bangladesh underline the potential for solar street lights to provide affordable lighting solutions in underserved regions. Recent times have seen a surge in technological advancements in solar street lighting, such as improved battery storage systems and energy-efficient LED technology.The focus on upgrading existing infrastructure with solar lighting solutions contributes to the modernization of urban spaces while reducing environmental impact. As the region continues to urbanize rapidly, the installation of solar street lights is becoming a preferred alternative, reflecting a shift in how cities approach energy consumption and sustainability in the APAC region. The convergence of these trends suggests a promising trajectory for the solar street lighting market, making it an essential component of urban planning and development in APAC.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

APAC Solar Street Lighting Market Drivers

Government Initiatives and Support for Renewable Energy

Government programs that support renewable energy sources are a major factor in the expansion of the Asia-Pacific (APAC) solar street lighting market. As part of their pledges to cut greenhouse gas emissions, some nations, especially China and India, have set aggressive goals for the use of solar energy. For example, the Ministry of New and Renewable Energy in India has set a goal to attain 175 GW of renewable energy capacity by 2022, with a focus on the adoption of solar power. The creation of several Public-Private Partnerships is the outcome of this government effort, which is backed by significant budgetary commitments. The International Renewable Energy Agency reports that as of 2021, more than 28% of APAC's installed power generating capacity came from renewable sources, pointing to a significant shift toward greener energy options like solar street lighting. The rise of the APAC Solar Street Lighting Market Industry has also been made possible by the Asian Development Bank's consistent funding of renewable projects throughout Asia, which has sped up the deployment of solar technology and associated infrastructure.

,Increasing Urbanization and Infrastructure Development

As urbanization accelerates in the APAC region, the demand for advanced infrastructure, including street lighting solutions, significantly increases. According to the United Nations, around 54% of the Asia-Pacific population lived in urban areas in 2019, a figure projected to rise to 64% by 2030. This increasing urban population necessitates improved public safety measures, among which street lighting is crucial. Countries like Indonesia and Vietnam are rapidly expanding their urban infrastructure, implementing smart city initiatives that incorporate solar street lighting solutions to enhance energy efficiency and reliability.The potential reduction in electricity costs through solar installations directly influences municipal budgets and resource allocation, making solar street lights an attractive option. Thus, the growth in urbanization in APAC directly fuels the APAC Solar Street Lighting Market Industry.

Cost-effectiveness and Technological Innovations

Technological advancements and declining costs associated with solar panels and batteries play a critical role in the expansion of the APAC Solar Street Lighting Market Industry. According to specific industry reports, the cost of solar technologies has reduced by approximately 82% since 2010, which is encouraging both private and public sectors to invest in solar street lighting. Innovations in energy storage, such as enhanced lithium-ion batteries, allow for better energy management, extending the operational hours of solar street lights.Countries like China have emerged as leading manufacturers of solar technology, enabling lower prices through economies of scale. As of 2022, China's solar manufacturing capacity accounted for around 75% of the global market share, which facilitates the widespread adoption of cost-effective solar lighting solutions across APAC. This technological evolution further drives the growth trajectory of the APAC Solar Street Lighting Market Industry.

APAC Solar Street Lighting Market Segment Insights:

Solar Street Lighting Market Type Insights

The APAC Solar Street Lighting Market is undergoing significant transformation with its distinct Type segment, which encompasses both Standalone and On Grid categories. This region is witnessing a pronounced shift towards sustainable and enhanced urban lighting solutions driven by factors such as environmental concerns, rising energy costs, and a robust push from governments to adopt renewable energy sources. Standalone systems are gaining traction due to their ability to operate independently without a connection to the grid, making them particularly valuable in remote or off-grid locations within APAC.The demand for Standalone solar street lighting is spurred by the need for efficient lighting solutions that do not depend on conventional energy sources, reflecting a growing consciousness towards green energy. On the other hand, the On Grid segment is characterized by systems that are connected to the national grid, facilitating energy savings and efficiency by allowing excess energy generated during the day to be fed back into the grid. In urban areas where infrastructure is established, On Grid systems are seen as a practical solution, offering cost efficiency and reduced installation complexity.Both segments play crucial roles in contributing to the overall growth of the APAC Solar Street Lighting Market, as various countries in the region implement ambitious renewable energy targets and infrastructure modernization initiatives. Market statistics show a steady increase in deployments in these segments, fostering opportunities for manufacturers and suppliers. The ongoing urbanization trends, coupled with governmental policies aimed at promoting sustainable infrastructure, underscore the importance of these Type categories within the market.As cities across APAC seek to enhance public safety and reduce carbon footprints, both Standalone and On Grid solar street lighting solutions are poised to play essential roles in shaping the future of urban lighting landscapes. Moreover, the rising awareness surrounding smart city initiatives, which emphasize interconnected and responsive urban management, further enhances the relevance of these solutions. Overall, the Type segment of the APAC Solar Street Lighting Market signifies not just a technological evolution but also a fundamental shift in how urban environments are designed and operated to meet the needs of their residents sustainably.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Solar Street Lighting Market Product Type Insights

The APAC Solar Street Lighting Market, focused on Product Type, shows a dynamic landscape shaped by technological advancements and growing environmental concerns. Among the prominent types, Light Emitting Diodes (LED) have gained significant traction due to their energy efficiency and longer lifespan, making them a preferred choice for urban development initiatives across various APAC countries. Governments in the region are increasingly deploying LED systems as part of their smart city projects, recognizing their potential to reduce energy consumption and carbon footprint.On the other hand, Compact Fluorescent Lamps (CFL) also play a crucial role in the market, especially in rural and semi-urban areas where affordability remains a primary consideration. CFLs provide a viable alternative for solar street lighting solutions, significantly improving nighttime visibility without overwhelming local budgets. As the APAC region continues to prioritize sustainable development and infrastructure upgrades, the demand for these lighting technologies is expected to swell, supported by regulatory frameworks encouraging solar energy adoption and innovations in lighting solutions.The integration of these technologies is not only pivotal in creating safer public spaces but also aligns with regional commitments to environmental sustainability.

Solar Street Lighting Market Application Insights

The Application segment of the APAC Solar Street Lighting Market plays a crucial role in addressing urban and rural energy needs across various settings. The Residential segment is significant as it enhances safety and visibility in neighborhoods, particularly in areas lacking traditional lighting infrastructure. Additionally, the Commercial segment dominates this market, driven by the increasing requirement for sustainable energy solutions among businesses and public spaces. Industrial applications are becoming prominent as well, with industries looking to reduce costs while promoting eco-friendly practices.Growth in these segments is supported by rising awareness of renewable energy benefits and government initiatives for smart city developments. Moreover, the demand for energy-efficient lighting solutions continues to surge, reflecting an overall trend toward sustainable urban development within the APAC region. By investing in solar street lighting, municipalities and private sectors not only reduce their carbon footprint but also lower operational costs, making this market segment essential for the region's growth trajectory as it adapts to modern energy challenges and opportunities.

APAC Solar Street Lighting Market Key Players and Competitive Insights:

The APAC Solar Street Lighting Market has observed significant growth and competitive dynamics in recent years, largely driven by the demand for sustainable urban infrastructure and renewable energy solutions. This market features a mix of established players and new entrants, each vying for a share amid increasing government initiatives to promote green technology and reduce carbon emissions. The competition is characterized by innovation in product offerings, enhancements in efficiency, pricing strategies, and the establishment of strategic partnerships to strengthen market presence. As cities in Asia-Pacific explore alternatives to traditional street lighting, the integration of solar technology presents an attractive proposition, leading to heightened competition among manufacturers and service providers.Signify has established itself as a prominent player in the APAC Solar Street Lighting Market through its advanced lighting solutions and innovative technology. The company’s strong emphasis on sustainability aligns well with the regional push toward renewable energy adoption, allowing it to capture significant market share. By leveraging its research and development capabilities, Signify offers cutting-edge solar street lighting systems that boast high energy efficiency and smart connectivity features. Its strong brand recognition and extensive distribution network enable it to serve diverse customer segments effectively, from government projects to private enterprises. Signify’s strengths in this region hinge on its leadership in the lighting industry, commitment to sustainability, and ability to rapidly adapt to changing market demands and regulatory frameworks.LUXMAN is also a notable competitor within the APAC Solar Street Lighting Market, recognized for its innovative solar products and solutions that cater to both urban and rural lighting needs. The company offers a diverse range of solar street lighting solutions that include features like remote monitoring and smart lighting controls, which enhance the efficiency and effectiveness of street lighting systems. LUXMAN has made strategic efforts to expand its market presence in the region through collaborations and partnerships, bolstering its operational capabilities and service outreach. Its commitment to quality engineering and customer satisfaction strengthens its position in the competitive landscape. Additionally, LUXMAN has engaged in mergers and acquisitions to acquire technological capabilities and expand its portfolio, allowing it to better meet the evolving demands of the APAC market. With a robust suite of products and a keen focus on innovation, LUXMAN is well-equipped to maintain its competitive edge in this burgeoning sector.

Key Companies in the APAC Solar Street Lighting Market Include:

Signify

LUXMAN

Philips Lighting

Havells India

Ameon

SECAP

Schneider Electric

SuKam Power Systems

Enlighten

Greenshine New Energy

Solektra International

SolarOne Solutions

Sunna Design

Simply Solar

Ironridge

APAC Solar Street Lighting Market Industry Developments

The APAC Solar Street Lighting Market has seen significant developments in recent months, driven by an increasing emphasis on sustainable urban infrastructure. In September 2023, Signify announced the launch of a new solar-powered street lighting solution designed to enhance energy efficiency in cities across the region. Similarly, Havells India unveiled a range of solar street lights aimed at promoting renewable energy adoption among local municipalities. In August 2023, Schneider Electric's investment in smart solar street lighting technology highlighted the growing trend towards integrating IoT solutions in energy-efficient lighting systems. The market valuation for solar street lighting solutions in the APAC region is projected to reach USD 8 billion by 2025, owing to the rising demand for eco-friendly lighting options, which is impacting the growth of companies like Philips Lighting and LUXMAN. Furthermore, in June 2023, Greenshine New Energy entered into a strategic partnership to expand its market reach within the region, emphasizing collaborations as a vital strategy in this competitive landscape. The focus on reducing carbon footprints and enhancing urban mobility continues to steer developments in this market as municipalities increasingly prioritize sustainable practices.

APAC Solar Street Lighting Market Segmentation Insights

Solar Street Lighting Market Type Outlook

Standalone

On Grid

Solar Street Lighting Market Product Type Outlook

Compact Fluorescent Lamps (CFL)

Light Emitting Diode (LED)

Solar Street Lighting Market Application Outlook

Residential

Commercial

Industrial

Solar Street Lighting Market Regional Outlook

China

India

Japan

South Korea

Malaysia

Thailand

Indonesia

Rest of APAC

APAC Solar Street Lighting Market Segmentation

• Solar Street Lighting Market By Type (USD Million, 2019-2035)

  • Standalone

  • On Grid

• Solar Street Lighting Market By Product Type (USD Million, 2019-2035)

  • Compact Fluorescent Lamps (CFL)

  • Light Emitting Diode (LED)

• Solar Street Lighting Market By Application (USD Million, 2019-2035)

  • Residential

  • Commercial

  • Industrial

• Solar Street Lighting Market By Regional (USD Million, 2019-2035)

  • China

  • India

  • Japan

  • South Korea

  • Malaysia

  • Thailand

  • Indonesia

  • Rest of APAC

Solar Street Lighting Market Regional Outlook (USD Million, 2019-2035)

• APAC Outlook (USD Million, 2019-2035)

  • APAC Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • APAC Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • APAC Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • APAC Solar Street Lighting Market by Regional Type

    • China

    • India

    • Japan

    • South Korea

    • Malaysia

    • Thailand

    • Indonesia

    • Rest of APAC

  • CHINA Outlook (USD Million, 2019-2035)

  • CHINA Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • CHINA Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • CHINA Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • INDIA Outlook (USD Million, 2019-2035)

  • INDIA Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • INDIA Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • INDIA Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • JAPAN Outlook (USD Million, 2019-2035)

  • JAPAN Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • JAPAN Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • JAPAN Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • SOUTH KOREA Outlook (USD Million, 2019-2035)

  • SOUTH KOREA Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • SOUTH KOREA Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • SOUTH KOREA Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • MALAYSIA Outlook (USD Million, 2019-2035)

  • MALAYSIA Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • MALAYSIA Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • MALAYSIA Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • THAILAND Outlook (USD Million, 2019-2035)

  • THAILAND Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • THAILAND Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • THAILAND Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • INDONESIA Outlook (USD Million, 2019-2035)

  • INDONESIA Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • INDONESIA Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • INDONESIA Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial

  • REST OF APAC Outlook (USD Million, 2019-2035)

  • REST OF APAC Solar Street Lighting Market by Type

    • Standalone

    • On Grid

  • REST OF APAC Solar Street Lighting Market by Product Type

    • Compact Fluorescent Lamps (CFL)

    • Light Emitting Diode (LED)

  • REST OF APAC Solar Street Lighting Market by Application Type

    • Residential

    • Commercial

    • Industrial