Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,291.5 million | USD 12303.5 million | 15.1% | 2021 |
FrequentlyAsked Questions
Increasing focus on sustainability and the rising popularity of solar lighting solutions are some major trends that guide solar street lighting market growth.
According to the Market Research report, the global solar street lighting market was worth about US$ 5,291.5 million in 2021 and is predicted to grow to around US$ 12303.5 million by 2028, with a compound annual growth rate (CAGR) of around 15.1 percent.
The Asia Pacific region leads the global solar street lighting market in terms of revenue and volume share and this can be attributed to rapid industrialization and urbanization in this region
Some of the main competitors dominating the global solar street lighting market include -- Philips Lighting Holding B.V., Bridgelux, Inc., Omega Solar, Dragons Breath Solar, Solektra International, SOKOYO Solar Group, Sunna Design, Solar Street Lights USA, Urja Global Ltd.
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