time:2025-04-04 source: Views:0
The solar street lighting market size has grown rapidly in recent years. It will grow from $10.39 billion in 2024 to $12.18 billion in 2025 at a compound annual growth rate (CAGR) of 17.3%.
Inspiringly, the market size for solar street lighting is predicted to have speedy expansion in the coming years. It's projected to reach $22.79 billion by 2029 with a compound annual growth rate (CAGR) of 17.0%. The various factors contributing to this progression during the forecast period include burgeoning markets in developing regions, increasing energy charges and demand, environmental consciousness and sustainability targets, alongside government backing and regulation. Key trends expected in this period comprise hybrid solar lighting systems, employing artificial intelligence (AI) for energy optimization, lighting solutions focused on community, enhanced durability including weather resilience, along with modular and upgradable designs.