Overall growth data
According to the TikTok video content on August 13, 2024, due to the popularity of solar energy and green energy, solar lighting will grow by more than 70% globally in 2024, of which solar
Street Lights will grow by more than 60%.
Market size data
According to the report of Hunan Ruiliu Information Consulting Co., Ltd., the global
Solar Street Lamp market will reach 27.639 billion yuan in 2022. It is predicted that by 2028, the global market size will reach 58.802 billion yuan, and the average annual compound growth rate is expected to fluctuate around 13.73%.
Regional data
The North American and European markets still occupy an important position in the global lighting industry, and according to Alibaba International, the size of the Asian and Middle Eastern markets will continue to increase in 2024. Although the overall scale of the African and South American markets in the lighting industry is relatively small, it is growing rapidly.
China-related data
According to the data of Alibaba International Station, from January to May 2024, China's total exports of lamps and lighting were about 16.4 billion US dollars, an increase of 7.5% year-on-year. Considering the growth trend of solar street lights in the overall lighting industry and China's important position in lamp exports, it can be speculated that China's solar street lamp exports are also growing.
Competitive pattern data
The core enterprises in the global solar street lamp market mainly include Philips Lighting Holding, Sunna Design, Sokoyo Solar Group, Omega Solar, Urja Global L Td and so on. According to the relevant report of Hengzhou Bozhi, in the field of compact integrated solar street lights, the research list of enterprises includes Philips, Jiawei New Energy, Qinshang Optoelectronics, Tuori New Energy, etc.
Application field data
Solar street lights are mainly used in commercial, industrial, residential and municipal infrastructure fields. The demand for solar street lights in the field of municipal infrastructure is relatively stable and large-scale, such as the lighting demand for urban roads, squares, parks and other places; in the residential field, it is mainly used for lighting on community roads, courtyards, etc. With the increase in people's awareness and demand for green energy, the demand is also gradually increasing; in the commercial field, such as Solar street lights are also increasingly used in commercial squares, parking lots, etc.
Product segmentation data
In terms of product types, the solar street lamp market includes light-emitting diodes (LED), compact fluorescent lamps (CFL) and other types. Among them,
Led Solar Street Light，
LED Street Light，Street Light occupy a dominant position in the market due to their advantages of energy saving, long life and high brightness, and their market share is still expanding. In terms of product form, there are compact
All-In-One Solar Street Lights, etc. According to the report of Hengzhou Bozhi, its research product types also include stand-alone, network-connected, etc.
Although the above data and information do not fully cover all aspects of the global
Solar Street Light industry in 2024, it roughly reflects some important trends and situations in the industry.
