Solar lighting applications - White paper

AN EMERGING TREND In the changed post-COVID business landscape, the global market for solar street lighting, estimated at €5.65 billion in 2022 , is projected to reach €20.6 billion by 2030 , growing at a CAGR of 17.5% over the period 2022-2030 1 . The LED segment alone is expected to grow significantly, with a projected CAGR of 22.1% and reaching €17.4 billion by the end of 2030 . This growth can be attributed to the increasing maturity of LED technology, which has led to a significant decrease in prices and an increase in efficiency. As a result, LED-based solar street lighting solutions are becoming more accessible and cost-effective, driving their adoption across various geographies.


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