It is expected that the global market size of solar LED street lights will reach 17.872 billion US dollars by 2029, with a compound annual growth rate of 13.40% from 2024 to 2029.

Analysis of Market Driving Factors
Due to the growing demand for energy-saving lighting solutions, the solar LED street light market will experience significant growth.
The government's promotion of smart cities and smart grid systems is also expected to further drive the growth of the solar LED street light market.
In addition, rapid urbanization has led to an increasing demand for streetlights in both rural and urban areas, promoting the development of a safe environment and benefiting the growth of this market.

Product segmentation analysis
In 2024, the grid connected segment will hold the largest market share of 51.5%. Due to some government regulations such as on grid electricity prices and net metering, it is expected that grid connected systems will dominate the market during the forecast period.

Component segmentation analysis
In 2024, the lamp post segment will occupy the largest market share due to its advantages of low maintenance, universal installation, long lifespan, environmental friendliness, and no RF interference. In addition, solar LED street lights are widely used in parking lots, gardens, parks, streets, warehouses, outdoor places, prisons, and more.

Final use segmentation analysis
In 2024, the industrial sector will occupy the largest market share, which can be attributed to the increase of advanced intelligent control network companies and on-site power generation. In addition, the technological advancements in sustainable production and the increasing demand for better energy optimization are expected to further drive the growth of this segment.
Regional segmentation analysis

In 2024, the Asia Pacific region is the largest regional market with a share of 36.8%. With the reduction of product costs and the growth of production facilities, the government continues to promote the use of energy-saving lighting solutions. Therefore, the increase in solar energy projects, coupled with the demand for better energy management systems, is expected to drive market growth in the area.