The India solar street lighting market size reached USD 1.07 Billion in 2024 and is projected to reach USD 3.54 Billion by 2033. The market is expected to grow at a CAGR of 14.21% during the forecast period of 2025-2033. Growth is driven by government initiatives, rural electrification, smart city projects, and declining solar panel costs, alongside rising environmental concerns and enhanced battery storage technology. The increasing adoption in highways, urban, and remote areas further boosts the market. For detailed market insights visit the India Solar Street Lighting Market. The report presents a thorough review featuring the India Solar Street Lighting Market Trends, share, growth, and research of the industry.
STUDY ASSUMPTION YEARS
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
INDIA SOLAR STREET LIGHTING MARKET KEY TAKEAWAYS
- Current Market Size: USD 1.07 Billion in 2024
- CAGR: 14.21%
- Forecast Period: 2025-2033
- The market expansion is supported by government schemes such as Atal Jyoti Yojana and the Smart Cities Mission.
- Approximately 2.72 lakh solar street lights were installed in two phases under Atal Jyoti Yojana by December 2023.
- Declining photovoltaic panel and battery costs enhance the cost-effectiveness of solar street lighting.
- Increasing adoption of smart solar street lights with IoT and remote monitoring capabilities boosts market growth.
- Domestic manufacturing under the Make in India initiative drives affordability.
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MARKET TRENDS
Government initiatives and policies play a crucial role in advancing the India solar street lighting market. The government promotes solar street lighting through programs like Atal Jyoti Yojana (AJAY) and the Smart Cities Mission. By December 2023, approximately 2.72 lakh solar street lights were installed in two phases of AJAY, helping to enhance urban and rural lighting infrastructure via renewable energy. These initiatives also include subsidies, tax benefits, and support models like FAME and RESCO, reducing initial costs and encouraging local production, which fosters market growth.
Expanding rural electrification is accelerating the demand for solar street lighting, particularly in remote areas with limited grid access. The Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) backs decentralized renewable energy solutions, positioning solar lighting as a viable alternative. Additionally, smart city developments incorporate solar-powered infrastructure to improve urban energy efficiency. The rising usage of smart solar street lights equipped with motion sensors, IoT connectivity, and remote monitoring capabilities enhances sustainability, supporting widespread deployment across rural and urban regions.
The declining costs of photovoltaic (PV) panels, lithium-ion batteries, and energy storage solutions are making solar street lighting increasingly affordable. Advances in battery technology, such as improved efficiency and longer lifespans, boost system reliability. The reduction in the levelized cost of electricity (LCOE) for solar power strengthens its competitiveness against conventional street lighting. Manufacturing innovations, economies of scale, and India’s Make in India initiative further drive cost reductions, encouraging investment by municipalities, private developers, and industrial zones.
MARKET GROWTH FACTORS
Government schemes like Atal Jyoti Yojana and Smart Cities Mission are foundational drivers of market growth by promoting solar street lighting installation. In December 2023, the government reported installation of approximately 2.72 lakh solar street lights across two phases of the Atal Jyoti Yojana. These policies are complemented by incentives such as subsidies and tax benefits under FAME and RESCO models, which reduce upfront costs and foster adoption in public and infrastructure projects nationally.
Rural electrification efforts, particularly under the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), bolster the market by providing decentralized renewable energy solutions to off-grid areas. Smart city initiatives integrating solar-powered infrastructure also expand demand by enhancing energy efficiency and sustainability in urban settings. Innovations like hybrid wind and solar LED street lighting systems demonstrate technological advancements supporting market expansion.
The continuous decline in costs of solar panels and battery storage significantly elevates the market outlook. Advances in lithium-ion battery technology increase energy storage lifespan and efficiency, improving solar light reliability. Economic factors including Make in India initiative-led domestic production, manufacturing innovations, and economies of scale contribute to affordability, enabling widespread adoption across municipalities, commercial sectors, and industrial facilities.
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MARKET SEGMENTATION
Type Insights:
- Standalone: Solar street lighting systems operating independently without auxiliary power sources.
- Hybrid: Systems combining solar power with other energy sources like wind to enhance efficiency.
- Smart: Solar street lights equipped with intelligent features such as motion sensors, IoT connectivity, and remote monitoring.
- Modular: Systems designed with interchangeable components allowing flexible configurations.
- Others: Additional solar street lighting types not categorized in the main segments.
Application Insights:
- Residential: Solar street lighting solutions intended for housing and community streets.
- Commercial: Solar lighting deployed in commercial areas including businesses and marketplaces.
- Industrial: Solar-powered street lighting systems tailored for industrial zones and facilities.
REGIONAL INSIGHTS
The report covers North India, South India, East India, and West India as key regions. Specific statistics on regional market share or CAGR are not provided in the source. Therefore, the dominant region cannot be conclusively identified.
Summary: The India solar street lighting market analysis includes detailed segmentation across four major regions without explicit data on which region holds dominance in market size or growth rate.
RECENT DEVELOPMENTS & NEWS
In September 2024, ITI Limited, a leading public sector unit and telecom manufacturer, secured a Rs 300 crore order from the Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 1,000,000 solar street lighting systems for Bihar State Government. In August 2024, Desiccant Rotors International Pvt. Ltd., part of the Pahwa Group, installed solar street lights in Dadhikar hamlet, Alwar, as a CSR initiative aimed at upgrading local electrical lighting infrastructure.
KEY PLAYERS
- ITI Limited
- Desiccant Rotors International Pvt. Ltd.
- Signify
- WindStream Energy Technologies
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