Against the backdrop of global advocacy for sustainable development and green energy transition, the solar street light market is undergoing profound changes and exhibiting strong growth momentum. In recent years, solar street lights, with their significant advantages such as energy saving, environmental friendliness, and ease of installation, have been widely used in municipal roads, rural lighting, and industrial park construction, leading to continuous market expansion.

Market data shows that the solar street light market has experienced significant growth in the past few years. According to market research institutions, the global solar street light market reached over $6 billion in 2024, a 13% increase over the previous year. This growth is attributed to the combined effect of several key factors. At the policy level, governments worldwide have introduced policies to encourage the development of renewable energy, creating a favorable policy environment for the solar street light market. For example, the European Union has set strict carbon reduction targets, prompting member states to increase the application of clean energy such as solar power. Solar street lights, as a green lighting solution, are widely adopted in urban and rural lighting projects. China has also promoted the widespread adoption of solar street lights in rural lighting projects and urban infrastructure construction through a series of subsidies and support policies, greatly stimulating market demand.

Technological innovation is also a core driving force for market growth. Solar panel conversion efficiency has been continuously improving, from 8% in the early days to around 9% currently, with some high-end products even exceeding 10%. This allows solar streetlights to collect sufficient electrical energy in a shorter time, improving the stability and duration of lighting. Advances in energy storage technology are equally significant. The application of new lithium batteries and lithium iron phosphate batteries has not only extended battery life but also enhanced their performance in extreme temperature environments, effectively solving the power supply problems of solar streetlights on cloudy days and in winter. The integration of intelligent control technology has endowed solar streetlights with more functions, such as light-sensing control, human body sensing control, and remote monitoring and management functions, realizing intelligent dimming and energy-saving operation of streetlights, further enhancing the product's market competitiveness.

Looking ahead, the global solar streetlight market will continue its rapid growth. It is projected that by 2030, the market size will exceed 120 billion US dollars, with a compound annual growth rate (CAGR) of 30% during 2025-2030. With the popularization of 5G technology and the development of the Internet of Things, solar streetlights will evolve towards greater intelligence and networking, deeply integrating with smart city systems. At that time, solar streetlights will not only provide basic lighting but will also become nodes for urban data collection, gathering information such as traffic flow and environmental parameters to provide data support for urban management and decision-making. This will further expand the market space and application value of solar streetlights.