In 2019, the standalone category on the basis of structure type witnessed the fastest growth in the solar street lighting market, and is expected to maintain its pace over the forecast period. Moreover, standalone solar street lights are do not connected with the grid for the power supply.
During the historical period (2014–2019), APAC held the largest share in the global solar street lighting industry, due to increasing infrastructure projects and government initiatives in China, India, Japan, Australia, and South Korea for the deployment of solar lighting systems.
According to the International Energy Agency (IEA), China was the largest market in the APAC region in 2019 for the implementation of solar lighting system solutions and accounted for 42.8% share in total global solar photovoltaic (PV) capacity.
The solar lighting market, by application, is segmented into highways & roadways, industrial, commercial, residential, and other subsegments. Commercial application is expected to hold the largest share of the solar lighting system market during the forecast period.
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