Illuminating Tomorrow: Harnessing Solar Power for Sustainable and Efficient Lighting Solutions in Modern Living

Solar lighting utilizes solar energy to power lighting systems, converting sunlight into electricity through photovoltaic cells. Commonly used for outdoor spaces, pathways, and street lighting, it offers a sustainable and cost-effective alternative to traditional grid-powered lights. Solar lighting is particularly beneficial in remote areas with limited access to electricity, contributing to energy independence and environmental conservation. Its applications range from residential landscapes to public infrastructure, providing reliable illumination while minimizing carbon footprint and electricity expenses.

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Data Bridge Market Research analyses that the India Solar Lighting Market, which was USD 187.78 million in 2021, is expected to reach USD 650.44 million by 2029, at a CAGR of 16.8% from 2022 to 2029. Government incentives play a pivotal role in driving the adoption of solar lighting technologies by providing supportive policies and financial benefits, fostering a sustainable and eco-friendly approach to lighting solutions.

Key Findings of the Study

Rising infrastructure development is expected to drive the market's growth rate

The surge in infrastructure development across India's highways, railways, inland waterways, ports, and aviation significantly propels the solar lighting market. As these projects expand, the demand for reliable and sustainable lighting solutions rises. Solar lighting, with its independence from traditional power grids, becomes crucial, offering efficient illumination for newly developed infrastructures. This synergy between infrastructure growth and solar lighting underscores the sector's pivotal role in advancing sustainable and energy-efficient practices within India's expanding development landscape.

Report Scope and Market Segmentation

Segment Analysis:

The solar lighting market is segmented on the basis of components, light source, grid type, capacity, end use, application, installation type, and sales channel.

• On the basis of the components, the India solar lighting market is segmented into hardware software, and services
• On the basis of the light source, the India solar lighting market is segmented into LED and others.
• On the basis of the grid type, the India solar lighting market is segmented into off-grid and hybrid
• On the basis of the capacity, the India solar lighting market is segmented into less than 5 watt, 5 watt to 20 watt, 20 watt to 35 watt, 35 watt to 50 watt, and above 50 watt
• On the basis of the end use, the India solar lighting market is segmented into highways and roadways lighting, residential, commercial, industrial, and others
• On the basis of the applications, the India solar lighting market is segmented into indoor and outdoor
• On the basis of the installation type, the India solar lighting market is segmented into new and retrofit
• On the basis of the sales channel, the India solar lighting market is segmented into direct sales, wholesales/retails, and online

Major Players

Data Bridge Market Research recognizes the following companies as the major India solar lighting market players in India solar lighting market are NESSA (India), Solmitra Power & Steel Pvt Ltd. (India), Easy Photovoltech Private Limited (India), Sun World Solar Systems (India), Solex Energy Limited (India)

Market Developments

• In June 2023, Streetleaf launched a solar streetlight product line, delivering dependable, eco-friendly lighting for urban and rural locales. The lights eliminate the need for electrical wiring, ensuring cost-effectiveness compared to grid-dependent alternatives. Notably, their swift installation, taking less than 15 minutes, addresses the demand for efficient and easily deployable lighting solutions in diverse environments
• In June 2021, Wipro Lighting and Enlighted entered a strategic partnership to leverage Enlighted's IoT solutions for innovating solar farms, panels, and commercial building solutions. This partnership aimed at enhancing Wipro Lighting's market presence in solar and commercial lighting segments. By integrating IoT capabilities, the companies sought to deliver advanced and efficient lighting solutions, targeting diverse customer segments and expanding their market share
• In May 2021, Greenshine New Energy, a leading solar lighting company, collaborated with Balboa Solutions, announcing funding assistance for clients in solar lighting projects. This collaboration not only fosters economic growth but also aids in carbon emission reduction. Recognized for offering energy-efficient solutions, it extends illumination support to diverse projects, encompassing commercial, residential, and industrial sectors
• In March 2020, Signify collaborated with SRF Foundation, illuminating five school playgrounds in Mewat, Haryana, with solar lighting solutions. This strategic collaboration not only enhances the educational environment in rural India but also serves as a platform for Signify to promote and increase sales of its solar lighting products, contributing to sustainable and energy-efficient initiatives in the region

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