What this market covers
Photovoltaic luminaires and lighting fittings that use only light-emitting diode sources.
Typical segments
- Solar street lights
- Solar garden lights
- Solar flood lights
- Solar security lights
Why this market is moving now
- World trade shrank 18% from 2022 to 2024, a direct read on cross-border demand.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of solar LED light fitting (HS 940541) were worth $2.64 billion in 2024. | 2.64 USD billion | 2024 | |
| World exports were 18% lower in 2024 than in 2022 ($3.22 billion), calculated from the annual totals. | -18 % since 2022 | 2024 | |
| China was the largest exporter in 2024, with 60% of world exports ($1.59 billion). | 60 % of world exports | 2024 | |
| The three largest exporters, China, Italy and Vietnam, shipped 67% of world exports in 2024. | 67 % of world exports | 2024 | |
| The United States was the largest importer in 2024, buying $770.3 million, or 29% of world imports. | 29 % of world imports | 2024 | |
| 54 countries exported more than $1 million of this product in 2024. | 54 countries | 2024 | |
| The average world export price was about $10.14 per kilogram in 2024, calculated from value and weight. | 10.14 USD per kg | 2024 | |
| Countries exported 260.7 thousand tonnes of this product in 2024. | 260.7 thousand tonnes | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Municipalities
- Developers
- Off-grid project buyers
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global solar LED light fitting market?
There is no single official market total. World exports of HS 940541 reached $2.64 billion in 2024, a direct measure of cross-border trade.
Which countries export the most solar LED light fitting?
China led world exports in 2024 with 60% of the total, followed by Italy, Vietnam and Germany.
Which countries import the most solar LED light fitting?
The United States was the largest importer in 2024, followed by Germany, the United Kingdom and France.
Is world trade in solar LED light fitting growing?
World exports were 18% lower in 2024 than in 2022.
What is the average export price of solar LED light fitting?
Dividing world export value by weight gives about $10.14 per kilogram in 2024.
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