Opportunities Preloader

Please Wait.....

Report

ASEAN Solar Lighting Market Report and Forecast 2025-2034

Market Report I 2025-07-15 I 147 Pages I EMR Inc.

The ASEAN solar lighting market size is expected to grow at a CAGR of 7.20% between 2025 and 2034. The major drivers of the market include introduction of incentives by various governments to promote the utilisation of solar operated electrical devices and the increasing demand for energy efficient lighting.

Key Trends in the Market

Solar lighting is a lighting system that is powered by the rays of sun; the solar panel collects solar energy during daytime and stores it in a battery, which then powers the light during night-time. The essential components of solar lighting include solar panels, high-efficiency fixtures, controllers, and rechargeable batteries.

- The key trends boosting the growth of the ASEAN solar lighting market include the rising demand for decorative lighting in residential and commercial sectors. Growing adoption of decorative solar lightings to increase the aesthetic appearance of homes and commercial spaces is expected to propel the growth of the market for solar lighting in the ASEAN.

- Technological advancements in solar lighting, including introduction of improved battery functioning and backup systems to allow the functioning of light for several days, is another crucial trend fuelling the growth of the ASEAN solar lighting market. Due to technological advancements, solar lighting can also be customised on the basis of weather patterns and locations.

- Another crucial trend aiding the growth of the ASEAN solar lighting market is the low cost of solar lighting systems. The cost-efficient nature of solar lighting is expected to increase their utilisation over the forecast period. The zero costs of drop meters and grid power have made the adoption of solar lighting cost effective and preferrable.

Market Segmentation

The EMR's report titled "ASEAN Solar Lighting Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Street Light
- Bulb/Tube Light
- Decorative Light
- Others

Market Breakup by Application

- Residential
- Commercial
- Industrial
- Public Sector

Market Breakup by Region

- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Others

Market Share by Application

Residential applications of solar lighting are anticipated to account for a considerable share in the ASEAN solar lighting market in the upcoming years. This can be attributed to the unreliable supply of electricity in various regions of the ASEAN countries. Even with grid connections, round the clock provision of electricity is not assured. Solar lighting is an economical and viable solution to such uncertainties by charging at daytime and offering lighting at night-time. Additionally, growing popularity of decorative lighting is also fuelling the utilisation of solar lights in residential areas, positively contributing towards the growth of the market for solar lighting.

Market Share by Country

By country, Vietnam occupies a sizable share of the ASEAN solar lighting market due to its well established and growing network of solar power. Backed by government support for electricity availability, and strong support from the public towards clean energy, the country leads in renewable power generation for solar and wind power. Other growth opportunities of the market for solar lighting in Vietnam include government incentives, a positive investment environment, and reduced costs of solar panels in the country. Investments in renewable energy sources have increased in the past few years further aiding the growth of the market for solar lighting in Vietnam. Furthermore, the environment friendly nature of solar lighting has also increased its adoption in Vietnam.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the ASEAN solar lighting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Eliossive Sdn. Bhd.

Eliossive Sdn. Bhd.was established in 2011 and is headquartered in Kuala Lumpur, Malaysia. The company specialises in turnkey solar system solutions and solar lighting products. Their services encompass various solar sectors namely solar traffic management equipment for MRT projects, solar billboard lighting, solar streetlights, and on/off solar grid systems.

SOL-Lite (M) Sdn Bhd

SOL-Lite (M) Sdn Bhd,founded in 2001 and based out of Selangor in Malaysia, specialises in solar power system products and services. Their products are customised and designed to meet the specific needs of customers and equipment. They manufacture and design PV-generator hybrids, integrated solar power systems, and grid-tie systems.

Greenmax Lighting Pte Ltd

Greenmax Lighting Pte Ltdwas established in 2009 and is headquartered in Bedok in Singapore. The company focuses on solar lighting and LED, with a focus on delivering eco-friendly light products that are of high quality and affordable nature. Greenmax is one of the leading market players for lighting products.

Other market players include LIGMAN Lighting Co.,Ltd., Green Age Solar Technology, Lekise Lighting Co., Ltd., Lighting And Equipment Public Company Limited, Utica Private Limited, FSI Vietnam Company Limited, and Minh Hung Long Production Trading Co., Ltd (Paragon), among others.

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 ASEAN Solar Lighting Market Overview
5.1 Key Industry Highlights
5.2 ASEAN Solar Lighting Historical Market (2018-2024)
5.3 ASEAN Solar Lighting Market Forecast (2025-2034)
6 ASEAN Solar Lighting Market by Type
6.1 Street Light
6.1.1 Market Share
6.1.2 Historical Trend (2018-2024)
6.1.3 Forecast Trend (2025-2034)
6.2 Bulb/Tube Light
6.2.1 Market Share
6.2.2 Historical Trend (2018-2024)
6.2.3 Forecast Trend (2025-2034)
6.3 Decorative Light
6.3.1 Market Share
6.3.2 Historical Trend (2018-2024)
6.3.3 Forecast Trend (2025-2034)
6.4 Others
7 ASEAN Solar Lighting Market by Application
7.1 Residential
7.1.1 Market Share
7.1.2 Historical Trend (2018-2024)
7.1.3 Forecast Trend (2025-2034)
7.2 Commercial
7.2.1 Market Share
7.2.2 Historical Trend (2018-2024)
7.2.3 Forecast Trend (2025-2034)
7.3 Industrial
7.3.1 Market Share
7.3.2 Historical Trend (2018-2024)
7.3.3 Forecast Trend (2025-2034)
7.4 Public Sector
7.4.1 Market Share
7.4.2 Historical Trend (2018-2024)
7.4.3 Forecast Trend (2025-2034)
8 ASEAN Solar Lighting Market by Country
8.1 Malaysia
8.1.1 Market Share
8.1.2 Historical Trend (2018-2024)
8.1.3 Forecast Trend (2025-2034)
8.1.4 Breakup by Type
8.1.5 Breakup by Application
8.2 Philippines
8.2.1 Market Share
8.2.2 Historical Trend (2018-2024)
8.2.3 Forecast Trend (2025-2034)
8.2.4 Breakup by Type
8.2.5 Breakup by Application
8.3 Singapore
8.3.1 Market Share
8.3.2 Historical Trend (2018-2024)
8.3.3 Forecast Trend (2025-2034)
8.3.4 Breakup by Type
8.3.5 Breakup by Application
8.4 Thailand
8.4.1 Market Share
8.4.2 Historical Trend (2018-2024)
8.4.3 Forecast Trend (2025-2034)
8.4.4 Breakup by Type
8.4.5 Breakup by Application
8.5 Vietnam
8.5.1 Market Share
8.5.2 Historical Trend (2018-2024)
8.5.3 Forecast Trend (2025-2034)
8.5.4 Breakup by Type
8.5.5 Breakup by Application
8.6 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyers Powers
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Supplier Selection
10.2 Key Global Players
10.3 Key Regional Players
10.4 Key Player Strategies
10.5 Company Profiles
10.5.1 Eliossive Sdn. Bhd.
10.5.1.1 Company Overview
10.5.1.2 Product Portfolio
10.5.1.3 Demographic Reach and Achievements
10.5.1.4 Certifications
10.5.2 SOL-Lite (M) Sdn Bhd
10.5.2.1 Company Overview
10.5.2.2 Product Portfolio
10.5.2.3 Demographic Reach and Achievements
10.5.2.4 Certifications
10.5.3 Greenmax Lighting Pte Ltd
10.5.3.1 Company Overview
10.5.3.2 Product Portfolio
10.5.3.3 Demographic Reach and Achievements
10.5.3.4 Certifications
10.5.4 LIGMAN Lighting Co.,Ltd.
10.5.4.1 Company Overview
10.5.4.2 Product Portfolio
10.5.4.3 Demographic Reach and Achievements
10.5.4.4 Certifications
10.5.5 Green Age Solar Technology
10.5.5.1 Company Overview
10.5.5.2 Product Portfolio
10.5.5.3 Demographic Reach and Achievements
10.5.5.4 Certifications
10.5.6 Lekise Lighting Co., Ltd.
10.5.6.1 Company Overview
10.5.6.2 Product Portfolio
10.5.6.3 Demographic Reach and Achievements
10.5.6.4 Certifications
10.5.7 Lighting And Equipment Public Company Limited
10.5.7.1 Company Overview
10.5.7.2 Product Portfolio
10.5.7.3 Demographic Reach and Achievements
10.5.7.4 Certifications
10.5.8 Utica Private Limited
10.5.8.1 Company Overview
10.5.8.2 Product Portfolio
10.5.8.3 Demographic Reach and Achievements
10.5.8.4 Certifications
10.5.9 FSI Vietnam Company Limited
10.5.9.1 Company Overview
10.5.9.2 Product Portfolio
10.5.9.3 Demographic Reach and Achievements
10.5.9.4 Certifications
10.5.10 Minh Hung Long Production Trading Co., Ltd (Paragon)
10.5.10.1 Company Overview
10.5.10.2 Product Portfolio
10.5.10.3 Demographic Reach and Achievements
10.5.10.4 Certifications
10.5.11 Others

  • Not Sure / Need Reassuring
    • Confirm Content
      • Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:

        Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.

        Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.

        Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.

    • Sample Pages
      • With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.

        It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.

        To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Check for Alternatives
      • Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.

        To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.

  • Prices / Formats / Delivery
    • Prices
      • All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.

        Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Discounts
      • As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.

        Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.

        To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Available Currencies
      • Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.

        Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.

        To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.

    • Licenses
      • License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Global Site License
      • The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.

        It is important to note that this may exclude Parent Companies or Subsidiaries.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Formats
      • The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.

        If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.

    • Delivery
      • Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.

        Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.

        If a delay in delivery is expected you will be informed about it immediately.

    • Shipping Charges
      • As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.

        If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.

  • Ordering
    • By Credit Card
      • We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.

        Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.

        For more information on PayU please visit: https://www.payu.pl/en/about-us

    • By Money Transfer
      • If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.

        With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.

  • Security
    • Website security
      • We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.

        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

PLEASE SELECT LICENSE