Industry development and company direction

The domestic market size has grown strongly
The Chinese solar lighting market is expected to reach 40 billion yuan in 2025, with a compound annual growth rate (CAGR) of approximately 15%. The core growth drivers include policy support (such as the "dual carbon" goals and rural power grid renovation) and the improvement of consumers' acceptance of green products.
The potential of the global market has been unleashed
The global market size is expected to grow at a compound annual rate of 8% by 2029. As the largest producer and consumer, China's export volume continues to rise, especially through the Belt and Road cooperation to expand into emerging markets. Bloomberg New Energy Finance predicts that the global photovoltaic installed capacity will reach 698GW in 2025, supporting the popularization of solar lighting technology.

technological upgrading drives industrial innovation
Core technological innovation
Photovoltaic cell technology: The penetration rate of N-type cells such as TOPCon and HJT has increased, the research and development of perovskite materials has accelerated, and the photoelectric conversion efficiency has exceeded 25%.
Energy storage and intelligence: The integrated photovoltaic and energy storage system, combined with 5G and Internet of Things technologies, realizes functions such as remote monitoring and energy consumption prediction. Huawei, Alibaba and other enterprises have launched smart street lamp systems integrated with AI.
The direction of enterprise product iteration
Products are developing towards modularization and lightweighting to reduce installation and maintenance costs. The proportion of smart lamps has risen from 12% in 2020 to 35% in 2025.

Diversified expansion of application scenarios
Deepening of traditional fields
Urban road lighting remains the main force (accounting for 45% of the market share), and the penetration rate of solar street lamps in the construction of beautiful villages has reached over 60%
The rise of emerging scenarios
Smart city: An intelligent street lamp system integrating environmental monitoring and security functions is applied to urban management
Agriculture and indoor lighting: The demand for photovoltaic greenhouse supplementary lighting systems and home energy storage lighting solutions has soared, with the coverage rate in rural areas exceeding 50%

Challenges and Coping Strategies
Existing pain points
The initial installation cost is still 30%-50% higher than that of traditional lamps. The technological maturity is insufficient, and the energy storage duration and stability in extreme weather need to be improved
The direction for the company to break through
The enterprise will increase its investment in research and development (estimated to account for 8% to 10% of its revenue), expand overseas certifications (such as the EU CE standard), and lay out distributed energy system solutions

Future Trend Prediction
Intelligence and energy integration: From 2025 to 2030, integrated photovoltaic storage and charging systems will become mainstream, and it is expected that the cost of intelligent control modules will drop by another 40%