Solar Roadways Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Solar Roadways Market Report is Segmented by Material (Monocrystalline Silicon and Polycrystalline Silicon), Applications (Driveways and Parking Lots), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size and Forecasts for the Blowers Market in Revenue (USD) for the Above-Mentioned Segments.

Solar Roadways Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Solar Roadways Market Size

Solar Roadways Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 0.35 Billion
Market Size (2030) USD 1.05 Billion
CAGR (2025 - 2030) 24.60 %
Fastest Growing Market Asia Pacific
Largest Market North America and Europe
Market Concentration Medium

Major Players

Solar Roadways Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Solar Roadways Market Analysis

The Solar Roadways Market size is estimated at USD 0.35 billion in 2025, and is expected to reach USD 1.05 billion by 2030, at a CAGR of 24.6% during the forecast period (2025-2030).

  • Over the medium term, the growing adoption of renewable energy, increasing environmental concerns, and growing efforts in sustainable infrastructure to reduce carbon footprints are expected to drive the growth of the solar highways market.
  • The high initial cost associated with developing the infrastructure, repairing the cost of the solar panels, and performance limitations-related challenges are expected to hinder market growth during the forecast period.
  • Solar roadways can integrate wireless charging technology for electric vehicles (EVs), supporting the widespread adoption of clean transportation. EVs can be charged directly from solar-powered road surfaces, reducing the need for dedicated charging stations and extending their driving range. These are expected to hold vast opportunities in the future.
  • Asia-Pacific is likely to witness considerable growth during the forecast period. The growth is a result of rapid urbanization, increasing energy demand, supportive government initiatives, advancements in solar technology, and sustainability priorities, which are likely to collectively propel it to become the fastest-growing region in the solar roads market.

Solar Roadways Industry Overview

The solar roadways market is semi-consolidated. Key players in this market include Solar Roadways, Wattway, Colas Group, SolaRoad Inc., and PLATIO Solar, among others.

Solar Roadways Market Leaders

  1. Solar Roadways

  2. Wattway

  3. Colas Group

  4. SolaRoad Inc.

  5. PLATIO Solar

  6. *Disclaimer: Major Players sorted in no particular order
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Solar Roadways Market News

  • May 2023: The Dutch province of North Brabant started constructing a 500-meter-long ground-mounted solar cycle path along the provincial N285 road near Wagenberg. The PV system will be integrated into the asphalt top layer and comprise 600 unspecified solar panels. As per the government, the project is mainly intended to gain experience deploying solar cells on bicycle paths. During five years, government experts will assess the resistance of the solar modules to the mechanical stress applied by the presence of pedestrians and bikers, the costs for their maintenance, and the PV system energy yield.

Solar Roadways Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Growing Adoption of Renewable Energy
    • 4.5.1.2 Efforts in Sustainable Infrastructure to Reduce Carbon Footprints
    • 4.5.2 Restraints
    • 4.5.2.1 High Initial Cost Associated With Developing the Infrastructure
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 Materials
    • 5.1.1 Monocrystalline Silicon
    • 5.1.2 Polycrystalline Silicon
  • 5.2 Applications
    • 5.2.1 Driveways
    • 5.2.2 Parking Lots
  • 5.3 Geography [Market Size and Demand Forecast till 2029 (for regions only)]
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 United Kingdom
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 NORDIC
    • 5.3.2.7 Turkey
    • 5.3.2.8 Russia
    • 5.3.2.9 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 Malaysia
    • 5.3.3.5 Thailand
    • 5.3.3.6 Indonesia
    • 5.3.3.7 Vietnam
    • 5.3.3.8 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 Saudi Arabia
    • 5.3.4.2 United Arab Emirates
    • 5.3.4.3 South Africa
    • 5.3.4.4 Qatar
    • 5.3.4.5 Egypt
    • 5.3.4.6 Nigeria
    • 5.3.4.7 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Colombia
    • 5.3.5.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Solar Roadways
    • 6.3.2 Wattway
    • 6.3.3 Colas Group
    • 6.3.4 SolaRoad Inc.
    • 6.3.5 PLATIO Solar
    • 6.3.6 Onyx Solar Energy
    • 6.3.7 Wuxi Suntech Power Co. Ltd
    • 6.3.8 Canadian Solar
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share (%) Analysis
  • 6.5 List of Other Prominent Companies

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Solar Roadways Integrating Wireless Charging Technology for Electric Vehicles (EVs)
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Solar Roadways Industry Segmentation

  • Solar roadways, also known as solar pavements, refer to the concept of integrating solar panels and solar technology into highways, sidewalks, and other paved surfaces. They harness solar energy from the surface of roads and pavements to generate electricity, which is used to power streetlights, charge electric vehicles, and contribute to the energy grid. This promotes renewable energy adoption while addressing infrastructure needs and environmental concerns.
  • The solar roadways market is segmented by material, application, and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). By material, the market is segmented into monocrystalline silicon and polycrystalline silicon. By application, the market is segmented into driveways and parking lots. The report also covers the market size and forecasts for the solar roadways market across major countries. Market sizing and forecasts were made for each segment based on revenue (USD).
Materials Monocrystalline Silicon
Polycrystalline Silicon
Applications Driveways
Parking Lots
Geography [Market Size and Demand Forecast till 2029 (for regions only)] North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Italy
Spain
NORDIC
Turkey
Russia
Rest of Europe
Asia-Pacific China
India
Japan
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Qatar
Egypt
Nigeria
Rest of Middle East and Africa
South America Brazil
Argentina
Colombia
Rest of South America
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Solar Roadways Market Research FAQs

How big is the Solar Roadways Market?

The Solar Roadways Market size is expected to reach USD 0.35 billion in 2025 and grow at a CAGR of 24.60% to reach USD 1.05 billion by 2030.

What is the current Solar Roadways Market size?

In 2025, the Solar Roadways Market size is expected to reach USD 0.35 billion.

Who are the key players in Solar Roadways Market?

Solar Roadways, Wattway, Colas Group, SolaRoad Inc. and PLATIO Solar are the major companies operating in the Solar Roadways Market.

Which is the fastest growing region in Solar Roadways Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Solar Roadways Market?

In 2025, the North America and Europe accounts for the largest market share in Solar Roadways Market.

What years does this Solar Roadways Market cover, and what was the market size in 2024?

In 2024, the Solar Roadways Market size was estimated at USD 0.26 billion. The report covers the Solar Roadways Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Solar Roadways Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Roadways Industry Report

Statistics for the 2025 Solar Roadways market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Solar Roadways analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.