Low Voltage Segment Segment is Expected to Dominate the Global Outdoor Solar LED Market

Many governments around the world offer incentives, subsidies, tax credits, and rebates to encourage the adoption of solar technologies, including solar lighting.

According to TechSci Research report, “Global Outdoor Solar LED Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Outdoor Solar LED is anticipated to project robust growth in the forecast period with a CAGR of 9.25% through 2028. The end-user segments of the Outdoor Solar LED Market include industrial, residential, commercial, highways and roadways. The growing need to reduce carbon emissions and to minimize dependency for power consumption on traditional energy sources have been driving the Outdoor Solar LED Market. The Solar Light System has multiple benefits such as low maintenance cost, easy installation and avoiding the threats of electric shocks since it is a wireless system. The rapid developments in highways, railways and ports are the targeted areas for the deployment of Outdoor Solar LED Systems. Also, the low electricity penetration area in the rural parts of developing countries is expected to drive the Outdoor Solar LED Market.  Roadway lighting is used to illuminate roads, highways, and other public spaces. It is essential for ensuring the safety of drivers, pedestrians, and cyclists at night. Roadway lighting also helps to reduce crime and improve the quality of life in communities. The roadway lighting segment is expected to continue to dominate the global Outdoor Solar LED market in the coming years. This is due to the growing demand for infrastructure development, the increasing urbanization of the world, and the rising safety concerns. Other significant segments in the global Outdoor Solar LED market include bridge lighting, tunnel lighting, airport lighting, port lighting, railway lighting, industrial lighting, and commercial lighting. The world is becoming increasingly urbanized, and this is leading to a growing demand for infrastructure development, including roads, bridges, tunnels, airports, ports, and railways. This is driving the demand for Outdoor Solar LED solutions. Governments and businesses around the world are increasingly focused on energy efficiency and sustainability. This is due to a number of factors, such as rising energy costs, concerns about climate change, and government incentives. The focus on energy efficiency and sustainability is driving the demand for energy-efficient and sustainable Outdoor Solar LED solutions, such as LED lights and smart lighting controls.

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Governments and businesses are increasingly focused on safety and security. This is due to a number of factors, such as the increasing threat of terrorism and crime. Outdoor Solar LED can help to improve safety and security by increasing visibility and deterring crime. Lighting technology is constantly advancing, and this is leading to the development of more efficient, reliable, and durable Outdoor Solar LED solutions. For example, LED lights are now more efficient and affordable than ever before. The roadway lighting segment is the largest segment in the Outdoor Solar LED market, accounting for over 50% of the market share in 2022. This is due to the large number of roads and highways that need to be lit for safety and security purposes. Other significant segments in the Outdoor Solar LED market include bridge lighting, tunnel lighting, airport lighting, port lighting, railway lighting, industrial lighting, and commercial lighting. The Asia Pacific region is the largest market for infrastructure lighting, accounting for over 40% of the global market share in 2022. Asia Pacific is expected to hold the largest share of the market during the forecast period (2023-2029). The growing demand for power in developing economies such as China and India can only be fulfilled by solar energy. The region’s Outdoor Solar LED Market is expected to grow majorly due to favorable government schemes for sustainable energy development. Middle East and Africa is expected to hold the second-largest growing region in Outdoor Solar LED Market during the forecast period. The partnership between China and some Middle East countries for the deployment of Outdoor Solar LED Systems in the region is expected to drive the Middle East and Africa Outdoor Solar LED Market.

Key market players in the Global Outdoor Solar LED Market are following:-

• Cree Inc
• Hubbell Lighting
•  Zumtobel Group AG
• Philips Lighting
• Acuity Brands Inc.
• Dialight plc
• Eaton Corporation
• Osram GmbH
• GE Lighting
• SAMSUNG

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“LED lighting is becoming increasingly popular in infrastructure applications due to its energy efficiency, long lifespan, and low maintenance requirements. Smart lighting solutions are becoming increasingly popular in infrastructure applications due to their ability to improve efficiency, reduce costs, and enhance safety. For example, smart lighting solutions can be used to dim or turn off lights when they are not needed, which can save energy and reduce costs. Governments and businesses are increasingly looking for sustainable Outdoor Solar LED solutions that can reduce their environmental impact. For example, solar-powered lighting systems can help to reduce the reliance on fossil fuels.

The global Outdoor Solar LED market is a growing and dynamic market with a bright future. The factors driving the growth of the market include the increasing urbanization and infrastructure development, the growing demand for energy-efficient and sustainable lighting solutions, the rising safety and security concerns, and the technological advancements in lighting technology. The key trends in the market include the growing adoption of LED lighting, the increasing use of smart lighting solutions, and the growing demand for sustainable Outdoor Solar LED solutions.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Outdoor Solar LED Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type (Street Lights, Garden Lights, Floodlights, Spot Lights, Others), By Voltage (Low Voltage, Medium Voltage, High Voltage), By End Use (Residential, Commercial, Industrial), By Region, By Competition 2018-2028 has evaluated the future growth potential of Global Outdoor Solar LED Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Outdoor Solar LED Market.

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