Outdoor Solar LED Market By Size, Share and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 6.8 Billion
CAGR (2023-2028)	9.25%
Fastest Growing Segment	High Voltage Segment
Largest Market	Asia Pacific

Market Overview

Global Outdoor Solar LED Market was valued at USD 6.8 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.25% through 2028 The gradually growing requirement of energy and the limited resource of traditional energy sources are challenging for both developed and developing countries. Outdoor solar LED lighting systems employ solar panels to turn sunlight into electricity, which is then used to power LED lighting fixtures. These lighting systems are intended to be energy efficient, ecologically friendly, and affordable. Outdoor solar LED lighting systems are commonly used to illuminate public spaces, roadways, parks, and other outdoor places, improving safety and security while lowering energy costs and carbon emissions. In addition, the global outdoor solar LED market size is quickly expanding, owing to rise in demand for energy-efficient lighting solutions and a greater emphasis on renewable energy and sustainable development. Technological improvements, such as the development of more efficient solar panels and LED lighting fixtures, are making outdoor solar LED lighting systems more affordable and accessible. Furthermore, the outdoor solar LED market is also supported by government initiatives and regulations that encourage the adoption of renewable energy and energy-efficient lighting solutions. Nowadays, the use of Outdoor Solar LED is very common in both residential and commercial places. According to Outdoor Solar LED market analysis, residential sector is indulged in efficiently offsetting and diversifying electricity consumption which is boosting the solar light market during the forecast period. Solar energy further brought a huge transition in the commercial market. Outdoor Solar LED are gaining popularity and replacing the conventional outdoor lighting solutions and streetlights. Moreover, increase in the investment by the government and favorable government policies for construction of new highways and roadways projects in developing countries with solar street light products is anticipated to boost the growth of the solar light market.

Key Market Drivers

Compared with traditional street lighting, solar street lighting uses solar energy which is completely renewable. In a genuine sense, solar street lighting promotes environmental protection. Solar light products are cost effective over time as no continuing electricity costs are attached with the product. Outdoor Solar LED can store enough energy to operate continuously throughout the night, even in overcast or snowy weather as products can turn on and off independently. Solar light products help illuminate all parking lots and paths during storms and power outages. The demand for the global Outdoor Solar LED market is anticipated to grow due to the increase in popularity of solar light products such as solar garden lights, solar streetlights for highways, and solar IoT lights in various applications.

Adoption of Solar LED

Switching to solar power products means taking an active part in conserving the environment. People around the world are adapting new ways to make positive changes in their community. According to Outdoor Solar LED market forecast, residential sector is focusing on investing in future with solutions which are smarter, greener, and more adaptable to the ever-changing landscape. Adoption of off grid or solar lighting network in residential and public gardens help overcome the utility connection light maintenance cost.

Off-grid Outdoor Solar LED help overcome the constraints associated with traditional grid-powered lighting solutions. Off-grid solar lighting solutions can avoid foundation work of cables ditch digging, cable pipe laying, cable threading inside pipes and ditch landfill, which needs a lot of labor. Off-grid solar light systems provide a much easier installation. The off-grid Outdoor Solar LED are independent and come up with the economic benefits such as cost-saving and labor-saving which drives up demand for off-grid solar light products in the market.

The rechargeable batteries are already included in a solar light fixture which makes installation of Outdoor Solar LED effortless. Solar light batteries are recharged over the day to provide a constant flow of electricity at night. The battery charges and drains as the lights operate from dusk to dawn. Technological development in new batteries such as longer life-span and excellent environmental compatibility is drive the demand for solar lighting products in different applications. Decomposable or "green" batteries are now undergoing development for solar light, which is projected to open new Outdoor Solar LED market opportunities in the forecasted period.

Public Awareness and Demand for Quality of Life

Growing public awareness of the importance of well-lit and aesthetically pleasing urban environments has driven demand for quality lighting. People now expect well-designed lighting solutions that enhance their quality of life, making aesthetics an essential consideration for infrastructure projects. The Outdoor Solar LED market exhibits regional variations due to differences in infrastructure development, government policies, and economic conditions. For instance: North America has been at the forefront of LED adoption in infrastructure lighting. The region's commitment to energy efficiency and sustainability has driven widespread LED retrofitting projects in cities and municipalities.

Europe is a leader in smart Outdoor Solar LED solutions. The European Union's ambitious energy efficiency goals have prompted investments in adaptive lighting systems that respond to traffic patterns and weather conditions. The Asia-Pacific region, with its rapid urbanization, represents a significant growth opportunity for the Outdoor Solar LED market. Countries like China and India are investing heavily in new infrastructure projects, creating a high demand for lighting solutions. LED lights are often a better option when compared to alternative lighting options like incandescent, CFL, incandescent, and halogen lights, as they can operate with little energy input while delivering strong illumination. LEDs are extensively utilized in both indoor and outdoor situations. LEDs allow designers versatility in their designs and the durability to withstand frequent switching. The market is expected to expand as consumers become more aware of their benefits.

Increasing acceptance of Solar LED

The American National Standards Institute, China Compulsory Certification, and International Electrotechnical Commission are a few significant regulatory bodies that manage product certification. Manufacturing after obtaining the required licenses permits to do business, offer services, and import and export products. Governments in both developed and developing economies are attempting to lower high energy usage.

They are doing this by upholding a number of quality laws that assist them in preserving consumer safety, managing energy use, and monitoring environmental issues. LED lighting is an energy-saving solution with a 50,000-hour lifespan and lower electricity use. As a result, it is anticipated that stringent government rules limiting the use of lighting that uses a lot of energy will promote the expansion of the market.

When used as overhead surgical illumination earlier, halogen lights bothered medical workers during procedures or examinations. Additionally, the examination room's 50 to 100 W halogen bulbs with the tiny surgical illumination produced a lot of heat and consumed too much electricity. As a result, one factor anticipated to fuel the expansion of the target LED lighting market is manufacturers' strategy for combining LEDs in surgical illumination, exam lights, phototherapy, and endoscopy to enhance patient treatment experiences. The development of the LED lighting industry is also anticipated to be impacted by technological advancements in the medical device sector that will replace older or less efficient equipment.

The COVID-19 pandemic negatively impacted the global economy. The demand for LED lighting was reduced as a result of rigorous suspensions and lockdowns imposed on construction sites. However, the second half of 2021 saw an increase in construction due to the introduction of new as well as upgrading projects, which contributed to the steady recovery of the industry for LED lighting.

Download Free Sample Report

Key Market Challenges

High Initial and Deployment Costs of LED Lighting System to Restrain Market Growth

In recent years, light emitting diode (LED) systems have experienced a substantial surge in their level of recognition. Nevertheless, the primary expense associated with purchasing a single unit of these systems surpasses that of the conventional CFL lighting systems currently available. The components that comprise these systems, including diodes, transmitters, and capacitors, involve considerable costs, thereby directly influencing the initial retail price of the complete system. Additionally, the substitution of current lighting systems with LED alternatives and the installation of new LED lights pose affordability challenges for residential consumers, ultimately impeding the progress of the worldwide market.

High cost of installation

The initial installation cost of LED lights is very high, which is expected to restrain the market's growth. The high installation cost lowers the demand from consumers. Furthermore, the changing weather condition, such as the rainy season, winter season, or accumulation of snow and dust particles, is expected to restrain the market's growth. The high product cost prohibits the widespread use of outdoor solar LED in various cities and countries, restraining the market's growth.

Outbreak of Covid-19

The outbreak of the Covid-19 pandemic had a substantial impact on the market's growth. There were disruptions in most sectors' development, growth, and working worldwide. There were disruptions in the supply chain, as the supply of electronic components from China was banned entirely, which also challenged the growth of the industries. The commercial and industrial sectors were severely affected due to the outbreak of Covid-19, challenging the market's growth.

Key Market Trends

The adoption of Light Emitting Diode (LED) technology continues to grow rapidly in the Outdoor Solar LED market. LED lights offer numerous advantages over traditional lighting solutions, including energy efficiency, long lifespan, and reduced maintenance costs. The city of Los Angeles, California, embarked on a massive LED streetlight retrofit project. By replacing traditional high-pressure sodium (HPS) streetlights with LED fixtures, the city achieved energy savings of over 60%. Moreover, the LED lights provided better visibility, enhancing safety for residents and reducing light pollution.

Smart Infrastructure Lighting

Smart Outdoor Solar LED systems are becoming increasingly popular. These systems utilize sensors, data analytics, and connectivity to create adaptive lighting environments. They can adjust lighting levels based on real-time data, such as traffic conditions, weather, and pedestrian movement, thereby enhancing energy efficiency and safety. The city of Copenhagen, Denmark, implemented a smart lighting system in its bicycle lanes. The system uses motion sensors to detect the presence of cyclists and pedestrians. When a user approaches, the lights brighten, providing a safer and more comfortable experience. This not only enhances safety but also reduces energy consumption during periods of low usage.

Solar-Powered Lighting

Trend: Solar-powered lighting solutions are gaining prominence as sustainability becomes a focal point. These systems harness solar energy to power LED lights, reducing the reliance on the electrical grid and lowering operational costs. In rural areas of India where reliable access to electricity is a challenge, solar-powered streetlights have been deployed to improve safety and accessibility. The solar panels charge during the day, and the stored energy powers the LED streetlights at night, contributing to energy independence and reducing carbon emissions.

Aesthetic and Architectural Lighting

Beyond functionality, Outdoor Solar LED is increasingly seen as a means of enhancing aesthetics and creating distinctive urban environments. Architectural lighting designs are used to illuminate landmarks, bridges, and buildings, transforming cities into visually appealing spaces. The Sydney Opera House in Australia is a prime example of architectural lighting. Its unique and iconic design is accentuated at night with carefully designed lighting schemes that highlight its sail-like structures. This not only adds to the beauty of the cityscape but also draws tourists and visitors.

Human-Centric Lighting

Trend: Human-centric lighting is gaining attention for its ability to enhance well-being and productivity. This trend involves adjusting the color temperature and intensity of lighting to mimic natural daylight patterns, which can have positive effects on circadian rhythms and overall health. In healthcare facilities, such as hospitals and clinics, human-centric lighting systems have been installed to improve patient outcomes. These systems can simulate natural daylight, which aids in the healing process and helps patients maintain a healthy sleep-wake cycle. The integration of Outdoor Solar LED with the Internet of Things (IoT) and connectivity is expanding possibilities. Lighting systems are now part of larger smart city ecosystems, enabling data-driven decision-making and automation. In Singapore, lampposts have been equipped with sensors and cameras to create a "Smart Lamppost" network. These lampposts provide real-time data on air quality, traffic, and weather. The data collected is used for urban planning and improving the city's overall livability.

Segmental Insights

Voltage Insights

Low voltage outdoor solar LED lighting systems are often more energy-efficient compared to their high-voltage counterparts. They are designed to operate at lower power levels, which aligns well with the limited energy capacity of solar panels. This synergy between low voltage and solar power makes them a preferred choice for outdoor lighting in areas where grid electricity is scarce or unreliable. Low voltage outdoor solar LED lighting systems are generally cost-effective. They require less material and infrastructure, making them a more economical choice for both residential and commercial applications. This affordability can drive their popularity in the market.

Download Free Sample Report

Regional Insights

Asia Pacific is expected to dominate the market during the forecast period. In 2021, Asia-Pacific to dominated in the market as owing to increased production of solar lighting products. In China and Japan, large companies have already entered the production of the products and are also expanding the production capacity are expected to be the key factors which drive the growth of the market during the forecast period.

The conflict between Russia and Ukraine has a significant impact on the energy sector. Russia's invasion of Ukraine has created shock waves in global energy markets, leading to price volatility, supply shortages, security issues. As a result, the cost of manufacturing solar light products and batteries will increase and significant supply chain challenges. The war can significantly slow the renewable energy transition of the Europe. The Russia-Ukraine war has a major impact on the global solar industry. Production has decreased sharply, while demand has also declined.

Recent Developments

In January 2023- Signify, teamed up with the University of Cambridge’s Estates Division to illuminate the University’s West Cambridge site with energy-efficient outdoor LED lighting. With more than 300 upgraded lights, the project was delivered in six months – from initial discussions through to project completion – and generated significant cost savings on energy.
In-March 2021- Signify and the National Hockey League (NHL) announced their partnership to help the more than 4,800 ice rinks across North America, from major arenas to community facilities, transition to sustainable LED and connected lighting.
In January2022- OSRAM launched its OPTOTRONIC 1DIM and 4DIM LED families and thus considerably extended their power spectrum. The 1DIM LED driver family also supports the 75 and 165 W power classes. With double isolation and enhanced power levels, this future-oriented driver family can serve many more purposes while offering high levels of safety when used in outdoor or industrial applications.
In January 2022- Sokoto launched the CAPSOL all in one solar garden light, which is simple, fashionable, lightweight and practical, providing customers with more and more suitable product choices.
In June 2021- OkSolar.com launched solar-powered outdoor light It eliminated the environmental impact of lighting around Hospitals, schools, public parks, corporate campuses and commercial establishments, is easy to install requiring no costly trenching, no underground wiring, no transformers or monthly utility bills..

Key Market Players

Kon Lighting
Fonroche Lighting America, Inc.
Greenshine New Energy
Wipro Lighting
ENGOPLANET ENERGY SOLUTIONS LLC
Solar Street Lights USA
Koninklijke Philips N.V.
SEPCO
Engcotec GmbH
Sunna Design SA

By Type

By Voltage

By Application

By Region

Street Lights
Garden Lights, Floodlights
Spot Lights
Others

Low Voltage
Medium Voltage
High Voltage

Residential
Commercial
Industrial

North America
Europe
South America
Middle East & Africa
Asia Pacific

Report Scope:

In this report, the Global Outdoor Solar LED Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Outdoor Solar LED Market, By Type:

o Street Lights

o Garden Lights, Floodlights

o Spot Lights

o Others

Global Outdoor Solar LED Market, By Voltage:

o Low Voltage

o Medium Voltage

o High Voltage

Global Outdoor Solar LED Market, By Application:

o Residential

o Commercial

o Industrial

Global Outdoor Solar LED Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Indonesia

o Europe

§ Germany

§ United Kingdom

§ France

§ Russia

§ Spain

o South America

§ Brazil

§ Argentina

o Middle East & Africa

§ Saudi Arabia

§ South Africa

§ Egypt

§ UAE

§ Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Outdoor Solar LED Market.

Available Customizations:

Global Outdoor Solar LED Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Outdoor Solar LED Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.3. Markets Covered

1.4. Years Considered for Study

1.5. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Outdoor Solar LED Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Street Lights, Garden Lights, Floodlights, Spot Lights, Others)

5.2.2. By Voltage (Low Voltage, Medium Voltage, High Voltage)

5.2.3. By End Use (Residential, Commercial, Industrial)

5.2.4. By Region

5.3. By Company (2022)

5.4. Market Map

6. North America Outdoor Solar LED Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type

6.2.2. By Voltage

6.2.3. By End Use

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Outdoor Solar LED Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Voltage

6.3.1.2.3. By End Use

6.3.2. Canada Outdoor Solar LED Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By Voltage

6.3.2.2.3. By End Use

6.3.3. Mexico Outdoor Solar LED Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By Voltage

6.3.3.2.3. By End Use

7. Asia-Pacific Outdoor Solar LED Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Voltage

7.2.3. By End Use

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Outdoor Solar LED Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Voltage

7.3.1.2.3. By End Use

7.3.2. India Outdoor Solar LED Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Voltage

7.3.2.2.3. By End Use

7.3.3. Japan Outdoor Solar LED Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Voltage

7.3.3.2.3. By End Use

7.3.4. South Korea Outdoor Solar LED Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Voltage

7.3.4.2.3. By End Use

7.3.5. Indonesia Outdoor Solar LED Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Voltage

7.3.5.2.3. By End Use

8. Europe Outdoor Solar LED Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Voltage

8.2.3. By End Use

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Outdoor Solar LED Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Voltage

8.3.1.2.3. By End Use

8.3.2. United Kingdom Outdoor Solar LED Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Voltage

8.3.2.2.3. By End Use

8.3.3. France Outdoor Solar LED Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Voltage

8.3.3.2.3. By End Use

8.3.4. Russia Outdoor Solar LED Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Voltage

8.3.4.2.3. By End Use

8.3.5. Spain Outdoor Solar LED Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Voltage

8.3.5.2.3. By End Use

9. South America Outdoor Solar LED Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Voltage

9.2.3. By End Use

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Outdoor Solar LED Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Voltage

9.3.1.2.3. By End Use

9.3.2. Argentina Outdoor Solar LED Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Voltage

9.3.2.2.3. By End Use

10. Middle East & Africa Outdoor Solar LED Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Voltage

10.2.3. By End Use

10.2.4. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Outdoor Solar LED Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Voltage

10.3.1.2.3. By End Use

10.3.2. South Africa Outdoor Solar LED Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Voltage

10.3.2.2.3. By End Use

10.3.3. UAE Outdoor Solar LED Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Voltage

10.3.3.2.3. By End Use

10.3.4. Israel Outdoor Solar LED Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Product Type

10.3.4.2.2. By Voltage

10.3.4.2.3. By End Use

10.3.5. Egypt Outdoor Solar LED Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Product Type

10.3.5.2.2. By Voltage

10.3.5.2.3. By End Use

11. Market Dynamics

11.1. Drivers

11.2. Challenge

12. Market Trends & Developments

13. Company Profiles

13.1. Kon Lighting

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2. Fonroche Lighting America, Inc

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3. Greenshine New Energy

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4. Wipro Lighting

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5. ENGOPLANET ENERGY SOLUTIONS LLC

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6. Solar Street Lights USA

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7. Koninklijke Philips N.V

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8. SEPCO

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9. Engcotec GmbH

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10. Sunna Design SA

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Outdoor Solar LED Market in 2022?

The market size of the Global Outdoor Solar LED Market was USD 6.8 Billion in 2022.

Which was the dominant segment in the Global Outdoor Solar LED Market in 2022?

The Low Voltage was the dominant segment in the Global Outdoor Solar LED Market in 2022.

What is the main Challenge in the Global Outdoor Solar LED Market?

Outdoor Solar LED rely on sunlight to generate electricity. Therefore, they are susceptible to interruptions in power generation during cloudy days, at night, or in locations with limited sunlight. This intermittency can affect the reliability of solar lighting, particularly in areas with inconsistent weather patterns or during extended periods of darkness.

What are the major drivers for the Global Outdoor Solar LED Market?

Increasing concern about environmental issues and climate change has led to a growing demand for clean and sustainable energy sources. Solar lights, which rely on renewable solar energy, align with the global push for eco-friendly solutions and reduced carbon emissions.

Related Reports

Srishti Verma

Business Consultant

Talk To Analyst

Press Release

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

Nov, 2023

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

Buy Now