Market Overview:
The global outdoor solar LED market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of solar LED lights. The global outdoor solar LED market is segmented on the basis of type, application, and region. On the basis of type, it is divided into less than 39W, 40W-149W, and more than 150W segments. The less than 39W segment is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. This growth can be attributed to its low installation cost and easy installation process. On the basis of application, it is divided into residential, commercial, and industrial segments.
Product Definition:
An outdoor solar LED is a light emitting diode that uses energy from the sun to power itself. This type of LED is often used in outdoor settings, such as gardens, parks, or walkways, because it does not require any wiring or an external power source. Outdoor solar LEDs are important because they provide a safe and sustainable way to light up outdoor spaces without using traditional forms of electricity.
Less than 39W:
The outdoor solar LED market size was valued at USD 4.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period, to reach USD 11.7 billion by 2022. The increasing awareness regarding energy conservation among consumers across the globe has resulted in high demand for less than 39W products globally, which is anticipated to drive growth over the forecast period (2016-2022).
40W to 149W:
40W to 149W is the range of solar LED products which are used for outdoor lighting purposes. The product has high durability, efficiency and output power. It can be used in various applications such as path lights, garden light, street light or parking lot light among others.
By end-use industry segmentation we can differentiate two broad categories namely public infrastructure.
Application Insights:
The commercial segment accounted for the largest share of more than 60.0% in 2017 and is projected to witness significant growth over the forecast period. The growing adoption of solar LED streetlights in government and corporate offices, shopping malls, hotels, hospitals, restaurants and resorts has resulted in increased revenue generation for the vendors.
The industrial segment is expected to register a CAGR exceeding 11% from 2018 to 2030 owing to increasing demand from manufacturing facilities such as pharmaceutical plants, data centers and refineries that require large area lighting solutions. Furthermore, rising awareness regarding energy conservation among manufacturers is likely to propel product demand over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high product demand from residential as well as commercial applications. China, Japan, and South Korea are some of the major countries that contributed significantly towards regional growth. Increasing awareness regarding energy conservation and sustainable lighting solutions among consumers is one of the key factors driving product demand in this region.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing adoption by households as well as commercial buildings due to rising concerns about carbon footprints associated with conventional lighting sources. Germany emerged dominant country across Europe with more than 80 MW installed capacity by 2016; however, U.K.
Growth Factors:
- Increasing demand for solar energy due to global warming and climate change
- Government initiatives and subsidies for installation of solar LED lights
- Rising awareness about the benefits of using solar LED lights among consumers
- Technological advancements in outdoor solar LED lighting systems
- Growing demand from commercial and industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Outdoor Solar LED Market Research Report
By Type
Less than 39W, 40W to 149W, More than 150W
By Application
Residential, Commercial, Industrial
By Companies
Greenshine New Energy, Jiawei, LEADSUN, OkSolar, SBM-SolarTech, SEPCO Solar Electric Power Company, Signify Holding, SOKOYO, Solar Street Lights USA, Sunna Design SA, Greenshine New Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Outdoor Solar LED Market Report Segments:
The global Outdoor Solar LED market is segmented on the basis of:
Types
Less than 39W, 40W to 149W, More than 150W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Greenshine New Energy
- Jiawei
- LEADSUN
- OkSolar
- SBM-SolarTech
- SEPCO Solar Electric Power Company
- Signify Holding
- SOKOYO
- Solar Street Lights USA
- Sunna Design SA
- Greenshine New Energy
Highlights of The Outdoor Solar LED Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 39W
- 40W to 149W
- More than 150W
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Outdoor Solar LED Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Outdoor Solar LED is a type of solar lighting that uses LEDs to create an illuminated area.
Some of the major companies in the outdoor solar led market are Greenshine New Energy, Jiawei, LEADSUN, OkSolar, SBM-SolarTech, SEPCO Solar Electric Power Company, Signify Holding, SOKOYO, Solar Street Lights USA, Sunna Design SA, Greenshine New Energy.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Outdoor Solar LED Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Outdoor Solar LED Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Outdoor Solar LED Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Outdoor Solar LED Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Outdoor Solar LED Market Size & Forecast, 2018-2028
4.5.1 Outdoor Solar LED Market Size and Y-o-Y Growth
4.5.2 Outdoor Solar LED Market Absolute $ Opportunity
Chapter 5 Global Outdoor Solar LED Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Outdoor Solar LED Market Size Forecast by Type
5.2.1 Less than 39W
5.2.2 40W to 149W
5.2.3 More than 150W
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Outdoor Solar LED Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Outdoor Solar LED Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Outdoor Solar LED Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Outdoor Solar LED Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Outdoor Solar LED Analysis and Forecast
9.1 Introduction
9.2 North America Outdoor Solar LED Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Outdoor Solar LED Market Size Forecast by Type
9.6.1 Less than 39W
9.6.2 40W to 149W
9.6.3 More than 150W
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Outdoor Solar LED Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Outdoor Solar LED Analysis and Forecast
10.1 Introduction
10.2 Europe Outdoor Solar LED Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Outdoor Solar LED Market Size Forecast by Type
10.6.1 Less than 39W
10.6.2 40W to 149W
10.6.3 More than 150W
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Outdoor Solar LED Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Outdoor Solar LED Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Outdoor Solar LED Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Outdoor Solar LED Market Size Forecast by Type
11.6.1 Less than 39W
11.6.2 40W to 149W
11.6.3 More than 150W
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Outdoor Solar LED Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Outdoor Solar LED Analysis and Forecast
12.1 Introduction
12.2 Latin America Outdoor Solar LED Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Outdoor Solar LED Market Size Forecast by Type
12.6.1 Less than 39W
12.6.2 40W to 149W
12.6.3 More than 150W
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Outdoor Solar LED Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Outdoor Solar LED Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Outdoor Solar LED Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Outdoor Solar LED Market Size Forecast by Type
13.6.1 Less than 39W
13.6.2 40W to 149W
13.6.3 More than 150W
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Outdoor Solar LED Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Outdoor Solar LED Market: Competitive Dashboard
14.2 Global Outdoor Solar LED Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Greenshine New Energy
14.3.2 Jiawei
14.3.3 LEADSUN
14.3.4 OkSolar
14.3.5 SBM-SolarTech
14.3.6 SEPCO Solar Electric Power Company
14.3.7 Signify Holding
14.3.8 SOKOYO
14.3.9 Solar Street Lights USA
14.3.10 Sunna Design SA
14.3.11 Greenshine New Energy
