Get More Information on Outdoor Solar LED Market - Request Sample Report
The Outdoor Solar LED Market size was valued at USD 8.01 Billion in 2023 and is expected to reach USD 51.78 Billion by 2032, growing at a CAGR of 23.06% over the forecast period 2024-2032.
Recent years have seen a substantial increase in the outdoor solar LED market, fueled by the rising need for renewable energy solutions and efficient outdoor lighting. This new technology decreases carbon emissions and also cuts energy expenses for both consumers and businesses. In 2023, global energy-related CO2 emissions reached a record high of 37.4 billion tonnes, marking a 1.1% increase of 410 million tonnes compared to the previous year. Coal accounted for over 65% of this increase, significantly impacting emissions. A notable contributor was the global shortfall in hydropower generation due to droughts, which alone added approximately 170 million tonnes to emissions. Advanced economies experienced a remarkable divergence, with GDP growing by 1.7% while emissions fell by 4.5%, reflecting a decline driven by renewable energy adoption and coal-to-gas switching. In contrast, emissions in China surged by 565 million tonnes, continuing its post-pandemic economic growth, with a significant portion attributed to adverse hydro conditions. India also saw emissions rise by around 190 million tonnes, driven by strong economic growth and reduced hydro production. Overall, the interplay of economic growth and clean energy advancements highlights a complex landscape for global emissions in 2023.
Many cities are now incorporating solar streetlights into their infrastructure as they acknowledge the advantages of solar LED lighting technology. These streetlights powered by the sun are created to work without needing the grid, lowering electricity expenses for local authorities. Equipped with motion sensors and dimming capabilities, they have advanced features that lead to higher efficiency and lower energy usage. Moreover, solar streetlights can be set up in remote or rural regions where it is not feasible or expensive to extend grid power. The Biden-Harris Administration disclosed more than USD 31 million in clean energy funding in November 2023, to back projects in 19 states. This funding is a component of the EECBG program and is intended to improve energy efficiency in different local initiatives. Major initiatives consist of street lights powered by solar energy, upgrades to community structures to eliminate carbon emissions, and enhanced availability of clean energy options. Furthermore, there is a focus on promoting policies and incentives for solar street lighting to increase the adoption of eco-friendly technologies.
Drivers
Growing Demand for Solar Power Driven by Climate Concerns and Technological Advancements.
Growing worries about climate change and environmental damage are driving the global transition towards renewable energy sources. Governments, institutions, and individuals are all looking for sustainable options to fossil fuels and this has resulted in a growing demand for renewable energy choices, specifically solar power. The increasing demand for outdoor solar LED lights greatly contributes to the growth of the market, as more individuals and companies are seeking to utilize solar energy for their lighting requirements. A key factor pushing this change is the acknowledgment of the harmful impact of conventional energy sources on the environment. The burning of fossil fuels releases greenhouse gases that cause global warming, leading governments around the world to enact policies to lessen carbon emissions. Solar power, due to its cleanliness and renewable nature, offers a feasible solution that is in line with these sustainability objectives. Furthermore, improvements in solar technology have increased the affordability and accessibility of solar energy to unprecedented levels. The price of solar panels has greatly decreased in the last ten years, allowing a wider group of consumers to afford solar installations. With a growing number of individuals embracing solar energy options, the economies of scale lead to additional price decreases, which in turn fuel market expansion.
Government Incentives and Regulations Driving Growth in the Outdoor Solar LED Market.
Government incentives and regulations are essential in molding the outdoor solar LED market. Many governments globally are putting in place policies to promote the use of solar technologies as they work towards renewable energy goals and environmental sustainability. These efforts reduce financial obstacles for customers and also foster an environment that is supportive of market expansion. For example, in the U.S., the ITC provides a tax credit of 26% of the cost of installing solar panels for residents. This credit is available for installations completed in 2023 and 2024. In addition to tax credits, different governments offer rebates and grants for backing renewable energy initiatives. These additional financial benefits help reduce the financial strain on consumers and businesses, motivating them to consider solar choices. Certain local governments provide targeted initiatives that concentrate on installing solar lighting in public areas, promoting community involvement in sustainability projects. These programs not only increase exposure to solar technologies but also prove their efficiency in real-world usage.
Restraints
Challenges of Solar LED Adoption in Low Sunlight Regions and Solutions for Enhanced Reliability.
The outdoor solar LED market is also significantly constrained by the restricted access to sunlight in some areas. Regions that experience regular cloud cover, precipitation, or extended winter seasons may face challenges in producing adequate solar energy to effectively operate outdoor lighting systems. This restriction may raise doubts about the dependability and effectiveness of solar lighting options, particularly in areas where consistent operation is crucial. Consumers in areas with less sunlight may be reluctant to buy solar lighting due to concerns about the system's performance and possible extra expenses for grid power supplementation. This doubt can impede the spread of solar LED technology in regions that could otherwise gain from its benefits. To tackle this obstacle, manufacturers and developers need to investigate creative options, like energy storage systems or hybrid models blending solar energy with conventional power sources, to guarantee consistent effectiveness in varied environmental circumstances.
By Wattage
The 40W to 149W segment dominated the market in 2023 with over 52.34%. These medium-wattage lights are appropriate for bigger situations such as street lighting, parking lots, and commercial outdoor areas. They provide a mix of light and energy efficiency, suitable for urban and suburban areas needing brighter illumination. As more cities incorporate smart lighting solutions, companies such as Philips and Sierra Solar have created solar LED lights in this power range, featuring smart technology for remote monitoring and management.
The less than 39W segment is accounted to have the fastest CAGR during 2024-2032. This group stands out for its energy efficiency and affordability, making it ideal for use in homes and small businesses. With the growing importance of sustainability, more and more homeowners and businesses are choosing eco-friendly solutions that provide functionality and aesthetic appeal. Ring and GigaTera have unveiled solar LED lights with motion sensors to improve safety and reduce energy usage.
Need Any Customization Research On Outdoor Solar LED Market - Inquiry Now
By Application
Solar LED streetlights led the market with over 36% market share in 2023, mainly because they are widely used for both urban and rural infrastructure. These lights are very effective, resulting in substantial energy savings and lowering electricity expenses for local governments. The increasing focus on sustainable city planning and the importance of improving public safety contribute to their rise in popularity. Philips Lighting and Signify have installed solar street light solutions in many cities globally, demonstrating the efficiency of the technology.
Solar garden LED lights are expected to grow rapidly during 2024-2032 with the fastest CAGR, reflecting an increasing interest in residential landscaping and outdoor beauty. Increasing consumer awareness of eco-friendly options and the need for low-maintenance outdoor decoration are fueling growth in this category. GKOLED and Sunco Lighting are working on creating advanced solar garden lights with smart functions like motion sensors and remote controls to enhance user convenience.
The APAC region led the market in 2023 with 45.00% because of its large population, rapid urbanization, and growing energy needs. China and India are at the forefront by making substantial investments in solar infrastructure to meet their energy demands sustainably. Companies such as Sunna Design and SolarOne Solutions are taking advantage of these opportunities by installing solar LED lighting in urban areas, parks, and rural regions. Moreover, the increasing popularity of smart cities in nations like Singapore and Japan is spurring advancements in solar LED technologies, resulting in improved energy efficiency and lessened environmental footprint.
North America is expanding quickly with a rapid CAGR and accounted to become the fastest-growing region during 2024-2032 due to growing government initiatives and consumer focus on sustainable energy solutions. The increase in the use of solar-powered LED lighting systems is a result of the region's focus on cutting carbon footprints and enhancing energy efficiency. Different cities and local governments are putting money into solar LED streetlights and outdoor lighting solutions to improve public safety and lower energy expenses. Philips Lighting and Cree Lighting are actively engaged in creating cutting-edge solar LED technologies for urban and rural areas.
The major key players in the Outdoor Solar LED Market are:
Philips Lighting (Philips Solar LED Street Light, Philips Solar LED Garden Light)
SunPower Corporation (SunPower Solar LED Flood Light, SunPower Solar Pathway Light)
Gama Sonic (Gama Sonic Solar LED Lantern, Gama Sonic Solar LED Street Light)
Renogy (Renogy Solar LED Flood Light, Renogy Solar LED Street Light)
Bovon (Bovon Solar LED String Lights, Bovon Solar LED Garden Light)
Hykon (Hykon Solar LED Street Light, Hykon Solar LED Flood Light)
Sustainable Solar (Sustainable Solar LED Path Light, Sustainable Solar LED Wall Light)
Troy Lighting (Troy Solar LED Lantern, Troy Solar LED Wall Sconce)
Solar Light Company (Solar Light Company LED Security Light, Solar Light Company LED Path Light)
Energizer (Energizer Solar LED Flood Light, Energizer Solar LED Garden Light)
Nature Power Products (Nature Power Solar LED Garden Stake Lights, Nature Power Solar LED Flood Light)
Klight (Klight Solar LED Street Light, Klight Solar LED Garden Light)
LITOM (LITOM Solar LED Motion Sensor Light, LITOM Solar LED Landscape Lights)
Westinghouse Solar (Westinghouse Solar LED Street Light, Westinghouse Solar LED Wall Light)
Aootek (Aootek Solar LED Outdoor Motion Sensor Light, Aootek Solar LED Security Light)
Moonrays (Moonrays Solar LED Path Light, Moonrays Solar LED Spot Light)
InnoGear (InnoGear Solar LED Motion Sensor Light, InnoGear Solar LED String Lights)
Blissun (Blissun Solar LED Outdoor Lantern, Blissun Solar LED Umbrella Light)
Sunkit (Sunkit Solar LED Flood Light, Sunkit Solar LED Garden Light)
Zonkee (Zonkee Solar LED Motion Sensor Light, Zonkee Solar LED Garden Light)
Dusk to Dawn Solar Flood Lights, March 2024: These new solar flood lights feature advanced motion detection technology and a longer battery life, providing enhanced security lighting for residential and commercial areas. They are designed for easy installation and low maintenance.
Solar Street Lights by Greenshine New Energy, January 2024: Greenshine introduced an upgraded range of solar street lights that utilize high-efficiency solar panels and LED technology. These lights are optimized for urban infrastructure and are being implemented in various cities to improve public safety and reduce energy costs.
Smart Solar Garden Lights, December 2023: A new line of smart solar garden lights was released that can be controlled via a smartphone app. This innovation allows users to adjust brightness and set timers remotely, enhancing user convenience and energy efficiency.
Sustainable Solar LED Floodlight Series, November 2023: This series focuses on sustainability, utilizing recycled materials in their construction. They provide powerful lighting for outdoor spaces while reducing environmental impact. The series has garnered attention for its eco-friendly design
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 8.01 Billion |
| Market Size by 2032 | USD 51.78 Billion |
| CAGR | CAGR of 23.06% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Wattage (Less than 39W, 40W to 149W, More than 150W) • By End User (Residential, Commercial, Industrial) • By Application (Solar LED Street Lights, Solar Garden LED Lights, Solar LED Floodlights, Solar LED Area Lights, Solar LED Spot Lights) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Philips Lighting, SunPower Corporation, Gama Sonic, Renogy, Bovon, Hykon, Sustainable Solar, Troy Lighting, Solar Light Company, Energizer, Nature Power Products, Klight, LITOM, Westinghouse Solar, Aootek, Moonrays, InnoGear, Blissun, Sunkit, Zonkee |
| Key Drivers | • Growing Demand for Solar Power Driven by Climate Concerns and Technological Advancements. • Government Incentives and Regulations Driving Growth in the Outdoor Solar LED Market. |
| RESTRAINTS | • Challenges of Solar LED Adoption in Low Sunlight Regions and Solutions for Enhanced Reliability. |
Ans: The Outdoor Solar LED Market is expected to grow at a CAGR of 23.06% during 2024-2032.
Ans: The Outdoor Solar LED Market was USD 8.01 Billion in 2023 and is expected to Reach USD 51.78 Billion by 2032.
Ans: Growing demand for solar power driven by climate concerns and technological advancements.
Ans: The 40W to 149W segment dominated the Outdoor Solar LED Market.
Ans: APAC dominated the Outdoor Solar LED Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Outdoor Solar LED Sales Volume, by Region (2023)
5.2 Outdoor Solar LED Design Trends (Historic and Future)
5.3 Outdoor Solar LED Adoption Rates (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Outdoor Solar LED Market Segmentation, By Wattage
7.1 Chapter Overview
7.2 Less than 39W
7.2.1 Less than 39W Market Trends Analysis (2020-2032)
7.2.2 Less than 39W Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 40W to 149W
7.3.1 40W to 149W Market Trends Analysis (2020-2032)
7.3.2 40W to 149W Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 More than 150W
7.3.1 More than 150W Market Trends Analysis (2020-2032)
7.3.2 More than 150W Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Outdoor Solar LED Market Segmentation, By End User
8.1 Chapter Overview
8.2 Residential
8.2.1 Residential Market Trends Analysis (2020-2032)
8.2.2 Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Commercial
8.3.1 Commercial Market Trends Analysis (2020-2032)
8.3.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Industrial
8.4.1 Industrial Market Trends Analysis (2020-2032)
8.4.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Outdoor Solar LED Market Segmentation, by Application
9.1 Chapter Overview
9.2 Solar LED Street Lights
9.2.1 Solar LED Street Lights Market Trends Analysis (2020-2032)
9.2.2 Solar LED Street Lights Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Solar Garden LED Lights
9.3.1 Solar Garden LED Lights Market Trends Analysis (2020-2032)
9.3.2 Solar Garden LED Lights Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Solar LED Floodlights
9.4.1 Solar LED Floodlights Market Trends Analysis (2020-2032)
9.4.2 Solar LED Floodlights Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Solar LED Area Lights
9.5.1 Solar LED Area Lights Market Trends Analysis (2020-2032)
9.5.2 Solar LED Area Lights Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Solar LED Spot Lights
9.6.1 Solar LED Spot Lights Market Trends Analysis (2020-2032)
9.6.2 Solar LED Spot Lights Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.2.4 North America Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.5 North America Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.2.6.2 USA Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.6.3 USA Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.2.7.2 Canada Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.7.3 Canada Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.2.8.2 Mexico Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.8.3 Mexico Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.1.6.2 Poland Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.6.3 Poland Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.1.7.2 Romania Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.7.3 Romania Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.4 Western Europe Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.5 Western Europe Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.6.2 Germany Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.6.3 Germany Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.7.2 France Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.7.3 France Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.8.2 UK Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.8.3 UK Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.9.2 Italy Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.9.3 Italy Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.10.2 Spain Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.10.3 Spain Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.13.2 Austria Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.13.3 Austria Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.4 Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.5 Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.6.2 China Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.6.3 China Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.7.2 India Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.7.3 India Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.8.2 Japan Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.8.3 Japan Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.9.2 South Korea Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.9.3 South Korea Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.10.2 Vietnam Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.10.3 Vietnam Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.11.2 Singapore Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.11.3 Singapore Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.12.2 Australia Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.12.3 Australia Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.1.4 Middle East Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.5 Middle East Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.1.6.2 UAE Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.6.3 UAE Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.2.4 Africa Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.5 Africa Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Outdoor Solar LED Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.6.4 Latin America Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.5 Latin America Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.6.6.2 Brazil Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.6.3 Brazil Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.6.7.2 Argentina Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.7.3 Argentina Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.6.8.2 Colombia Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.8.3 Colombia Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Outdoor Solar LED Market Estimates and Forecasts, By Wattage (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Outdoor Solar LED Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Outdoor Solar LED Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Philips Lighting
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 SunPower Corporation
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Gama Sonic
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Renogy
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Bovon
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Hykon
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Sustainable Solar
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Troy Lighting
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Solar Light Company
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Energizer
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Wattage
Less than 39W
40W to 149W
More than 150W
By Application
Solar LED Street Lights
Solar Garden LED Lights
Solar LED Floodlights
Solar LED Area Lights
Solar LED Spot Lights
By End User
Residential
Commercial
Industrial
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Solar Battery Market size was valued at USD 0.26 billion in 2023 and is projected to reach USD 0.91 billion by 2031 with a growing CAGR of 16.61% over the forecast period of 2024-2031.
The Biomass Gasification Market size was valued at USD 31.58 Million in 2023 and is expected to grow to USD 64.33 Million by 2031 and grow at a CAGR of 9.3% over the forecast period of 2024-2031.
The LPG Tanker Market size was valued at USD 185.22 million in 2022 and is expected to grow to USD 282.10 million by 2030 with a growing CAGR of 5.4% over the forecast period of 2023-2030.
The Carbon Capture and Storage Market size was valued at USD 8.5 billion in 2022 and is expected to grow to USD 13.14 billion by 2030 with a growing CAGR of 5.6% over the forecast period of 2023-2030.
The Flywheel Energy Storage Market size was valued at USD 359.53 million in 2023 and is expected to reach USD 840.84 million by 2032 with a growing CAGR of 9.9% over the forecast period of 2024-2032.
The Organic Rankine Cycle Market size was valued at USD 830.20 billion in 2022 and is expected to grow to USD 1084.79 billion by 2030 and grow at a CAGR of 3.4 % over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
