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Global Outdoor Solar LED Market Size, Share & Trends Analysis Report by Application, by Wattage (Less Than 39W, 40W To 149W, More Than 150W), by End-use (Residential, Commercial, Industrial), by Region, and Segment Forecasts, 2021-2028

  • ID: 5415583
  • Report
  • April 2021
  • Region: Global
  • 80 pages
  • Grand View Research

FEATURED COMPANIES

  • Greenshine New Energy
  • Jiawei
  • LEADSUN
  • OkSolar
  • SBM-SolarTech
  • Signify Holding
  • MORE
The global outdoor solar LED market size is expected to reach USD 24.75 billion by 2028, registering a CAGR of 24.6% from 2021 to 2028, according to the new study. The use of solar PV cells in urban spaces for outdoor lighting applications has substantially increased over the last couple of years. The increased demand for these products can be attributed to their benefits on the fronts of energy efficiency, maintenance cost, and power cost over traditional lighting. As of 2020, the Europe market, closely following the Asia Pacific market in terms of market size, has witnessed a slight uptick in market demand with favorable regulations and incentive schemes supporting large-scale adoption.



Such government rebates and initiatives aimed at creating awareness about green, energy-saving products are anticipated to drive the adoption of solar LED products in commercial applications. For instance, Pacific Gas and Electric Company (PG&E), a U.S.-based combined electric energy company, provides zero percent interest loans to non-residential customers for energy-saving projects, including implementing solar LED lighting systems. Similarly, the U.K. government implemented the Enhanced Capital Allowance (ECA) initiative to promote the adoption of energy-efficient lighting solutions among businesses in exchange for tax benefits.

Solar LEDs are also making their way in the DIY/decorative lights category. Several residential owners are spending on solar LEDs as a part of small-scale residential landscape projects and events. Furthermore, to promote the adoption of renewable and energy-efficient products such as solar lightings and LEDs, several utilities, and local governing bodies are offering rebates and discount schemes for residential owners. Thus, the increasing awareness about energy conservation and collaborative efforts taken by governments are likely to drive the adoption of solar LEDs in the residential sector.

Outdoor Solar LED Market Report Highlights

  • In terms of application, the solar garden LED lights segment is expected to register the highest CAGR over the forecast period. The increasing spending on garden landscape designing in the residential and commercial spaces, to make the gardens aesthetically pleasing, is expected to drive the adoption of solar garden LEDs over the forecast period
  • In terms of wattage, the 40W to 149W segment captured the largest revenue share in 2020. These products are gaining popularity due to their attributes such as higher lumen and brightness, which make them particularly suitable for landscaping and street lighting applications
  • The demand for outdoor solar LEDs in commercial spaces is estimated to record a CAGR of around 25% from 2021 to 2028. The often large scale of commercial projects calls for a large number of lighting products, which is expected to favor the segment growth
  • With an increase in infrastructure development projects in China, India, and Japan, the Asia Pacific market held a substantial market share exceeding 40.0% in 2020 Growing investments in renewable and energy-saving programs across several countries in the region are anticipated to favor the growth of the regional market over the forecast period

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FEATURED COMPANIES

  • Greenshine New Energy
  • Jiawei
  • LEADSUN
  • OkSolar
  • SBM-SolarTech
  • Signify Holding
  • MORE
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Outlook
2.2.1. Global Outdoor Solar LED, 2016 - 2028
2.2.1.1. Global Outdoor Solar LED, by region, 2016 - 2028
2.2.1.2. Global Outdoor Solar LED, by application, 2016 - 2028
2.2.1.3. Global Outdoor Solar LED, by wattage, 2016 - 2028
2.2.1.4. Global Outdoor Solar LED, by end-use, 2016 - 2028

Chapter 3. Outdoor Solar LED Variables, Trends & Scope
3.1. Penetration & Growth prospect mapping
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Increasing popularity of solar street lighting
3.3.1.2. Decline in prices of solar panels and LEDs
3.3.1.3. Increase in number of smart city projects and highway and road infrastructure development initiatives
3.3.2. Market challenge/restraint analysis
3.3.2.1. Initial deployment costs and impact due to climate change
3.4. Business Environment Analysis Tools
3.4.1. Industry analysis - Porter’s five forces analysis
3.4.2. PEST analysis
3.5. Outdoor Solar LED: Competitive Insights
3.5.1. Key company market ranking analysis, 2019

Chapter 4. Outdoor Solar LED: Application Estimates & Trends Analysis
4.1. Application Market Analysis & Market Share, 2020 & 2028
4.1.1. Solar LED Street Lights
4.1.1.1. Global solar LED streetlights market, by region, 2016 - 2028 (USD Million)
4.1.2. Solar Garden LED Lights
4.1.2.1. Global solar garden LED lights market, by region, 2016 - 2028 (USD Million)
4.1.3. Solar LED Floodlights
4.1.3.1. Global solar LED floodlights market, by region, 2016 - 2028 (USD Million)
4.1.4. Solar LED Area Lights
4.1.4.1. Global solar LED area lights market, by region, 2016 - 2028 (USD Million)
4.1.5. Solar LED Spot Lights
4.1.5.1. Global solar LED spotlights market, by region, 2016 - 2028 (USD Million)

Chapter 5. Outdoor Solar LED: Wattage Estimates & Trends Analysis
5.1. Wattage Market Analysis & Market Share, 2020 & 2028
5.1.1. Less than 39W
5.1.1.1. Global less than 39W market, by region, 2016 - 2028 (USD Million)
5.1.2. 40W to 149W
5.1.2.1. Global 40W to 149W market, by region, 2016 - 2028 (USD Million)
5.1.3. More than 150W
5.1.3.1. Global more than 150W market, by region, 2016 - 2028 (USD Million)

Chapter 6. Outdoor Solar LED: End-Use Estimates & Trends Analysis
6.1. End-Use Market Analysis & Market Share, 2020 & 2028
6.1.1. Residential
6.1.1.1. Global residential market, by region, 2016 - 2028 (USD Million)
6.1.2. Commercial
6.1.2.1. Global commercial market, by region, 2016 - 2028 (USD Million)
6.1.3. Industrial
6.1.3.1. Global industrial market, by region, 2016 - 2028 (USD Million)

Chapter 7. Outdoor Solar LED: Regional Estimates & Trend analysis
7.1. Regional Market Analysis & Market Share, 2020 & 2028
7.1.1. North America
7.1.1.1. North America outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.1.2. North America outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.1.3. North America outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.1.4. U.S.
7.1.1.4.1. U.S. outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.1.4.2. U.S. outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.1.4.3. U.S. outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.1.5. Canada
7.1.1.5.1. Canada outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.1.5.2. Canada outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.1.5.3. Canada outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.2. Europe
7.1.2.1. Europe outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.2.2. Europe outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.2.3. Europe outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.2.4. U.K.
7.1.2.4.1. U.K. outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.2.4.2. U.K. outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.2.4.3. U.K. outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.2.5. Germany
7.1.2.5.1. Germany outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.2.5.2. Germany outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.2.5.3. Germany outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.2.6. Italy
7.1.2.6.1. Italy outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.2.6.2. Italy outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.2.6.3. Italy outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3. Asia Pacific
7.1.3.1. Asia Pacific outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.2. Asia Pacific outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.3. Asia Pacific outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3.4. China
7.1.3.4.1. China outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.4.2. China outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.4.3. China outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3.5. India
7.1.3.5.1. India outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.5.2. India outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.5.3. India outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3.6. Japan
7.1.3.6.1. Japan outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.6.2. Japan outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.6.3. Japan outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3.7. South Korea
7.1.3.7.1. South Korea outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.7.2. South Korea outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.7.3. South Korea outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3.8. Southeast Asia
7.1.3.8.1. Southeast Asia outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.8.2. Southeast Asia outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.8.3. Southeast Asia outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.3.9. South Asia
7.1.3.9.1. South Asia outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.3.9.2. South Asia outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.3.9.3. South Asia outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.4. Latin America
7.1.4.1. Latin America outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.4.2. Latin America outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.4.3. Latin America outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.4.4. Brazil
7.1.4.4.1. Brazil outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.4.4.2. Brazil outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.4.4.3. Brazil outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.4.5. Mexico
7.1.4.5.1. Mexico outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.4.5.2. Mexico outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.4.5.3. Mexico outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
7.1.5. Middle East & Africa
7.1.5.1. Middle East & Africa outdoor solar LED market, by application, 2016 - 2028 (USD Million)
7.1.5.2. Middle East & Africa outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
7.1.5.3. Middle East & Africa outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)

Chapter 8. Competitive Landscape
8.1. Company Profiles
8.1.1. Greenshine New Energy
8.1.1.1. Company overview
8.1.1.2. Financial performance
8.1.1.3. Product benchmarking
8.1.1.4. Strategic initiatives
8.1.2. Jiawei
8.1.2.1. Company overview
8.1.2.2. Financial performance
8.1.2.3. Product benchmarking
8.1.2.4. Strategic initiatives
8.1.3. LEADSUN
8.1.3.1. Company overview
8.1.3.2. Financial performance
8.1.3.3. Product benchmarking
8.1.3.4. Strategic initiatives
8.1.4. OkSolar
8.1.4.1. Company overview
8.1.4.2. Financial performance
8.1.4.3. Product benchmarking
8.1.4.4. Strategic initiatives
8.1.5. SBM-SolarTech
8.1.5.1. Company overview
8.1.5.2. Financial performance
8.1.5.3. Product benchmarking
8.1.5.4. Strategic initiatives
8.1.6. SEPCO Solar Electric Power Company
8.1.6.1. Company overview
8.1.6.2. Financial performance
8.1.6.3. Product benchmarking
8.1.6.4. Strategic initiatives
8.1.7. Signify Holding
8.1.7.1. Company overview
8.1.7.2. Financial performance
8.1.7.3. Product benchmarking
8.1.7.4. Strategic initiatives
8.1.8. SOKOYO
8.1.8.1. Company overview
8.1.8.2. Financial performance
8.1.8.3. Product benchmarking
8.1.8.4. Strategic initiatives
8.1.9. Solar Street Lights USA
8.1.9.1. Company overview
8.1.9.2. Financial performance
8.1.9.3. Product benchmarking
8.1.9.4. Strategic initiatives
8.1.10. Sunna Design SA
8.1.10.1. Company overview
8.1.10.2. Financial performance
8.1.10.3. Product benchmarking
8.1.10.4. Strategic initiatives

List of Tables
Table 1 List of Abbreviation
Table 2 Outdoor solar LED market, 2016 - 2028 (USD Million)
Table 3 Outdoor solar LED market, by region, 2016 - 2028 (USD Million)
Table 4 Outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 5 Outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 6 Outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 7 Global solar LED street lights, by region, 2016 - 2028 (USD Million)
Table 8 Global solar garden LED lights, by region, 2016 - 2028 (USD Million)
Table 9 Global solar LED floodlights, by region, 2016 - 2028 (USD Million)
Table 10 Global solar LED area lights, by region, 2016 - 2028 (USD Million)
Table 11 Global solar LED spotlights, by region, 2016 - 2028 (USD Million)
Table 12 Global less than 39W cloud market, by region, 2016 - 2028 (USD Million)
Table 13 Global 40W to 149W market, by region, 2016 - 2028 (USD Million)
Table 14 Global more than 150W market, by region, 2016 - 2028 (USD Million)
Table 15 Global residential market, by region, 2016 - 2028 (USD Million)
Table 16 Global commercial market, by region, 2016 - 2028 (USD Million)
Table 17 Global industrial market, by region, 2016 - 2028 (USD Million)
Table 18 North America outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 19 North America outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 20 North America outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 21 U.S. outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 22 U.S. outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 23 U.S. outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 24 Canada outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 25 Canada outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 26 Canada outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 27 Europe outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 28 Europe outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 29 Europe outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 30 U.K. outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 31 U.K. outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 32 U.K. outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 33 Germany outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 34 Germany outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 35 Germany outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 36 Italy outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 37 Italy outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 38 Italy outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 39 Asia Pacific outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 40 Asia Pacific outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 41 Asia Pacific outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 42 China outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 43 China outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 44 China outdoor solar LED market by end-use, 2016 - 2028 (USD Million)
Table 45 India outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 46 India outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 47 India outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 48 Japan outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 49 Japan outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 50 Japan outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 51 South Korea outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 52 South Korea outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 53 South Korea outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 54 Southeast Asia outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 55 Southeast Asia outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 56 Southeast Asia outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 57 South Asia outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 58 South Asia outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 59 South Asia outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 60 Latin America outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 61 Latin America outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 62 Latin America outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 63 Brazil outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 64 Brazil outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 65 Brazil outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 66 Mexico outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 67 Mexico outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 68 Mexico outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)
Table 69 MEA outdoor solar LED market, by application, 2016 - 2028 (USD Million)
Table 70 MEA outdoor solar LED market, by wattage, 2016 - 2028 (USD Million)
Table 71 MEA outdoor solar LED market, by end-use, 2016 - 2028 (USD Million)

List of Figures
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Market snapshot
Fig. 4 Outdoor solar LED market, 2016 - 2028 (USD Million)
Fig. 5 Market segmentation and scope
Fig. 6 Value chain analysis
Fig. 7 Market penetration & growth prospect mapping
Fig. 8 PEST Analysis
Fig. 9 Porter’s five forces analysis
Fig. 10 Key company market ranking analysis, 2020
Fig. 11 Application segment analysis & market share, 2020 & 2028
Fig. 12 Wattage segment analysis & market share, 2020 & 2028
Fig. 13 End-use segment analysis & market share, 2020 & 2028
Fig. 14 Regional segment analysis & market share, 2020 & 2028
Note: Product cover images may vary from those shown
  • Greenshine New Energy
  • Jiawei
  • LEADSUN
  • OkSolar
  • SBM-SolarTech
  • SEPCO Solar Electric Power Company
  • Signify Holding
  • SOKOYO
  • Solar Street Lights USA
  • Sunna Design SA
Note: Product cover images may vary from those shown

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