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Global Outdoor Solar LED Market Size, Share & Industry Trends Analysis Report By Application (Street Lights, Garden Lights, Floodlights, Area Lights, and Spot Lights), By End Use, By Wattage, By Regional Outlook and Forecast, 2022-2028

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    Report

  • 194 Pages
  • June 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5636483
The Global Outdoor Solar LED Market size is expected to reach $19.8 billion by 2028, rising at a market growth of 23.5% CAGR during the forecast period.

Single crystalline silicon, a semiconductor material, is used in the majority of solar panels. Two layers of silicon make up a solar cell. Due to the negative charge characteristic of electrons, the lower layer contains fewer electrons and hence has a little positive charge. The higher layer also contains more electrons and has a little negative charge. Between these two layers, a potential barrier is formed. When photons, a stream of light particles, enter, they give it up to their energy to the silicon atoms.



It moves one electron from the top layer to the bottom level by promoting one electron from a sharing of electrons to the next energy level. The promotion of an electron allows for more free mobility within the crystal, resulting in the generation of a current. Because more light shines through, more electrons move around, and more current flows between them, more current flows between them. Photovoltaic and photoelectric effects are terms used to describe this phenomenon. Photovoltaic (PV) systems turn sunlight directly into electricity.

One of the important reasons driving market expansion is the rising trend of LEDs for outdoor lighting applications, particularly in street light applications, due to better efficiency and quality. The rising use of solar as an alternative energy source for lighting in different nations is also expected to drive market expansion. The usage of outdoor solar LED goods is projected to increase as a result of the increased implementation of numerous smart city development initiatives, providing potential for suppliers in this market.

Utilizing solar lights instead of conventional outdoor lighting can result in significant cost savings because they don't use electricity and can last for several years before needing to be updated. Not to mention how well it affects the environment. Through regular maintenance, users can ensure that lights last as long as possible, illuminating space while demonstrating their worth. The batteries to last roughly two years before they need to be replaced, however they may live longer. LEDs typically last 10 to 15 years unless they need to be replaced.

COVID-19 Impact Analysis

Many businesses are concerned about the influence of the pandemic on the solar sector as a whole, and its uncertain future. Furthermore, because China is the world's largest market for solar energy generating, the country's economic slowdown has had an impact on worldwide production and renewable energy investment. In India, the COVID-19 outbreak occurred during the last financial quarter year, when the country's solar project implementation is at its highest. The country has set lofty goals for itself, with a goal of 100 GW of solar energy by 2022. India has roughly 35GW of solar power plants installed as of January 2020. PV (photovoltaic) modules are used to charge batteries in a freestanding solar photovoltaic street lighting system. As a result of the crisis, PV module production has slowed and solar photovoltaic cell power generation has been hampered.

Market Growth Factors


Increasing solar energy generation investments

The increasing environmental restrictions, some corporations are developing numerous renewable energy-generating units. Furthermore, to reduce carbon emissions, several countries are focusing on environmentally friendly power-producing methods. Solar energy is one of the most cost-effective renewable energy sources. As a result, governments are boosting their solar energy investments. The Institute Of technology did research on flexible solar cells, in which the active component of thin-film cells, which is normally made of glass for better performance, collects solar energy and creates electricity.

Installation of a solar-powered LED is easy.

Solar lighting is an excellent choice for anyone looking to create lighting in areas where there is no connection to the electrical grid or in distant locations where the main power source is unreliable. Solar lighting can be a stand-alone device with its solar panel, battery, and bulb, but pipelines driven lighting can be time-consuming and expensive to install. This also means that, if necessary, they may be easily and inexpensively transported to new locations. Since there is no mains wire required, solar lighting is especially popular in gardens. It allows achieving results fast and easily anyplace in the garden, all without an electrician.



Market Restraining Factors


Sunlight Availability & Location are the main issue of the solar led

One of the most important criteria in influencing the effectiveness of solar power latitude. Move further from the equator, the efficiency of solar energy decreases dramatically, and not all areas earn the same quantity of continuous sunlight. As a result, citizens in regions like Canada and Russia are at a disadvantage when it comes to solar energy. However, in regions like Hawaii, where rain and clouds fall on average 277 days per year, proximity to the equator is useless because there isn't enough unclouded sunshine reaching the ground. Since the earth is oriented such that the sun is closer to a particular position in the summer, people can create more electricity than they require. During the winter, the earth's tilt pulls location further from the sun, preventing the production of enough electricity to meet demands.

Application Outlook

Based on Application, the market is segmented into Street Lights, Garden Lights, Floodlights, Area Lights, and Spot Lights. The street lights segment acquired the highest revenue share in the Outdoor Solar LED Market in 2021. Due to the increase in smart city initiatives and investment in road infrastructure investment operations in numerous nations is expected to boost segment growth. Furthermore, in order to increase energy savings, several local governments around the world are exploring Public-Private Partnerships (PPP) to secure financing for the installation of solar street lights, hence promoting segment expansion.

End Use Outlook

Based on End Use, the market is segmented into Commercial, Residential, and Industrial. The residential segment witnessed a significant revenue share in the Outdoor Solar LED Market in 2021. Due to the expansion of the market can be ascribed to an increase in expenditure on residential outside settings for hosting events, parties, and a range of activities. Furthermore, over the projected period, the rising popularity of decorative outside lighting for yards and garden pavers is expected to encourage the usage of outdoor solar LEDs in residential settings

Wattage Outlook

Based on Wattage, the market is segmented into 40W to 149W, Less than 39W, and More than 150W. The 40W to 149W segment procured the highest revenue share in the Outdoor Solar LED Market in 2021. Due to the street lights, floodlights, and path lights are popular items with power ratings ranging from 40 to 149 watts and are used in highways, tunnels, paths, and streets. Continuous innovation has resulted in the creation of products that provide high emphasis intensity with lower energy consumption, which is projected to boost the segment's growth throughout the forecast period.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific segment acquired the largest revenue share in the Outdoor Solar LED Market in 2021. China is likely to continue to lead regional market growth over the projection period. The growth of the regional market can be attributed to the increasing number of smart urban, infrastructure building, and metropolitan expansion projects in numerous nations in the region.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Greenshine New Energy LLC, Jiawei Renewable Energy Co. Ltd., Leadsun, SBM NewTech Co., Ltd., Solar Electric Power Company, Signify N.V., JiangsuSokoyo Solar LightingCo., Ltd., Solar Street Lights USA, and Sunna Design SA.

Scope of the Study


Market Segments Covered in the Report:


By Application
  • Street Lights
  • Garden Lights
  • Floodlights
  • Area Lights
  • Spot Lights
By End Use
  • Commercial
  • Residential
  • Industrial
By Wattage
  • 40W to 149W
  • Less than 39W
  • More than 150W
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Greenshine New Energy LLC
  • Jiawei Renewable Energy Co. Ltd.
  • Leadsun
  • SBM NewTech Co., Ltd
  • Solar Electric Power Company
  • Signify N.V.
  • JiangsuSokoyo Solar LightingCo., Ltd
  • Solar Street Lights USA
  • Sunna Design SA

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Outdoor Solar LED Market, by Application
1.4.2 Global Outdoor Solar LED Market, by End Use
1.4.3 Global Outdoor Solar LED Market, by Wattage
1.4.4 Global Outdoor Solar LED Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Outdoor Solar LED Market by Application
3.1 Global Street Lights Market by Region
3.2 Global Garden Lights Market by Region
3.3 Global Floodlights Market by Region
3.4 Global Area Lights Market by Region
3.5 Global Spot Lights Market by Region
Chapter 4. Global Outdoor Solar LED Market by End-use
4.1 Global Commercial Market by Region
4.2 Global Residential Market by Region
4.3 Global Industrial Market by Region
Chapter 5. Global Outdoor Solar LED Market by Wattage
5.1 Global 40W to 149W Market by Region
5.2 Global Less than 39W Market by Region
5.3 Global More than 150W Market by Region
Chapter 6. Global Outdoor Solar LED Market by Region
6.1 North America Outdoor Solar LED Market
6.1.1 North America Outdoor Solar LED Market by Application
6.1.1.1 North America Street Lights Market by Country
6.1.1.2 North America Garden Lights Market by Country
6.1.1.3 North America Floodlights Market by Country
6.1.1.4 North America Area Lights Market by Country
6.1.1.5 North America Spot Lights Market by Country
6.1.2 North America Outdoor Solar LED Market by End-use
6.1.2.1 North America Commercial Market by Country
6.1.2.2 North America Residential Market by Country
6.1.2.3 North America Industrial Market by Country
6.1.3 North America Outdoor Solar LED Market by Wattage
6.1.3.1 North America 40W to 149W Market by Country
6.1.3.2 North America Less than 39W Market by Country
6.1.3.3 North America More than 150W Market by Country
6.1.4 North America Outdoor Solar LED Market by Country
6.1.4.1 US Outdoor Solar LED Market
6.1.4.1.1 US Outdoor Solar LED Market by Application
6.1.4.1.2 US Outdoor Solar LED Market by End-use
6.1.4.1.3 US Outdoor Solar LED Market by Wattage
6.1.4.2 Canada Outdoor Solar LED Market
6.1.4.2.1 Canada Outdoor Solar LED Market by Application
6.1.4.2.2 Canada Outdoor Solar LED Market by End-use
6.1.4.2.3 Canada Outdoor Solar LED Market by Wattage
6.1.4.3 Mexico Outdoor Solar LED Market
6.1.4.3.1 Mexico Outdoor Solar LED Market by Application
6.1.4.3.2 Mexico Outdoor Solar LED Market by End-use
6.1.4.3.3 Mexico Outdoor Solar LED Market by Wattage
6.1.4.4 Rest of North America Outdoor Solar LED Market
6.1.4.4.1 Rest of North America Outdoor Solar LED Market by Application
6.1.4.4.2 Rest of North America Outdoor Solar LED Market by End-use
6.1.4.4.3 Rest of North America Outdoor Solar LED Market by Wattage
6.2 Europe Outdoor Solar LED Market
6.2.1 Europe Outdoor Solar LED Market by Application
6.2.1.1 Europe Street Lights Market by Country
6.2.1.2 Europe Garden Lights Market by Country
6.2.1.3 Europe Floodlights Market by Country
6.2.1.4 Europe Area Lights Market by Country
6.2.1.5 Europe Spot Lights Market by Country
6.2.2 Europe Outdoor Solar LED Market by End-use
6.2.2.1 Europe Commercial Market by Country
6.2.2.2 Europe Residential Market by Country
6.2.2.3 Europe Industrial Market by Country
6.2.3 Europe Outdoor Solar LED Market by Wattage
6.2.3.1 Europe 40W to 149W Market by Country
6.2.3.2 Europe Less than 39W Market by Country
6.2.3.3 Europe More than 150W Market by Country
6.2.4 Europe Outdoor Solar LED Market by Country
6.2.4.1 Germany Outdoor Solar LED Market
6.2.4.1.1 Germany Outdoor Solar LED Market by Application
6.2.4.1.2 Germany Outdoor Solar LED Market by End-use
6.2.4.1.3 Germany Outdoor Solar LED Market by Wattage
6.2.4.2 UK Outdoor Solar LED Market
6.2.4.2.1 UK Outdoor Solar LED Market by Application
6.2.4.2.2 UK Outdoor Solar LED Market by End-use
6.2.4.2.3 UK Outdoor Solar LED Market by Wattage
6.2.4.3 France Outdoor Solar LED Market
6.2.4.3.1 France Outdoor Solar LED Market by Application
6.2.4.3.2 France Outdoor Solar LED Market by End-use
6.2.4.3.3 France Outdoor Solar LED Market by Wattage
6.2.4.4 Russia Outdoor Solar LED Market
6.2.4.4.1 Russia Outdoor Solar LED Market by Application
6.2.4.4.2 Russia Outdoor Solar LED Market by End-use
6.2.4.4.3 Russia Outdoor Solar LED Market by Wattage
6.2.4.5 Spain Outdoor Solar LED Market
6.2.4.5.1 Spain Outdoor Solar LED Market by Application
6.2.4.5.2 Spain Outdoor Solar LED Market by End-use
6.2.4.5.3 Spain Outdoor Solar LED Market by Wattage
6.2.4.6 Italy Outdoor Solar LED Market
6.2.4.6.1 Italy Outdoor Solar LED Market by Application
6.2.4.6.2 Italy Outdoor Solar LED Market by End-use
6.2.4.6.3 Italy Outdoor Solar LED Market by Wattage
6.2.4.7 Rest of Europe Outdoor Solar LED Market
6.2.4.7.1 Rest of Europe Outdoor Solar LED Market by Application
6.2.4.7.2 Rest of Europe Outdoor Solar LED Market by End-use
6.2.4.7.3 Rest of Europe Outdoor Solar LED Market by Wattage
6.3 Asia Pacific Outdoor Solar LED Market
6.3.1 Asia Pacific Outdoor Solar LED Market by Application
6.3.1.1 Asia Pacific Street Lights Market by Country
6.3.1.2 Asia Pacific Garden Lights Market by Country
6.3.1.3 Asia Pacific Floodlights Market by Country
6.3.1.4 Asia Pacific Area Lights Market by Country
6.3.1.5 Asia Pacific Spot Lights Market by Country
6.3.2 Asia Pacific Outdoor Solar LED Market by End-use
6.3.2.1 Asia Pacific Commercial Market by Country
6.3.2.2 Asia Pacific Residential Market by Country
6.3.2.3 Asia Pacific Industrial Market by Country
6.3.3 Asia Pacific Outdoor Solar LED Market by Wattage
6.3.3.1 Asia Pacific 40W to 149W Market by Country
6.3.3.2 Asia Pacific Less than 39W Market by Country
6.3.3.3 Asia Pacific More than 150W Market by Country
6.3.4 Asia Pacific Outdoor Solar LED Market by Country
6.3.4.1 China Outdoor Solar LED Market
6.3.4.1.1 China Outdoor Solar LED Market by Application
6.3.4.1.2 China Outdoor Solar LED Market by End-use
6.3.4.1.3 China Outdoor Solar LED Market by Wattage
6.3.4.2 Japan Outdoor Solar LED Market
6.3.4.2.1 Japan Outdoor Solar LED Market by Application
6.3.4.2.2 Japan Outdoor Solar LED Market by End-use
6.3.4.2.3 Japan Outdoor Solar LED Market by Wattage
6.3.4.3 India Outdoor Solar LED Market
6.3.4.3.1 India Outdoor Solar LED Market by Application
6.3.4.3.2 India Outdoor Solar LED Market by End-use
6.3.4.3.3 India Outdoor Solar LED Market by Wattage
6.3.4.4 South Korea Outdoor Solar LED Market
6.3.4.4.1 South Korea Outdoor Solar LED Market by Application
6.3.4.4.2 South Korea Outdoor Solar LED Market by End-use
6.3.4.4.3 South Korea Outdoor Solar LED Market by Wattage
6.3.4.5 Singapore Outdoor Solar LED Market
6.3.4.5.1 Singapore Outdoor Solar LED Market by Application
6.3.4.5.2 Singapore Outdoor Solar LED Market by End-use
6.3.4.5.3 Singapore Outdoor Solar LED Market by Wattage
6.3.4.6 Malaysia Outdoor Solar LED Market
6.3.4.6.1 Malaysia Outdoor Solar LED Market by Application
6.3.4.6.2 Malaysia Outdoor Solar LED Market by End-use
6.3.4.6.3 Malaysia Outdoor Solar LED Market by Wattage
6.3.4.7 Rest of Asia Pacific Outdoor Solar LED Market
6.3.4.7.1 Rest of Asia Pacific Outdoor Solar LED Market by Application
6.3.4.7.2 Rest of Asia Pacific Outdoor Solar LED Market by End-use
6.3.4.7.3 Rest of Asia Pacific Outdoor Solar LED Market by Wattage
6.4 LAMEA Outdoor Solar LED Market
6.4.1 LAMEA Outdoor Solar LED Market by Application
6.4.1.1 LAMEA Street Lights Market by Country
6.4.1.2 LAMEA Garden Lights Market by Country
6.4.1.3 LAMEA Floodlights Market by Country
6.4.1.4 LAMEA Area Lights Market by Country
6.4.1.5 LAMEA Spot Lights Market by Country
6.4.2 LAMEA Outdoor Solar LED Market by End-use
6.4.2.1 LAMEA Commercial Market by Country
6.4.2.2 LAMEA Residential Market by Country
6.4.2.3 LAMEA Industrial Market by Country
6.4.3 LAMEA Outdoor Solar LED Market by Wattage
6.4.3.1 LAMEA 40W to 149W Market by Country
6.4.3.2 LAMEA Less than 39W Market by Country
6.4.3.3 LAMEA More than 150W Market by Country
6.4.4 LAMEA Outdoor Solar LED Market by Country
6.4.4.1 Brazil Outdoor Solar LED Market
6.4.4.1.1 Brazil Outdoor Solar LED Market by Application
6.4.4.1.2 Brazil Outdoor Solar LED Market by End-use
6.4.4.1.3 Brazil Outdoor Solar LED Market by Wattage
6.4.4.2 Argentina Outdoor Solar LED Market
6.4.4.2.1 Argentina Outdoor Solar LED Market by Application
6.4.4.2.2 Argentina Outdoor Solar LED Market by End-use
6.4.4.2.3 Argentina Outdoor Solar LED Market by Wattage
6.4.4.3 UAE Outdoor Solar LED Market
6.4.4.3.1 UAE Outdoor Solar LED Market by Application
6.4.4.3.2 UAE Outdoor Solar LED Market by End-use
6.4.4.3.3 UAE Outdoor Solar LED Market by Wattage
6.4.4.4 Saudi Arabia Outdoor Solar LED Market
6.4.4.4.1 Saudi Arabia Outdoor Solar LED Market by Application
6.4.4.4.2 Saudi Arabia Outdoor Solar LED Market by End-use
6.4.4.4.3 Saudi Arabia Outdoor Solar LED Market by Wattage
6.4.4.5 South Africa Outdoor Solar LED Market
6.4.4.5.1 South Africa Outdoor Solar LED Market by Application
6.4.4.5.2 South Africa Outdoor Solar LED Market by End-use
6.4.4.5.3 South Africa Outdoor Solar LED Market by Wattage
6.4.4.6 Nigeria Outdoor Solar LED Market
6.4.4.6.1 Nigeria Outdoor Solar LED Market by Application
6.4.4.6.2 Nigeria Outdoor Solar LED Market by End-use
6.4.4.6.3 Nigeria Outdoor Solar LED Market by Wattage
6.4.4.7 Rest of LAMEA Outdoor Solar LED Market
6.4.4.7.1 Rest of LAMEA Outdoor Solar LED Market by Application
6.4.4.7.2 Rest of LAMEA Outdoor Solar LED Market by End-use
6.4.4.7.3 Rest of LAMEA Outdoor Solar LED Market by Wattage
Chapter 7. Company Profiles
7.1 Signify N.V.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments
7.1.5.1 Product Launches and Product Expansions
7.1.5.2 Acquisition and Mergers
7.2 Sunna Design SA
7.2.1 Company Overview
7.2.2 Recent strategies and developments
7.2.2.1 Acquisition and Mergers
7.3 Solar Street Lights USA
7.3.1 Company Overview
7.4 Jiangsu Sokoyo Solar Lighting Co., Ltd
7.4.1 Company Overview
7.5 Solar Electric Power Company
7.5.1 Company Overview
7.6 Leadsun
7.6.1 Company Overview
7.7 Jiawei Renewable Energy Co. Ltd.
7.7.1 Company Overview
7.8 Greenshine New Energy LLC
7.8.1 Company Overview
7.9 SBM NewTech Co., Ltd
7.9.1 Company Overview

Companies Mentioned

  • Greenshine New Energy LLC
  • Jiawei Renewable Energy Co. Ltd.
  • Leadsun
  • SBM NewTech Co., Ltd
  • Solar Electric Power Company
  • Signify N.V.
  • Jiangsu Sokoyo Solar Lighting Co., Ltd
  • Solar Street Lights USA
  • Sunna Design SA

Methodology

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