Global Outdoor Solar LED Market
The global Outdoor Solar LED market was valued at USD 5.31 billion in 2021 which expected to reach USD 24.75 billion by 2027 at a CAGR 24.6% from 2020-2027.
The majority of solar panels are made of single crystalline silicon, a semiconductor material. A solar cell is made up of two layers of silicon. Because electrons have a negative charge, the lower layer contains fewer electrons and so has a low positive charge. The upper layer likewise has more electrons and a slight negative charge. A potential barrier is generated between these two layers. When photons, or light particles, enter, they transfer their energy to the silicon atoms.
Market Drivers
Increasing solar energy generation investments.
Due to the increasing environmental constraints, certain firms are creating a large number of renewable energy-generating units. Furthermore, in order to reduce carbon emissions, numerous countries are focusing on environmentally friendly electricity generation methods. Solar energy is one of the most cost-effective renewable energy sources. As a result, governments are increasing their investment in solar energy.
Market Restraints
Sunlight Availability & Location are the main issue of the solar led.
One of the most critical factors impacting solar power performance is latitude. The efficiency of solar energy reduces substantially as one moves away from the equator, and not all regions receive the same amount of continuous sunlight. As a result, residents in countries such as Canada and Russia are at a disadvantage when it comes to solar energy. In places like Hawaii, where rain and clouds fall on average 277 days a year, closeness to the equator is ineffective since there isn't enough unclouded sunlight reaching the ground.
Impact of COVID-19
Many businesses are concerned about the pandemic's impact on the solar industry as a whole, as well as its unclear future. Furthermore, because China is the world's largest solar energy producer, the country's economic slowdown has had an influence on global output and renewable energy investment. The COVID-19 pandemic in India happened during the last fiscal quarter of the year, when the country's solar project implementation was at its peak. The country has set lofty targets for itself, including a target of 100 GW of solar energy by 2022. As of January 2020, India had approximately 35GW of solar power plants installed.
Market Segmentation
The Global Outdoor Solar LED Market is segmented into Application, Wattage, End-use and Growing System. By Application such as Solar LED Street Lights, Solar Garden LED Lights, Solar LED Floodlights, Solar LED Area Lights, Solar LED Spot Lights. Further, market is segmented into By Wattage such as Less than 39W, 40W to 149W, More than 150W. Cloud-based. By End-use such as Residential, Commercial, Industrial.
Regional Analysis
Global Outdoor Solar LED Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific has the largest market share and is expected to dominate the market during the forecast period. China led regional market growth, which is expected to continue throughout the forecast period. The growing number of smart cities, infrastructure development, and city expansion projects in numerous nations across the area can be credited to the regional market's expansion. In China, India, and Southeast Asian countries, there has been a spike in government programmes focused at deploying street lighting solutions in rural as well as urban markets, which is projected to contribute to market growth.
Over the forecast period, ongoing and future road and highway infrastructure development plans in the United Kingdom, Germany, France, and other European nations are likely to fuel demand for solar LED streetlights. Furthermore, the expansion of public-private partnership activities to collect money for solar projects in these nations is expected to fuel market growth. Furthermore, the rising demand for ornamental and outdoor architectural lighting in European countries is likely to propel the market over the next few years.
Key Players
Various key players are listed in this report such as Greenshine New Energy; Jiawei; LEADSUN; OkSolar; SBM-SolarTech; SEPCO Solar Electric Power Company; Signify Holding; SOKOYO; Solar Street Lights USA; Sunna Design SA
Market Taxonomy
By Application
By Wattage
By End-use
By Region
Key Questions Addressed by the Report
Global Outdoor Solar LED Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Outdoor Solar LED Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Outdoor Solar LED Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Outdoor Solar LED Market Share Analysis, By Application
5.3 Global Outdoor Solar LED Market Size and Forecast, By Application
5.3.1 Solar LED Street Lights
5.3.2 Solar Garden LED Lights
5.3.3 Solar LED Floodlights
5.3.4 Solar LED Area Lights
5.3.5 Solar LED Spot Lights
6 Global Outdoor Solar LED Market, By Wattage
6.1 Y-o-Y Growth Comparison, By Wattage
6.2 Global Outdoor Solar LED Market Share Analysis, By Wattage
6.3 Global Outdoor Solar LED Market Size and Forecast, By Wattage
6.3.1 Less than 39W
6.3.2 40W to 149W
6.3.3 More than 150W
7 Global Outdoor Solar LED Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Outdoor Solar LED Market Share Analysis, By End-use
7.3 Global Outdoor Solar LED Market Size and Forecast, By End-use
7.3.1 Residential
7.3.2 Commercial
7.3.3 Industrial
8 Global Outdoor Solar LED Market, By Region
8.1 Global Outdoor Solar LED Market Share Analysis, By Region
8.2 Global Outdoor Solar LED Market Share Analysis, By Region
8.3 Global Outdoor Solar LED Market Size and Forecast, By Region
9 North America Outdoor Solar LED Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Outdoor Solar LED Market Share Analysis, By Application
9.3 North America Outdoor Solar LED Market Size and Forecast, By Wattage
9.4 North America Outdoor Solar LED Market Size and Forecast, By End-use
9.6 North America Outdoor Solar LED Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Outdoor Solar LED Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Outdoor Solar LED Market Share Analysis, By Application
10.3 Europe Outdoor Solar LED Market Size and Forecast, By Wattage
10.4 Europe Outdoor Solar LED Market Size and Forecast, By End-use
10.6 Europe Outdoor Solar LED Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Outdoor Solar LED Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Outdoor Solar LED Market Share Analysis, By Application
11.3 Asia Pacific Outdoor Solar LED Market Size and Forecast, By Wattage
11.4 Asia Pacific Outdoor Solar LED Market Size and Forecast, By End-use
11.6 Asia Pacific Outdoor Solar LED Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Outdoor Solar LED Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Outdoor Solar LED Market Share Analysis, By Application
12.3 Latin America Outdoor Solar LED Market Size and Forecast, By Wattage
12.4 Latin America Outdoor Solar LED Market Size and Forecast, By End-use
12.6 Latin America Outdoor Solar LED Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Outdoor Solar LED Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Outdoor Solar LED Market Share Analysis, By Application
13.3 Middle East Outdoor Solar LED Market Size and Forecast, By Wattage
13.4 Middle East Outdoor Solar LED Market Size and Forecast, By End-use
13.6 Middle East Outdoor Solar LED Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Greenshine New Energy
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Jiawei
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. LEADSUN
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 OkSolar
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 SBM-SolarTech
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 SEPCO Solar Electric Power Company
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Signify Holding
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 SOKOYO
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Solar Street Lights USA
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Sunna Design SA
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
