Solar LED Lighting Market Size | Global Industry SWOT Analysis Report With COVID19 Impacts

According to MarkNtel Advisors' research report, "Global Solar LED Lighting Market Analysis, 2021," the market is likely to witness around 20% CAGR in the forecast period, i.e., 2021-26. It owes to the ongoing technological advancements toward making & providing the product at reduced prices in remote areas. Therefore, the introduction of Solar LED Lighting is likely to bring an alternative for households & municipalities in such areas and shall further bring exponential growth of Solar LED Lighting in the forecast period, i.e., 2021-26.

Get the sample copy of the market research: https://bit.ly/3xk4o1b

Key Questions Answered in the Study
1. What are the current and future trends in the Global Solar LED Lighting Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Solar LED Lighting Market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Solar LED Lighting Market service providers across various regions?

Stand-Alone Type to Witness the Fastest Growth
Based on the Type, the Global Solar LED Lighting Market segments into Stand-alone and On-Grid. Here, the Stand-alone type is more likely to witness robust growth in the forecast period due to its wide use with no dependence on conventional energy sources, reducing the need for the general grid of any power requirement. These Solar LED Lightings operate in Stand-alone mode where the battery type contains a lead-acid battery for storage & photovoltaic modules to charge the battery. The stand-alone solar street lighting is low maintenance & has a long life. Furthermore, its automatic functions of dusk & dawn operation with a set timer are other critical aspects likely to propel their demand in the forecast period.

Commercial Sector Application Attains the Largest Share

Based on the Application, the Global Solar LED Lighting Market segments into Commercial, Residential, and Industrial. Here, the Commercial sector dominated the market in the previous years with the largest share and is likely to continue its dominance in the forecast years, too. It owes to the extensive measures taken by the governments across regions to escalate the adoption of solar LED lighting & reduce CO2 emissions. Solar lighting is used mainly for commercial sectors like streets, tunnels, subways, highways, etc. The growing trend for automatic dawn & dusk lighting systems is further propelling the growth of the Global Solar LED Lighting market to a large extent. Furthermore, areas like pathways, parking lots, subways, and parks are undergoing Solar LED lighting Systems installation. Hence, the segment is likely to grow with the largest share in the forecast years.

For detailed analysis: https://www.marknteladvisors.com/research-library/global-solar-led-lighting-market.html

"Global Solar LED Lighting Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Solar LED Lighting providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the leading players in the Global Solar LED Lighting Market are Bisol, Greenshine New Energy, Solar Lighting International, Anuhi Longvolt Energy Co., Ltd., Solar Electric Power Company (SEPC), Solux, Orion Solar, Leadsun, Bridgelux, Inc, SOKOYO Solar Group, Urja Global, Solektra International.

Market Segmentation:
1. By Application (Commercial, Residential, and Industrial)
2. By Type (Stand-alone and On-Grid)
3. By Product (Lamps and Luminaires)
4. By Component Type (Solar Panel, Battery, Pole, Lamp, and Other components)
5. By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, China, India, Japan, South Korea, Australia, South-East Asia, UAE, Saudi Arabia)
6. By Company (Bisol, Greenshine New Energy, Solar Lighting International, Anuhi Longvolt Energy Co., Ltd., Solar Electric Power Company (SEPC), Solux, Orion Solar, Leadsun, Bridgelux, Inc, SOKOYO Solar Group, Urja Global, Solektra International)

MarkNtel Advisors
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.