Outdoor Solar LED Market size to hit USD 37.50 Bn. by 2030 at a CAGR 25.10 percent - says Maximize Market Research

Global Outdoor Solar LED Market in Asia Pacific is to grow rapidly during the forecast period. Global Outdoor Solar LED Market analysis has been done by dividing the market into two main segments: Wattage, Application, and End-User.

Maximize Market Research a leading Electronics research firm has published a market intelligence report on the Global Outdoor Solar LED Market. As per the report, the total market opportunity by 2030 is expected to be USD 37.50 Bn. The total market was valued at USD 8.12 Bn. in 2023 and it is expected to grow at a CAGR of 25.10 percent during the forecast period.

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Market Size in 2023: USD 8.12 Billion
Market Size in 2030: USD 37.50 Billion
CAGR: 25.10 percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 227
No. of Tables: 138
No. of Charts and Figures: 186
Segment Covered: By Wattage, Application, and End-User

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

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Outdoor Solar LED Market Report Scope and Research Methodology

The Market Report for Outdoor Solar LED gives a full analysis of the world market. It looks at important parts, trends, reasons why things happen and difficulties or chances to do something. The report looks into many types of products and how it's used in different places around the world, showing what is happening now and what could happen later on in this area. The range includes detailed assessments of market motion such as technology development, rules set by authorities, and competition field structure among others.

The study process used in the report is a mix of first-hand and second-hand research. First, primary research includes thorough interviews with professionals from the industry, manufacturers, and distributors. This guarantees direct information about market tendencies and evolutions. Surveys as well as feedback from involved parties along the value chain offer extra understanding. Secondary research means checking industry reports, trade journals, company websites, and good databases to confirm and strengthen the findings. After carefully studying the data using numbers and other methods to make sure it's correct and can be trusted.

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Outdoor Solar LED Market Overview

Outdoor Solar LED describes lighting solutions powered by light-emitting diodes (LEDs) and using solar energy. Sunlight is captured by these lights with the help of photovoltaic panels, turning it into electric power that gets stored in batteries to be used during night or dark periods. These options are kinder to the environment if compared to normal outside lights because they save power, need less maintenance, and don't depend on the electrical system. The market for solar LED lighting systems is growing because of the rising problems with the environment and pollution. Also, there's a higher need for energy-efficient lights that use solar power. The use of renewable lighting energy is also increasing, especially in developing and rising nations.

Outdoor Solar LED Market Dynamics

Government actions and motivations are crucial for progress in the Outdoor Solar LED Industry. Policies that assist, subsidies, and advantages to encourage renewable energy projects such as solar lighting can also enhance their use proportion. These steps are not only helpful in improving entry into the market but also motivate investment in solar LED technologies by reducing the early costs of establishing this kind of system. These things are good for the local community, businesses, and homes. They help in growth of the market.

The need for outdoor lighting solutions is motivated by fast urbanization and infrastructural development in emerging markets, which are establishing a demand globally. When cities become larger, there is a greater requirement for lighting choices that are sustainable and economically viable. Outdoor Solar LEDs fulfil these needs because they provide reliable lighting solutions not reliant on the grid, assisting in growing outdoor lighting networks at an affordable cost.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-outdoor-solar-led-market/113493/

Outdoor Solar LED Market Regional Insights

Asia Pacific is the top market in terms of regional insight, holding more than XX of the Outdoor Solar LED market in 2023. China leads the growth of this regional market. The growth of the regional market might be due to the increasing number of smart cities, development in infrastructure, and projects for expanding cities across different nations within its area. Street lighting solutions in rural and urban areas are seeing more attention from governments in China, India, and Southeast Asian nations. This trend might influence the expansion of the Outdoor Solar LED market.

During the forecast period, continuous and future building projects for road and highway infrastructure in the United Kingdom, Germany, and France along with other European nations are expected to raise the need for solar LED streetlights. A rise in combined public-private partnership attempts to collect money for solar projects within these nations is expected to push market growth. The increasing demand for decorative and outdoor architectural lighting across Europe is also expected to drive market growth.

Outdoor Solar LED Market Segmentation

By Wattage

• Less than 39W
• 40W to 149W
• Greater than 149W

The market of outdoor solar LED is divided into three types, which are Less than 39W, 40W to 149W, and Greater than 150W. The segment for 40W to 149W devices took up most of the market with a share that was above XX %. The most common goods in the range of 40W to 149W are street lamps and luminaires for tunnels, roads, or road lights. Goods with increased illumination intensity but restricted energy use have been developed which will fuel category expansion during the projection period. Also, there is a rising demand for upgrading traditional road lights that require powerful illumination solutions.

By Application

• Solar LED Street Lights
• Solar Garden LED Lights
• Solar LED Floodlights
• Solar LED Area Lights
• Solar LED Spot Lights

In the year 2023, the leading segment of solar-led street lighting had more than XX percent revenue share. At the time of prediction, the trend is probable to carry on. The rise in clever city initiatives and investments in road infrastructure upgrade operations across different nations are predicted to push sector growth. Moreover, numerous local governments around the world are pushing for Public-Private Partnerships (PPP) to get money for solar streetlight installation as a way of encouraging energy savings which will support sector growth.

By End-User

• Residential
• Commercial
• Industrial

In 2023, the commercial segment dominated the most market share and contributed to more than XX percent of overall income. With an increase in spending on projects for developing solar street lighting infrastructure, it is expected to be a rise in demand for solar LEDs within the commercial sector. Also, to promote solar LED lighting for corporate use, many utilities, cities and local governments give tax rebates and incentive schemes. Therefore, it's predicted that the demand of solar LED will go up in commercial area.

Outdoor Solar LED Market Key Competitors include:

• Green Shine New Energy
• LEADSUN
• Ok Solar
• SBM-SolarTech
• SEPCO Solar Electric Power Company
• SOKOYO
• Solar Street Lights USA
• Sunna Design SA
• Signify Holding
• Eaton
• Su-Kam Power System
• Clear Blue Technologies
• Jiawei

Key questions answered in the Global Outdoor Solar LED Market are:

• What is the expected CAGR of the Outdoor Solar LED Market during the forecast period?
• What was the Outdoor Solar LED Market Size in 2023?
• What is the expected Outdoor Solar LED Market size in 2030?
• What are the global trends in the Outdoor Solar LED Market?
• What are the upcoming industry applications and trends for the Outdoor Solar LED Market?
• What recent industry trends can be implemented to generate additional revenue streams for the Outdoor Solar LED Market?
• What growth strategies are the players considering to increase their presence in the Outdoor Solar LED Market?
• What major challenges could the Outdoor Solar LED Market face in the future?
• Who held the largest market share in the Outdoor Solar LED Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2023-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by Wattage, Application, and End-User.
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
 Competitive landscape - Market Leaders, Market Followers, Regional player
 Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is leading Electronics research firm, has also published the following reports:

Solar Street Lighting Market: The total market size was valued at USD 4.80 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 14.5 percent from 2024 to 2030, reaching USD 12.38 Bn. The rise in efficiency, and revolutionizing the way streets are powered are expected to drive market growth.

Outdoor LED Smart Lighting Solution Market: The total market size was valued at USD 0.41 Bn in 2022 and the total revenue is expected to grow at a CAGR of 23.15 percent from 2022 to 2029, reaching USD 1.78 Bn. In the communication technology segment, the wireless sub-segment dominated the market in the year 2022.

Solar Charging Station Market: The total market size was valued at USD 198.48 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 6.8 percent from 2023 to 2029, reaching USD 323.42 Mn. The adoption of electric vehicles (EVs) is expected to drive market growth.

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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