Global Solar Outdoor LED Lighting Market Research Report forecast 2020-2027
Summary - A new
market study, titled “Global Solar Outdoor LED Lighting Market Size study,
by Type (Street Lights, Flood Lights, Garden Lights, Spotlights, Area Lights)
by Application (Residential, Commercial, Others) and Regional Forecasts
2020-2027” has been featured on Wise Guy Reports.
Global Solar Outdoor LED
Lighting Market is valued approximately at USD XXX billion in 2019 and is
anticipated to grow with a healthy growth rate of more than XX % over the
forecast period 2020-2027. Solar Outdoor LED lights are powered by
photo-voltaic panels and are majorly used in street lighting. The market growth
is primarily driven by growing environmental concerns amongst the consumers
regarding clean sources of energy such as Solar Power and Wind power.
Furthermore, increasing deployment of solar panels is
expected to drive the market growth in near future. As in May 2019, the Solar
Energy Industries Association (SEIA) announced that the US has reached 2
million Solar PV installations. The surge in the demand can be witnessed from
the fact that it took 40 years to reach the 1 million mark for installation
while only 3 years to reach the 2 million mark. Also, according to Solar Means
Business Report of 2018, 35,000 projects are operating in the USA which produce
more than 7000 megawatts of energy which cover 70% of all the commercial solar
capacity plants installed in the country. Apple leads the company rankings with
393.3MW of installed capacity of solar power generation followed by amazon with
329.8 MW of installed capacity. Other major companies also have adopted the
solar energy with Walmart, Switch, Target, Google etc. The report also states a
decrease of 63% in the installation cost of the on-site commercial solar PV
system over the last decade. The technological advancement and increased
capacity and efficiency has boosted the market growth. However, high costs and
maintenance impedes the growth of the market over the forecast period of
2020-2027.
The regional analysis of global Solar Outdoor LED Lighting
market is considered for the key regions such as Asia Pacific, North America,
Europe, Latin America and Rest of the World. North America is the
leading/significant region across the world in terms of market share owing to
the growing deployment of solar panels in the region coupled with escalated
consumer awareness. Whereas, Asia-Pacific is also anticipated to exhibit
highest growth rate / CAGR over the forecast period 2020-2027. Factors such as
rising government initiatives and surging investments in clean sources of
energy would create lucrative growth prospects for the Solar Outdoor LED
Lighting market across Asia-Pacific region.
Major market player included in this report are:
Carmanah
Hubbell
Leadsun
Solar Lighting International, Inc.
Solar Electric Power Company (SEPCO)
OSRAM Licht AG
Signify Holding
Hollandia Power
Shenzhen Spark
EXIDE Industries
The objective of the study is to define market sizes of
different segments & countries in recent years and to forecast the values
to the coming eight years. The report is designed to incorporate both
qualitative and quantitative aspects of the industry within each of the regions
and countries involved in the study. Furthermore, the report also caters the
detailed information about the crucial aspects such as driving factors &
challenges which will define the future growth of the market. Additionally, the
report shall also incorporate available opportunities in micro markets for
stakeholders to invest along with the detailed analysis of competitive
landscape and product offerings of key players. The detailed segments and
sub-segment of the market are explained below:
By Type:
Street Lights
Flood Lights
Garden Lights
Spotlights
Area Lights
by Application:
Residential
Commercial
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Solar Outdoor LED Lighting
Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5633357-global-solar-outdoor-led-lighting-market-size-study
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