Global Solar LED Lighting

Global Solar LED Lighting Market Research Report: Forecast (2021-2026)

By Application (Commercial, Residential, and Industrial), By Product Type (Stand-alone and On-Grid), By Component Type (Solar Panel, Battery, Pole, Lamp, and Other components), By Region (North Americ Read more

  • FMCG
  • Jul 2021
  • 188
  • CG22008

Market Overview

Solar LED Lighting is the light built through light sources powered by numerous components like solar panels mounted on the lighting structure or integrated into the pole itself. These solar panels are rechargeable and help in powering LED lights at night.

According to MarkNtel Advisors’ research report, “Global Solar LED Lighting Market Analysis, 2021,” the market is likely to grow at a CAGR of around 20% in the forecast period of 2021-26. It owes to the growing inclination of individuals from traditional lighting to advanced solar lighting primarily due to the sturdy increase of CO2 emissions & greenhouse gases in the environment. Numerous countries are focusing on shifting toward greener solutions & sustainable development. The countries taking initiatives are the US, Germany, China, UK, and India, and actively looking for various methods to reduce carbon dioxide emissions by installing solar LED lights and moving toward Smart electricity solutions.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 20%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy and Others
Asia-Pacific: China, India, Japan, South Korea, Australia, South East Asia
South America: Brazil, and Argentina
Middle East & Africa:  UAE, Saudi Arabia
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The outbreak of the Covid-19 pandemic has considerably disrupted the momentum of various industries across the world, and the Global Solar LED Lighting Market is no exception. The governments are actively looking for ways to tackle these challenges & determine the pace of deployment of solar energy in the coming years. Moreover, countries like China are one of the largest producers of solar energy generation and face a massive slowdown in economic growth. The imposition of lockdown and movement restrictions have affected the overall energy generation and renewable energy investment globally. However, with the gradual upliftment of lockdown & easing norms by governments and market players, the market is likely to recover from the losses in the forecast years. 

Global Solar LED Lighting Market Research Report: Forecast (2021-2026)

Market Segmentation

Solar Panel Accounted for the Largest Market Share

Based on the Component Type, the Global Solar LED Lighting Market segments into Solar panels, batteries, Pole, Lamp, and Other components. Here, the Solar Panel category dominated the global market with the largest share in the previous few years and is likely to continue its dominance in the forecast period, too. It owes to solar panels being one of the most crucial components of a solar lighting system. Moreover, these are relatively expensive than other components, generate the maximum share in the market, and provide electricity to charge the battery during the daytime, which illuminates the lamps in the absence or less presence of light. Hence, based on these aspects, Solar Panels are very likely to witness a substantial share in the forecast years.  

Residential Areas to Witness the Fastest Growth

Amongst the Application, the Global Solar LED Lighting Market segments into Commercial, Industrial and Residential areas. Of all, the Residential area is more likely to grow at the fastest pace in the forecast years. The residential sector consists of numerous portable plug-in fixtures, like table lamps & floor lamps, and permanently installed fixtures, live under recessed sconces & cabinet lights. Besides, the growing adoption of LED lamps due to reducing product prices & increasing subsidy programs by governments & market players is another crucial aspect likely to fuel the overall segment growth in the forecast years, states MarkNtel Advisors in their research report, “Global Solar LED Lighting Market Analysis, 2021.” 

Regional Landscape

North America Accounts for the Largest Market Share

The Global Solar LED Lighting Market is witnessing exponential expansion throughout the globe. However, of all regions, North America dominated the overall market in the previous few years with the largest share and is likely to continue its dominance in the forecast period. It owes to factors, such as numerous infrastructural activities and the establishment of residential units in the region. Besides, the governments and market players are actively investing in the regional market, increasing the demand for Solar LED Lights in North America. 

Market Driver

One of the major driving factors for the growth of the Global Solar LED Lighting Market is the rapidly increasing energy consumption across the globe. The growing energy demand is transforming the traditional lighting products due to their low energy efficiency, inclining manufacturers & consumers toward more energy-efficient products. Besides, the ongoing energy consumption trends suggest that countries will require alternate energy sources to fulfill the increasing energy demand.

Furthermore, the rising electricity consumption & CO2 emissions in cities due to rapid urbanization and the reducing costs of components used in solar LED lighting are other crucial aspects likely to drive the overall market in the forecast period. The governments of different countries are actively looking forward to initiatives to promote using Solar LED lighting worldwide. Hence, all these factors are likely to drive the Global Solar LED Lighting Market during the forecast period. 

Competitive Landscape

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.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Solar LED Lighting Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Solar LED Lighting Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Solar LED Lighting Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Solar LED Lighting Market study?

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on Global Solar LED Lighting Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Application
      • Commercial
      • Residential
      • Industrial
    • By Type
      • Stand-alone
      • On-Gri
    • By Product
      • Lamps
      • Luminaires
    • By Component Type
      • Solar Panel
      • Battery
      • Pole
      • Lamp
      • Other
    • By Region
      • North America Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • The US Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • Canada Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
      • South America Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • Brazil Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
      • Europe Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • The UK Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • Germany Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • France Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
      • Asia-Pacific Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • China Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • South Korea Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
        • Japan Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
      • The Middle East & Africa Solar LED Lighting Market Outlook, 2016-2026F (USD Million)
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Solar LED Lighting Market Hotspots & Opportunities
  • Global Solar LED Lighting Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. Global Solar LED Lighting Market is likely to grow at a CAGR of around 20% in the forecast period of 2021-26

A. Bisol, Greenshine New Energy, Solar Lighting International, Anuhi Longvolt Energy Co., LtdSolar Electric Power Company (SEPC), Solux, Orion Solar, Leadsun, Bridgelux, Inc, SOKOYO Solar Group, Urja Global, Solektra International are a few of the leading players in the Global Solar LED Lighting Market.

A. Solar Panel is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. North America continues to grow at the highest CAGR in the forecast period of 2021-26, presenting immense opportunities for market players of the Global Solar LED Lighting Market.

A. Rapid urbanization resulting in the increasing consumption of electricity & CO2 emissions in the cities and reducing costs of components used in solar LED lighting are the prime factors likely to drive the Global Solar LED Lighting Market in the forecast period. Moreover, the governments of different countries are actively looking forward to initiatives to promote using Solar LED lighting worldwide.

A. The largest producers of solar energy generation faced a massive slowdown in economic growth. The imposition of lockdown and movement restrictions have affected the overall energy generation and renewable energy investment globally. However, with the gradual upliftment of lockdown & ease of norms by governments & market players, the market is likely to recover from the losses in the forecast years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Glossary
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- Interview Excerpts of 10 industry experts
  4. Global Solar LED Lighting Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Application
        1. Residential
        2. Commercial
        3. Industrial
      2. By Product Type
        1. Stand-Alone
        2. On-Grid
      3. By Component Type
        1. Solar Panel
        2. Battery
        3. Pole
        4. Lamp
        5. Other Component
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia-Pacific
        5. Middle East & Africa
      5. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  5. North America Solar LED Lighting Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Product Type
      3. By Component Type
      4. By Country
        1. US
        2. Canada
        3. Mexico
    3. US Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    4. Canada Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    5. Mexico Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
  6. South America Solar LED Lighting Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Product Type
      3. By Component Type
      4. By Country
        1. Brazil
        2. Argentina
        3. Others
    3. Brazil Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    4. Argentina Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
  7. Europe Solar LED Lighting Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Product Type
      3. By Component Type
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Others
    3. UK Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    4. Germany Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    5. France Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    6. Italy Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    7. Spain Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
  8. Asia-Pacific Solar LED Lighting Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Product Type
      3. By Component Type
      4. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. South-East Asia
        7. Others
    3. China Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    4. India Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    5. Japan Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    6. Australia Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    7. South Korea Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    8. South-East Asia Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
  9. Middle East and Africa Solar LED Lighting Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Units Sold
      2. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Product Type
      3. By Component Type
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. Others
    3. UAE Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
    4. Saudi Arabia Solar LED Lighting Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Units Sold
        2. By Revenue
  10. Global Solar LED Lighting Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  11. Global Solar LED Lighting Regulations, Product Standards
  12. Global Solar LED Lighting Value Chain Analysis
  13. Global Solar LED Lighting Hotspots & Opportunities
  14. Competition Outlook
    1. Competitor Wise Growth Strategies
      1. Product Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Research & Development
      5. Strategic Alliances & Initiatives
    2. Company Profiles
      1. Bisol
      2. Greenshine New Energy
      3. Solar Lighting International
      4. Anuhi Longvolt Energy Co., Ltd.
      5. Solar Electric Power Company (SEPC)
      6. Solux
      7. Orion Solar
      8. Leadsun
      9. Bridgelux, Inc
      10. SOKOYO Solar Group
      11. Urja Global
      12. Solektra International
  15.  Disclaimer
Global Solar LED Lighting Market Segmentation