The Asia Pacific Outdoor Solar LED Market would witness market growth of 24.0% CAGR during the forecast period (2022-2028).
An outdoor solar led street light is a type of light that is powered by the sun and is used to illuminate parking lots and streets. It is powered by a battery and photovoltaic panel that is recharged throughout the day and used for nighttime lights. Other features of the solar led street light include motion detectors and remote controls, which come in useful when lighting up hard-to-reach regions.
Solar-powered lights provide a variety of characteristics to outdoor gardening, allowing consumers to be more creative with garden design. Individuals still manage and operate solar outdoor lights appropriately and get the most out of them. If properly cared for, outdoor solar landscape lights can survive for so many years of continuous operation. Solar panels and one or even more battery packs are used to power solar garden lights. Solar panels produce power from sunlight and charge the batteries throughout the day due to the PV effect. The energy saved in the batteries powers an LED light when it gets dark.
The presence of important market players, as well as favorable government policies in China that provide rebates and financial incentives for PV projects, are all contributing to the rising interest of new market players throughout the area. Aside from being the world's largest panel manufacturing hub, China is home to several solar farms, including the world's largest floating farm, capable of generating 40 MW of power. Furthermore, the country is a major exporter of solar PV panels internationally.
A study by the China Photovoltaic Industry Association found that China surpassed in 2015 with 43 GW of solar capacity. As the largest solar PV producer, India is the industry's driving force. In 2019, India installed 30 GW of solar power. With solar now accounting for 38% of renewable energy, the regional market is expanding at a rapid pace, reaching 30% of its 100 GW targets by 2022.
The China market dominated the Asia Pacific Outdoor Solar LED Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,253.7 million by 2028. The Japan market is estimated to grow at a CAGR of 23.1% during (2022 - 2028). Additionally, The India market would witness a CAGR of 24.7% during (2022 - 2028).
Based on Application, the market is segmented into Street Lights, Garden Lights, Floodlights, Area Lights, and Spot Lights. Based on End Use, the market is segmented into Commercial, Residential, and Industrial. Based on Wattage, the market is segmented into 40W to 149W, Less than 39W, and More than 150W. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Outdoor Solar LED Market is Projected to reach USD 19.8 Billion by 2028, at a CAGR of 23.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Greenshine New Energy LLC, Jiawei Renewable Energy Co. Ltd., Leadsun, SBM NewTech Co., Ltd., Solar Electric Power Company, Signify N.V., Jiangsu Sokoyo Solar Lighting Co., Ltd., Solar Street Lights USA, and Sunna Design SA.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Street Lights
- Garden Lights
- Floodlights
- Area Lights
- Spot Lights
By End Use
- Commercial
- Residential
- Industrial
By Wattage
- 40W to 149W
- Less than 39W
- More than 150W
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Greenshine New Energy LLC
- Jiawei Renewable Energy Co. Ltd.
- Leadsun
- SBM NewTech Co., Ltd
- Solar Electric Power Company
- Signify N.V.
- Jiangsu Sokoyo Solar Lighting Co., Ltd
- Solar Street Lights USA
- Sunna Design SA
TABLE 1Asia Pacific Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 2Asia Pacific Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 3Asia Pacific Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 4Asia Pacific Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 5Asia Pacific Street Lights Market by Country, 2018 - 2021, USD Million
TABLE 6Asia Pacific Street Lights Market by Country, 2022 - 2028, USD Million
TABLE 7Asia Pacific Garden Lights Market by Country, 2018 - 2021, USD Million
TABLE 8Asia Pacific Garden Lights Market by Country, 2022 - 2028, USD Million
TABLE 9Asia Pacific Floodlights Market by Country, 2018 - 2021, USD Million
TABLE 10Asia Pacific Floodlights Market by Country, 2022 - 2028, USD Million
TABLE 11Asia Pacific Area Lights Market by Country, 2018 - 2021, USD Million
TABLE 12Asia Pacific Area Lights Market by Country, 2022 - 2028, USD Million
TABLE 13Asia Pacific Spot Lights Market by Country, 2018 - 2021, USD Million
TABLE 14Asia Pacific Spot Lights Market by Country, 2022 - 2028, USD Million
TABLE 15Asia Pacific Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 16Asia Pacific Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 17Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 20Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 21Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 22Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 23Asia Pacific Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 24Asia Pacific Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 25Asia Pacific 40W to 149W Market by Country, 2018 - 2021, USD Million
TABLE 26Asia Pacific 40W to 149W Market by Country, 2022 - 2028, USD Million
TABLE 27Asia Pacific Less than 39W Market by Country, 2018 - 2021, USD Million
TABLE 28Asia Pacific Less than 39W Market by Country, 2022 - 2028, USD Million
TABLE 29Asia Pacific More than 150W Market by Country, 2018 - 2021, USD Million
TABLE 30Asia Pacific More than 150W Market by Country, 2022 - 2028, USD Million
TABLE 31Asia Pacific Outdoor Solar LED Market by Country, 2018 - 2021, USD Million
TABLE 32Asia Pacific Outdoor Solar LED Market by Country, 2022 - 2028, USD Million
TABLE 33China Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 34China Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 35China Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 36China Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 37China Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 38China Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 39China Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 40China Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 41Japan Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 42Japan Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 43Japan Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 44Japan Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 45Japan Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 46Japan Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 47Japan Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 48Japan Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 49India Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 50India Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 51India Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 52India Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 53India Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 54India Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 55India Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 56India Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 57South Korea Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 58South Korea Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 59South Korea Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 60South Korea Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 61South Korea Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 62South Korea Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 63South Korea Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 64South Korea Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 65Singapore Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 66Singapore Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 67Singapore Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 68Singapore Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 69Singapore Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 70Singapore Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 71Singapore Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 72Singapore Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 73Malaysia Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 74Malaysia Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 75Malaysia Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 76Malaysia Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 77Malaysia Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 78Malaysia Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 79Malaysia Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 80Malaysia Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 81Rest of Asia Pacific Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 82Rest of Asia Pacific Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 83Rest of Asia Pacific Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 84Rest of Asia Pacific Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 85Rest of Asia Pacific Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 86Rest of Asia Pacific Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 87Rest of Asia Pacific Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 88Rest of Asia Pacific Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 89Key Information – Signify N.V.
TABLE 90Key Information – Sunna Design SA
TABLE 91Key Information – Solar Street Lights USA
TABLE 92Key Information – Jiangsu Sokoyo Solar Lighting Co., Ltd
TABLE 93Key Information – Solar Electric Power Company
TABLE 94Key Information – leadsun
TABLE 95Key Information – Jiawei Renewable Energy Co. Ltd.
TABLE 96Key Information – Greenshine New Energy LLC
TABLE 97Key Information – SBM NewTech Co., Ltd
List of Figures
FIG 1Methodology for the research
FIG 2Recent strategies and developments: Signify N.V.