The Europe Outdoor Solar LED Market would witness market growth of 22.7% CAGR during the forecast period (2022-2028).
Solar power is the most common source of renewable energy, therefore solar lighting is an excellent option to become green. It does not need any grid power and is entirely self-sustaining. The LED lighting is powered by a solar-powered battery that charges during the day and then draws electricity from the power source at night to illuminate the required region. This is a daily process that occurs without the use of any additional form of energy.
The ability of solar power to cut energy expenses to zero is its most compelling feature. Commercial solar energy installations are also eligible for large financial incentives to switch to solar energy. Solar lighting is an excellent choice if care about the environment and want to lower carbon impact. It performs just as well as traditional power while saving money on energy bills and offering a steady stream of LED lighting. There is a wide choice of solar lights to fulfill needs, whether have a large backyard or a vast region that needs illumination.
Solar PV is one of eight main renewable technologies that can contribute to a clean and balanced energy mix in the UK. It has several advantages: it is flexible and highly scalable, with deployment possible in a variety of locations including residential and commercial buildings, as well as on the ground where appropriate; solar installations can be developed and installed quickly; as well as the fuel solar radiation is free.
In recent years, the UK has experienced a considerable increase in solar PV deployment, as well as significant cost reductions, with installation costs projected to have decreased by roughly 50% between 2010 and 2012. The pace of sector growth and the capacity of solar PV's Levelized cost to become competitive with other low-carbon power sources would be determined by the ability to achieve additional reductions in installation costs.
The UK now has 2.4GW of installed capacity, which generated 1.4TWh from July 2012 to June 2013. The Government is committed to significantly increasing renewable energy deployment across the UK and acknowledges the potential role and contribution of solar PV in meeting the UK's target of 15% renewable energy from the final consumer by 2020, as well as in supporting the longer-term decarbonization of our economy.
The Germany market dominated the Europe Outdoor Solar LED Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,118.8 million by 2028. The UK market is experiencing a CAGR of 21.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 23.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Outdoor Solar LED Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 1Europe Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 2Europe Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 3Europe Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 4Europe Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 5Europe Street Lights Market by Country, 2018 - 2021, USD Million
TABLE 6Europe Street Lights Market by Country, 2022 - 2028, USD Million
TABLE 7Europe Garden Lights Market by Country, 2018 - 2021, USD Million
TABLE 8Europe Garden Lights Market by Country, 2022 - 2028, USD Million
TABLE 9Europe Floodlights Market by Country, 2018 - 2021, USD Million
TABLE 10Europe Floodlights Market by Country, 2022 - 2028, USD Million
TABLE 11Europe Area Lights Market by Country, 2018 - 2021, USD Million
TABLE 12Europe Area Lights Market by Country, 2022 - 2028, USD Million
TABLE 13Europe Spot Lights Market by Country, 2018 - 2021, USD Million
TABLE 14Europe Spot Lights Market by Country, 2022 - 2028, USD Million
TABLE 15Europe Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 16Europe Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 17Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19Europe Residential Market by Country, 2018 - 2021, USD Million
TABLE 20Europe Residential Market by Country, 2022 - 2028, USD Million
TABLE 21Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 22Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 23Europe Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 24Europe Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 25Europe 40W to 149W Market by Country, 2018 - 2021, USD Million
TABLE 26Europe 40W to 149W Market by Country, 2022 - 2028, USD Million
TABLE 27Europe Less than 39W Market by Country, 2018 - 2021, USD Million
TABLE 28Europe Less than 39W Market by Country, 2022 - 2028, USD Million
TABLE 29Europe More than 150W Market by Country, 2018 - 2021, USD Million
TABLE 30Europe More than 150W Market by Country, 2022 - 2028, USD Million
TABLE 31Europe Outdoor Solar LED Market by Country, 2018 - 2021, USD Million
TABLE 32Europe Outdoor Solar LED Market by Country, 2022 - 2028, USD Million
TABLE 33Germany Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 34Germany Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 35Germany Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 36Germany Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 37Germany Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 38Germany Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 39Germany Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 40Germany Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 41UK Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 42UK Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 43UK Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 44UK Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 45UK Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 46UK Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 47UK Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 48UK Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 49France Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 50France Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 51France Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 52France Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 53France Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 54France Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 55France Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 56France Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 57Russia Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 58Russia Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 59Russia Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 60Russia Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 61Russia Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 62Russia Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 63Russia Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 64Russia Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 65Spain Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 66Spain Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 67Spain Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 68Spain Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 69Spain Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 70Spain Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 71Spain Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 72Spain Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 73Italy Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 74Italy Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 75Italy Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 76Italy Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 77Italy Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 78Italy Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 79Italy Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 80Italy Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 81Rest of Europe Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 82Rest of Europe Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 83Rest of Europe Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 84Rest of Europe Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 85Rest of Europe Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 86Rest of Europe Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 87Rest of Europe Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 88Rest of Europe 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.