The Latin America, Middle East and Africa Outdoor Solar LED Market would witness market growth of 25.6% CAGR during the forecast period (2022-2028).
The photovoltaic technology, which permits the solar cell to transform sunlight into useful electrical energy, is used in solar LED street lighting. When negatively-charged ions push solar energy into positively-charged regions in the cells, it is transformed. Solar energy is transferred into electrons through this process, resulting in direct current electricity. To transport the new direct current electricity generated by the solar cell, wires from the solar cell are linked to the battery. When night falls, the solar cell will turn off the conversion process because sunlight is no longer available. When there isn't enough sunlight to convert, photoreceptors assist in shutting down the solar cell.
The battery would start sending electricity to the LED bulb via cabling at this point. Solar LED street lights may be used in any environment, making them excellent for locations with limited power. A solar LED street light's portability and environmental responsibility makes it an attractive replacement for traditional street lights and a viable solution for locations without or restricted access to an electricity grid.
The United Arab Emirates (UAE) has one of the highest rates of solar exposure in the world, which means it has a lot of room for renewable energy development. The country has long depended on conventional energy sources despite having large indigenous oil and gas reserves. However, in order to prevent the dramatic commodities downturns linked with an oil-based economy, a push for economic diversification has resulted in new incentives and the introduction of cutting-edge renewable energy technologies. Furthermore, rapid industrialization, population growth, and increased demand from desalination facilities have resulted in higher energy demands and a need to diversify inputs.
As a result, the UAE has been at the forefront of the MENA region's renewable energy development. The following milestones reflect this: the establishment of the Abu Dhabi Future Energy Company, Masdar, and the region's first carbon-neutral zero waste city, Masdar City, in 2006; the planning to host the annual World Future Energy Summit in Abu Dhabi in 2008; the formation of the Emirates Nuclear Energy Corporation (ENEC) in 2009; the International Renewable Energy Agency (IRENA) naming Abu Dhabi as its headquarters in 2009 and relocating to Masdar City ca. 2010; the establishment of the Emirates Nuclear Energy Corporation.
The Brazil market dominated the LAMEA Outdoor Solar LED Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $380.1 million by 2028. The Argentina market is poised to grow at a CAGR of 26.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 25.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Outdoor Solar LED Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 1LAMEA Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 2LAMEA Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 3LAMEA Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 4LAMEA Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 5LAMEA Street Lights Market by Country, 2018 - 2021, USD Million
TABLE 6LAMEA Street Lights Market by Country, 2022 - 2028, USD Million
TABLE 7LAMEA Garden Lights Market by Country, 2018 - 2021, USD Million
TABLE 8LAMEA Garden Lights Market by Country, 2022 - 2028, USD Million
TABLE 9LAMEA Floodlights Market by Country, 2018 - 2021, USD Million
TABLE 10LAMEA Floodlights Market by Country, 2022 - 2028, USD Million
TABLE 11LAMEA Area Lights Market by Country, 2018 - 2021, USD Million
TABLE 12LAMEA Area Lights Market by Country, 2022 - 2028, USD Million
TABLE 13LAMEA Spot Lights Market by Country, 2018 - 2021, USD Million
TABLE 14LAMEA Spot Lights Market by Country, 2022 - 2028, USD Million
TABLE 15LAMEA Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 16LAMEA Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 17LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 20LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 21LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 22LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 23LAMEA Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 24LAMEA Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 25LAMEA 40W to 149W Market by Country, 2018 - 2021, USD Million
TABLE 26LAMEA 40W to 149W Market by Country, 2022 - 2028, USD Million
TABLE 27LAMEA Less than 39W Market by Country, 2018 - 2021, USD Million
TABLE 28LAMEA Less than 39W Market by Country, 2022 - 2028, USD Million
TABLE 29LAMEA More than 150W Market by Country, 2018 - 2021, USD Million
TABLE 30LAMEA More than 150W Market by Country, 2022 - 2028, USD Million
TABLE 31LAMEA Outdoor Solar LED Market by Country, 2018 - 2021, USD Million
TABLE 32LAMEA Outdoor Solar LED Market by Country, 2022 - 2028, USD Million
TABLE 33Brazil Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 34Brazil Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 35Brazil Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 36Brazil Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 37Brazil Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 38Brazil Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 39Brazil Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 40Brazil Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 41Argentina Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 42Argentina Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 43Argentina Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 44Argentina Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 45Argentina Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 46Argentina Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 47Argentina Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 48Argentina Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 49UAE Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 50UAE Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 51UAE Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 52UAE Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 53UAE Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 54UAE Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 55UAE Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 56UAE Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 57Saudi Arabia Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 58Saudi Arabia Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 59Saudi Arabia Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 60Saudi Arabia Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 61Saudi Arabia Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 62Saudi Arabia Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 63Saudi Arabia Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 64Saudi Arabia Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 65South Africa Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 66South Africa Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 67South Africa Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 68South Africa Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 69South Africa Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 70South Africa Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 71South Africa Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 72South Africa Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 73Nigeria Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 74Nigeria Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 75Nigeria Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 76Nigeria Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 77Nigeria Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 78Nigeria Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 79Nigeria Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 80Nigeria Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 81Rest of LAMEA Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 82Rest of LAMEA Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 83Rest of LAMEA Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 84Rest of LAMEA Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 85Rest of LAMEA Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 86Rest of LAMEA Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 87Rest of LAMEA Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 88Rest of LAMEA 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.