The North America Outdoor Solar LED Market would witness market growth of 23.2% CAGR during the forecast period (2022-2028).
Solar adoption would considerably cut sulfur dioxide, nitrous oxides, and health-harmful pollutants, decreasing pollution and landscape degradation caused by drilling and fracking, as per research conducted by the National Renewable Energy Laboratory (NREL). The quantity of CO2 emitted by all of the street lights in the United States is equal to the annual emissions of 26 million cars. Pollution has an impact on humans in more ways than people think, yet solar energy is far healthier for the environment and public health.
One of the most appealing features of outdoor solar led lights is their low cost. Most solar-led garden lamps are DIY, so there are no costly installation expenses, and they provide adequate general lighting. Many solar-powered lights now have a Passive Infrared Sensor, which is an electrical sensor that detects and measures infrared light. The sensor detects variations in light and, at dusk, detects the lowering of the light, turning on the light; in morning, when the surrounding level of light increases, it turns off the light, saving the battery life.
Solar energy is now more affordable, accessible, and prevalent in the United States than it's ever been. In the United States, solar power capacity has increased from 0.34 GW in 2008 to almost 97.2 GW presently. This quantity of energy is sufficient to power 18 million average American homes. Solar energy, in the form of solar photovoltaics (PV) and concentrated solar-thermal power, now accounts for more than 3% of all electricity generated in the US (CSP).
Since 2014, the average cost of solar PV panels has dropped by almost 70%. Solar energy markets are rapidly expanding across the country, owing to the fact that in most jurisdictions, solar energy is already cost-competitive with conventional energy sources. In terms of cumulative and annual PV installations, the United States was the second-largest market in 2019. Furthermore, the country's total installed PV capability was 74.84 GW in 2019, with the utility industry accounting for 61.05 percent.
Polluting coal-fired power plants provide more than half of the electricity in the United States. The single largest primary source of high-temperature gas is power plants. Fortunately, alternative energy sources such as solar, breeze, geothermal, and hydro are gaining popularity among people. The easy adoption and installation of the outdoor solar led lights in this region, propel the growth of the market.
The US market dominated the North America Outdoor Solar LED Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,849.2 million by 2028. The Canada market is anticipated to grow at a CAGR of 26% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 24.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Outdoor Solar LED Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1.Market Scope & Methodology
1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
1.4.1North America Outdoor Solar LED Market, by Application
1.4.2North America Outdoor Solar LED Market, by End Use
1.4.3North America Outdoor Solar LED Market, by Wattage
1.4.4North America Outdoor Solar LED Market, by Country
1.5Methodology for the research
Chapter 2.Market Overview
2.1Introduction
2.1.1Overview
2.1.1.1Market composition and scenarios
2.2Key Factors Impacting the Market
2.2.1Market Drivers
2.2.2Market Restraints
Chapter 3.North America Outdoor Solar LED Market by Application
3.1North America Street Lights Market by Country
3.2North America Garden Lights Market by Country
3.3North America Floodlights Market by Country
3.4North America Area Lights Market by Country
3.5North America Spot Lights Market by Country
Chapter 4.North America Outdoor Solar LED Market by End-use
4.1North America Commercial Market by Country
4.2North America Residential Market by Country
4.3North America Industrial Market by Country
Chapter 5.North America Outdoor Solar LED Market by Wattage
5.1North America 40W to 149W Market by Country
5.2North America Less than 39W Market by Country
5.3North America More than 150W Market by Country
Chapter 6.North America Outdoor Solar LED Market by Country
6.1US Outdoor Solar LED Market
6.1.1US Outdoor Solar LED Market by Application
6.1.2US Outdoor Solar LED Market by End-use
6.1.3US Outdoor Solar LED Market by Wattage
6.2Canada Outdoor Solar LED Market
6.2.1Canada Outdoor Solar LED Market by Application
6.2.2Canada Outdoor Solar LED Market by End-use
6.2.3Canada Outdoor Solar LED Market by Wattage
6.3Mexico Outdoor Solar LED Market
6.3.1Mexico Outdoor Solar LED Market by Application
6.3.2Mexico Outdoor Solar LED Market by End-use
6.3.3Mexico Outdoor Solar LED Market by Wattage
6.4Rest of North America Outdoor Solar LED Market
6.4.1Rest of North America Outdoor Solar LED Market by Application
6.4.2Rest of North America Outdoor Solar LED Market by End-use
6.4.3Rest of North America Outdoor Solar LED Market by Wattage
Chapter 7.Company Profiles
7.1Signify N.V.
7.1.1Company Overview
7.1.2Financial Analysis
7.1.3Segmental and Regional Analysis
7.1.4Research & Development Expense
7.1.5Recent strategies and developments:
7.1.5.1Product Launches and Product Expansions:
7.1.5.2Acquisition and Mergers:
7.2Sunna Design SA
7.2.1Company Overview
7.2.2Recent strategies and developments:
7.2.2.1Acquisition and Mergers:
7.3Solar Street Lights USA
7.3.1Company Overview
7.4Jiangsu Sokoyo Solar Lighting Co., Ltd
7.4.1Company Overview
7.5Solar Electric Power Company
7.5.1Company Overview
7.6Leadsun
7.6.1Company Overview
7.7Jiawei Renewable Energy Co. Ltd.
7.7.1Company Overview
7.8Greenshine New Energy LLC
7.8.1Company Overview
7.9SBM NewTech Co., Ltd
7.9.1Company Overview
TABLE 1North America Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 2North America Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 3North America Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 4North America Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 5North America Street Lights Market by Country, 2018 - 2021, USD Million
TABLE 6North America Street Lights Market by Country, 2022 - 2028, USD Million
TABLE 7North America Garden Lights Market by Country, 2018 - 2021, USD Million
TABLE 8North America Garden Lights Market by Country, 2022 - 2028, USD Million
TABLE 9North America Floodlights Market by Country, 2018 - 2021, USD Million
TABLE 10North America Floodlights Market by Country, 2022 - 2028, USD Million
TABLE 11North America Area Lights Market by Country, 2018 - 2021, USD Million
TABLE 12North America Area Lights Market by Country, 2022 - 2028, USD Million
TABLE 13North America Spot Lights Market by Country, 2018 - 2021, USD Million
TABLE 14North America Spot Lights Market by Country, 2022 - 2028, USD Million
TABLE 15North America Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 16North America Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 17North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 20North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 21North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 22North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 23North America Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 24North America Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 25North America 40W to 149W Market by Country, 2018 - 2021, USD Million
TABLE 26North America 40W to 149W Market by Country, 2022 - 2028, USD Million
TABLE 27North America Less than 39W Market by Country, 2018 - 2021, USD Million
TABLE 28North America Less than 39W Market by Country, 2022 - 2028, USD Million
TABLE 29North America More than 150W Market by Country, 2018 - 2021, USD Million
TABLE 30North America More than 150W Market by Country, 2022 - 2028, USD Million
TABLE 31North America Outdoor Solar LED Market by Country, 2018 - 2021, USD Million
TABLE 32North America Outdoor Solar LED Market by Country, 2022 - 2028, USD Million
TABLE 33US Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 34US Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 35US Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 36US Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 37US Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 38US Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 39US Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 40US Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 41Canada Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 42Canada Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 43Canada Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 44Canada Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 45Canada Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 46Canada Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 47Canada Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 48Canada Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 49Mexico Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 50Mexico Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 51Mexico Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 52Mexico Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 53Mexico Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 54Mexico Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 55Mexico Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 56Mexico Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 57Rest of North America Outdoor Solar LED Market, 2018 - 2021, USD Million
TABLE 58Rest of North America Outdoor Solar LED Market, 2022 - 2028, USD Million
TABLE 59Rest of North America Outdoor Solar LED Market by Application, 2018 - 2021, USD Million
TABLE 60Rest of North America Outdoor Solar LED Market by Application, 2022 - 2028, USD Million
TABLE 61Rest of North America Outdoor Solar LED Market by End-use, 2018 - 2021, USD Million
TABLE 62Rest of North America Outdoor Solar LED Market by End-use, 2022 - 2028, USD Million
TABLE 63Rest of North America Outdoor Solar LED Market by Wattage, 2018 - 2021, USD Million
TABLE 64Rest of North America Outdoor Solar LED Market by Wattage, 2022 - 2028, USD Million
TABLE 65Key Information – Signify N.V.
TABLE 66Key Information – Sunna Design SA
TABLE 67Key Information – Solar Street Lights USA
TABLE 68Key Information – Jiangsu Sokoyo Solar Lighting Co., Ltd
TABLE 69Key Information – Solar Electric Power Company
TABLE 70Key Information – leadsun
TABLE 71Key Information – Jiawei Renewable Energy Co. Ltd.
TABLE 72Key Information – Greenshine New Energy LLC
TABLE 73Key Information – SBM NewTech Co., Ltd
List of Figures
FIG 1Methodology for the research
FIG 2Recent strategies and developments: Signify N.V.