Product Code: GVR-4-68039-412-8
Outdoor Solar LED Market Growth & Trends:
The global outdoor solar LED market size is expected to reach USD 41.12 billion by 2030, registering a CAGR of 27.5% from 2025 to 2030, according to the new study conducted by Grand View Research, Inc. The use of solar PV cells in urban spaces for outdoor lighting applications has substantially increased over the last couple of years. The increased demand for these products can be attributed to their benefits on the fronts of energy efficiency, maintenance cost, and power cost over traditional lighting. As of 2020, the Europe market, closely following the Asia Pacific market in terms of market size, has witnessed a slight uptick in market demand with favorable regulations and incentive schemes supporting large-scale adoption.
Such government rebates and initiatives aimed at creating awareness about green, energy-saving products are anticipated to drive the adoption of solar LED products in commercial applications. For instance, Pacific Gas and Electric Company (PG&E), a U.S.-based combined electric energy company, provides zero percent interest loans to non-residential customers for energy-saving projects, including implementing solar LED lighting systems. Similarly, the U.K. government implemented the Enhanced Capital Allowance (ECA) initiative to promote the adoption of energy-efficient lighting solutions among businesses in exchange for tax benefits.
Solar LEDs are also making their way in the DIY/decorative lights category. Several residential owners are spending on solar LEDs as a part of small-scale residential landscape projects and events. Furthermore, to promote the adoption of renewable and energy-efficient products such as solar lightings and LEDs, several utilities, and local governing bodies are offering rebates and discount schemes for residential owners. Thus, the increasing awareness about energy conservation and collaborative efforts taken by governments are likely to drive the adoption of solar LEDs in the residential sector.
Outdoor Solar LED Market Report Highlights:
- In terms of application, the solar garden LED lights segment is expected to register the highest CAGR over the forecast period. The increasing spending on garden landscape designing in the residential and commercial spaces, to make the gardens aesthetically pleasing, is expected to drive the adoption of solar garden LEDs over the forecast period
- In terms of wattage, the 40W to 149W segment captured the largest revenue share in 2020. These products are gaining popularity due to their attributes such as higher lumen and brightness, which make them particularly suitable for landscaping and street lighting applications
- The commercial users segment dominated the global outdoor solar LED industry in 2024. The often large scale of commercial projects calls for a large number of lighting products, which is expected to favor the segment growth
- With an increase in infrastructure development projects in China, India, and Japan, the Asia Pacific market held a substantial market share exceeding 46.3% in 2020 Growing investments in renewable and energy-saving programs across several countries in the region are anticipated to favor the growth of the regional market over the forecast period
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Outdoor Solar LED Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenge
- 3.3. Outdoor Solar LED Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining Power Of The Suppliers
- 3.3.1.2. Bargaining Power Of The Buyers
- 3.3.1.3. Threats Of Substitution
- 3.3.1.4. Threats From New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTEL Analysis
Chapter 4. Outdoor Solar LED Market: Application Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Outdoor Solar LED Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Solar LED Street Lights
- 4.3.1. Solar LED Street Lights Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Solar Garden LED Lights
- 4.4.1. Solar Garden LED Lights Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Solar LED Floodlights
- 4.5.1. Solar LED Floodlights Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Solar LED Area Lights
- 4.6.1. Solar LED Arena Lights Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Solar LED Spot Lights
- 4.7.1. Solar LED Spot Lights Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Outdoor Solar LED Market: Wattage Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Outdoor Solar LED Market: Wattage Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Less than 39W
- 5.3.1. Less than 39W Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. 40W to 149W
- 5.4.1. More than 150W 40W to 149W Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. More than 150W
- 5.5.1. More than 150W Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Outdoor Solar LED Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Outdoor Solar LED Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Residential
- 6.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Commercial
- 6.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Outdoor Solar LED Market Region Estimates & Trend Analysis
- 7.1. Outdoor Solar LED Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Outdoor Solar LED Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Greenshine New Energy (Oceania International LLC)
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Application Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Polybrite - SBM NewTech Co., Ltd
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Application Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Signify Holding
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Application Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Wipro Lighting
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Application Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. LEADSUN
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Application Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Bridgelux, Inc
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Application Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. SEPCO Solar Electric Power Company
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Application Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. SOKOYO Solar Lighting Co., Ltd.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Application Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Brightown
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Application Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Sunna Design
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Application Benchmarking
- 8.4.10.4. Strategic Initiatives