Global Solar Outdoor LED Lighting Market (2019-2027): Retrofit Installations Anticipated to Flourish at a CAGR of 12.8% Over the Forecast Period
DUBLIN, May 8, 2019 /PRNewswire/ -- The "Solar Outdoor LED Lighting Market" report has been added to ResearchAndMarkets.com's offering.
The global Solar Outdoor LED Lighting Market reached USD 3,128.34 Million in 2018. Moreover, the market is expected to garner USD 9,299.06 Million by the end of 2027 by registering a CAGR of 12.9% across the globe.
The global demand for Solar Outdoor LED Lighting is increasing due to significant growth in residential and commercial sector across the globe. Further, growing demand for sustainable energy generation and fossil fuel replacement are key growth drivers for global solar outdoor LED lighting market over the forecast period.
North America is slated to account for a share of 27.8% by 2027 in the Solar Outdoor LED Lighting market. The growth in the region can be attributed to growing expenditure on initiatives to reduce carbon foot printing. Significant reduction in energy costs is also expected to impel the growth of Solar Outdoor LED Lighting market in the North America. U.S. is the prominent market driving the growth in the region. Additionally, U.S. Solar Outdoor LED Lighting market reached USD 781.11 Million in 2018 and is expected to reach USD Million by the end of 2027, expanding at a CAGR of 12.6% over the forecast period i.e. 2019-2027. U.S. Solar Outdoor LED Lighting market is expected to achieve Y-o-Y growth rate of 12.9% in 2027 as compared to previous year.
The global Solar Outdoor LED Lighting market is segmented on the basis of installation type into retrofit & new installations. Among these segments, New Installations segment (26.3% share in 2018) occupying the largest market of Solar Outdoor LED Lighting across the globe. Further, retrofit segment is anticipated to reach USD 6,822.4 Million by the end of 2027 from USD 2,305.9 Million in 2018. Moreover, this segment is anticipated to flourish at a CAGR of 12.8% over the forecast period. In addition retrofit segment of solar outdoor LED lightings is expected to achieve Y-o-Y growth rate of 13.1% in 2027 as compared to previous year.
The global Solar Outdoor LED Lighting market is segmented on the basis of product into Solar LED Street Lights, Solar LED Flood Lights, Solar LED Garden Lights, Solar LED Spotlights, Solar LED Area Lights and Others. Among these segments, Solar LED Street Lights segment (56.6% share in 2018) occupied the largest market of Solar Outdoor LED Lighting on the basis of product across the globe. Further, global Solar LED Flood Lights segment is anticipated to reach USD 2,384.4 Million by the end of 2027 from USD 797.2 Million in 2018. Moreover, this segment is anticipated to flourish at a CAGR of 13.0% over the forecast period. In addition Solar LED Street Lights segment of Solar Outdoor LED Lighting under product is expected to achieve Y-o-Y growth rate of 13.3% in 2027 as compared to previous year.
Some of the leading manufacturers in this market are Signify Holdings, Osram Licht AG, Hubbell and Carmanah, among others.
Key Topics Covered
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Assumptions and Acronyms
3. Research Methodology
3.1. Variables (Dependent and Independent)
3.2. Multi Factor Based Sensitivity Model
4. Executive Summary-Global Solar Outdoor LED Lighting Market
5. Average Pricing Analysis
6. Demand and Prevalence of CVD Coated Glass Compared to the Conventional Ones (For Manufacturing of Solar LED Garden Lights)
7. Correlation and Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Policy and Regulatory Landscape
9. Industry Analysis
9.1. Porter's Five Forces Model
10. Market Dynamics
10.1. Drivers
10.2. Restraints
10.3. Trends
10.4. Opportunities
11. Solar Outdoor LED Lighting-Risk Analysis
11.1. Demand Risk Analysis
11.2. Supply Risk Analysis
12. Global Solar Outdoor LED Lighting Market Outlook
12.1. Market Size and Forecast, 2018-2027F
12.1.1. By Value (USD Million)
12.1.2. By Volume (Million Units)
12.2. Solar Outdoor LED Lighting Market Segmentation, 2018-2027F
12.2.1. By Region
12.2.2. By End Use
12.2.3. By Installation Type
12.2.4. By Product
12.2.5. By Mode
12.2.6. By Wattage
13. North America Solar Outdoor LED Lighting Market Outlook
13.1. Macro-Economic Indicators impacting the North America Solar Outdoor LED Lighting Market
13.2. Market Size and Forecast, 2018-2027F
13.3. Market Share and Forecast, 2018-2027
14. Europe Solar Outdoor LED Lighting Market Outlook
14.1. Macro-Economic Indicators impacting the Europe Solar Outdoor LED Lighting Market
14.2. Market Size and Forecast, 2018-2027F
14.3. Market Share and Forecast, 2018-2027
Companies Mentioned
- Solar Electric Power Company
- Solar Lighting International Inc.
- Signify Holding
- Hollandia Power
- Hubbell
- Carmanah
- Shenzhen Spark
- EXIDE Industries
- Leadsun
- Osram Licht AG
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