Outdoor Solar Lights Market Introduction and Overview
According to SPER Market Research, the Global Outdoor Solar Lights Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Global Outdoor Solar Lights Market, including market size and trends, product mix, distribution channels, and supplier analysis. Solar energy is a cost-free source of power. Solar lights are portable lighting fixtures that run on rechargeable batteries, LED bulbs, and photovoltaic solar panels. Solar panels simply take in the sun's energy and transform it into light by using electric current that is stored in solar batteries. One of the most sustainable and environmentally friendly options for outdoor lighting is solar lighting. LED bulbs, photovoltaic solar panels, poles, light sensors, and rechargeable batteries are the main components of solar lights, which are portable lighting fixtures. Solar energy is captured by a solar panel during the day and used to charge a battery that powers a solar light fixture at night.
- Increasing Adoption of Renewable Energy: The use of solar energy has expanded as a result of the increased focus on sustainable and clean energy sources. Outdoor solar lights are an appealing alternative for ecologically aware customers and governments since they use solar energy to create power. The demand for outdoor solar lighting has greatly increased as a result of the global move towards renewable energy sources.
- Declining Solar Panel Costs: Solar power is becoming more accessible and inexpensive because to constantly falling solar panel prices over time. Due to the decrease in cost, outdoor solar lights are now more commercially and economically feasible, which has boosted their use in residential, commercial, and industrial settings.
Market Opportunities and Challenges
- Opportunities for Outdoor Solar Lights Market
- Growing Demand for Off-Grid Lighting: Outdoor solar lights provide a dependable lighting option in isolated and off-grid locations with limited access to energy. In areas where outdoor solar lights may enhance safety, security, and quality of life, such as rural towns and developing nations, there is a great opportunity to offer lighting infrastructure.
- Urbanization and Smart City Initiatives: The market for outdoor solar lighting has prospects due to the growing trend of urbanisation and the introduction of smart city initiatives. Energy-efficient lighting systems are frequently installed as part of these initiatives for parks, roadways, and public areas. The lighting needs of smart cities may be met while encouraging sustainability by using outside solar lights.
- Challenges for Outdoor Solar Lights Market
- High Initial Costs: Outdoor solar lights have low long-term operating expenses, although their initial cost may be more than that of conventional lighting systems. Particularly in price-sensitive regions, this pricing barrier may prevent certain customers and organisations from using solar lighting systems.
Market Competitive Landscape
The global market for Outdoor Solar Panel is moderately concentrated, with key players such as Clear Blue Technologies Inc., Eaton Corporation, Engcotec GmbH, Fonroche Lighting America, Inc., Greenshine New Energy, Halonix Technologies Pvt. Ltd., Jinhua Sunmaster Lighting Co. Ltd, Koninklijke Philips N.V., Nokero, SEPCO, Signify Holding, SOKOYO Solar Lighting Co., Ltd., Solar Street Lights USA, SolarOne Solutions, Inc., SunMaster Solar Lighting, Sunna Design SA, Tapetum India Solar holding significant market shares. These companies are placing a strong emphasis on the production of outdoor solar lights that provides green energy and gives advantage financially to the end user.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Panel Type, By Solar Power System, By Application, By Light Source, By Offering
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Clear Blue Technologies Inc., Eaton Corporation, Engcotec GmbH, Fonroche Lighting America, Inc., Greenshine New Energy, Halonix Technologies Pvt. Ltd., Jinhua Sunmaster Lighting Co. Ltd, Koninklijke Philips N.V., Nokero, SEPCO, Signify Holding, SOKOYO Solar Lighting Co., Ltd., Solar Street Lights USA, SolarOne Solutions, Inc., SunMaster Solar Lighting, Sunna Design SA, Tapetum India Solar
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COVID-19 Impact on Global Outdoor Solar Lights Market
The supply chain and production processes were first disrupted, causing momentary slowdowns, but the market has shown resilient and adaptable. The epidemic has also increased demand for environmentally friendly and cost-effective lighting options, including as outdoor solar lights. A greater emphasis has been placed on improving outdoor lighting for safety, security, and recreational purposes as people spend more time at home and value outside spaces. The epidemic has also brought attention to the value of resilient and off-grid lighting systems, particularly in places with unpredictable energy infrastructure.
Key Target Audience
- Commercial Property Owners
- Environmental Enthusiasts
- Homeowners
- Landscapers and Gardeners
- Off-Grid and Remote Area Users
- Residential Consumers
Our in-depth analysis of the Outdoor Solar Lights Market includes the following segments:
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By Type:
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Solar Deck Light
Solar Driveways Lights
Solar Fence Lights
Solar Flood Lights
Solar Garden Lights
Solar Lanterns
Solar Lawn Lights
Others
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By Panel Type:
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Amorphous
Monocrystalline
Polycrystalline
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By Solar Power Systems:
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Hybrid
Off-Grid
On-Grid
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By Application:
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Commercial and Industrial
Highways and Roadways
Others
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By Light Source:
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LEDs
Others
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Key Topics Covered in the Report
- Global Outdoor Solar Lights Market Size (FY’2023-FY’2033)
- Overview of Global Outdoor Solar Lights Market
- Segmentation of Global Outdoor Solar Lights Market By Type (Outdoor Solar Lights)
- Segmentation of Global Outdoor Solar Lights Market By Panel Type (Amorphous, Monocrystalline, Polycrystalline)
- Segmentation of Global Outdoor Solar Lights Market By Solar Power systems (Hybrid, Off-Grid, On-Grid)
- Segmentation of Global Outdoor Solar Lights Market By Application (Commercial and Industrial, Highways and Roadways, Others)
- Segmentation of Global Outdoor Solar Lights Market By Light Source (LEDs, Others)
- Segmentation of Global Outdoor Solar Lights Market By Offering (Hardware, Software and Services)
- Statistical Snap of Global Outdoor Solar Lights Market
- Expansion Analysis of Global Outdoor Solar Lights Market
- Problems and Obstacles in Global Outdoor Solar Lights Market
- Competitive Landscape in the Global Outdoor Solar Lights Market
- Impact of COVID-19 and Demonetization on Global Outdoor Solar Lights Market
- Details on Current Investment in Global Outdoor Solar Lights Market
- Competitive Analysis of Global Outdoor Solar Lights Market
- Prominent Players in the Global Outdoor Solar Lights Market
- SWOT Analysis of Global Outdoor Solar Lights Market
- Global Outdoor Solar Lights Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Outdoor Solar Lights Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Outdoor Solar Lights Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Outdoor Solar Lights Market
7. Global Outdoor Solar Lights Market, By Type (USD Million)
7.1. Global Outdoor Solar Lights Market Value Share and Forecast, By Type, 2023-2033
7.2. Outdoor Solar Lights
7.2.1. Solar Deck Light
7.2.2. Solar Driveways Lights
7.2.3. Solar Fence Lights
7.2.4. Solar Flood Lights
7.2.5. Solar Garden Lights
7.2.6. Solar Lanterns
7.2.7. Solar Lawn Lights
7.2.8. Solar Parking Lot Lights
7.2.9. Solar Porch Lights
7.2.10. Solar Post Lights
7.2.11. Solar Sign Lights
7.2.12. Solar Step Lights
7.2.13. Solar Street Lights
7.2.14. Solar Traffic Lights
7.2.15. Solar Walkways Lights
7.2.16. Solar Wall Lights
7.2.17. Others
8. Global Outdoor Solar Lights Market, By Panel Type (USD Million)
8.1. Global Outdoor Solar Lights Market Value Share and Forecast, By Panel Type, 2023-2033
8.2. Amorphous
8.3. Monocrystalline
8.4. Polycrystalline
9. Global Outdoor Solar Lights Market, By Solar Power Systems (USD Million)
9.1. Global Outdoor Solar Lights Market Value Share and Forecast, By Solar Power Systems, 2023-2033
9.2. Hybrid
9.3. Off-Grid
9.4. On-Grid
10. Global Outdoor Solar Lights Market, By Application (USD Million)
10.1. Global Outdoor Solar Lights Market Value Share and Forecast, By Application, 2023-2033
10.2. Commercial and Industrial
10.3. Highways and Roadways
10.4. Others
11. Global Outdoor Solar Lights Market, By Light Source (USD Million)
11.1. Global Outdoor Solar Lights Market Value Share and Forecast, By Light Source, 2023-2033
11.2. LEDs
11.3. Others
12. Global Outdoor Solar Lights Market, By Offering (USD Million)
12.1. Global Outdoor Solar Lights Market Value Share and Forecast, By Offering, 2023-2033
12.2. Hardware
12.3. Software and Services
13. Global Outdoor Solar Lights Market Forecast, 2019-2033 (USD Million)
13.1. Global Outdoor Solar Lights Market Size and Market Share
14. Global Outdoor Solar Lights Market, By Type, 2019-2033 (USD Million)
14.1. Global Outdoor Solar Lights Market Size and Market Share By Type (2019-2026)
14.2. Global Outdoor Solar Lights Market Size and Market Share By Type (2027-2033)
15. Global Outdoor Solar Lights Market, By Panel Type, 2019-2033 (USD Million)
15.1. Global Outdoor Solar Lights Market Size and Market Share By Panel Type (2019-2026)
15.2. Global Outdoor Solar Lights Market Size and Market Share By Panel Type (2027-2033)
16. Global Outdoor Solar Lights Market, By Solar Power Systems, 2019-2033 (USD Million)
16.1. Global Outdoor Solar Lights Market Size and Market Share By Solar Power Systems (2019-2026)
16.2. Global Outdoor Solar Lights Market Size and Market Share By Solar Power Systems (2027-2033)
17. Global Outdoor Solar Lights Market, By Application, 2019-2033 (USD Million)
17.1. Global Outdoor Solar Lights Market Size and Market Share By Application (2019-2026)
17.2. Global Outdoor Solar Lights Market Size and Market Share By Application (2027-2033)
18. Global Outdoor Solar Lights Market, By Light Source, 2019-2033 (USD Million)
18.1. Global Outdoor Solar Lights Market Size and Market Share By Light Source (2019-2026)
18.2. Global Outdoor Solar Lights Market Size and Market Share By Light Source (2027-2033)
19. Global Outdoor Solar Lights Market, By Offering, 2019-2033 (USD Million)
19.1. Global Outdoor Solar Lights Market Size and Market Share By Offering (2019-2026)
19.2. Global Outdoor Solar Lights Market Size and Market Share By Offering (2027-2033)
20. Global Outdoor Solar Lights Market, By Region, 2019-2033 (USD Million)
20.1. Global Outdoor Solar Lights Market Size and Market Share By Region (2019-2026)
20.2. Global Outdoor Solar Lights Market Size and Market Share By Region (2027-2033)
20.3. Asia-Pacific
20.3.1. Australia
20.3.2. China
20.3.3. India
20.3.4. Japan
20.3.5. South Korea
20.3.6. Rest of Asia-Pacific
20.4. Europe
20.4.1. France
20.4.2. Germany
20.4.3. Italy
20.4.4. Spain
20.4.5. United Kingdom
20.4.6. Rest of Europe
20.5. Middle East and Africa
20.5.1. Kingdom of Saudi Arabia
20.5.2. United Arab Emirates
20.5.3. Rest of Middle East & Africa
20.6. North America
20.6.1. Canada
20.6.2. Mexico
20.6.3. United States
20.7. Latin America
20.7.1. Argentina
20.7.2. Brazil
20.7.3. Rest of Latin America
21. Company Profile
21.1. Clear Blue Technologies Inc.
21.1.1. Company details
21.1.2. Financial outlook
21.1.3. Product summary
21.1.4. Recent developments
21.2. Eaton Corporation
21.2.1. Company details
21.2.2. Financial outlook
21.2.3. Product summary
21.2.4. Recent developments
21.3. Engcotec GmbH
21.3.1. Company details
21.3.2. Financial outlook
21.3.3. Product summary
21.3.4. Recent developments
21.4. Fonroche Lighting America, Inc.
21.4.1. Company details
21.4.2. Financial outlook
21.4.3. Product summary
21.4.4. Recent developments
21.5. Greenshine New Energy
21.5.1. Company details
21.5.2. Financial outlook
21.5.3. Product summary
21.5.4. Recent developments
21.6. Halonix Technologies Pvt. Ltd.
21.6.1. Company details
21.6.2. Financial outlook
21.6.3. Product summary
21.6.4. Recent developments
21.7. Jinhua Sunmaster Lighting Co. Ltd
21.7.1. Company details
21.7.2. Financial outlook
21.7.3. Product summary
21.7.4. Recent developments
21.8. Koninklijke Philips N.V.
21.8.1. Company details
21.8.2. Financial outlook
21.8.3. Product summary
21.8.4. Recent developments
21.9. Nokero
21.9.1. Company details
21.9.2. Financial outlook
21.9.3. Product summary
21.9.4. Recent developments
21.10. SEPCO
21.10.1. Company details
21.10.2. Financial outlook
21.10.3. Product summary
21.10.4. Recent developments
21.11. Signify Holding
21.11.1. Company details
21.11.2. Financial outlook
21.11.3. Product summary
21.11.4. Recent developments
21.12. SOKOYO Solar Lighting Co., Ltd.
21.12.1. Company details
21.12.2. Financial outlook
21.12.3. Product summary
21.12.4. Recent developments
21.13. Solar Street Lights USA
21.13.1. Company details
21.13.2. Financial outlook
21.13.3. Product summary
21.13.4. Recent developments
21.14. SolarOne Solutions, Inc.
21.14.1. Company details
21.14.2. Financial outlook
21.14.3. Product summary
21.14.4. Recent developments
21.15. SunMaster Solar Lighting
21.15.1. Company details
21.15.2. Financial outlook
21.15.3. Product summary
21.15.4. Recent developments
21.16. Sunna Design SA
21.16.1. Company details
21.16.2. Financial outlook
21.16.3. Product summary
21.16.4. Recent developments
21.17. Tapetum India Solar
21.17.1. Company details
21.17.2. Financial outlook
21.17.3. Product summary
21.17.4. Recent developments
21.18. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope