PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1788242
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1788242
Global Outdoor Solar LED Market to Reach US$37.8 Billion by 2030
The global market for Outdoor Solar LED estimated at US$9.5 Billion in the year 2024, is expected to reach US$37.8 Billion by 2030, growing at a CAGR of 25.8% over the analysis period 2024-2030. Below 39W Solar LEDs, one of the segments analyzed in the report, is expected to record a 28.3% CAGR and reach US$24.3 Billion by the end of the analysis period. Growth in the 40W to 149W Solar LEDs segment is estimated at 21.8% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 34.4% CAGR
The Outdoor Solar LED market in the U.S. is estimated at US$2.6 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2030 trailing a CAGR of 34.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 20.5% and 23.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.8% CAGR.
Global Outdoor Solar LED Market - Key Trends & Drivers Summarized
Why Is the Outdoor Solar LED Market Expanding Rapidly?
The outdoor solar LED market is experiencing exponential growth due to the increasing global focus on energy efficiency, sustainability, and smart city development. Governments and municipalities are investing heavily in solar-powered streetlights and public infrastructure to reduce carbon emissions and lower electricity costs. Additionally, advancements in photovoltaic (PV) technology and energy storage solutions are making solar LED lighting more reliable and cost-effective.
The shift toward off-grid lighting solutions in rural and remote areas is another significant growth driver. Solar LED systems offer a sustainable alternative to traditional grid-dependent lighting, providing illumination for roads, parks, and residential spaces in areas with limited electricity access. With declining solar panel and battery costs, the affordability of solar LED solutions is improving, further driving market adoption.
How Are Technological Innovations Enhancing Solar LED Performance?
Advancements in LED efficiency, battery storage, and smart lighting controls are revolutionizing the outdoor solar LED market. Next-generation solar LEDs are equipped with high-lumen output diodes, improving brightness while consuming less energy. Additionally, lithium-ion and lithium-iron phosphate (LiFePO4) batteries are extending the lifespan and reliability of solar lighting systems.
Smart solar LED solutions with motion sensors, remote monitoring, and adaptive dimming capabilities are also gaining popularity. These systems optimize energy use by adjusting brightness levels based on real-time environmental conditions. Integration with IoT platforms is further enabling predictive maintenance and energy optimization, making solar LEDs more intelligent and cost-efficient.
Is the Demand for Sustainable and Aesthetic Outdoor Lighting Reshaping Market Trends?
Sustainability and aesthetic design are becoming key considerations in the outdoor solar LED market. Consumers and businesses are seeking eco-friendly lighting solutions that blend seamlessly with urban landscapes, residential gardens, and commercial spaces. Decorative solar LED fixtures, including pathway lights, bollard lights, and solar-powered string lights, are gaining traction among homeowners and landscape designers.
Additionally, corporate and commercial establishments are integrating solar LED solutions into their sustainability initiatives, reducing their carbon footprint while improving outdoor illumination. The hospitality sector, including resorts and theme parks, is increasingly adopting solar LED lighting to enhance energy efficiency while maintaining visually appealing outdoor environments.
What’s Driving the Growth of the Outdoor Solar LED Market?
The growth in the outdoor solar LED market is driven by several factors, including rising environmental regulations, declining solar technology costs, and increasing investments in smart city infrastructure. Government initiatives promoting renewable energy adoption and off-grid electrification are further accelerating market expansion.
Additionally, the demand for intelligent, motion-sensing, and aesthetically designed solar lighting solutions is shaping industry trends. As technology continues to improve and integration with IoT and energy storage solutions expands, the outdoor solar LED market is poised for sustained growth in the years ahead.
SCOPE OF STUDY:
The report analyzes the Outdoor Solar LED market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Wattage (Below 39W Solar LEDs, 40W to 149W Solar LEDs, Above 150W Solar LEDs); Application (Street Lights Application, Garden Lights Application, Floodlights Application, Area Lights Application, Spot Lights Application); End-Use (Commercial End-Use, Residential End-Use, Industrial End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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