The global outdoor solar Light Emitting Diode (LED) market size was at USD 7.5 Billion in 2022 and is expected to reach USD 55.88 Billion in 2032, and register a revenue CAGR of 25% during the forecast period. The market revenue growth is expected to expand as a result of increasing awareness of the negative environmental effects of conventional lighting systems as well as rising demand for energy-efficient outdoor lighting solutions.

Increasing need for affordable and sustainable lighting solutions, rising popularity of smart cities, and rising demand for remote and off-grid lighting solutions are some of the major factors driving the market revenue growth. In both the residential and commercial sectors, including parks, gardens, roads, and business complexes, outdoor solar LED lighting systems are becoming more widely used.  Manufacturers are consistently creating technologically superior and energy-efficient outdoor solar LED lighting systems in response to growing awareness of the advantages of renewable energy sources among people and rising demand for sustainable energy solutions.

Top Profiled Companies in the Global Outdoor Solar Light Emitting Diode (LED) Market Report:

• Philips Lighting
• Solar Electric Power Company
• Greenshine New Energy
• Osram Licht AG
• Cree, Inc.
• Signify Holding (formerly Philips Lighting)
• Anhui Longvolt Energy Co. Ltd.
• Delight Solar
• Carmanah Technologies Corp.
• Bridgelux, Inc.

To get a sample copy of the report, click on @  https://www.reportsanddata.com/sample-enquiry-form/6162

The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Click here to know more about the report @ https://www.reportsanddata.com/report-detail/outdoor-solar-light-emitting-diode-led-market

Further market segmentation

Application Outlook (Revenue, USD Billion, 2019 - 2032)

• Street Lighting
• Residential
• Commercial
• Others

Wattage Outlook (Revenue, USD Billion, 2019 - 2032)

• Less than 39W
• 40W to 149W
• More than 150W

End-Use Outlook (Revenue, USD Billion, 2019 - 2032)

• Residential
• Commercial
• Industrial

Key Takeaways of the Global Outdoor Solar Light Emitting Diode (LED) Market Report:

• A comprehensive overview of the global Outdoor Solar Light Emitting Diode (LED) industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Outdoor Solar Light Emitting Diode (LED) market.
• Elaborate study of the leading regional markets in the global Outdoor Solar Light Emitting Diode (LED) market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/6162

Thanks for reading our report. Please connect with us in case you require further details on the report or its customization. Our market research team will ensure the report is well-suited to your needs.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blog: https://www.reportsanddata.com/blogs