Outdoor solar LED lights market volume will keep rising up to 24.75 Billion US dollars in next few years

Recently, especially during the pandemic time, more and more people prefer installing outdoor solar LED lighting for many applications. These solar led lights powered by solar PV cells feature in the fronts of energy efficiency, maintenance cost and power cost compared with traditional lighting. The EU market has started to follow the Asian market from the year 2020 to see the slight rise in market size with favorable regulations and financial incentive schemes.

The said solar garden LED lights market is expected to soar much higher in terms of CAGR in next years. In recent years, people spend much more on garden landscape designing in the residential and commercial spaces in order to achieve making aesthetically pleasing gardens, which will result in large application of solar garden LED lights.

In the previous year 2020, the range of outdoor solar LED lights from 40W to 149W registed the largest revenue share in the market. Their higer lumen brightness help them more popular and suitale for landscaping and street lighting applications.

The global outdoor solar LED light market size was valued at USD 4.36 billion in the year 2020. It is expected to develop at a compound annual growth rate (CAGR) of 24.6% from 2021 to 2028.