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Premium Report Details
Base Year: 2024
Companies covered: 16
Tables & Figures: 490
Countries covered: 19
Pages: 185
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Outdoor Solar LED Market
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Outdoor Solar LED Market Size
The global outdoor solar LED market was valued at USD 9.8 billion in 2024 and is estimated to grow at a CAGR of 19.4% to reach USD 57.1 billion by 2034. The growth of the market is attributed to factors such as rising demand for energy-efficient lighting solutions.
International need for sustainable technologies is rising, with institutions & consumers going for energy-efficient alternatives. Outdoor solar LED lighting has come to be a solution, because of its lower power draw & longer lifespan than traditional lighting. The trend is most common in smart city projects & infrastructure developments, where energy efficiency is a major traction. Residential LEDs in the U.S., especially ENERGY STAR-certified products, use at least 75% less energy & last 25 times longer than incandescent lighting. The massive energy savings have been a major sales driver for consumers and municipalities alike, driving demand for Outdoor Solar LED technology. The United States Department of Energy identifies the potential of LED technology to transform the future of lighting in the U.S.
Governments globally are enabling the use of renewable energy by implementing policies to endorse the use of solar technology. The Outdoor Solar LED lights ensure necessary lighting in remote and rural communities to facilitate access to basic infrastructure and security. The incorporation of solar LEDs into public programs like rural electrification programs, disaster preparedness plans, & green infrastructure has spurred their deployment. Governments globally are adopting policies & subsidies to encourage adoption of solar energy. In India, the Ministry of New and Renewable Energy (MNRE) has seen a noteworthy addition in solar energy capacity, with 23.83 GW being installed in FY 2024–25, a growth from 15.03 GW in the last financial year. This growth indicates sustained adoption of solar energy in both utility-scale & distributed segments, as well as off-grid solar options that frequently use outdoor solar LED lighting.
Outdoor Solar LED Market Trends
Outdoor Solar LED Market Analysis
Based on the wattage, the outdoor solar LED market is segmented into less than 40W, 40W to 150W and more than 150w.
Based on the application, the outdoor solar LED market is categorized into street, garden, pathway and others.
Based on the end user, the outdoor solar LED market is bifurcated into government & municipalities, commercial enterprises, residential consumers, and industrial & infrastructure.
Outdoor Solar LED Market Share
The market is highly competitive and fragmented with the presence of established global players as well as local players and startups. The top 4 companies in the global outdoor solar LED industry are Signify Holding, Wipro Lighting, Panasonic Holdings Corporation, and Havells India Limited collectively accounting for a share of 21.30% market share.
Outdoor solar LED market leaders are making active investments in future-proofing initiatives by focusing on leading-edge material innovation, increased product durability, & smart integration potential. Key areas of focus are the application of lightweight, high-performance composite materials that enhance installation convenience & structural load reduction, especially in retrofitting situations. Ruggedized, weather-resistant versions are being created to satisfy the high requirements of varied environmental conditions be it urban city environments to isolated off-grid rural areas.
Product development is becoming more driven by the imperative of integration with cutting-edge smart city infrastructure, such as IoT-based monitoring platforms, centralized lighting control networks, and renewable energy management grids. Outdoor solar LEDs are designed for low SWaP (weight, size, and power), allowing for increased operational lifespan, less complicated maintenance & efficient energy use illumination.
European & North American procurement patterns prioritize adherence to globally accepted standards like MIL-STD-810 for environmental resilience, ISO 9001 for quality management, & RoHS & REACH for environmental sustainability & regulatory compliance. Producers are shifting towards government regulations aimed at reducing carbon imprints through the use of recyclable materials & green production methodologies. These advances represent a larger industry trend towards sustainable urban lighting technology that is resilient, intelligent, and cost-efficient.
Outdoor Solar LED Market Companies
The market features several prominent players, including:
Signify Holding is a industry leader in the outdoor solar LED market, known for providing innovative & energy-efficient solutions for lighting customized to the needs of contemporary urban infrastructure & sustainable development objectives. Building on decades of experience under the Philips name, Signify provides high-performance solar LED luminaires featuring smart controls & sensor-based automation, which optimize energy consumption in outdoor spaces. Signify's portfolio encompasses high-tech solar-powered area & street lighting solutions that are designed to be durable, easy to install, & require low maintenance in a range of climatic conditions. Focusing strategically on circular lighting & connected solutions, Signify is further spearheading technological innovation in renewable lighting by linking its innovations to international smart city drives as well as environmental sustainability strategies.
Wipro Lighting is a well-known in the outdoor solar LED industry, giving integrated, energy-efficient lighting solutions specific to varied urban & rural applications. Their SolaRISE series is the epitome of innovation with compact, self-contained solar streetlights that have high-efficiency monocrystalline panels, lithium ferro-phosphate batteries, & smart control modules with motion sensors. These are designed to be durable & easy to install, performing optimally under various climatic conditions. Wipro's focus on sustainability & smart technology incorporation makes it a front runner in delivering reliable, eco-friendly outdoor lighting solutions. Its products are designed to provide steady light while using less energy, which is in line with worldwide initiatives in sustainable urban living.
Outdoor Solar LED Industry News
The outdoor solar LED market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:
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By Wattage
By Application
By End Use
The above information is provided for the following regions and countries: