In a recent research report by Maximize Market Research, the Outdoor Solar LED Market is expected to surpass US $17.40 billion by the year 2027, from US $4.20 billion in 2019.
The solar lighting device is supported by batteries that are charged using solar photovoltaic panels. A battery, solar panel, LED light, and charge controller makes up the system. The solar lighting system’s operating concept is to gather solar energy and convert it into lights using the photovoltaic effect, which is utilized in photovoltaic panels and solar panels. The saved energy is stored in a rechargeable gel cell battery, which is later used to provide night-time lights. It is commonly utilized in streetlights as well as smaller spaces like porches and gardens.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 24.6%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Outdoor Solar LED Market in the region, the Value – Chain analysis, and the PORTER’s analysis for the Outdoor Solar LED Market at a global level.
The study is consolidated on the basis of segments and further into sub-segments, by light source (LED, Others), Grid Type (On grid, off grid), by Wattage(less than 39W, 40 TO 149W), by End use (Commercial, Residentensial, Industry) and by Application (Street light, flood light, garden light, spot light).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players – Jiawei, Leadsun, Oksolar, SBM-solar tech, SEPCO solar electric power company, Signify holding, SOKOYO, Solar street light USA, Sunna design SA, Eaton, Solar electric power company, Su-kam power system, Clear blue technologies, jinhua sunmaster solar lighting pvt ltd, Others key player
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Outdoor Solar LED Market.”
https://www.maximizemarketresearch.com/market-report/global-outdoor-solar-led-market/113493/
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