Solar Landscape Lighting Market Overview - 2032
The solar landscape lighting market valued at $3.0 billion in 2022 and is estimated to reach $5.6 billion by 2032, exhibiting a CAGR of 7.0 % from 2023 to 2032.
Report Key Highlighters
The solar landscape lighting market is consolidated in nature with few players such as Lee Valley Tools Ltd., Wentronic GmbH, LITOM, Smart Detect UK and LYX – Luminaires, that hold significant share of the market.
The study covers in-depth analysis of 18 countries from different regions including North America, Europe, Asia-Pacific, and LAMEA. In addition, country-wise data of every country has been provided for better understanding of solar landscape lighting market dynamics in every country.The solar landscape lighting market includes company profiles of 10 key players who are actively engaged in producing various solar landscape lighting.
Solar landscape lighting are portable light fixtures composed of LED lamps, photovoltaic solar panels, poles, light sensors, and rechargeable batteries. A solar panel collects solar energy during daylight hours and charges a battery, which powers a solar landscape lighting product at night. Solar landscape lighting products provide affordable, attractive, and low-maintenance illumination for residential, commercial, and public infrastructure. Solar landscape lighting is one of the most environment-friendly and sustainable outdoor lighting solutions available.
The report includes the study of the solar landscape lighting market forecast with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the solar landscape lighting industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. In addition, solar landscape lighting is particularly helpful for outdoor spaces and can be installed at anyplace at low cost, which is expected to support the global solar landscape lighting market growth in the coming years.
As per solar landscape lighting market analysis, independence, easy installation, reliability, and waterproofing elements are some factors which drive the growth market during the forecast period. Solar landscape lighting can meet unique performance parameters by varying solar panel size, bulb brightness, battery size, lighting angles, pole heights, and special features such as motion sensors or network connectivity, which helps boost the solar landscape lighting market size.
Solar landscape lighting is a clean, cost-effective, and environment-friendly solution to provide households with access to lighting. Awareness related to clean energy has increased in the developing nations, boosting the global solar landscape lighting market trends in near future. A wide variety of off-grid solar products, ranging from large installations powering to small portable lights have gained popularity in low- and middle-income countries. Prices for different type of solar landscape lighting have decreased by around 80% in the past 6 years and are expected to drop even further, which drives solar landscape lighting market share in lighting industry.
Nowadays, the use of solar landscape lighting is common in both residential and commercial places. The residential sector is indulged in efficiently offsetting and diversifying electricity consumption, which is expected to boost the solar landscape lighting market during the forecast period. Moreover, governments, NGOs and other organizations have accelerated the adoption of solar landscape lighting through tax cuts and subsidies which creates solar landscape lighting market opportunities in the near future.
Compared with traditional lighting, solar landscape lighting uses solar energy which is completely renewable. In a genuine sense, solar landscape lighting promotes environmental protection. Solar landscape lighting products help illuminate walkways, steps and other paths during storms and power outages. The demand for the global solar landscape lighting market is anticipated to grow due to the increase in popularity of products such as solar post lights, solar flood lights, solar lanterns, solar deck light and solar wall lighting in various applications.
Several products are coming up with the new features motion sensors, security sensors, temperature sensors and others. Solar motion sensor wall lights are a great option to brighten up any dark corner of residential or commercial property such as porches, driveways, garden paths, sheds, fencing, and more. Residential sector is focusing on investing in future with solutions which are smarter, greener, and more adaptable to the ever-changing landscape.
The infrastructure sector is developing new ideas for interior and exterior décor, as well as lighting design which boosting the solar motion sensor wall light market size in future. Traditional electricity comes up with the extremely high level of interdependency on cable connections with power supply system. However, solar landscape lighting products are free from interdependency which is booting the global solar motion sensor wall light market trend in forecasted period. Manufacturers are working on the improvement of shape and design to make the solar motion sensor wall light more versatile and adaptable in the market.
Solar motion sensor wall light is gaining popularity as a dependable source for lighting in the developing countries. Solar motion sensor wall light products are low cost, eco-friendly, long-lasting and maintenance-free due to which the products are gaining popularity in the market. Superiority of solar motion sensor wall light makes products well-suited for commercial as well as domestic lighting applications.
The need for solar landscape lighting has increased due to a boom in the global solar industry. A surge in the investigation of new renewable energy sources has grown over the past five years, aside from the pandemic period. The report further outlines the details about the revenue generated through the sale of solar landscape lighting across North America, Europe, Asia-Pacific, and LAMEA.
The solar landscape lighting market is segmented on the basis of type, panel type, solar power system, end use, application and region.
Solar landscape lighting market, by Type
By type, the market is classified into solar post lights, solar flood lights, solar lanterns, solar deck light, solar wall lights, solar step lights, solar fence lights, solar walkways lights, solar porch lights, solar driveways lights, solar lawn lights and others. In 2022, the solar post lights segment dominated the market as products are used to illuminate garden, large outdoor areas and to lower the expenditure extra expense of outdoor lighting. The key factors influencing the rise in demand for solar post lights are improving affordability, better accessibility, and environmentally friendliness.
By Type
Solar Post Lights segment is the most lucrative segment
Solar landscape lighting market, by Pannel Type
By panel type, the market is classified into polycrystalline, monocrystalline and amorphous. In 2022, monocrystalline segment dominate in the market as monocrystalline solar panels are the most predominant panel for the solar landscape lighting products. The monocrystalline panel performs better even in low light conditions and has a higher temperature coefficient and high-power density which drive its demand in the market.
By Panel Type
Monocrystalline segment witnessed the highest market share
Solar landscape lighting market, by Solar Power System
By solar power system, the market is classified into off-grid, on-grid and hybrid. In 2022, off-grid segment to dominate in the market as systems are good in terms of expandability as energy needs change over time the power of off-gride can also be increases. The off-grid system is 100% self-sustaining and not connected in any way to the local grid’s power system or utility which drives its demand in the market.
By Solar Power Systems
Off-Grid segment witnessed the highest market share
Solar landscape lighting market, by End Use
By end use, the market is classified into residential, commercial and industrial and others. In 2021, The residential segment dominated the market in 2022 as to lower the expenditure extra expense of garden lighting boost the demand for solar landscape products in the residential segment. In the developing countries, the government is also providing the cost and tax benefits to use solar landscape lighting products in homes and garden area.
By End Use
Residential segment witnessed the highest market in the forecast period
Solar landscape lighting market, by Application
By application, the market is classified into lighting, decoration and security. The lighting segment dominated the market in 2022, as globally light products are produced for the purpose of lighting application. However, the security segment is projected to gain popularity during the forecast period, as solar motion sensor wall light products come with the advantages of security and new technology of cost saving.
By Application
Lighting segment is the most lucrative segment
Solar landscape lighting market, by Region
By region, the market is classified into North America, Europe, Asia-Pacific and LAMEA. In 2022, Asia-Pacific to dominate in the market due to rise in the adoption of the environment friendly lighting products. In China and Japan, large companies have already entered the production of the products and are also expanding the production capacity are expected to be the key factors which drive the growth of the market during the forecast period.
By Region
Singapore would exhibit highest CAGR of 4.1% during 2023-2032.
The global solar landscape lighting market report provides in-depth competitive analysis as well as profiles of these major players. Major players operating in the solar landscape lighting industry include Lee Valley Tools Ltd., Wentronic GmbH, LITOM, Smart Detect UK, LYX – Luminaires, LEDVANCE GmbH. As a subsidiary of MLS CO,LTD, CGC Interiors, Koninklijke Philips N.V., SDD HONGKONG TRADING LIMITED, Hugo Brennenstuhl GmbH and co. kg. Kon Lighting, Fonroche Lighting America, Inc., Greenshine New Energy, Wipro Lighting.
Key Strategies
- In October 2021, Koninklijke Philips N.V. company decided to launch the new product named Philips Essential SmartBright Solar Wall Light (BWS010 series). The product is an All in One (AIO) solar-based wall lamp with a compact size, easy installation, and motion sensors make which make product very suitable to be installed in the home area and garden area
- In April 2022, Wipro Lighting company has decided to launch the best and highly eco-friendly lamination product named Wipro SolaRISETM. The product is technologically advanced, environment-friendly, efficient, and innovative solutions. This development helps the company to increase product portfolio in lighting solutions
Key benefits for stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar landscape lighting market analysis from 2022 to 2032 to identify the prevailing solar landscape lighting market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the solar landscape lighting market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global solar landscape lighting market trends, key players, market segments, application areas, and market growth strategies.
Impact Of Russia & Ukraine On The Global Solar Landscape Lighting Market
The conflict between Russia and Ukraine has a significant impact on the energy sector. Russia's invasion of Ukraine has created shock waves in global energy markets, leading to price volatility, supply shortages, security issues. As a result, the cost of manufacturing solar landscape lighting products and batteries will increase and significant supply chain challenges. War can significantly slow the renewable energy transition of Europe. The Russia-Ukraine war has a major impact on the global solar industry. Production has decreased sharply, while demand has also declined.
Analyst Review
The CXOs of major corporations claim that the spread of COVID-19 caused a considerable and quick reduction in global economic activity. Pandemic had a detrimental effect on the market. Other pandemic consequences include decreased client spending, negative net income & revenue, operations interruptions. In addition, there was a decrease in the manufacturing of solar products and batteries during the period of severe economic disruption.
According to various top-level CXOs of leading companies, the global solar landscape lighting market is expected to exhibit high growth potential during the forecast period. Post COVID manufacturers of solar energy equipment is anticipated to enhance their manufacturing capacity and merge to broaden their customer base and global presence. Solar energy storage and equipment products play an important role in the growth of the solar landscape lighting market. Government support and increase in research and development in the solar energy solution are projected to help drive the growth of the global solar landscape lighting market in near future. Long term adoption of solar landscape lighting products in the residential and commercial infrastructure sector helps lower the income risk for producer and expand the production of solar landscape lighting products
The solar post lights segment was the largest revenue generator in 2022, and is anticipated to grow at a CAGR of 7.6% during the forecast period.
The Asia-Pacific is the largest regional market in the global solar landscape lighting market, contributing more than one third of the global market in 2022.
The solar landscape lighting market valued at $ 3 billion in 2022 and is estimated to reach $ 5.6 billion by 2032, exhibiting a CAGR of 7.0 % from 2023 to 2032.
The rise in demand for decorative and security lights in residential sector and increase in awareness of eco-friendly lights drive the market in coming years.
Major players operating in the solar landscape lighting industry include Lee Valley Tools Ltd., Wentronic GmbH, LITOM, Smart Detect UK, LYX – Luminaires, LEDVANCE GmbH. As a subsidiary of MLS CO,LTD, CGC Interiors, Koninklijke Philips N.V., SDD HONGKONG TRADING LIMITED, Hugo Brennenstuhl GmbH and co. kg. Kon Lighting, Fonroche Lighting America, Inc., Greenshine New Energy, Wipro Lighting.
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