ICT & Electronics Global Solar Outdoor LED Lights Market Outlook | Page 2

Increasing
Development
Of
Smart
Infrastructure Is Bolstering The Market For
Solar Outdoor LED Lights
“Solar
Outdoor
LED
Lights
Market:
Global
Demand Analysis & Opportunity Outlook 2024”
The global solar outdoor LED lights market is segmented into application such as
residential, commercial and others. Among these segments, commercial segment
is expected to witness significant growth during the forecast period i.e. 2017-
2024. Additionally, commercial segment is riding on the back of growing demand
for solar outdoor LED lights from healthcare sector and hospitality sector.
Further, growing adoption of solar outdoor LED lights for saving energy is also
envisioned to flourish the growth of solar outdoor LED lights market across the
globe.
Global solar outdoor LED lights market is expected to register a noteworthy
CAGR over the forecast period. Moreover, the global solar outdoor LED lights
market is projected to expand at exponential revenue during the forecast period
i.e. 2017-2024. In addition to this, increasing investment by government for the
implementation of solar LED lights in streets and highways is also believed to
flourish the growth of solar outdoor LED lights market.
The between 50W and 150W segment by power is predicted to mark a notable
CAGR by the end of 2024. Further, growing adoption of solar LED light of power
between 50W and 150W for streets and highway lightning purposes is projected
to fuel the growth of between 50W and 150W segment. In terms of regional
platform, Asia-Pacific region seized the largest market for solar outdoor LED
lights across the globe due to rapid urbanization and positive GDP figures.