ICT & Electronics Global Solar Outdoor LED Lights Market Outlook | Page 3

Additionally, China and Japan are the major countries witnessing the augmented
demand for solar outdoor LED lights.
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Favorable Government Initiatives
Initiatives such as awareness campaigns to get aware about the benefits of solar
outdoor LED lights, providing subsidies and many more programs aimed to
intensify the adoption of solar outdoor LED lights. Furthermore, encouragement
by government in order to integrate solar outdoor LED lights in residential
houses is also projected to boost the demand for solar outdoor LED lights. Thus,
these factors are propelling the growth of solar outdoor LED lights market across
the globe.
Increasing Environmental Concerns
Mounting level of greenhouse gases coupled with rise in price of electricity across
the globe has fueled the demand for solar outdoor LED lights. Moreover, swelled
disposable income along with rise in purchasing power of the population has led
to invest more on advanced technology which is likely to foster the growth of
solar outdoor LED lights market.
On the contrary, high initial installation cost is anticipated to dampen the growth
of solar outdoor LED lights market. Moreover of presence of normal outdoor
light such as CFLs is also restraining the market of solar outdoor LED lights.