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. Nowadays, the use of solar landscape lighting is common in both residential and commercial places. 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. 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. Awareness related to clean energy has increased in the developing nations, boosting the global solar landscape lighting market trends in near future. Solar landscape lighting is a clean, cost-effective, and environment-friendly solution to provide households with access to lighting. 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. 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.Īs 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. 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. 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. Solar landscape lighting is one of the most environment-friendly and sustainable outdoor lighting solutions available. Solar landscape lighting products provide affordable, attractive, and low-maintenance illumination for residential, commercial, and public infrastructure. 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 are portable light fixtures composed of LED lamps, photovoltaic solar panels, poles, light sensors, and rechargeable batteries. ![]() ![]() 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. The study covers in-depth analysis of 18 countries from different regions including North America, Europe, Asia-Pacific, and LAMEA. 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 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. Solar Landscape Lighting Market Overview - 2032
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