Solar LED garden lights are gaining in developing countries as a reliable source for naturally powered lighting. Rising oil prices and global warming encourage projects to produce efficient and cost-effective solar LED garden lights. Solar LED Garden Lights have Applications in residential, commercial, and industrial areas, with the commercial market segment expected to lead due to increased initiatives by governments and civic authorities. The main advantage of solar LED garden lights is that they may be configured to operate automatically from dusk to dawn.
MARKET SCOPE
The "Global Solar LED Garden Light Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the solar LED garden light market with detailed market segmentation by mount type, end user, and geography. The report provides key statistics on the market status of the leading solar LED garden light market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on mount type, the market is segmented into ground stake and wall mount.
- Based on end user, the market is segmented into residential, commercial, and industrial.
MARKET DYNAMICS
Drivers:
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- Increasing demand for cleaner energy sources is boosting the growth solar LED garden light market.
- Low maintenance cost during its operation is also boosting the growth of the solar LED garden light market.
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- The high initial cost may hinder the growth of the solar LED garden light market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The solar LED garden light market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the solar LED garden light market in these regions.
IMPACT OF COVID-19 ON SOLAR LED GARDEN LIGHT MARKET
The growth of the solar LED garden light market slowed during the pandemic. The supply of electronic components was constrained due to severe disruptions in the supply chain. Companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the solar LED garden light market.
MARKET PLAYERS
The report covers key developments in the solar LED garden light market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the solar LED garden light market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar LED garden light market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Eaton
- General Electric
- Hardoll
- Honland Group
- Kingsun
- Ningbo Liaoyuan Municipal Engineering Co., Ltd.
- Omega Solar
- OSRAM GmbH
- Panasonic Corporation
- Signify Holding.