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Jul 13, 2023

Global Solar LED Lighting Market in APAC Observe Significant Growth, Claim by MarkNtel Advisors Research

A recent research study by MarkNtel Advisors, a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals, cited that the

A recent research study by MarkNtel Advisors, a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals, cited that the Global Solar LED Lighting Market is projected to grow at a CAGR of around 20% during the forecast period, i.e., 2023-28 The report methodically analyses several aspects that have influenced the market dynamics in the past few years.

Apart from this, the probable factors, based on primary & secondary research, which shall shape the Global Solar LED Lighting Market landscape in the future have also been included in the study to make stakeholders well-versed with the industry and help them stay ahead of their competitors. Moreover, to ensure that the analysis is accurate & precise, our analysts deeply examine the recent market patterns as well as historical milestones to project lucrative prospects while facilitating exponential growth for businesses.

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Key Driver: Rising Urbanization Instigating the Need for Sustainable Energy Sources

With the growing population, the introduction of new technologies, and infrastructural development, urbanization is spreading globally, consecutively raising demands for sustainable sources and utilization of energy and electricity. Therefore, the need for energy-efficient tools such as solar energy panels to fulfill the goals of smart cities in developing countries is driving the market growth. Besides, the minimal maintenance and lower operational costs compared to conventional lighting have increased the installation of solar lighting in numerous underdeveloped areas. Furthermore, lucrative features such as energy efficiency, low operating and maintenance costs, quick fault detection, and real-time control decisions via central control units or devices are further driving the market.

Key Offerings from the Global Solar LED Lighting Market Research Report:

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Competitive Benchmarking in the Global Solar LED Lighting Market

The prominent players profiled in the Global Solar LED Lighting Market are

-Bisol

-Greenshine New Energy

-Solar Lighting International

-Anuhi Longvolt Energy Co., Ltd.

-Solar Electric Power Company (SEPC)

-Solux

-Orion Solar

-Leadsun

-Bridgelux, Inc

-SOKOYO Solar Group

-Urja Global

-Solektra International

Each company operating in this industry is vetted based on their products’ values, abilities, and other significant characteristics. The study also covers numerous mergers & acquisitions, along with the recent products launched by these players, to familiarize the stakeholders with the most recent market trends.

How has the Global Solar LED Lighting Market been segmented?

The report comprehensively analyses each high-performing segment, elucidating the factors contributing to their success and larger market share. It examines their significant impact on the Global Solar LED Lighting Market regarding sales, expansion, job opportunities, and other crucial factors. Categorizing the components as follows:

By Application

-Residential

-Commercial

-Industrial

By Product Type

-Stand-Alone

-On-Grid

By Component Type

-Solar Panel

-Battery

-Pole

-Lamp

-Other Component

By Region

-North America

-South America

-Europe

-Asia-Pacific

-Middle East & Africa

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Key Questions Answered in Global Solar LED Lighting Market Report:

Note: We also offer customized research services & reports tailored to meet our client’s specific requirements, including market sizing, demand & supply assessment, company profiling, competitive assessment, & trend analysis, among others, to help them succeed in today’s fast-paced markets.

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