Solar Motion Sensor Wall Light Market: Eco-Friendly Illumination | North America 7.2% Growing by United States
Solar Motion Sensor Wall Light Market Revenue is estimated to exceed USD 396.1 million by 2031
WILMINGTON, DELAWARE, UNITED STATES, January 16, 2024 /EINPresswire.com/ --
According to a new report published by Allied Market Research, The solar motion sensor wall light market was valued at $207.0 million in 2021, and is estimated to reach $396.1 million by 2031, growing at a CAGR of 7.2% from 2022 to 2031.
Solar motion sensor wall lights are outdoor lighting fixtures equipped with both solar panels and motion sensors. These lights are designed to harness solar energy during the day and use it to power LED lights, providing illumination for outdoor spaces such as gardens, pathways, driveways, and entrances. The integration of motion sensors allows these lights to detect movement and automatically activate or brighten when motion is sensed, contributing to enhanced security and energy efficiency.
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Asia-Pacific region held 35.7% share in terms of revenue and is anticipated to grow at a CAGR of 7.5% from 2022 to 2031. Future developments in China solar product industry are projected to drive the growth of the solar motion sensor wall light market in the country.
North America solar motion sensor wall light industry holds the CAGR of 7.2% during the forecast period.
Major Companies
LEDVANCE GmbH., Koninklijke Philips N.V., Hugo Brennenstuhl GmbH & Co Kommanditgesellschaft, Lee Valley Tools Ltd., Wentronic GmbH and LITOM. Other players in the Solar motion sensor wall light market are SDD HONGKONG TRADING LIMITED, Smart Detect UK, LYX – Luminaires and CGC Interiors and others.
The solar motion sensor wall light market share is expected to witness considerable growth in coming years, owing to inclination towards the low maintenance and waterproof wall lighting solution.
Increase in demand for security-related lighting solutions is primarily expected to drive the global solar motion sensor wall light market positively during the forecast.
Photovoltaic cells (PV) are used for the absorption of solar energy in the solar motion sensor wall light product. Photovoltaic cells are made of special materials called semiconductors such as silicon. The absorbed energy is used to light the solar motion sensor wall light product at night.
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In 1954 modern solar cells were invented at Bell Labs with the intent of powering satellites. For many years solar energy product remained expensive but today prices have come down and solar energy product is everywhere. Solar lights are made up of five main components: the solar photovoltaic (PV) panel, battery, control electronics, sensor and the light fixture. The motion-activated sensor will alert on the arrival of any visitors or intruders.
As per solar motion sensor wall light market analysis, the product adjusts brightness automatically in rainy days and extends lighting time substantially. Solar motion sensor wall light product operates through three different modes which include light operates (on/off), dim mode and bright mode and continuous dim mode which help lower the energy consumption.
The products are highly recommended for the application of security lights which is accelerating the solar motion sensor wall light market trends in near future.
Solar motion sensor wall light market forecast is expected to experience growth during the anticipated period as these products keep homes and businesses secure, reduce electricity costs, and contribute to a cleaner, greener environment.
In the residential segment, demand for easy installation of the light fixture is highly desirable which is boosting the solar motion sensor wall light market growth in near future.
The residential and commercial segment is experiencing an increase in the demand for security wall lighting products, which is driving the solar motion sensor wall lights market trend.
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Solar motion sensor wall light is waterproof and heat and cold resistant which is boosting their market share in the outdoor and garden lighting product market. The ability to personalize products with regard to light lamp color opens up the solar motion sensor wall light market opportunity in the near future.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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