Solar Motion Sensor Wall Light Market 2023 Industry Research Report & Forecast To 2031
Solar Motion Sensor Wall Light Market Overview
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.
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.
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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.
Some of the major players in the solar motion sensor wall light market include 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.
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.
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.
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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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