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Solar Motion Sensor Wall Light Market Expected to Reach $396.1 Million by 2031—Allied Market Research

 
2022
Solar Motion Sensor Wall Light Market

Report Code : A47252

quote 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. Further, 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. quote

Yerukola Eswara Prasad - Manager
Energy and Power at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Solar Motion Sensor Wall Light Market," 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.

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.

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.

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. 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.

The solar motion sensor wall light market is segmented on the basis of sensor type, application, end use, and region. On the basis of sensor type, the market is classified into passive infrared sensors and microwave radars. On the basis of application, the market is divided into lighting, decoration and security. On the basis of end use, the market is categorized into residential, commercial and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of sensor type, the passive infrared sensors segment held 79.4% share in terms of revenue and segment is expected to grow at the highest CAGR of 7.2% from 2022 to 2031. Passive infrared sensors are used to detect presence of human beings in proximity and increase security. These sensors are small, inexpensive, low-power, easy to use and do not wear out in extreme weather situations. This increases the demand for passive infrared sensors in the solar motion sensor wall light market.

On the basis of application, the lighting segment held 42.7% share in terms of revenue and is expected to grow at a CAGR of 7.1% from 2022 to 2031. Along with this, the security segment held the highest CAGR of 7.5% from 2022 to 2031 due to the rise in demand for high-end security devices in both residential and commercial applications.

On the basis of end use, the residential segment held 53.6% share in terms of revenue and is expected to grow at a CAGR of 7.4% from 2022 to 2031. Solar motion sensor wall light products are gaining popularity in the residential segment as products reduce the cost of outdoor garden lighting while maintaining security and the visual appeal of the home.

On the basis of region, the 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 holds the CAGR of 7.2% during the forecast period

The solar motion sensor wall light market analysis covers in-depth information of the major industry participants. 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

Key findings of the study

  • On the basis of sensor type, passive infrared sensors segment holds the market share of 79.4% in 2021 in terms of revenue
  • On the basis of application, lighting segment holds the market share of 42.7% in 2021 in terms of revenue
  • On the basis of end use, the residential segment gained 53.6% share in 2021 in terms of revenue
  • On the basis of region, the Asia-Pacific region hold the market share of 35.7% in 2021 in terms of revenue
 

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quote Solar Motion Sensor Wall Light Market by Sensor Type (Passive Infrared Sensors, Microwave Radars), by Application (Lightning, Decoration, Security), by End Use (Residential, Commercial, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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