Mexico Outdoor Solar Led Market Size & Outlook, 2024-2030
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Mexico outdoor solar led market highlights
- The Mexico outdoor solar led market generated a revenue of USD 93.6 million in 2021 and is expected to reach USD 351.2 million by 2028.
- The Mexico market is expected to grow at a CAGR of 20.8% from 2022 to 2028.
- In terms of segment, solar led street lights was the largest revenue generating application in 2021.
- Solar Garden LED Lights is the most lucrative application segment registering the fastest growth during the forecast period.
Outdoor solar led market data book summary
| Market revenue in 2021 | USD 93.6 million |
| Market revenue in 2028 | USD 351.2 million |
| Growth rate | 20.8% (CAGR from 2021 to 2028) |
| Largest segment | Solar led street lights |
| Fastest growing segment | Solar Garden LED Lights |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solar LED Street Lights, Solar Garden LED Lights, Solar LED Floodlights, Solar LED Area Lights, Solar LED Spot Lights |
| Key market players worldwide | Signify NV, SBM SolarTech, SEPCO - Solar Electric Power Company, SOKOYO Solar Lighting Co., Sunna Design, OkSolar, Jiawei |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global outdoor solar led market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil outdoor solar led market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 351.2 million by 2028.
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Outdoor Solar LED Market Scope
Outdoor Solar LED Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jiawei | View profile | - | Shenzhen, Guangdong, China, Asia | http://www.jiawei.com/ |
| OkSolar | View profile | 101-250 | Wynnewood, Oklahoma, United States, North America | https://www.oksolar.com/ |
| Sunna Design | View profile | 11-50 | Blanquefort, Midi-Pyrenees, France, Europe | http://sunna-design.fr/sunna/ |
| SOKOYO Solar Lighting Co. | View profile | 51-100 | Yangzhou, Jiangsu, China, Asia | https://www.sokoyosolar.com |
| SEPCO - Solar Electric Power Company | View profile | 11-50 | Stuart, Florida, United States, North America | http://www.sepco-solarlighting.com |
| SBM SolarTech | View profile | - | Shanghai, Shanghai, China, Asia | https://www.sbmsolartech.com/ |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
Mexico outdoor solar led market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to outdoor solar led market will help companies and investors design strategic landscapes.
Solar led street lights was the largest segment with a revenue share of 57.48% in 2024. Horizon Databook has segmented the Mexico outdoor solar led market based on solar led street lights, solar garden led lights, solar led floodlights, solar led area lights, solar led spot lights covering the revenue growth of each sub-segment from 2018 to 2030.
- Mexico Outdoor Solar LED Application Outlook (Revenue, USD Billion, 2018-2030)
- Solar LED Street Lights
- Solar Garden LED Lights
- Solar LED Floodlights
- Solar LED Area Lights
- Solar LED Spot Lights
- Mexico Outdoor Solar LED Wattage Outlook (Revenue, USD Billion, 2018-2030)
- Less than 39W
- 40W to 149W
- More than 150W
- Mexico Outdoor Solar LED End Use Outlook (Revenue, USD Billion, 2018-2030)
- Residential
- Commercial
- Industrial
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Our clientele includes a mix of outdoor solar led market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico outdoor solar led market , including forecasts for subscribers. This country databook contains high-level insights into Mexico outdoor solar led market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico Outdoor Solar LED Market Outlook Share, 2024 & 2030 (US$B)
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