Outdoor Light-emitting Diode (LED) Lighting Market Segmentation grow with a 13.10% CAGR by 2028 Forecast.
Outdoor Light-emitting Diode (LED) Lighting Market Insight
- Data Bridge Market Research analyses the outdoor light-emitting diode (LED) lighting market will exhibit a CAGR of 13.10% for the forecast period of 2021-2028 and is expected to reach the USD 34.85 billion by 2028.
- Outdoor LED lighting can be defined as light sources intended to illuminate or illuminate an outdoor space. Consumers or cities are deploying these lighting solutions in outdoor applications to enhance the beauty and safety of their environment. In addition, these lighting solutions are very energy efficient, providing a longer lifespan than traditional lighting solutions. In addition, outdoor LED lighting solutions have a lower impact on the environment. These lighting solutions are used in a variety of applications such as walkway lighting, signage lighting, wall lighting, area lighting and more.
- The increasing demand for LED lighting due to the modernisation and development of infrastructures such as economic corridors and smart cities will influence the growth of outdoor LED lighting market. Furthermore, requirement of improving the visibility and safety of drivers and pedestrians, decrement in the prices of LED, high demand for smart controls in street lighting systems and rising need forenergy-efficient lighting systems for highways will enhance the market growth rate.
- Development of wirelesstechnology, growing use of IoT technology in smart street lighting and smart city projects will further create beneficial opportunities for the growth of the market.
- However, lack of awareness about the installation cost for smart lighting and payback periods and improvement associated with laser lights as an alternative technology are the factors that will act as restraints for the growth of outdoor LED lighting market. Lack of consumer ownership associated with utility owned street-lightning and sudden rise in the cost involved in product testing will challenge the growth of the market.
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Outdoor Light-emitting Diode (LED) Lighting Market Segmentation
It is fragmented on the basis of offering, installation type, wattage and application..
Installation | Retrofit installation and new installation. |
offering | Hardware,softwareand services. |
Application | Highwayand roadway, architectural and public places and others. |
Wattage | Less than 50 watt, 50-150 watt, and more than 150 watt. |
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Outdoor Light-emitting Diode (LED) Lighting Market Country Level Analysis
The countries covered in the outdoor light-emitting diode (LED) lighting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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The major players covered in the Outdoor Light-emitting Diode (LED) Lighting Market report are
The major players covered in the outdoor light-emitting diode (LED) lighting market report are GENERAL ELECTRIC, CREE WOLFSPEED, Zumtobel Group, Signify Holding, OSRAM Gmbh, Hubbell, Astute Lighting Ltd, NEPTUN LIGHT, INC., SYSKA, Dialight, Eaton, Evluma, and OSRAM among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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