Global Outdoor LED Lighting Market By Installation Type (New Installation, Retrofit Installation) By wattage type (Less Than 50 W, 50–150 W, More Than 150 W), By Application {Highway and Roadway, Architectural, Public Places (Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places)}By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Market Analysis: Global Outdoor LED Lighting Market
The Global Outdoor LED Lighting Market accounted to USD 26.0 billion in 2016 growing at a CAGR of 12.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Outdoor LED Lighting Market
Light-emitting diodes (LEDs) are lighting sources for general lighting applications with ten times as efficient as compared to incandescent lighting. Such attribute combined with their long working life and reliability has made them the suitable choice for next generation of lighting systems including emergency, backlight, automotive, indoor and outdoor.
The latest trend in this market are development in the power efficient LED lights, decrease use of high power consuming incandescent lamps as they make burden on consumer pocket by generating more electricity bill. There is need of LED lighting for several applications like Highway and Roadway,Architectural, Public Places (Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places) will create a huge market for the outdoor LED Lighting.Major Market Drivers and Restraints:
- Power efficiency and log lasting LED lights
- Decreasing use of incandescent lamps, due to high power consumption
- Reduction in Prices of LEDs
- Demand for Smart Controls in Street Lighting Systems
- High cost of production
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Market Segmentation: Global Outdoor LED Lighting Market
The market is segmented on the basis of installation, wattage type, applicaton, and geography.
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On the basis of installation the outdoor LED lighting market is segmented into New Installation, Retrofit Installation. The new installation market is expected to grow in the forecasted period.
On the basis of wattage type the outdoor LED lighting market is segmented into Less Than 50 W, 50–150 W, More Than 150 W. The less than 50W market is expected to grow in the forecasted period.
On the basis of application the outdoor LED lighting market is segmented into Highway and Roadway, Architectural, Public Places.
The public places market is expected to grow in the forecasted period. The public places are further segmented into Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places.
The commercial market is expected to grow in the forecasted period.
Based on Geography the market is segmented into 5 geographical regions:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Outdoor LED Lighting Market
Outdoor LED Lighting Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Outdoor LED Lighting Market
Some of the major players operating in outdoor LED lighting market arePhilips Lighting Holding B.V., General Electric Company,Osram Licht AG, Cree, Inc., Eaton Corporation PLC, Hubbell Incorporated,Dialight PLC,Zumtobel Group AG,Syska LED, Virtual Extension,Neptun Light, Inc.,Tapan Solar Energy Pvt. Ltd.,Tanko Lighting, Inc.,Evluma, GOOEE, UM Green, Solas Ray, Carmanahamong others.In 2017, Osram Licht AG acquired China’s Green light, which will help the company to grow in chins.
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