|08-07-2018 04:00 PM CET - Business, Economy, Finances, Banking & Insurance||
Outdoor LED Lighting Market Analysis 2018 With Forecast Of Philips,GE, Osram Licht, Cree, Eaton Corporation PLC, Hubbell
Press release from: Data Bridge Market Research
Outdoor LED Lighting area unit lighting hotspots for general lighting applications with 10 times as effective once contrasted with effulgent lighting. Such attribute joined with their long operating life and unwavering quality has settled on them the cheap call for up and returning age of lighting frameworks as well as crisis and exterior. the foremost recent pattern during this market area unit improvement within the power expert LED lights, diminish utilization of high power outlay effulgent lights as they influence load on client to stash by manufacturing bigger power charge. there's would like of Outdoor LED Lighting for a couple of applications like route and road, Architectural, Public Places (Commercial, flying field Perimeters, Parking Structures, sports stadium and space Floodlighting, amusement, Others Public Places).
DBMR published a new research report on Global Outdoor LED Lighting Market that contains the information from 2018 to 2023. Global Outdoor LED Lighting market is expected to grow with the CAGR of approximately 5.9% from 2018 to 2023. Taste the market data and market information presented through market data tables and figures spread in numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis .
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Outdoor LED Lighting Market is highly fragmented and is based on new product launches and results of products. The report includes market shares of Outdoor LED Lighting Market for global, Europe, North America, Asia Pacific and South America. 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 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.
Major Market Competitors: Global Outdoor LED Lighting Market
Some of the major players operating in outdoor LED lighting market are
• Philips Lighting Holding B.V.,
• General Electric Company,
• Osram Licht AG,
• Cree, Inc.,
• Eaton Corporation PLC,
• Hubbell Incorporated,
Others: 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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Market Segmentation: Global Outdoor LED Lighting Market
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.
On the basis of geography, outdoor LED lighting market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and 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.
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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