Global LED Obstruct Lighting Market to Benefit from China’s Largest Production Witnessed in 2016

The global LED obstruct lighting market is prophesied to improve its growth on the back of the availability of highly customized options for end users. A report added by ResearchMoz.us offers a comprehensive account of the global LED obstruct lighting market. It carries the title “Global LED Obstruct Lighting Market Insights, Forecast to 2025.” The rising need to avoid accidents involving aircrafts could increase the demand in the global LED obstruct lighting market. On the other hand, the growing trend of building skyscrapers, which could increase the risk of aircrafts crashing into them, especially in low light conditions, is foreseen to support the growth of the global LED obstruct lighting market.

The global LED obstruct lighting market is projected to clock a 6.5% CAGR between 2018 and 2025. By the end of 2025, the global LED obstruct lighting market could be worth a US$0.3 bn. In 2017, the global LED obstruct lighting market held a valuation of US$0.2 bn.

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Manufacturers of LED obstruct lighting products are largely focusing on meeting applicable requirements of the Federal Aviation Administration (FAA). Furthermore, they could focus on improving the performance and reliability of their LED obstruct lighting products to gain a strong share of the global market. Availability of a wide range of products could be another powerful factor augmenting the demand in the global LED obstruct lighting market. LED obstruct lighting finds application in various end-use industries such as industrial, telecommunications, renewable energy, and bridges and buildings.

By type, the global LED obstruct lighting market is classified into high, medium, and low-intensity products. From a geographical standpoint, China, Europe, and North America could be important markets for LED obstruct lighting. They are listed among leading producers of LED obstruct lighting products. Registering a product volume of 157.24 K units, China is considered to be one of the largest producers of LED obstruct lighting. In 2016, the country lived up to its reputation in the LED obstruct lighting market. It accounts for a 43.89% of the total share of LED obstruct lighting production globally. In 2016, Europe and North America accounted for a 19.18% and 23.65% share of the total global production.

Even in terms consumption, China took the lead in the global LED obstruct lighting market in 2016. It secured a 29.17% of the total consumption share globally. During the same year, 104.49 k units were consumed in the China LED obstruct lighting market. On the other hand, Europe and North America secured a consumption share of 17.98% and 25.87% of the global LED obstruct lighting market in the same year.

The global LED obstruct lighting market marks the presence of top players such as Avlite, Dialight, Hughey & Phillips, and Carmanah Technologies.

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