|12-11-2018 10:32 AM CET - Advertising, Media Consulting, Marketing Research||
Outdoor LED Lighting Market is Growing with Highest CAGR Because of Increasing Demand | Philips, General Electric, OSRAM, Cree
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
HTF Market Intelligence released a new research report of 100 pages on title 'U.S. Outdoor LED Lighting Market Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025' with detailed analysis, forecast and strategies. The study covers key players such as Philips Lighting Holding B.V., General Electric, OSRAM, Cree, Zumtobel Group AG Eaton, Dialight.
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U.S. Outdoor LED lighting market is expected to reach a CAGR of 7.3% in the forecast period of 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
U.S. Outdoor LED lights are highly cost-effective as compared to conventional incandescent bulbs and compact fluorescent light bulbs. According to U.S. Department of Energy, ENERGY STAR LEDs can save the 75% consumption of electricity. The life of LED is high as compare to traditional incandescent bulbs and compact fluorescent light bulbs. The life of LED is 25 times than life of traditional incandescent bulbs. For instance, according to U.S. Department of Energy, life of LED is around 25,000 hours, where life of traditional incandescent bulbs is around 1000 hours.
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Market Segmentation :
By Offering (Hardware, Software, Services), Installation Type (New Installation, Retrofit Installation), Wattage Type (50-150 W, More Than 150 W, Less Than 50 W), Application (Public Places, Highway and Roadway, Architectural) Industry Trends and Forecast to 2025
Major growing sectors under the market segmentation are as follows:
• On the basis of offering type, the market is segmented into hardware, software and services. The hardware is sub-segmented into lamps, luminaires and control systems. Lamps are further sub-segmented into reflectors, tubes and others. Luminaires are further sub-segmented into troffers, downlights, roadway fixtures, outdoor area lights and others. Services are sub-segmented into design & installation and maintenance & support. Because of the decreasing cost of LEDs and increasing efficiency LEDs are growing at the highest CAGR.
• In Installation type, retrofit installations are growing at the highest CAGR because of growing government focus to install LED in public places, roadways and others.
• In wattage type, more than 150 W is growing with highest CAGR rate because of increased demand towards LED lighting in huge spaces that require high wattage type for systems.
• In application, public places is growing with highest CAGR because of increasing demand for LED lighting and growing advancement in industrial and commercial places.
Key Market Players
The key market players for U.S. outdoor LED lighting market are listed below:
• Philips Lighting Holding B.V.
• General Electric
• Cree, Inc.
• Zumtobel Group AG Eaton
By Offering (Hardware, Software, Services), Installation Type (New Installation, Retrofit Installation), Wattage Type (50-150 W, More Than 150 W, Less Than 50 W), Application (Public Places, Highway and Roadway, Architectural) Industry Trends and Forecast to 2025.
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TABLE OF CONTENTS
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET DEFINITION 9
1.3 OVERVIEW OF U.S. OUTDOOR LED LIGHTING MARKET 9
1.4 CURRENCY AND PRICING 10
1.5 LIMITATION 10
1.6 MARKETS COVERED 11
2 MARKET SEGMENTATION 12
2.1 MARKETS COVERED 12
2.2 YEARS CONSIDERED FOR THE STUDY 13
2.3 CURRENCY AND PRICING 13
2.4 RESEARCH METHODOLOGY 14
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 17
2.6 DBMR MARKET POSITION GRID 18
2.7 DBMR MARKET CHALLENGE MATRIX 19
2.8 SECONDARY SOURCES 20
2.9 ASSUMPTIONS 20
3 EXECUTIVE SUMMARY 21
4 PREMIUM INSIGHTS 23
5 MARKET OVERVIEW 25
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