Outdoor LED Lighting Market Size, Research Report With Evluma, Gooee, Philips Lighting, Zumtobel Group, OSRAM, GE, Eaton, Cree, Hubbell Incorporated, Tanko Lighting Inc, Solas Ray Lighting, Carmanah Technologies Corp. , Neptun Light, Inc.
The outdoor LED lighting market research report gives an in-depth analysis of changing scenario through extensive estimation of the key market elements. On leading intensive research on the history just as an ebb and flow development parameters of the outdoor LED lighting market, development prospects of the outdoor LED lighting market have been acquired with the most extreme identity. The report displays all the fundamental information required to shape different yielding business procedures for industry investigators, specialists, and experts to choose their business methodologies. The report is a key hotspot for picking up the market research which will exponentially accelerate your business.
Outdoor LED lighting market is expected to register a healthy CAGR of 9.3% in the forecast period of 2019 to 2026.
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The outdoor led lighting can be defined as lighting sources that used for illuminating or lighting in the outdoor space. Consumers or Municipalities deploying these light solutions in the outdoor applications for enhancing the ambience beauty and security. Moreover, these lighting solutions are highly energy-efficient, offer longer lifespan compare to traditional lighting solutions. Moreover, outdoor LED lighting solutions have lower impact on the environment. These lighting solutions used in a variety of applications such as wall washing, lighting pathways, signage lighting, area lighting and more.
Some of the prominent participants operating in outdoor LED lighting are Signify Holding (Philips Lighting), OSRAM Gmbh, General Electric, Zumbotel Group AG, Cree, Inc., Hubbell, Astute Lighting Limited, Bamford Lighting, Dialight, Eaton, Evluma Interled, Neptun Light, Inc. and Skyska. Some of the other players operating in market are
· Virtual Extension
· Tapan Solar Energy Pvt. Ltd.,
· Tanko Lighting, Inc.,
· UM Green
· Solas Ray
· Carmanah among others
To thrive in this rapidly transforming outdoor LED lighting marketplace, today’s businesses call for innovative and superlative solutions. Businesses can accomplish an unmatched insights and expertise of the best market opportunities into their relevant markets with the help of this outdoor LED lighting market research report. This market report gives clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. The outdoor LED lighting report covers market analysis, market definition, market segmentation, key developments in the market, key players or competitor analysis and detailed research methodology.
· In August, the Eaton had launched new Litepak LNC4 and Colt exterior LED luminaires for outdoor lighting. This model is suitable for schools, factories, hospitals, warehouses and retail locations. This factor help in increasing demand for this model in the outdoor purpose. This will in turn propel the growth of the market.
· In February, the company had launched its new ArcheType X Site/Area LED luminaire. The features and benefits of the new ArcheType X Site/Area include 3 sizes ARX09, ARX16 and ARX25. This model design is equipped with AGi32 software. The luminaires are available in packages from 5,140 to 39,200 plus lumens. The application areas for these are pathways, highlight traffic lanes, and walls.
· In October 2013, the company had launched the Perfect Dusk-to-Dawn LED Luminaire. This model is mainly installed in the roadway and landscape area. This model replaces 3437 lumens with 86 lumens which in turn makes these bulbs 75% more efficient than previous model. The features further help in increasing demand for such lighting for outdoor purpose.
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Market Segmentation: Global Outdoor LED Lighting Market
The global outdoor LED lighting is segmented into following notable segments that are offering, installation type, and application.
· Based on offering, the market is segmented into three notable segments such as 1) hardware 2) software and 3) services
o In September 2017, the OSRAM Gmbh had launched Mid-power LED Osconiq P 2226. This LED solution especially manufactured for outdoor applications. These applications providing for horticultural and architectural lighting related application and apart from these it also providing lighting for indoor lighting systems, which includes restaurants and hotels. These products require luminous efficacy up to 100 lm/W. This factor propels the growth of the market.
· On the basis of installation type, the market is segmented into 1) new installation 2) retrofit installation
o In March 2016, Zumtobel Group AG had launched outdoor led modular lights for nighttime cityscape illumination. This model provides reliable guidance and orientation, even at night. They offer highlighting quality, which further help in eliminating wasting resources, or increasing light pollution. This model provides both visual comfort and improves quality of life in an urban outdoor space.
· On the basis of application, the market is segmented into 1) highway and roadways, 2) architectural 3) public places.
o In January 2017, Eaton had launched halo surface mount light-emitting diode (LED) Downlight (SMD), an ultra-low profile. This light is available in the varieties of temperatures (CCTs) which includes including 2700 Kelvin (K), 3000K, 3500K, 4000K and 5000K and in a 90 color-rendering index (CRI).
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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