Press release
Rising Adoption of Cost-Efficient Products Strengthening the Outdoor Lighting Market Growth
Light-emitting diode (LED) lights, high-intensity discharge (HID) lamps, plasma lamps, and fluorescent lights are the various categories when the outdoor lighting market is segmented by lighting type.
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Valued in 2017 at $8,740.0 million by P&S Intelligence, the domain is expected to advance through the forecast period 2018–2023 at a CAGR of 8.0%, eventually generating a $14.2 billion revenue.
By definition, the domain includes lights used to illuminate all outdoor settings, including highways and roads, gardens, parking lots, stadiums, and tunnels.
However, during the forecast period, LED lights will witness the highest CAGR to become the market leader. As LED lights are energy-efficient, they are finding immense government support in countries, including China, India, the U.S., and Germany.
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Therefore, it is clear that the growing adoption of LED lights will be one of the major growth factors for the sector in the coming years.
Global Outdoor Lighting Market Segmentation
Market Segmentation by Lighting Type
High Intensity Discharge (HID) Lamps
Light Emitting Diode (LED) Lights
Fluorescent Lights
Plasma Lamps
Market Segmentation by Component
Fixture
Control
Read more related reports :
APAC Outdoor Lighting Market : http://bit.ly/2KleQ2s
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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