Press release
Smart Outdoor Lighting Market Performance Analysis 2019-2026 | Current Trends and Future Estimations
Artificial lighting incorporated to maintain or to improve visual performance for outdoor human activities is known as outdoor lighting. These are used to illuminate public landscapes and gardens for the purpose of safety, security, accessibility, nighttime aesthetics, sports, and social events.
Outdoor Lighting Market: Growth Drivers
The Outdoor lights are used on the bridges, streets, parks, stadium highways, tunnels, and parking lots.
With the increase in demand for energy-efficient light and limited supply of energy drives the market toward cost-effectiveness, which boosts the growth of efficient outdoor lighting across the globe.
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The outdoor lighting market is expected to witness robust growth during the forecast period. The expansion of smart cities has encouraged the implementation and adoption of smart outdoor lighting solutions enabling remote control of all the lighting points with the help of IoT technology.
Outdoor lighting finds its application in highways, streets, stadiums, signage, and gas stations.
Expansion of smart cities, highways, stadiums, and airfields augments the outdoor lighting market growth.
Furthermore, an increase in urbanization, favorable government policies, and high cost-saving to create high demand for outdoor lighting in the upcoming year.
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Integration of IoT technology in smart lighting solutions, smart city projects and energy efficiency in developing economies to provide lucrative opportunities for the Connected Outdoor Lighting.
Connected Outdoor Lighting: Top Players
Key players profiled in the Connected Outdoor Lighting industry include Philips Lighting Holding B.V.; Eaton Corporation; Cree Inc.; General Electric Company; Osram Licht AG; Acuity Brands, Inc; Hubbell Incorporated; Zumtobel Group; ABB Group; Legrand; Thorn Lighting; Syska LED; Ligman Lighting; LED Roadway Lighting; Kingsun Optoelectronic Co, Ltd; Evluma; Tanko Lighting; GOOEE; Neptune Light; Dialight; Rab Lighting; Nvc Lighting Holding Ltd; Daisalux; Virtual Extension; Agilight, Inc.
Outdoor Lighting Market: Segmentation
The outdoor lighting market is segmented into type, application, and region.
Based on type, the market is classified into LED, HID and others. Based on the application, the market is categorized into highways, parking lots, stadiums, tunnels, building exteriors, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
This study includes the analytical depiction of the global outdoor lighting market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding the key drivers, restraints, and opportunities.
The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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