LED Street Light Market 2019: COVID-19 Impact Analysis, Industry Overview, Growth Rate, Trends, Opportunities and Forecast

LED street lights are considered the most energy efficient and cost-effective lighting solution for several outdoor lighting applications. As compared to the conventional lighting options such as fluorescent and incandescent lights, these lights use almost 50-70% less electricity. Moreover, this type of lighting system is recyclable; contains no harmful gases and substances like mercury, lead or other hazardous chemicals; involves lesser maintenance and waste management procedures; and has longer lifespan as compared to other lighting systems. As a result of these factors, LED street lights are extensively being used for a number of applications. Some of the places where LED street lights are used include urban areas, small-town main streets, commercial districts, industrial parks, interstate highway interchanges and rural inter sections.

Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/led-street-light-manufacturing-plant/requestsample

Market Trends

Government initiatives have helped in contributing to the growth of the market. For Instance, the Indian government has launched various schemes for the distribution of LED bulb under domestic efficient lighting programme. Apart from this, the New York State Energy Research and Development Authority (NYSERDA) project aims at creating more affordable pathway to LED street light conversion in the United States of America. The initiative like these are expected to bring a positive growth in the global LED street light market in the coming years.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/led-street-light-manufacturing-plant

Market Segmentation

Application:

Residential Street Lighting
Highways and Interchanges
Railway Crossings
Tunnels
Bridges
Housing Complexes and Warehouses

Regions:

India
China
Europe
United States
Japan
Brazil
Russia

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert https://www.imarcgroup.com/request?type=report&id=725&flag=C

Some of the major players operating in the industry include Nichia Corporation, Osram (OSR), Samsung Electronics Co., Ltd. (SSNLF), Eerlight Electronocs and LG Innotek.

Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

This release was published on openPR.