Press release
Outdoor Lighting Market Trend Shows a Rapid Growth, Competitive Analysis, Future Prospects And Forecast 2027 | Cree, Inc., Eaton Corporation, General Electric Company
Outdoor Lighting Market
Outdoor lighting is used to improve the visual performance of outdoor human activities. It is used to illuminate public landscapes and gardens for accessibility, security, safety, sports, nighttime aesthetics, social events, etc. An increase in demand for energy-efficient light and a limited supply of energy drives the growth of efficient outdoor lighting market across the globe. The expansion of smart cities has encouraged the implementation and adoption of smart outdoor lighting solutions are also accelerates the growth of the outdoor lighting market.
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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Outdoor Lighting Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.
Top Key Players:-
1. Cree, Inc.
2. Eaton Corporation
3. General Electric Company
4. Hubbell Incorporated
5. Kichler Lighting LLC
6. Legrand
7. OsRam Licht AG
8. Signify Holding
9. Wipro Lighting
10. Zumtobel Group
Expansion of highways, streets, signage, stadiums, gas stations, bridges, parks, tunnels, parking lots, and airfields are influencing the growth of the outdoor lighting market. Growing urbanization, favorable government policies, and implementation and adoption of smart outdoor lighting solutions are triggering the growth of the outdoor lighting market. Moreover, the integration of IoT technology in lighting solutions and a wide range of adoption of energy-efficient lightning provide a lucrative opportunity for the market player of the outdoor lighting market.
The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Outdoor Lighting Market.
Market Segmentation:
On the basis of Type:
• LED
• HID
On the basis of Application:
• Highways
• Parking lots
• Stadiums
• Tunnels
• Building exteriors
This report focuses on the global Outdoor Lighting market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Outdoor Lighting market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
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– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Outdoor Lighting Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends Outdoor Lighting Market, thereby allowing players to develop effective long term strategies.
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