Outdoor LED Street Lighting Market Focuses on Growth Factors, Technological Innovation, Growth and Forecast 2021 to 2027 - Cree, LEOTEK, Hubbell, Acuity Brands, LSI

The “Outdoor LED Street Lighting” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Outdoor LED Street Lighting Market is predicted to register a CAGR of 13.75% over the forecast period 2021 – 2027.”

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Key Competitors of the Outdoor LED Street Lighting market is: Cree, LEOTEK, Hubbell, Acuity Brands, LSI Industries Inc, GE Lighting, Philips Lighting, Eaton Cooper, Osram, Kingsun, Revolution Lighting, Excellence Optoelectronics

Market Overview

LED is energy-efficient and provides a better illuminating experience than incandescent lights. Additionally, the awareness about conserving energy among consumers is driving the adoption of LED for outdoor applications.
The maintenance cost of LED lightings is significantly lower than that of incandescent lights. Hence, in countries, like China and India, the governments are encouraging the adoption of LED technology for roadway and highway applications, in order to save energy and maintenance costs.
Additionally, the demand for smart controls in street lighting systems is boosting the growth of the outdoor LED lighting market. On the other hand, the high initial investment for adopting LED lightings is restricting the market.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Outdoor LED Street Lighting market within the upcoming years.

Outdoor LED Street Lighting market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Outdoor LED Street Lighting market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Highway

Arterials

Subsidiary Road & Residential Streets

Other

Major Applications covered are:

Below 100W

100-150W

Above 150W

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Key Market Trends

The Roadway and Highway Segment to Show Significant Growth

More than half of the global population now live in urban cities, and the ratio is continuously increasing per year. Moreover, in highly dense cities, this rate is even higher. Owing to rapid urbanization, major infrastructure developments, including the construction of highways for connecting cities, are taking place. Hence, the demand for outdoor LED lightings is increasing.
LED lights consume 75% less energy and last for 25 times longer than incandescent bulbs.  They have the highest potential for saving energy and cost. Hence, replacing old lighting systems with LED lightings has been observed to be beneficial, due to which, the demand for new installations in the outdoor LED lighting market is significantly increasing.
The global LED penetration has been continuously increasing. According to Goldman Sach, it is expected to cross 60%, by 2020.

Regional market Outdoor LED Street Lighting (regional production, demand and forecast by country):

Asia-Pacific is Expected to Witness Highest Growth Rate

Asia-Pacific is currently experiencing a tremendous shift in lighting systems. Several companies operating in the region are increasingly adopting LED lighting, as compared to their counterparts, like incandescent and LFL, for use in their manufacturing plants, owing to the improved energy efficiency offered by LED lighting systems.
In India, the government has implemented a series of policies and programs to support the development of the outdoor LED lighting industry, among which, the most important is the SLNP (Street Light National Program), which is an initiative to replace 21 million streetlights with LED.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Competitive Landscape

Given below is a recent development in the market:

April 2019 - American Industrial Partners (AIP) announced the acquisition of Current, powered by General Electric, which is a startup subsidiary that offers energy management solutions for consumers. Current’s portfolio spans across LED and traditional lighting solutions, along with a wide variety of intelligent controls, sensors, and software.

Report Features:

To project the worth and sales volume of the Outdoor LED Street Lighting market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Outdoor LED Street Lighting market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Outdoor LED Street Lighting market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global Outdoor LED Street Lighting Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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