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2023 Outdoor LED Lighting Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include CREE Inc., Dialight PLC., General Electric Co., Osram Licht AG, Signify N.V.
Outdoor LED Lighting Market
Outdoor LED Lighting Market Size, Growth Rate, And Forecast
The global outdoor LED lighting market is expected to grow from $22.84 billion in 2022 to $26.59 billion in 2023 at a compound annual growth rate (CAGR) of 16.41%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The outdoor LED lighting market is expected to grow to $47.66 billion in 2027 at a CAGR of 15.71%.
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Outdoor LED Lighting Market Drivers
Outdoor led lighting is an illuminating device for outdoor lighting or reflecting surfaces. It can be permanently mounted or portable, and used for illumination, decoration, or advertisements. These lights are intended to be used for city road illumination, periphery lighting, heritage area outdoor lighting, and urban landscape lighting.
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Outdoor LED Lighting Market Segments
• By Offering: Hardware, Software, Services
• By Communication: Wired, Wireless
• By Installation: New, Retrofit
• By Sales Channel: Retail Or Wholesale, Direct Sales, E-Commerce
• By Application: Streets And Roads, Architecture And Urban Landscape, Sports And Large Area, Tunnels, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Outdoor LED Lighting market.
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Outdoor LED Lighting Market Key Players
Major competitors in the Outdoor LED Lighting market include CREE Inc., Dialight PLC., General Electric Co., Osram Licht AG, Signify N.V., Syska Led Lights Pvt. Ltd., Zumtobel Group AG, Acuity Brands Lighting Inc., Panasonic Corporation, Hubbell Inc., Virtual Extension Ltd
The Business Research Company's "Global Outdoor LED Lighting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Outdoor LED Lighting Market Include:
1. Executive Summary
2. Outdoor LED Lighting Market Characteristics
3. Outdoor LED Lighting Market Trends And Strategies
4. Outdoor LED Lighting Market - Macro Economic Scenario
5. Outdoor LED Lighting Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Outdoor LED Lighting Market
29. Outdoor LED Lighting Market Future Outlook and Potential Analysis
30. Appendix
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