Global Exterior Lighting Wall Light Market Marked by Increased Focus on Energy-efficient Lighting Options

Albany, New York, June 23, 2016: The rapidly changing and complex global market for exterior lighting wall lights is the focus of analysis of a recent market intelligence report added to the vast portfolio of Market Research Hub (MRH). The report gives comprehensive insights into the present state of this market and contains several forward-looking statements regarding the potential growth prospects of crucial elements and segments of the market.

The 158-page extensive report, titled “Global Exterior Lighting Wall Light Industry 2016, Trends and Forecast Report,” has been prepared with the help of primary and secondary research methodologies. Industry and consumer surveys and inputs from industry experts have been extensively used for this study.

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The report examines the market with a ground-up approach, beginning with details regarding industry specific definitions of exterior lighting wall lights, major product types in the market and key application areas. Qualitative and quantitative data pertaining to specifics such as the industry chain, industry development over the study’s review period, forecast pertaining to market’s future developmental prospects, and import and export scenario have also been included in the report.

The report gives a detailed overview of the key drivers, restraints, and trends in the market that are projected to have a major influence on the present and future development of the market. One of the most influential trends in the market witnessed in the past few years is the steady transition of the lighting industry from traditional lighting technologies to the LED (light emitting diode) technology.

However, global events such as the recent financial crisis, which has especially hit Europe hard, have negatively impacted the global lighting market. Regulations have also become extremely stringent across the globe, driving the integration of energy-efficient lighting options such as LEDs and CFLs (compact florescent lamps) in conventional lighting networks. Government bodies have become more involved in the process of promoting the increased use of energy efficient lightings and phasing out extremely power consuming lighting options such as incandescent light bulbs.

For outdoor exterior or outdoor lighting wall lights, LED have become the most popular options across the globe. Speeding up the uptake of LED lightings for outdoor wall light applications is also the factor of low prices of LED lights. Affordability and energy-efficiency of these lightings have made them the choicest option, especially for the developing parts of the globe.

The report examines the impact of such macroeconomic factors on the future state of the global exterior lighting wall lights market. The report also examines the regulatory scenario and its impact on the market’s growth prospects over the forecast period for key regional markets.

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Detailed insights into the competitive landscape of the global exterior lighting wall light market have also been given in the report with the help of business profiles of the most influential vendors in the market.

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

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This release was published on openPR.