The Global Outdoor LED Lighting Market Will Grow to USD 43.96 Million by 2026, at a CAGR of 15.1% – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Outdoor LED Lighting Market (2021-2026) by Offering Type, Installation Type, Wattage Type, End-Use Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Outdoor LED Lighting Market is estimated to be USD 21.76 Bn in 2021 and is expected to reach USD 43.96 Bn by 2026, growing at a CAGR of 15.1%.
The Global Outdoor LED Lighting Market Growing demand for outdoor LED lighting is associated with developing and modernizing infrastructures such as smart cities and economic corridors, reducing LED prices. Increasing demand for smart control in street lighting systems drives the market’s growth.
Additionally, the growing need to improve driver and pedestrian safety and visibility in roadways, highways, architecture, public places, and others is fuelling the market’s growth. On the other hand, lack of awareness for innovative lighting installation cost and payback and developing laser light technology as a substitute solution restrict the market’s growth.
Furthermore, developing wireless and Internet of Things (IoT) technologies in smart street lighting in smart city projects and increasing energy efficiency adoption in emerging economies will create potential opportunities for the market to grow in the forecasted period.
Moreover, the lack of appropriate standards for consumer ownership in utility-owned street lighting and the rising cost for product testing is a challenge that may negatively hamper the market’s growth.
Market Segmentation
- The Global Market is segmented further based on Offering Type, Installation Type, Wattage Type, End-Use Type, and Geography.
- By Offering Type, the market is classified into Hardware, Software, and Service.
- By Installation Type, the market is classified into New and Retrofit.
- By Wattage Type, the market is classified into less than 50W, Between 50W and 150W, and more than 150W.
- By End-Use Type, the market is classified into Architectural, Highways & Roadways, Public Places (includes Airport Perimeters, Commercials, Entertainment, Parking Structures, and Stadium and Area Floodlighting), and Others.
- By Geography, Asia Pacific is projected to lead the market.
Recent Developments
1. Dialight plc launched ProSite LED Floodlight available for non-hazardous as well as hazardous locations models by offering maximum protection against dust, water, vibration, and debris-August 16, 2021
2. ams OSRAM partnership with ViewSonic Corp for latest LS600W WXGA LED Projector, a brightness WXGA Lamp-Free Projector for business and education-July 19, 2021
3. Signify Holding B.V. partnership with National Hockey League for the transition of sustainable LED and connected lighting by improving energy efficient-March 24, 2021
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Outdoor LED Lighting Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Market Influencers
Drivers
- Growing Demand due to Developing and Modernising Infrastructure
- Increasing Demand for Smart Control Lighting System
- Escalating Need for Improving Drive’s Safety and Visibility
Restraints
- Lack of Awareness for Installation Cost and Payback Periods
- Developing Laser Light Technology Solutions
Opportunities
- Developing Wireless and IoT Technologies in Smart Lighting Projects
- Increase in Adoption of Energy-Efficiency in Emerging Economies
Challenges
- Lack of Appropriate Standards for Consumer Ownership
- Rising Cost for Product Testing
Companies Mentioned
- ABB Ltd
- Acuity Brands, Inc
- Astute Lighting
- Bamford Lighting Ltd
- Daisalux
- Dialight plc
- Eaton Corporation plc
- Everlight Electronics Co Ltd
- Evluma
- General LED, Inc
- Gooee
- Halco Lighting Technologies
- Hubbell Incorporated
- Kingsun Optoelectronic Co Ltd
- LED Roadway Lighting Ltd
- Legrand
- LIGMAN Lighting Co Ltd
- Masco Corporation
- Neptune Light, Inc
- Nichia Corporation
- NVC International Holdings Limited
- OSRAM Licht AG
- Panasonic Corporation
- RAB Lighting, Inc
- Samsung Electronics Co Ltd
- Signify Holding B.V
- SYSKA LED
- Tanko Lighting, Inc
- Tapan Solar Energy Pvt Ltd
- The Zumtobel Group
- Virtual Extension
-
Wolfspeed, Inc
For more information about this report visit https://www.researchandmarkets.com/r/ipxvx
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
