Global Outdoor LED Lighting Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

Global outdoor LED lighting market is projected to register a healthy CAGR of 9.3% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Drivers : Global Outdoor LED Lighting Market

  • Rising demand for cost-efficient lights
  • Stringent government regulation regarding energy consumption

Restraints

  • Availability of substitutes
  • Lack of power facility

Opportunities

  • Adoption of smart and wireless LED
  • High efficacy LED

Challenge

  • High initial cost

Market Trends:

  • On the basis of offering, the market is segmented into hardware, software, and services. The hardware segment holds the largest market share.
  • On the basis of installation type, the market is segmented into new installation and retrofit installation
  • On the basis of application, the market is segmented into highway and roadways, architectural and public places

Major Players: Global Outdoor LED Lighting Market

Some of the prominent participants operating in Middle East and Africa outdoor LED lighting market are Signify Holding (Philips Lighting),OSRAM Gmbh, General Electric, Zumbotel Group AG, Cree, Inc., Hubbell, Astute Lighting Limited, Bamford Lighting, Dialight, Eaton, Evluma Interled ,Neptun Light, Inc. and Skyska.