Global Outdoor Light-emitting Diode (LED) Lighting Market, By Offering (Hardware, Software, Services), Installation Type (Retrofit installation and New installation), Wattage (Less than 50 watt, 50-150 Watt, More than 150 Watt), Application (Highway and Roadway, Architectural and Public Places, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses the outdoor light-emitting diode (LED) lighting market will exhibit a CAGR of 13.10% for the forecast period of 2021-2028 and is expected to reach the USD 34.85 billion by 2028.
Outdoor LED lighting can be defined as light sources intended to illuminate or illuminate an outdoor space. Consumers or cities are deploying these lighting solutions in outdoor applications to enhance the beauty and safety of their environment. In addition, these lighting solutions are very energy efficient, providing a longer lifespan than traditional lighting solutions. In addition, outdoor LED lighting solutions have a lower impact on the environment. These lighting solutions are used in a variety of applications such as walkway lighting, signage lighting, wall lighting, area lighting and more.
The increasing demand for LED lighting due to the modernisation and development of infrastructures such as economic corridors and smart cities will influence the growth of outdoor LED lighting market. Furthermore, requirement of improving the visibility and safety of drivers and pedestrians, decrement in the prices of LED, high demand for smart controls in street lighting systems and rising need for energy-efficient lighting systems for highways will enhance the market growth rate.
Development of wireless technology, growing use of IoT technology in smart street lighting and smart city projects will further create beneficial opportunities for the growth of the market.
However, lack of awareness about the installation cost for smart lighting and payback periods and improvement associated with laser lights as an alternative technology are the factors that will act as restraints for the growth of outdoor LED lighting market. Lack of consumer ownership associated with utility owned street-lightning and sudden rise in the cost involved in product testing will challenge the growth of the market.
This outdoor light-emitting diode (LED) lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on outdoor light-emitting diode (LED) lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Outdoor Light-emitting Diode (LED) Lighting Market Scope and Market Size
The outdoor light-emitting diode (LED) lighting market is segmented on the basis of offering, installation type, wattage and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The outdoor light-emitting diode (LED) lighting market on the basis of offering is segmented into hardware, software and services.
- Based on installation type, the outdoor light-emitting diode (LED) lighting market is segmented into retrofit installation and new installation.
- Based on wattage, the outdoor light-emitting diode (LED) lighting market is segmented into less than 50 watt, 50-150 watt, and more than 150 watt.
- Based on application, the outdoor light-emitting diode (LED) lighting market is segmented into highway and roadway, architectural and public places and others.
Outdoor Light-emitting Diode (LED) Lighting Market Country Level Analysis
The outdoor light-emitting diode (LED) lighting market is analysed and market size, volume information is provided by country, offering, installation type, wattage and application as referenced above.
The countries covered in the outdoor light-emitting diode (LED) lighting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the outdoor light-emitting diode (LED) lighting market and will continue to flourish its trend of dominance due to the rising urbanisation and increasing modernisation and development of infrastructures such as economic corridors and smart cities. Europe are expected to grow during the forecast period of 2021-2028 due to the increase in the construction of smart homes in this region.
The country section of the outdoor light-emitting diode (LED) lighting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Outdoor Light-emitting Diode (LED) Lighting Market Share Analysis
The outdoor light-emitting diode (LED) lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to outdoor light-emitting diode (LED) lighting market.
The major players covered in the outdoor light-emitting diode (LED) lighting market report are GENERAL ELECTRIC, CREE WOLFSPEED, Zumtobel Group, Signify Holding, OSRAM Gmbh, Hubbell, Astute Lighting Ltd, NEPTUN LIGHT, INC., SYSKA, Dialight, Eaton, Evluma, and OSRAM among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.