U.S. Light Emitting Diode (LED) Outdoor 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), Industry Trends and Forecast to 2029.
Market Analysis and Insights U.S. Light Emitting Diode (LED) Outdoor Lighting Market
Data Bridge Market Research analyses the light emitting diode (LED) outdoor lighting market will exhibit a CAGR of 16.0% for the forecast period of 2022-2029.
The light emitting diode (LED) outdoor 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, Light Emitting Diode (LED) Outdoor 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 Light Emitting Diode (LED) Outdoor 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 Light Emitting Diode (LED) Outdoor 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 light emitting diode (LED) outdoor 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 Light Emitting Diode (LED) Outdoor 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.
U.S. Light Emitting Diode (LED) Outdoor Lighting Market Scope and Market Size
The light emitting diode (LED) outdoor 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.
- On the basis of offering, the light emitting diode (LED) outdoor lighting is segmented into hardware, software and services.
- On the basis of installation type, the light emitting diode (LED) outdoor lighting market is segmented into retrofit installation and new installation.
- On the basis of wattage, the light emitting diode (LED) outdoor lighting market is segmented into less than 50 watt, 50-150 watt, and more than 150 watt.
- On the basis of application, the light emitting diode (LED) outdoor lighting market is segmented into highway and roadway, architectural and public places and others.
- The country section of the light emitting diode (LED) outdoor 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 U.S. 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 Light Emitting Diode (LED) Outdoor Lighting Market Share Analysis
The light emitting diode (LED) outdoor 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, U.S. 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 Light Emitting Diode (LED) Outdoor Lighting market.
The major players operating in the light emitting diode (LED) outdoor 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 U.S. players. Market share data is available for U.S., 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.
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