U.S. Outdoor Light-Emitting Diode (LED) Lighting Market - Industry Trends and Forecast to 2029

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U.S. Outdoor Light-Emitting Diode (LED) Lighting Market - Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
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  • Jan 2022
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U.S. Outdoor 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)-Industry Trends and Forecast to 2029

Market Analysis and Insights U.S. Outdoor Light-Emitting Diode (LED) Lighting Market

The outdoor light-emitting diode (LED) lighting market is expected to witness market growth at a rate of 7.6% in the forecast period of 2022 to 2029. Data Bridge Market Research report on outdoor light-emitting diode (LED) lighting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need for energy-efficient lighting systems for highways is escalating the growth of outdoor light-emitting diode (LED) lighting market.

Outdoor light-emitting diode (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.

Major factors that are expected to boost the growth of the outdoor light-emitting diode (LED) lighting market in the forecast period are the rise in the demand for LED lighting due to the modernisation and development of infrastructures such as economic corridors and smart cities. Furthermore, the growing demand of enhancing the visibility and safety of drivers and pedestrians, decrease in the prices of LED, high demand for smart controls in street lighting systems is further anticipated to propel the growth of the outdoor light-emitting diode (LED) lighting market. On the other hand, dearth of awareness about the installation cost for smart lighting and payback periods and improvement associated with laser lights as an alternative technology is further projected to impede the growth of the outdoor light-emitting diode (LED) lighting market in the timeline period.

In addition, the development of wireless technology, rising use of IoT technology in smart street lighting and smart city projects will further provide potential opportunities for the growth of the outdoor light-emitting diode (LED) lighting market in the coming years. However, lack of consumer ownership associated with utility owned street-lightning and sudden rise in the cost involved in product testing might further challenge the growth of the outdoor light-emitting diode (LED) lighting market in the near future.

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.

U.S. 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.

  • On the basis of offering, the outdoor light-emitting diode (LED) lighting market is segmented into hardware, software and services.
  • On the basis of installation type, the outdoor light-emitting diode (LED) lighting market is segmented into retrofit installation and new installation.
  • On the basis of wattage, the outdoor light-emitting diode (LED) lighting market is segmented into less than 50-watt, 50-150 watt, and more than 150 watt.
  • On the basis of application, the outdoor light-emitting diode (LED) lighting market is segmented into highway and roadway, architectural and public places and others.

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 others.

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