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Global Outdoor LED Lighting Market
By Installation Type (New, Retrofit), End Use Application (Highways & Roadways, Architectural, Public Places), Offering (Hardware, Software & Services), Wattage Type and Regional Market Size, Status and Forecast to 2025
The global Outdoor LED Lighting Market was valued at USD 8.93 billion in 2016 and is projected to reach USD 28.25 billion by 2025, growing at a CAGR of 13.65% from 2017 to 2025.
LED lamps have a lifespan and electrical efficiency which are several times greater than incandescent lamps, and are significantly more efficient than most fluorescent lamps, also they are widely being used because the energy efficient properties. The market is expected to grow in the coming years.
1. Market Drivers
1.1 Need for Improvement in Visibility and Safety of Drivers, and Pedestrians
1.2 High Demand for LED Lighting Driven By the Modernization and Development of Infrastructures Such as Smart Cities and Economic Corridors
1.3 Requirement of energy efficient light systems for highways
1.4 Reduction in LED pricing
1.5 Need for Smart controls in lightining systems used on streets
2. Market Restraints
2.1 Lack of awareness
2.2 Availability of alternative technologies such as laser
1. Global Outdoor LED Lighting Market, by Component of Wattage Type:
1.1 Less Than 50 W
1.2 50-150 W
1.3 More Than 150 W
2. Global Outdoor LED Lighting Market, by Installation Type:
2.1 New Installation
2.2 Retrofit Installation
3. Global Outdoor LED Lighting Market, by Offering:
3.1.3 Control Systems
3.3.1 Pre Installation services
3.3.2 Post Installation Services
4. Global Outdoor LED Lighting Market, by End-Use Application:
4.1 Highway and Roadway
4.3 Public Places
4.3.2 Airport Perimeters
4.3.3 Parking Structures
4.3.4 Stadium and Area Floodlighting
4.3.6 Others (Public Places)
5. Global Outdoor LED Lighting Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Philips Lighting Holding B.V.
2. General Electric Company
3. Osram Licht AG
4. Cree, Inc.
5. Eaton Corporation PLC
6. Hubbell Incorporated
7. Dialight PLC
8. Zumtobel Group AG
9. Syska LED
10. Virtual Extension
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Outdoor LED Lighting Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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