According to a market report by Lucintel, the future of the outdoor LED lighting market looks promising with opportunities in the highways and roadways, architectural, and public places. The outdoor LED lighting market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth drivers for this market are development smart cities and economic corridors, need for energy-efficient lighting systems for highways, reduction in prices of LEDs, and demand for smart controls in street lighting systems.
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In this market, new and retrofit are the major installation type. Retrofit is the largest segment. Within the outdoor LED lighting market, highways and roadways, architectural, and public places are the major applications.
APAC will remain the largest market over the forecast period.
Philips Lighting Holding, Eaton Corporation, Cree, General Electric Company, Osram Licht, Acuity Brands, Hubbell Incorporated, Zumtobel, Legrand, and Thorn Lighting are among the major manufacturers of outdoor LED Lighting
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the outdoor LED Lighting market by wattage type, application, installation and region. Lucintel has prepared a comprehensive research report titled “Outdoor LED Lighting Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the outdoor LED lighting market by wattage type, application, installation and region as follows:
By Wattage Type [$M shipment analysis for 2013 – 2024]:
Less than 50W
Between 50W and 150W
More than 150W
By Application [$M shipment analysis for 2013 – 2024]:
Highways & Roadways
Architectural
Public Places
Others
By Installation [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/outdoor-led-lighting-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.