According to the recent study the outdoor led lighting market is projected to grow at a CAGR of 19% from 2019 to 2024. Growth in this market is primarily driven by 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.
Retrofit is the largest segment. Within the outdoor LED lighting market, highways and roadways, architectural, and public places are the major applications.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in outdoor led lighting market by wattage type (less than 50W, between 50W and 150W, more than 150W), application (highways & roadways, architectural, public places, others), installation type (new and retrofit), and region (North America, Europe, Asia Pacific, and Rest of the World (ROW)).
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“Retrofit market is expected to remain the largest segment during the forecast period.”
Based on installation type, the outdoor led lighting market is segmented into new and retrofit. Lucintel forecasts that the retrofit market is expected to remain the largest segment.
“Asia Pacific will dominate the outdoor led lighting market in near future.”
Asia Pacific is expected to be the largest region over the forecast period.
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Major players of outdoor led lighting market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Teledyne e2v, Northrop Grumman Corporation, Thorlabs., Iris AO, Adaptica S.R.L., Active Optical Systems, Flexible Optical, Imagine Optic, Boston Micromachines Corporation, and PHASICS CORP are among the major outdoor led lighting providers.
This unique 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 [email protected]
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