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Pune, India, 23 September 2019, MRFR Press Release/-Market Research Future published a half-cooked research report on the global outdoor lighting market.
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Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to a number of smat city initiatives, growing smart building market, and many other development projects. China, Japan, Taiwan, and India are expected to dominate the market and Australia, Singapore, and New-Zealand are expected to grow at steady rate during forecast period. Europe is expected to dominate the outdoor lighting market during the forecast period. Government initiatives regarding smart lighting control systems are expected to drive the market in European countries. Germany, the UK, the Netherlands, Sweden, Italy, and France are expected grow at a high rate during forecast period. However, Portugal, Norway, Switzerland, and Rest of Europe are expected grow at stable rate during forecast period. The Middle East and Africa and South America segment is expected to grow at stable rate during forecast period.
In July 2019, Evluma launched a higher-performance OmniMax LED replacement lamp for decorative streetlights. This lamp offered built-in Bluetooth connectivity and instant dimming. This lamp carries 20kv/10kA surge protection, active cooling, and comes with a 10-year warranty.
In August 2018, Cree Inc. launched XLamp XP-G3 S Line LED with high-power LED technology for long lifespan designed for industrial, parking, and roadway applications. This lamp provides better reliability through dimming and switching cycles and improved resistance to sulfur exposure and high light output.
Municipality of Gdansk-Zaspa- Park JPII, located in Pomerania, implemented a street lighting project for environment projection and water management. However, dimming and control measures are implemented to save energy and reduce the total operational hours of the system.
The global outdoor lighting market consists of various global, regional, and local service providers who are continuously evolving their product portfolio to enhance their market positions. The major players are likely to strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding the reach of their solutions during the review period. Improvements in the global economic scenario combined with technological advancements in the emerging economies in India, South Africa, China, Brazil, and Argentina, are likely to fuel the market growth, thereby making it an ideal time for the vendors to expand the outdoor lighting market to untapped geographies and increase the market share.
Therefore, vendors must develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market.
The key players in the outdoor lighting market are Philips Lighting Holding B.V.(The Netherlands), General Electric Company (US), Osram Licht AG (Germany), Cree, Inc. (US), Eaton Corporation PLC (Ireland), Hubbell Incorporated (US), Dialight PLC (US), Zumtobel Group AG (Austria), Syska (India), Virtual Extension (Israel), Evluma (US) Halco Lighting Technologies (US), and Masco Corporation (US) among others.
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