Outdoor Lighting Market: Industry Size, Share, Growth and Forecast to 2020: P&S Market Research


Posted November 19, 2015 by Jaitomar

The global outdoor lighting market is growing, due to government support, burning issue of global energy crisis, and continuous replacement of traditional outdoor lighting.

 
The global outdoor lighting market is growing, due to government support, burning issue of global energy crisis, and continuous replacement of traditional outdoor lighting. The energy consumption in the progressing global economy is expected to increase, especially with the growing energy demand of developing countries, such as China and India. Also, the risk of climate change associated with the use of fossil fuels has made supply of energy difficult. A shift towards light emitting diode (LED) lighting and high intensity discharge (HID) lamps can be seen in the outdoor applications, due to government support and longer lifetime offered by these technologies. The Government of China supports the installation of outdoor LED lighting, which is supporting the growth of the global outdoor lighting market.

Explore more about Global Outdoor Lighting Market at: https://www.psmarketresearch.com/market-analysis/outdoor-lighting-market

The changing paradigm of lighting industry to electronics industry is one of the opportunities for the growth of the global outdoor lighting market. With the arrival of smart technologies in the lighting industry, various gateways have been opened for several industries, such as control systems, dimmers, software based solutions, and sensors. The scenario of lighting industry has been completely transformed, with the integration of modern technologies in it. However, the high maintenance cost of outdoor lighting is restraining the growth of the outdoor lighting market. The Asia-Pacific outdoor lighting market is expected to grow with the highest rate during the forecast period. The high growth rate of Asia-Pacific outdoor lighting market over other regions is due to strong economic growth and increasing affordability of LED lighting.
HID lamps are generally used in the areas, where high intensity of light and high energy efficiency is required. Large public areas, such as stadiums, parking lots, outdoor activity areas, roadways, and pathways are some of the areas, where HID lamps are used. The HID market is growing with a slow rate and has a small market size, due to several disadvantages of the HID lamps, such as longer time to cool down and restrike when power is disrupted. Moreover, HID lamps consume some time to warm up, while starting. Plasma lamp is an advanced technology having capability to light-up large outdoor areas. The plasma lamps market in outdoor applications is expected to grow with a significant rate after LED lightings technology. Since, plasma lamps offer high luminaire efficiency and long life span than traditional LED and HID technologies, while they are more suitable for roadways application.

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Fixture accounts for a larger market share among the technologies of the outdoor lighting market, and is expected to maintain its position during the forecast period. The market for controls is growing at a faster rate, as compared to that of fixtures. Due to inherently controllable character of solid state lights, the usage of controls is increasing with downfall in the price of LED lights.

Browse Related Market Research at: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics

Some of the companies operating in the outdoor lighting market are Zumtobel Group AG, OSRAM Licht AG, Lamps Plus Inc., and Acuity Brands Inc.
Global Outdoor Lighting Market Segmentation
By Lighting Type
 Light Emitting Diode (LED)
 Fluorescent Light
 Compact Fluorescent Lamps (CFL)
 High Intensity Discharge (HID) Lamps
 Plasma Lamps
By Technology
 Fixture
 Control
By Application
 Highways
 Stadiums
 Parking Lots
 Tunnel Lights
 Street Lighting
By Geography
 North America
 Europe
 Asia -Pacific
 ROW

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Issued By P&S Market Research
Country United States
Categories Business , Consumer , Electronics
Tags global outdoor lighting market , outdoor lighting market
Last Updated November 19, 2015