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Outdoor LED Lighting Market Expected To Grow

The Global Outdoor LED Lighting Market accounted to $26 billion in 2016 growing at a CAGR of 12.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Also the Global Outdoor LED Lighting Market By Installation Type (New Installation, Retrofit Installation) By wattage type (Less Than 50 W, 50–150 W, More Than 150 W), By Application {Highway and Roadway, Architectural, Public Places (Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places)}By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.

Light-emitting diodes (LEDs) are lighting sources for general lighting applications with ten times as efficient as compared to incandescent lighting. Such attribute combined with their long working life and reliability has made them the suitable choice for next generation of lighting systems including emergency, backlight, automotive, indoor and outdoor. The latest trend in this market are development in the power efficient LED lights, decrease use of high power consuming incandescent lamps as they make burden on consumer pocket by generating more electricity bill. There is need of LED lighting for several applications like Highway and Roadway,Architectural, Public Places (Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places) will create a huge market for the outdoor LED Lighting.

Outdoor LED Lighting Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

Some of the major players operating in outdoor LED lighting market arePhilips Lighting Holding B.V., General Electric Company,Osram Licht AG, Cree, Inc., Eaton Corporation PLC, Hubbell Incorporated,Dialight PLC,Zumtobel Group AG,Syska LED, Virtual Extension,Neptun Light, Inc.,Tapan Solar Energy Pvt. Ltd.,Tanko Lighting, Inc.,Evluma, GOOEE, UM Green, Solas Ray, Carmanahamong others.In 2017, Osram Licht AG acquired China’s Green light, which will help the company to grow in chins.


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