>North America Outdoor Light Emitting Diode (LED) Lighting Market, By Offering (Hardware, Software and Services), Installation Type (Retrofit and New installation), Wattage (Less than 50 Watt, 50-150 Watt, and more than 150 Watt), Application (Highway and Roadway, Architectural and Public Places, and Others), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights of Outdoor Light Emitting Diode (LED) Lighting Market
Growing focus on the technological advancements by the major manufacturers, rising demand for light emitting diodes especially in the developing economies, and increasing awareness about the benefits of light emitting diodes such as superior performance and low consumption of energy are the major factors attributable to the growth of the outdoor light emitting diode (LED) lighting market. Data Bridge Market Research analyses that the outdoor light emitting diode (LED) lighting market will exhibit a CAGR of 9.05% for the forecast period of 2021-2028.
Outdoor lighting refers to the lighting that is used to illuminate the outdoor space or area. LEDs are extensively being used for outdoor lighting purposes owing to their high energy efficiency and long life span properties. The outdoor light emitting diode (LED) lighting has a lower impact on the environment as compared to traditional lights.
Rising globalization and growth in the introduction of innovative LED lighting products will emerge as the major market growth driving factor. Growing rate of industrialization especially in the developing economies, surging awareness about conserving energy among the consumers and growth and expansion of semiconductors industry will further aggravate the market value. Growing demand for smart controls in street lighting systems and increasing expenditure on the development of outdoor infrastructure especially in the emerging economies will further carve the way for the growth of the market.
However, dearth of knowledge and technological expertise and lack of awareness in the backward economies will act as a growth restraint for the market. High costs associated with the initial investment will further dampen the growth rate of the market. Dearth or lack of standardization and fluctuations in the prices of raw materials will further challenge the market growth rate.
This outdoor light emitting diode (LED) lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on outdoor light emitting diode (LED) lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Outdoor Light Emitting Diode (LED) Lighting Market Scope and Market Size
The outdoor light emitting diode (LED) lighting market is segmented on the basis of offering, installation type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of offering, the outdoor light emitting diode (LED) lighting market is segmented into hardware, software, and services.
- On the basis of installation type, the outdoor light emitting diode (LED) lighting market is segmented into new installation and retrofit installation.
- On the basis of application, the outdoor light emitting diode (LED) lighting market is segmented into highway and roadways, architectural and public places.
North America Outdoor Light Emitting Diode (LED) Lighting Market Country Level Analysis
The outdoor light emitting diode (LED) lighting market is analysed and market size, volume information is provided by country, offering, installation type, and application as referenced above.
The countries covered in the outdoor light emitting diode (LED) lighting market report are U.S., Canada, and Mexico.
U.S, in North America dominates the outdoor light emitting diode (LED) lighting market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing expenditure on the development of outdoor infrastructure, declining manufacturing cost of LEDs and the increasing demand for energy-efficient and sustainable lighting.
The country section of the outdoor light emitting diode (LED) lighting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Outdoor Light Emitting Diode (LED) Lighting Market Share Analysis
The outdoor light emitting diode (LED) lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to outdoor light emitting diode (LED) lighting market.
The major players covered in the outdoor light emitting diode (LED) lighting market report are OSRAM SYLVANIA Inc., Cree, Inc., Hubbell., Dialight., Eaton., Signify Holding., GENERAL ELECTRIC COMPANY, Zumtobel Group, Astute Lighting, Bamford Lighting, Evluma Interled, NEPTUN LIGHT, INC and SYSKA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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