Europe Outdoor LED (Light-Emitting Diode) Lighting Market, By Offering (Hardware, Software, Services), Installation Type (Retrofit installation and New installation), Wattage (Less than 50 watt, 50-150 Watt, More than 150 Watt), Application (Highway and Roadway, Architectural and Public Places, Others), Country (U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Ireland, Rest of Europe) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Europe Outdoor LED (Light-Emitting Diode) Lighting Market
Data Bridge Market Research analyses the Europe outdoor LED (light-emitting diode) lighting market will exhibit a CAGR of 6.40% for the forecast period of 2021-2028 and is expected to reach the USD 9,403.25 million by 2028.
Outdoor LED (light-emitting diode) lighting can be defined as light sources that illuminate or illuminate an outdoor space. Consumers or cities are deploying these lighting solutions in outdoor applications to enhance the beauty and safety of their environment. In addition, these lighting solutions are very energy efficient, providing a longer lifespan than traditional lighting solutions. In addition, outdoor LED (light-emitting diode) lighting solutions have a lower impact on the environment. These lighting solutions are used in various applications such as walkway lighting, signage lighting, wall lighting, area lighting and more.
The increasing demand for LED lighting due to the modernization and development of infrastructures such as economic corridors and smart cities will influence the growth of the outdoor LED (light-emitting diode) lighting market. Furthermore, the requirement of improving the visibility and safety of drivers and pedestrians, decrement in the prices of LED, high demand for smart controls in street lighting systems and rising need for energy-efficient lighting systems for highways will enhance the market growth rate.
The development of wireless technology, growing use of IoT technology in smart street lighting and smart city projects will further create beneficial opportunities for the growth of the market.
However, lack of awareness about the installation cost for smart lighting and payback periods and improvement associated with laser lights as an alternative technology are the factors that will act as restraints for the growth of the outdoor LED (light-emitting diode) lighting market. Lack of consumer ownership associated with utility-owned street-lighting and sudden rise in the cost involved in product testing will challenge the growth of the market.
This Europe outdoor LED (light-emitting diode) 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 Europe outdoor LED (light-emitting diode) 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.
Europe Outdoor LED (Light-Emitting Diode) Lighting Market Scope and Market Size
Europe outdoor LED (light-emitting diode) lighting market is segmented on the basis of offering, installation type, wattage 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.
- The outdoor LED (light-emitting diode) lighting market on the basis of offering is segmented into hardware, software and services.
- Based on installation type, the outdoor LED (light-emitting diode) lighting market is segmented into retrofit installation and new installation.
- Based on wattage, the outdoor LED (light-emitting diode) lighting market is segmented into less than 50 watt, 50-150 watt, and more than 150 watt.
- Based on application, the outdoor LED (light-emitting diode) lighting market is segmented into highway and roadway, architectural and public places and others.
Europe Outdoor LED (Light-Emitting Diode) Lighting Market Country Level Analysis
Europe outdoor LED (light-emitting diode) lighting market is analysed and market size, volume information is provided by country, offering, installation type, wattage and application as referenced above.
The countries covered in the Europe outdoor LED (light-emitting diode) lighting market report are Germany, France, the U.K, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, and the Rest of Europe.
The country section of the Europe outdoor LED (light-emitting diode) 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 Europe Outdoor LED (Light-Emitting Diode) Lighting Market Share Analysis
Europe outdoor LED (light-emitting diode) 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 Europe outdoor LED (light-emitting diode) lighting market.
The major players covered in Europe outdoor LED (light-emitting diode) lighting market report are GENERAL ELECTRIC, CREE WOLFSPEED, Zumtobel Group, Signify Holding, OSRAM Gmbh, Hubbell, Astute Lighting Ltd, NEPTUN LIGHT, INC., SYSKA, Dialight, Eaton, Evluma, and OSRAM among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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