Outdoor LED Lighting Market

1
Outdoor LED Lighting Market
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Outdoor LED Lighting Market Global Scenario,
Market Size, Outlook, Trend, and Forecast, 2019
2028

• The global outdoor LED lighting market would
  reach US 35.58 billion by 2028 growing at a
  CAGR of 13.2 during the forecast period from
  2021- 2028. Light Emitting Diode (LED) is a
  semiconductor which produces light when current
  is passed through it. It produces light up to 90
  more efficient than actual incandescent bulb.
  Outdoor LED is termed as light source installed
  on an outer space to illuminate and enhance the
  outdoor beauty. Further, outdoor LED can also be
  used to display or advertise. 

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Market Dynamics

• Increasing demand of energy-efficient and
  cost-effective products, increasing awareness for
  conservation of energy and introduction of
  lighting technology like LED allows heavy energy
  conservation and provide much more efficiency are
  the factors pouring the growth of the outdoor LED
  lighting market globally.
• LED yield greater life span which anticipates to
  increase their application in both indoor and
  outdoor environment they are cost-effective
  compared to incandescent lights, delivering about
  50,000 hours illumination with a minor energy
  consumption. Their lower cost of operation and
  reduced heat losses also make them a suitable
  replacement for incandescent lights. High-tech
  developments shift from conventional to green
  lighting, enhanced energy efficiency standards
  and declining prices have also urged product
  demand. Further, firm regulatory policies for
  conventional lighting and energy consumption in
  U.S., China, Europe and Canada projected product
  demand in the upcoming years.
• Lack of awareness among the people concerning
  installation costs of outdoor LED lights and
  repayment period along with development of
  alternate technologies like laser technology
  restraints the growth of outdoor LED lighting
  market. In addition, elevated import duties on
  LED lights are the restraints which is a concern
  for the global outdoor LED lighting market.
  Countries like Asia- Pacific is taking
  initiatives for conserving energy and lowering
  import tax which will lead to the growth of LED
  market in the region.

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• The global outdoor LED lighting market is
  segmented on the basis of type, installation
  type, offering, end- user application, wattage
  type, distribution type and region. By type, it
  is categorised into surface mounted and
  individually mounted. Based on offering, it is
  categorised into hardware, services and software.
  Installation type is categorised into, new
  installation or retrofit installation. Further,
  outdoor LED is categorised based on wattage type
  into less than 50W, 50 to 150 W and more than 150
  W. Distribution channel is bifurcated into retail
  and direct sale. On the basis of end user, it is
  categorised into highway roadways, public
  places, architecture, street lighting and others.
  On regional insights it is categorized into North
  America (US, Canada, Rest of America), Asia
  Pacific (India, China, Rest of Asia Pacific),
  Europe (UK, Germany, Russia, Rest of Europe) and
  Rest of the world (Latin America and Middle East
  Africa).
• Key players in the global LED Market are Philips
  Lighting Holding B.V., Syska LED Lights Pvt.
  Ltd., Endo Lighting Corporation, Stanley Electric
  Co. Ltd., IWASAKI ELECTRIC CO., LTD., EuroLuce
  Lighting Australia Pty Ltd., Eaton Corporation
  Plc, Lightup Design Company Limited, DN LIGHTING
  CO. LTD., Sichuan Huati Lighting Technology Co.
  Ltd., Pasolite Electricals Private Limited,
  Zumtobel Group AG Signify N.V., Havells India
  Ltd., Osram Light AG, Xiamen Holly Lite Co., Ltd,
  Wooree Lighting Co. Ltd., Daejin DMP Co. Ltd.,
  Urban Lighting Group Pty Ltd., MOGLILABS Private
  Limited, and WAC Lighting among others.

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Segmentation and Scope of the Global Outdoor LED
Lighting Market

• Global Outdoor LED lighting market is segmented
  into type, installation type, offering, end- user
  application, wattage type, distribution type and
  region.
• By Installation Type
• New installation
• Retrofit installation
• By Type
• Surface mounted
• Individually mounted
• By Offering
• Hardware
• Software
• Services
• By End- user Application
• Highway and Roadways
• Public Places
• Architecture
• Street lighting
• Others

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• By Wattage Type
• Less than 50 W
• 50 W to 150 W
• More than 150 W
• By Distribution Channel
• Direct Sale
• Retail
• By Region
• North America
• US
• Canada
• Rest of North America
• Europe
• UK
• Germany
• Europe
• Italy
• Rest of Europe
• Asia Pacific

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Prominent players in the Global Outdoor LED
lighting market includes

• Philips Lighting Holding B.V.
• Syska LED Lights Pvt. Ltd.
• Endo Lighting Corporation
• Stanley Electric Co. Ltd.
• IWASAKI ELECTRIC CO., LTD.
• EuroLuce Lighting Australia Pty Ltd.
• Eaton Corporation Plc
• Lightup Design Company Limited
• DN LIGHTING CO. LTD.
• Wooree Lighting Co. Ltd.
• Daejin DMP Co. Ltd.
• Urban Lighting Group Pty Ltd.
• Sichuan Huati Lighting Technology Co. Ltd.
• Pasolite Electricals Private Limited
• Zumtobel Group AG
• Signify N.V.
• Havells India Ltd.
• Osram Light AG
• Xiamen Holly Lite Co., Ltd

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