Global Outdoor Lighting Market Research Report (SARS-CoV-2, Covid-19 Analysis) Upcoming Trends, Growth Drivers and Challenges – Forecast to 2026
A new market study, "Global Outdoor Lighting Market Research Report” has been featured on Market Research Future.
The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions.
Regional Analysis
Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to a number of smat city initiatives, growing smart building market, and many other development projects. China, Japan, Taiwan, and India are expected to dominate the market and Australia, Singapore, and New-Zealand are expected to grow at steady rate during forecast period. Europe is expected to dominate the outdoor lighting market during the forecast period.
Government initiatives regarding smart lighting control systems are expected to drive the market in European countries. Germany, the UK, the Netherlands, Sweden, Italy, and France are expected grow at a high rate during forecast period. However, Portugal, Norway, Switzerland, and Rest of Europe are expected grow at stable rate during forecast period. The Middle East and Africa and South America segment is expected to grow at stable rate during forecast period.
Segmental Analysis
By lighting type, the outdoor lighting market has been segmented into LED lamps, HID lamps, plasma lamps, and fluorescent light. By distribution channel, the outdoor lighting market has been segmented into retail and commercial. By application, the outdoor lighting market has been segmented into street lighting, highways, stadiums, parking lots, tunnel lights, parks, and others. By region, the outdoor lighting market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
By lighting type, the outdoor lighting market has been segmented into LED lamps, HID lamps, plasma lamps, and fluorescent light.
By distribution channel, the outdoor lighting market has been segmented into retail and commercial.
By application, the outdoor lighting market has been segmented into street lighting, highways, stadiums, parking lots, tunnel lights, parks, and others.
By region, the outdoor lighting market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Key Developments
- In July 2019, Evluma launched a higher-performance OmniMax LED replacement lamp for decorative streetlights. This lamp offered built-in Bluetooth connectivity and instant dimming. This lamp carries 20kv/10kA surge protection, active cooling, and comes with a 10-year warranty.
- In August 2018, Cree Inc. launched XLamp XP-G3 S Line LED with high-power LED technology for long lifespan designed for industrial, parking, and roadway applications. This lamp provides better reliability through dimming and switching cycles and improved resistance to sulfur exposure and high light output.
- Municipality of Gdansk-Zaspa- Park JPII, located in Pomerania, implemented a street lighting project for environment projection and water management. However, dimming and control measures are implemented to save energy and reduce the total operational hours of the system.
Market Synopsis
The global market for outdoor lighting was valued at USD 9.4 billion in 2018; it is expected to reach USD 25.2 billion by the end of the forecast period at a CAGR of 15.0%. Pune, India, 23 September 2019, MRFR Press Release/-Market Research Future published a half-cooked research report on the global outdoor lighting market.
Key Players
The key players in the outdoor lighting market are Philips Lighting Holding B.V.(The Netherlands), General Electric Company (US), Osram Licht AG (Germany), Cree, Inc. (US), Eaton Corporation PLC (Ireland), Hubbell Incorporated (US), Dialight PLC (US), Zumtobel Group AG (Austria), Syska (India), Virtual Extension (Israel), Evluma (US) Halco Lighting Technologies (US), and Masco Corporation (US) among others.
More Information : https://www.marketresearchfuture.com/reports/outdoor-lighting-market-8340
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