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New report: Global outdoor LED lighting market will be growing with a CAGR of 12.8% by 2024

New report: Global outdoor LED lighting market will be growing with a CAGR of 12.8% by 2024

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

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Global Outdoor LED Lighting Market accounted to USD 26.0 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.

Major Market Competitors:

Major Players Operating in Outdoor LED Lighting Market are:-

  • Philips 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

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Segmentation:

The market is segmented on the basis of installation, wattage type, application and geography.

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On the basis of installation the outdoor LED lighting market is segmented into New Installation, Retrofit Installation.

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The new installation market is expected to grow in the forecasted period.

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On the basis of wattage type the outdoor LED lighting market is segmented into Less Than 50 W, 50–150 W, More Than 150 W. The less than 50W market is expected to grow in the forecasted period.

On the basis of application the outdoor LED lighting market is segmented into Highway and Roadway, Architectural, Public Places.

The public places market is expected to grow in the forecasted period. The public places are further segmented into Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places.

The commercial market is expected to grow in the forecasted period.

Based on Geography the market is segmented into 5 geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Competitive Analysis:

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.

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