Outdoor Light-emitting Diode (LED) Lighting Market Latest Innovation, Upcoming Trends, Top Companies, Growth, Regional Analysis and Forecast by 2028 - Digital Journal

2022-07-29 20:25:39 By : Ms. Kerry Y

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Data Bridge Market Research analyses the outdoor light-emitting diode (LED) lighting market will exhibit a CAGR of 13.10% for the forecast period of 2021-2028 and is expected to reach the USD 34.85 billion by 2028.

The increasing demand for LED lighting due to the modernisation and development of infrastructures such as economic corridors and smart cities will influence the growth of outdoor LED lighting market. Furthermore, 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.

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 outdoor LED lighting market. Lack of consumer ownership associated with utility owned street-lightning and sudden rise in the cost involved in product testing will challenge the growth of the market.

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.

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Leading Key Players Operating in the Outdoor Light-emitting Diode (LED) Lighting Market Includes:

The major players covered in the outdoor light-emitting diode (LED) 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 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.

Outdoor Light-emitting Diode (LED) Lighting Market Segmentations:

The outdoor light-emitting diode (LED) 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.

Outdoor Light-emitting Diode (LED) Lighting Market by Region:

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-outdoor-led-lighting-market

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About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

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