LED street light market expected to secure notable revenue share during 2022-2030 – Blackswan Real Estate

0

LED Street Lighting Market: By Wattage (Less than 50W, 50-150W, and Over 150W), End-Use Industry (Renovation, Retail, and Hospitality, Outdoor, Office, Architectural, Residential, and Industry) and by Region – Global Industry Sizing, Growth, Trend, Opportunity and Forecast (2020-2025)

The LED Street Lighting Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating in the world market. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes of the market, capturing all aspects of the LED Lighting industry.

Get a PDF for more business and technical insights: https://www.marketstatsville.com/request-sample/led-street-light-market-will-reach-at-usd-6-1-billion-by- 2025

LED street light market overview

During the forecast period 2020-2025, the LED street lighting market is expected to register a CAGR of 13% and is valued at USD 3.4 billion in 2019. The retrofit industry is gaining traction on the other end-use industries around the world. Moreover, the trend to combine streetlights with modern and energy-efficient LED systems has created various possibilities to create a secure and connected urban lighting network. This aspect will increase the global LED street lighting market over the forecast period.

Factors affecting the LED street light market over the forecast period
  • Growing environmental issues and increasing demand for environmentally friendly products are driving the global LED street lighting market. The major reasons driving the market are the growth and development of smart cities.
  • Additionally, rapid technological innovations are further boosting the growth of the global LED street light market. The reductions also enhance the market growth in terms of production cost and inefficiency of modifications and high performance features.
  • Governments around the world have taken many steps to encourage LED street lights.
  • Additionally, a global shift from conventional lighting systems is also having a positive effect on the growth of the market. Lowering LED prices is pushing the economy towards growth, along with lower carbon emissions. Due to the multiple features of LED street lighting solutions, such as remote control programming, GPS connectivity, versatile dimming controls, and fault-tolerant warning notifications, LED street lights are readily adopted.
  • The high cost of components and the requirement of high investment cost for setting up the industry is hampering the growth of the market.
  • Additionally, lack of consumer awareness and knowledge and difficult feature architecture and design pose major challenges to the global LED street lighting market.
Impact of COVID-19 on the LED street light market

The COVID-19 pandemic has disrupted the global LED street light market and companies have been forced to restructure their plans to cope with the pandemic. COVID-19 is influencing the global economy in three main ways: by affecting production and demand, by disrupting the supply chain and market, and through its financial effect on businesses. Due to manufacturing gaps and global economic issues, several companies have delayed their plans. To prevent the spread of the coronavirus, workers either returned to their hometowns or quarantined.

You can buy the full report: https://www.marketstatsville.com/buy-now/led-street-light-market-will-reach-at-usd-6-1-billion-by-2025?opt=2950

LED Street Lighting Market: Report Scope

The report outlines the study of the global LED street lighting market on the basis of power industry and end-use.

On the basis of power, the LED street light market has been segmented into –

  • Less than 50W
  • 50-150W
  • More than 150W

On the basis of end-use industry, the LED street light market has been segmented into –

  • Renovation
  • Retail and Hospitality
  • Outside
  • Desks
  • Architectural
  • Residential
  • Industrial
LED Street Light Market: Geographic Outlook

Several geographical regions, namely North America, Asia-Pacific, South America, Europe and the Middle East and Africa (MEA), have been segmented into the global street light market. LEDs. North America held the largest revenue market share in the LED street light market in 2019, followed by Asia-Pacific and Europe. Introducing new and creative technologies to minimize energy consumption and improve supply during the longest hours is mainly driving the growth of the LED street lighting market. Moreover, Asia-Pacific is expected to have the highest CAGR in the world during the forecast period owing to rapid investments by governments.

Key Competitors in the Global LED Street Lights Market

The global LED street lighting market is highly fragmented, with the presence of a large number of small players across the globe. Key players operating in the global LED street lighting market include-

Access full report description, table of contents, table of figure, graph, etc. : https://www.marketstatsville.com/table-of-content/led-street-light-market-will-reach-at-usd-6-1-billion-by-2025

  • Philips Electronics AG
  • international honeywell
  • Osram GmbH
  • Acuity brands incorporated
  • Embedded digital lumens
  • Company Lutron Electronics
  • Public lighting vision
  • Cooper Lighting Division
  • Matsushita Electric Industrial Corporate
  • Bajaj Electrics
  • Zumtobel AG (Thorn Lighting)
  • Notify detention
  • Su-Kam Power Systems Limited
  • Eaton Corporation PLC
  • Hubbell Inc.

The LED Street Lights market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.

The regional analysis includes:
  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA

Description of report request: https://www.marketstatsville.com/led-street-light-market-will-reach-at-usd-6-1-billion-by-2025

LED street lighting market: target audience
  • LED street light manufacturers
  • Street light manufacturers
  • Lighting Manufacturers, Distributors and Suppliers
  • Trade publications and magazines
  • Government authorities, associations and organizations
Share.

Comments are closed.