Light-emitting diodes (LEDs) are lighting hotspots for general lighting applications with ten times as effective when contrasted with radiant lighting.
Such trait joined with their long working life and unwavering quality has settled on them the reasonable decision for up and coming age of lighting frameworks including crisis, backlight, car, indoor and open air. The most recent pattern in this market are improvement in the power proficient LED lights, diminish utilization of high power expending radiant lights as they influence load on customer to stash by producing greater power charge. There is need of LED lighting for a few applications like Highway and Roadway,Architectural, Public Places (Commercial, Airport Perimeters, Parking Structures, Stadium and Area Floodlighting, Entertainment, Others Public Places) will make a tremendous market for the outside LED Lighting.
The 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.
Market Segmentation: Global Outdoor LED Lighting Market
On the basis of installation the outdoor LED lightingmarketis segmented into New Installation, Retrofit Installation. The new installation market is expected to grow in the forecasted period.
On the basis of wattage type the outdoor LED lightingmarket 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 lightingmarket 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.
On the basis of geography, outdoor LED lightingmarketreport covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and 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.
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.