ID: MRFR/SEM/6868-HCR | August 2022 | Region: Global | 111 Pages
Table of Contents
1 Executive Summary
1.1 Market Attractiveness
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porterβs Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Bargaining Power of Suppliers
4.1.5 Intensity of Rivalry
4.2 Value Chain/Supply Chain of Outdoor Lighting
5 Market Dynamics
5.1 Introduction
5.2 Growth Drivers
5.2.1 Growing adoption of energy-efficient and economical products
5.2.2 Increased government focus on energy conservation
5.2.3 Driver Impact Analysis
5.3 Restraints
5.3.1 High import duties on lighting solutions
5.3.2 Restraint Impact Analysis
5.4 Challenges
5.5 Opportunities
6 Market Trends
6.1 Technological Trends
7 Outdoor Lighting Market, by Lighting Type
7.1 Introduction
7.2 LED Lamps
7.2.1 Market Estimates & Forecast, 2020β2027
7.3 HID Lamps
7.3.1 Market Estimates & Forecast, 2020β2027
7.4 Plasma Lamps
7.4.1 Market Estimates & Forecast, 2020β2027
7.5 Fluorescent Light
7.5.1 Market Estimates & Forecast, 2020β2027
8 Outdoor Lighting Market, by Distribution Channel
8.1 Introduction
8.2 Retail
8.2.1 Market Estimates & Forecast, 2020β2027
8.3 Commercial
8.3.1 Market Estimates & Forecast, 2020β2027
9 Outdoor Lighting Market, by Application
9.1 Introduction
9.2 Street Lighting
9.2.1 Market Estimates & Forecast, 2020β2027
9.3 Highways
9.3.1 Market Estimates & Forecast, 2020β2027
9.4 Stadiums
9.4.1 Market Estimates & Forecast, 2020β2027
9.5 Parking Lots
9.5.1 Market Estimates & Forecast, 2020β2027
9.6 Tunnel Lights
9.6.1 Market Estimates & Forecast, 2020β2027
9.7 Parks
9.7.1 Market Estimates & Forecast, 2020β2027
9.8 Others
9.8.1 Market Estimates & Forecast, 2020β2027
10 Outdoor Lighting Market, by Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates & Forecast, by Country, 2020β2027
10.2.2 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.2.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.2.4 Market Estimates & Forecast, by Application, 2020β2027
10.2.5 US
10.2.5.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.2.5.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.2.5.3 Market Estimates & Forecast, by Application, 2020β2027
10.2.6 Mexico
10.2.6.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.2.6.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.2.6.3 Market Estimates & Forecast, by Application, 2020β2027
10.2.7 Canada
10.2.7.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.2.7.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.2.7.3 Market Estimates & Forecast, by Application, 2020β2027
10.3 Europe
10.3.1 Market Estimates & Forecast, by Country, 2020β2027
10.3.2 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.3.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.3.4 Market Estimates & Forecast, by Application, 2020β2027
10.3.5 Germany
10.3.5.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.3.5.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.3.5.3 Market Estimates & Forecast, by Application, 2020β2027
10.3.6 France
10.3.6.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.3.6.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.3.6.3 Market Estimates & Forecast, by Application, 2020β2027
10.3.7 Italy
10.3.7.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.3.7.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.3.7.3 Market Estimates & Forecast, by Application, 2020β2027
10.3.8 UK
10.3.8.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.3.8.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.3.8.3 Market Estimates & Forecast, by Application, 2020β2027
10.3.9 Rest of Europe
10.3.9.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.3.9.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.3.9.3 Market Estimates & Forecast, by Application, 2020β2027
10.4 Asia-Pacific
10.4.1 Market Estimates & Forecast, by Country, 2020β2027
10.4.2 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.4.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.4.4 Market Estimates & Forecast, by Application, 2020β2027
10.4.5 China
10.4.5.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.4.5.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.4.5.3 Market Estimates & Forecast, by Application, 2020β2027
10.4.6 India
10.4.6.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.4.6.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.4.6.3 Market Estimates & Forecast, by Application, 2020β2027
10.4.7 Japan
10.4.7.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.4.7.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.4.7.3 Market Estimates & Forecast, by Application, 2020β2027
10.4.8 Rest of Asia-Pacific
10.4.8.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.4.8.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.4.8.3 Market Estimates & Forecast, by Application, 2020β2027
10.5 Middle East and Africa
10.5.1 Market Estimates & Forecast, by Country, 2020β2027
10.5.2 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.5.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.5.4 Market Estimates & Forecast, by Application, 2020β2027
10.5.5 Saudi Arabia
10.5.5.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.5.5.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.5.5.3 Market Estimates & Forecast, by Application, 2020β2027
10.5.6 UAE
10.5.6.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.5.6.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.5.6.3 Market Estimates & Forecast, by Application, 2020β2027
10.5.7 South Africa
10.5.7.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.5.7.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.5.7.3 Market Estimates & Forecast, by Application, 2020β2027
10.5.8 Rest of Middle East and Africa
10.5.8.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.5.8.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.5.8.3 Market Estimates & Forecast, by Application, 2020β2027
10.6 South America
10.6.1 Market Estimates & Forecast, by Country, 2020β2027
10.6.2 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.6.3 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.6.4 Market Estimates & Forecast, by Application, 2020β2027
10.6.5 Brazil
10.6.5.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.6.5.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.6.5.3 Market Estimates & Forecast, by Application, 2020β2027
10.6.6 Argentina
10.6.6.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.6.6.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.6.6.3 Market Estimates & Forecast, by Application, 2020β2027
10.6.7 Rest of South America
10.6.7.1 Market Estimates & Forecast, by Lighting Type, 2020β2027
10.6.7.2 Market Estimates & Forecast, by Distribution Channel, 2020β2027
10.6.7.3 Market Estimates & Forecast, by Application, 2020β2027
11 Competitive Landscape
11.1 Overview
11.2 Key Players: Market Share Analysis
11.3 Competitive Benchmarking
12 Company Profiles
12.1 Philips Lighting Holding B.V.
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.1.4.1 SWOT Analysis
12.1.5 Key Strategies
12.2 General Electric Company
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategies
12.3 Osram Licht AG
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategies
12.4 Cree, Inc.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategies
12.5 Eaton Corporation PLC
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.5.5 SWOT Analysis
12.5.6 Key Strategies
12.6 Hubbell Incorporated
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategies
12.7 Dialight PLC
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.7.6 Key Strategies
12.8 Zumtobel Group AG
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategies
12.9 Syska
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.9.5 SWOT Analysis
12.9.6 Key Strategies
12.10 Virtual Extension
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
12.10.5 SWOT Analysis
12.10.6 Key Strategies
12.10.7 Astute Lighting Ltd.
12.10.8 Company Overview
12.10.9 Product/Business Segment Overview
12.10.10 Financial Updates
12.10.11 Key Developments
12.10.12 SWOT Analysis
12.10.13 Key Strategies
12.11 Evluma
12.11.1 Company Overview
12.11.2 Product/Business Segment Overview
12.11.3 Financial Updates
12.11.4 Key Developments
12.11.5 SWOT Analysis
12.11.6 Key Strategies
12.12 Masco Corporation
12.12.1 Company Overview
12.12.2 Product/Business Segment Overview
12.12.3 Financial Updates
12.12.4 Key Developments
12.12.5 SWOT Analysis
12.12.6 Key Strategies
12.13 Halco Lighting Technologies
12.13.1 Company Overview
12.13.2 Product/Business Segment Overview
12.13.3 Financial Updates
12.13.4 Key Developments
12.13.5 SWOT Analysis
12.13.6 Key Strategies
12.13.7
13 Conclusion
LIST OF TABLES
Table 1 Global Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 2 Global Outdoor Lighting Market, by Distribution Channel, 2020β2027
Table 3 Global Outdoor Lighting Market, by Application, 2020β2027
Table 4 Global Outdoor Lighting Market, by Region, 2020β2027
Table 5 North America: Outdoor Lighting Market, by Country, 2020β2027
Table 6 North America: Outdoor Lighting, Market, by Lighting Type, 2020β2027
Table 7 North America: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 8 North America: Outdoor Lighting, Market, by Application, 2020β2027
Table 9 US: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 10 US: Outdoor Lighting Market, by Distribution Channel, 2020β2027
Table 11 US: Outdoor Lighting Market, by Application, 2020β2027
Table 12 Canada: Outdoor Lighting, Market, by Lighting Type, 2020β2027
Table 13 Canada: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 14 Canada: Outdoor Lighting, Market, by Application, 2020β2027
Table 15 Mexico: Outdoor Lighting, Market, by Lighting Type, 2020β2027
Table 16 Mexico: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 17 Mexico: Outdoor Lighting, Market, by Application, 2020β2027
Table 18 Europe: Outdoor Lighting Market, by Country, 2020β2027
Table 19 Europe: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 20 Europe: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 21 Europe: Outdoor Lighting Market, by Application, 2020β2027
Table 22 Germany: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 23 Germany: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 24 Germany: Outdoor Lighting Market, by Application, 2020β2027
Table 25 France: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 26 France: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 27 France: Outdoor Lighting Market, by Application, 2020β2027
Table 28 UK: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 29 UK: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 30 UK: Outdoor Lighting Market, by Application, 2020β2027
Table 31 Spain: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 32 Spain: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 33 Spain: Outdoor Lighting Market, by Application, 2020β2027
Table 34 Italy: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 35 Italy: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 36 Italy: Outdoor Lighting Market, by Application, 2020β2027
Table 37 Asia-Pacific: Outdoor Lighting Market, by Country, 2020β2027
Table 38 Asia-Pacific: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 39 Asia-Pacific: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 40 Asia-Pacific: Outdoor Lighting Market, by Application, 2020β2027
Table 41 China: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 42 China: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 43 China: Outdoor Lighting Market, by Application, 2020β2027
Table 44 Japan: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 45 Japan: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 46 Japan: Outdoor Lighting Market, by Application, 2020β2027
Table 47 India: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 48 India: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 49 India: Outdoor Lighting Market, by Application, 2020β2027
Table 50 Rest of Asia-Pacific: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 51 Rest of Asia-Pacific: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 52 Rest of Asia-Pacific: Outdoor Lighting Market, by Application, 2020β2027
Table 53 Middle East and Africa: Outdoor Lighting Market, by Country, 2020β2027
Table 54 Middle East and Africa: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 55 Middle East and Africa: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 56 Middle East and Africa: Outdoor Lighting Market, by Application, 2020β2027
Table 57 Saudi Arabia: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 58 Saudi Arabia: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 59 Saudi Arabia: Outdoor Lighting Market, by Application, 2020β2027
Table 60 UAE: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 61 UAE: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 62 UAE: Outdoor Lighting Market, by Application, 2020β2027
Table 63 South Africa: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 64 South Africa: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 65 South Africa: Outdoor Lighting Market, by Application, 2020β2027
Table 66 Rest of Middle East and Africa: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 67 Rest of Middle East and Africa: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 68 Rest of Middle East and Africa: Outdoor Lighting Market, by Application, 2020β2027
Table 69 South America: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 70 South America: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 71 South America: Outdoor Lighting Market, by Application, 2020β2027
Table 72 Brazil: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 73 Brazil: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 74 Brazil: Outdoor Lighting Market, by Application, 2020β2027
Table 75 Argentina: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 76 Argentina: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 77 Argentina: Outdoor Lighting Market, by Application, 2020β2027
Table 78 Rest of South America: Outdoor Lighting Market, by Lighting Type, 2020β2027
Table 79 Rest of South America: Outdoor Lighting, Market, by Distribution Channel, 2020β2027
Table 80 Rest of South America: Outdoor Lighting Market, by Application, 2020β2027
β
LIST OF FIGURES
FIGURE 1 Global Outdoor Lighting Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porterβs Five Forces Analysis of the Global Outdoor Lighting Market
FIGURE 4 Value Chain of the Global Outdoor Lighting Market
FIGURE 5 Share of the Global Outdoor Lighting Market in 2020, by Country (in %)
FIGURE 6 Global Outdoor Lighting Market, 2020β2027
FIGURE 7 Sub-Segments of Lighting Type
FIGURE 8 Global Outdoor Lighting Market Size, by Lighting Type, 2020
FIGURE 9 Share of the Global Outdoor Lighting Market, by Lighting Type, 2020 to 2027
FIGURE 10 Sub-Segments of Application
FIGURE 11 Global Outdoor Lighting Market Size, by Application, 2020
FIGURE 12 Share of the Global Outdoor Lighting Market, by Application, 2020 to 2027
$48.2 Billion
8.20%
Europe
2021-2030
The Outdoor Lighting Market was valued at USD 9.4 billion in 2020; it is expected to reach USD 48.2 Billion by the end of the forecast period at a CAGR of 8.20%.
Currently, outdoor lighting is used to add aesthetic appeal and increase safety and security. Global industry players are expanding their market reach through the development of innovative solutions in outdoor lighting portfolio. The vendors of the outdoor lighting systems provide various advanced solutions to the users with easy and smart control operation, better energy efficiency, and superior illumination with low power consumption.
Growing adoption of energy-efficient and affordable products and increasing government focus on energy conservation is expected to drive the outdoor lighting market during the forecast period. However, high import duties on lighting solutions can restrain the market during the forecast period. Development of wireless technologies for outdoor lighting systems and the adoption of IoT technology for smart street lighting and smart city projects are expected to create growth opportunities in the outdoor lighting market. Philips offers various outdoor lighting products for a number of end-use applications such as road and urban lighting, floodlighting in sports arenas tunnel and underpass lighting, and landscape lighting which are easy to install and provide a high level of illumination.
The global outdoor lighting market has been segmented based on lighting type, distribution channel, application, and region.
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.
Globally, the outdoor lighting market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is expected to dominate the outdoor lighting market during the forecast period. Presence of global players such as Philips Lighting and Osram Licht AG and government initiatives in the favor of smart lighting control systems are expected to dominate the market in this region.
Asia-Pacific is expected to be at the second position and grow at a faster rate during the forecast period due to various infrastructure development projects such as smart cities across the region. Countries such as China, Japan, South Korea, and India are expected to dominate the outdoor lighting market during the forecast period.
North America is expected to occupy the third position in terms of market share due to the early adoption of the latest technologies and presence of global players such as Cree Inc. and General Electric Company. The US is expected to dominate the outdoor lighting market during the forecast period. However, Canada is expected to grow at a higher rate during forecast period.
Outdoor Lighting Market, USD Billion
Source: MRFR Analysis
The global outdoor lighting market consists of various global, regional, and local service providers who are continuously evolving their product portfolio to enhance their market positions. The major players are likely to strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding the reach of their solutions during the review period. Improvements in the global economic scenario combined with technological advancements in the emerging economies in India, South Africa, China, Brazil, and Argentina, are likely to fuel the market growth, thereby making it an ideal time for the vendors to expand the outdoor lighting market to untapped geographies and increase the market share.
Therefore, vendors must develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market.
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.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 48.2 Billion |
CAGR | 8.20% |
Base Year | 2020 |
Forecast Period | 2021-2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Lighting Type, Distribution Channel, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 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), Masco Corporation (US) |
Key Market Opportunities | Development of wireless technologies |
Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
Highways, Street Lighting, Parking Lots, Stadiums, Parks, and Tunnel Lights, are the significant applications of outdoor lighting.
Outdoor lighting is used for adding aesthetic appeal and also elevate the increase safety and security.
Emergence of wireless technologies for outdoor lighting systems coupled with the rising adoption of IoT technology for smart street lighting as well as smart city projects are creating growth opportunities in the market.
In July 2019, Evluma had launched OmniMax LED replacement lamp that finds use in decorative streetlights. The lamp featured built-in Bluetooth connectivity along with instant dimming.
Europe, Asia Pacific, North America, South America and the Middle East & Africa are the regions where the market can gain traction in the coming period.
LED Lamps, HID Lamps, Plasma Lamps, Fluorescent Light