LED Technology the Future of Outdoor Lighting?

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The growth of the outdoor lighting market is being driven by increasing adoption of low-cost and energy-efficient lighting systems and government impetus toward energy conservation.

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Outdoor Lighting Market

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2 Global Outdoor Lighting Market © PS Intelligence. All rights reserved The growth of the outdoor lighting market is being driven by increasing adoption of low-cost and energy-efficient lighting systems and government impetus toward energy conservation. Valued in 2017 at 8740.0 million by PS Intelligence the domain is expected to advance through the forecast period 2018 – 2023 at a CAGR of 8.0 eventually generating a 14.2 billion revenue. By definition the domain includes lights used to illuminate all outdoor settings including highways and roads gardens parking lots stadiums and tunnels. Light-emitting diode LED lights high-intensity discharge HID lamps plasma lamps and fluorescent lights are the various categories when the outdoor lighting market is segmented by lighting type. Among these HID lamps led the market in 2017 with 58.0 share owing to its high luminous efficacy and long life. However during the forecast period LED lights will witness the highest CAGR to become the market leader. As LED lights are energy-efficient they are finding immense government support in countries including China India the U.S. and Germany. Another factor aiding the outdoor lighting market progress is decline in the price of lighting systems. The world is gradually moving away from conventional lights to LED ones leading to a reduction in LED light costs. Compared to other types of lights LED models offer higher efficiency resilience to vibration lower maintenance cost swift operation and intelligent control. People across the world are writhing under increasing electricity bills which LED lights can help bring down with their energy efficiency. Therefore it is clear that the growing adoption of LED lights will be one of the major growth factors for the sector in the coming years. Read more related reports: APAC Outdoor Lighting Market : http://bit.ly/2KleQ2s

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3 Global Outdoor Lighting Market © PS Intelligence. All rights reserved Kindly write to: enquirypsmarketresearch.com B-13 Sector – 2 Noida U.P. – 201301 INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 Disclaimer: PS Intelligence always keeps customers interest at the core while carrying out research activities. PS Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. PS Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in PS Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. PS Intelligence does not endorse any product service or vendor depicted in its research publications. All intellectual property including trademarks and copyrights belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service report or part thereof provided by PS Intelligence can be reproduced republished resold revealed distributed circulated or sublicensed in any medium or form now realized or hereafter become realized including and not limited to all forms of optical-based media magnetic electronic or digital without a written permission from PS Intelligence.

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