How is Shift Towards Energy Driving Outdoor Lighting Market?

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Outdoor lighting includes illumination of public landscapes and private gardens for the purpose of security, safety, convenience, and nighttime aesthetics.

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1 © PS Intelligence. All rights reserved Research Methodology Scope of Work Outdoor Lighting Market Mar 16th 2020

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2 © PS Intelligence. All rights reserved Outdoor lighting includes illumination of public landscapes and private gardens for the purpose of security safety convenience and nighttime aesthetics. As per a research conducted by PS Intelligence in 2017 the global outdoor lighting market generated a revenue of 8740.0 million and is expected to advance at an 8.0 CAGR during the forecast period 2018 –2023. The declining prices of different lighting sources and strong government support are resulting in the rising requirement for outdoor lighting. While before a 60W bulb cost somewhere between 40 –50 today the consumers can buy it just for 13. Furthermore due to the rapid transition from traditional lighting to LED lighting the cost of LEDs has reduced significantly. The governments across the globe are also banning the use of inefficient technologies which in turn is leading to the growing adoption of lighting solutions that are energy efficient. The emergence of smart outdoor lighting and rising adoption of solar power for outdoor lighting are among the key trends being observed in the outdoor lighting market. Smart outdoor lighting is gaining popularity rapidly attributed to its different applications such as public areas and city parks commercial site lighting roadways and highways sports parks university and college campuses and outdoor parking lots. Request to Get the Sample Report : https://www.psmarketresearch.com/market-analysis/outdoor- lighting-market/report-sample Several municipalities are switching to smart outdoor lighting for reducing functional cost and enhancing safety and efficiency. In addition to this the inclination towards solar power-based lighting solutions has been growing in the recent years as they have ecological advantages.

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3 © PS Intelligence. All rights reserved Disclaimer: PS Intelligence always keeps its customers’ interests 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 it is based on primary interviews of officials from various companies or organizations. PS Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in PS Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was 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 properties including trademarks and copyrights belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other 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 but not limited to all forms of optical-based media magnetic electronic or digital without a written permission from Prescient Strategic Intelligence Pvt. Ltd. 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

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