U.S. Light Emitting Diode (LED) Outdoor Lighting Market Segmentation grow with a 16.0% CAGR by 2029 Forecast.
Impact of COVID-19 on the market
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019 and has since spread rapidly around the world. China, Italy, Iran, Spain, the Republic of Korea, France, Germany and the United States are among the most affected countries in terms of reported positive cases and deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to blockages, travel bans and business closures. The global food and beverage industry is a major industry facing severe disruptions such as supply chain disruptions, technology event cancellations, and office closures due to this epidemic. China is the global manufacturing hub, with the presence and largest suppliers of raw materials. The general market collapse due to COVID-19 is also affecting the growth of the bacon market due to the closure of factories, the obstacle in the supply chain and the slowing of the world economy.
U.S. Light Emitting Diode (LED) Outdoor Lighting Market Insight
Ø Data Bridge Market Research analyses the light emitting diode (LED) outdoor lighting market will exhibit a CAGR of 16.0% for the forecast period of 2022-2029.
Ø The light emitting diode (LED) outdoor lighting can be defined as light sources intended to illuminate or illuminate an outdoor space. Consumers or cities are deploying these lighting solutions in outdoor applications to enhance the beauty and safety of their environment. In addition, these lighting solutions are very energy efficient, providing a longer lifespan than traditional lighting solutions. In addition, Light Emitting Diode (LED) Outdoor Lighting solutions have a lower impact on the environment. These lighting solutions are used in a variety of applications such as walkway lighting, signage lighting, wall lighting, area lighting and more.
Ø The increasing demand for LED lighting due to the modernisation and development of infrastructures such as economic corridors and smart cities will influence the growth of Light Emitting Diode (LED) Outdoor Lighting market. Furthermore, requirement of improving the visibility and safety of drivers and pedestrians, decrement in the prices of LED, high demand for smart controls in street lighting systems and rising need for energy-efficient lighting systems for highways will enhance the market growth rate.
Ø Development of wireless technology, growing use of IOT technology in smart street lighting and smart city projects will further create beneficial opportunities for the growth of the market.
Ø However, lack of awareness about the installation cost for smart lighting and payback periods and improvement associated with laser lights as an alternative technology are the factors that will act as restraints for the growth of Light Emitting Diode (LED) Outdoor Lighting market. Lack of consumer ownership associated with utility owned street-lightning and sudden rise in the cost involved in product testing will challenge the growth of the market.
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U.S. Light Emitting Diode (LED) Outdoor Lighting Market Segmentation
It is fragmented on the basis of installation type, wattage and application technology.
retrofit installation and new installation.
highway and roadway, architectural and public places and others.
less than 50 watt, 50-150 watt, and more than 150 watt.
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U.S. Light Emitting Diode (LED) Outdoor Lighting Market Country Level Analysis
Ø US outdoor LED (light-emitting diode) lighting market is analysed and market size, volume information is provided by country, offering, installation type, wattage and application as referenced above.
Ø The countries covered in the US outdoor LED (light-emitting diode) lighting market report are Germany, France, the U.K, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, and the Rest of Europe.
Ø The country section of the US outdoor LED (light-emitting diode) lighting market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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The major players covered in the U.S. Light Emitting Diode (LED) Outdoor Lighting Market report are
Ø The major players covered in Europe outdoor LED (light-emitting diode) lighting market report are GENERAL ELECTRIC, CREE WOLFSPEED, Zumtobel Group, Signify Holding, OSRAM Gmbh, Hubbell, Astute Lighting Ltd, NEPTUN LIGHT, INC., SYSKA, Dialight, Eaton, Evluma, and OSRAM among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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