Consumer Goods / Outdoor LED Lighting Market- Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Costway, Portfolio, SecureHome, Kichler, ProgressLighting, TRENT, ELSTEADLIGHTING
Outdoor LED lighting Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Costway, Portfolio, SecureHome, Kichler, ProgressLighting, TRENT, ELSTEADLIGHTING
According to projections, the market for outdoor LED lighting would grow at a CAGR of 15.7% from 2019 to 2027, reaching USD 23.95 billion. The global demand for energy-efficient lighting systems, the modernization and development of infrastructures like smart cities that enable the implementation of lighting systems based on the Internet of Things (IoT), the decline in the price of LEDs, and the widespread use of LEDs as a light source in outdoor lighting applications like architectural, highways & roadways, and public places, among others, are driving the market's growth. In this market analysis, 2016 serves as the base year and 2019 to 2027 serves as the forecast period.
Who are the Major Players in Outdoor LED lighting Market?
The global Outdoor LED lighting includes Costway, Portfolio, SecureHome, Kichler, ProgressLighting, TRENT, ELSTEADLIGHTING, SeaGullLighting, ASTROHARVARD, Panasonic
Recent Developments:
Kichler Lighting LLC Embraces Cottagecore Style with New Homestead Collection
(april 13, 2022) – Kichler Lighting’s new Homestead Collection is as dreamy as it is cozy. This line of expertly curated fixtures pulls inspiration from the warmth and comfort of cottagecore, rustic, farmhouse, Edwardian and vintage styles, adding a charming mix of romance and simplicity to any space.
The Homestead Collection mixes the feel of old and new across 10 style families and 81 new SKUs. It builds on the cottagecore trend of nesting at home and slower living, echoing consumers’ increased interest in homespun crafts, antiques and family heirlooms and closeness to nature and gardening. This collection is reminiscent of sun-faded aesthetics that effortlessly blend with romantic, nostalgic interiors.
What are the major Applications, Types and Regions for Outdoor LED lighting Market?
Outdoor LED lighting Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
Suspension-mounted Porch Lights
Flush-mounted Porch Lights
By Application it is segmented into
Residential Use
Commercial Use
Others
Outdoor LED Lighting Market Regional Analysis
In 2016, the market's largest share belonged to the Asia Pacific region. By 2023, it is anticipated that Europe would hold the second-largest market share. Due to the high standard of living in the European region, many cutting-edge outdoor LED lighting systems are now being installed in smart homes that are being built there. The market in Europe has subsequently expanded as a result of this. Due to continuing infrastructure modernization initiatives in developing nations like China and India for the development of numerous smart cities, the Asia Pacific outdoor LED lighting market is anticipated to expand at the highest CAGR during the forecast period.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Outdoor LED lighting Market report scope?
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 15.7% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Outdoor LED lighting Report
Evaluate Outdoor LED lighting market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Outdoor LED lighting market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
It further investigates the specifics that are positively impacting the profit graph of this business sphere.
The study also elaborates the critical factors which will augment the commercial terrain of the Outdoor LED lighting market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Outdoor LED lighting Market is studied from 2017 - 2027.
What is the growth rate of Outdoor LED lighting Market?
The Outdoor LED lighting Market is growing at a CAGR of 15.7% over the next 5 years.
Who are the leading key players in Outdoor LED lighting Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
