Outdoor Lighting Market Is Expected to Reach USD 25.2 Billion By 2025 : Global Forecast

Market Scenario The global market for outdoor lighting was valued at USD 9.4 billion in 2018; it is expected to reach USD 25.2 billion by the end of the forecast period at a CAGR of 15.0%. The trend of outdoor lighting is gaining popularity and companies are continuously focusing on developing technologies for roadways and highways applications. Increasing government focus on energy-efficient light sources and energy conservation is expected to drive the market during the forecast period.global market for outdoor lighting Report Sample:

Market Research Analysis: Global Outdoor Lighting Market Global Outdoor Lighting Market Research Report: by Lighting Type (LED Lamps, HID Lamps, Plasma Lamps, Fluorescent Light), By Distribution Channel (Retail, Commercial), By Application (Street Lighting, Highways, Stadiums, Parking Lots, Tunnel Lights, Parks, Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) — Forecast till 2025 Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to a number of smat city initiatives, growing smart building market, and many other development projects. China, Japan, Taiwan, and India are expected to dominate the market and Australia, Singapore, and New-Zealand are expected to grow at a steady rate during the forecast period. Browse Complete Report Details:

Scope of the Report: This study provides an overview of the global Outdoor Lighting Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive blockchain market by technology type, application, provider, propulsion, vehicle type, and region.

Key Players: 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. The major players in this market have adopted the strategies such as geographic expansion, product launch, collaboration, and mergers & acquisitions. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding, geographically and improving the services.

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