Outdoor LED Smart Lighting Solution Market, By Component (Software, Hardware, Service), By Communication Technology (Wired, Wireless), By Application (Parking, Stadium, Waterways, Streetlight) - Forecast 2022.
Outdoor LED Smart Lighting Solution Market – Overview
The outdoor lighting market has grown at a rapid pace in the past few years owing to increased applications for the products. Market Research Future which focusses on market reports linked to electronics & semiconductors sector amongst others recently made available a report on this sector. The outdoor LED smart lighting solution sector is estimated to develop roughly at USD 8 Billion by 2022 with a 12 per cent CAGR in the forecast period between 2016 and 2022.
The demand for smart lighting solutions especially for outdoor or exterior use has grown considerably in the past few years. Increased demand for better lit structures or facades has increased the demand for the market significantly. As LED lighting has better output they are being increasingly preferred for outdoor applications. With increasing reach of IoT in the lighting sector has bolstered smart lighting demand. The cost and time benefits of Outdoor LED Smart Lighting Solution Market will buoy the growth of the market significantly in the forecast period.
Key Players
The prominent players in the outdoor LED smart lighting solutions are Philips Lighting Holding B.V. (Netherlands), Acuity Brands, Inc. (U.S.), General Electric (U.S.), Osram Licht AG (Germany), Honeywell International Inc. (U.S.), Cooper Industries, Inc. (U.S.), Schneider Electric SE (France), Digital Lumens, Inc. (U.S.), Streetlight. Vision (France), Lutron Electronics Company, Inc. (U.S.), among others.
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Competitive Analysis
The profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise that are being provided presently differ greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies so they can aim to uphold their commercial enterprise's liquidity to take the most effective decisions in terms of strategy execution and designing. The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly.
Industry Segments
The outdoor LED smart lighting solution industry has been segregated on the basis of communication technology, component and application.
- By Communication Technology: Wireless and Wired
- By Component: Hardware, Software and Service
- By Application: Landscape Light, Street Lighting, Parking, Stadium, Waterways and Others
Regional Analysis
The regional analysis of outdoor LED smart lighting solution market covers regions such as Americas, Asia pacific, Europe and Rest of the World. The swift evolution of IOT through diverse industries has driven the market of outdoor LED smart lighting solution. The North American region’s control will be mainly owing to high adoption of technology and growing efforts to control the unsafe impact of electricity consumption on the environment. Nonetheless, the report also proposes that developing economies in the Asia Pacific region and rest of the world will have rewarding opportunities in the global market. The European region is also one of the main and leading region in the market since of the smart LED solutions in different application segments including industrial, commercial, outdoor and residential segment.
Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- LED Manufacturers
- Smart Lighting Solution Providers
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 market, By Component
Table 2 Market, By Communication Technology
Table 3 Market, By Application
Table 4 Market, By Region
Table 5 North America Outdoor Led Smart Lighting Solution Market, By Component
Table 6 North America Outdoor Led Smart Lighting Solution Market, By Communication Technology
Table 7 North America Outdoor Led Smart Lighting Solution Market, By Application
Table 8 U.S. Market, By Component
Table 9 U.S. Market, By Communication Technology
Table 10 U.S. Market, By Application
Table 11 Canada Market, By Component
Table 12 Canada Market, By Communication Technology
Table 13 Canada Market, By Application
Table 14 Europe Market, By Component
Table 15 Europe Market, By Communication Technology
Table 16 Europe Market, By Application
Table 17 Germany Market, By Component
Table 18 Germany Market, By Communication Technology
Continued…
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The high adoption of internet of things and smart lighting solutions is dominating the market of outdoor LED smart lighting solutions.
In most developed countries, LEDs are already an economically beneficial alternative to existing streetlights over the lifetime of the light when energy savings are considered, despite their higher upfront cost.The Outdoor Led Smart Lighting Solution Market is growing rapidly over 12% of CAGR and is expected to reach approximately at USD 8 billion by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
On basis of application the outdoor led smart lighting solution consists of street lighting, landscape lighting, stadium, parking, waterways, others.
The implementation of LED smart solutions in street lighting has following benefits LED or retro-fitting to existing fixtures, With remote control, you can save energy by only using the precise amount of light you need and by accurately measuring every watt used.
It has been observed that developments in Smart Street lighting concept result in significant growth of outdoor led smart lighting solution market.
This is more efficient and can lower initial costs, the solid package of the LED can be designed to focus its light.
The Outdoor LED Lighting Market is projected to grow at a significant rate during the forecast period, 2017 to 2023 due to the emphasis of governments on the safety of drivers by ensuring clear visibility.
Outdoor LED lighting is used for busy highways & roadways, wherein visibility is of crucial importance.
It is increasingly implemented across highways, streets, and roadways to control energy consumption.
Development of wireless technologies for outdoor LED lighting systems, growing usage of the systems/solutions that use LED lighting, and increasing consumer awareness about the importance of energy saving are the major opportunities for the growth of the outdoor LED lighting market.The main building blocks of the value chain of the outdoor LED lighting market comprise research & product development, manufacturing & assembling, system integrators, and end users.
The key players operating in the outdoor LED lighting market include Philips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Hubbell Incorporated (U.S.), Cree, Inc. (U.S.), Eaton Corporation Plc.
These players have adopted various growth strategies, such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to expand their global presence and increase their shares in the outdoor LED lighting market.Speak to Analyst : https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=211822268Philips Lighting Holding B.V. (Netherlands) is one of the global leaders in lighting products, systems, and services.
