Outdoor LED Smart Lighting Solution Market (COVID-19 Analysis) with Industry Share, Growth, Trends Analysis by 2027
This report studiesOutdoor LED Smart Lighting Solution Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Outdoor LED Smart Lighting Solution Market analysis segmented by companies, region, type and applications in the report.
Global Outdoor LED Smart Lighting Solution Market research report offer:
- The global Outdoor LED Smart Lighting Solution market is defined, along with an analysis of several influencing factors like drivers, constraints, opportunities, & challenges.
- Market risk analysis & industry trend analysis are also included in the Outdoor LED Smart Lighting Solution
- The market competition landscape is defined, characterised, & analysed using Porter’s Five Force Analysis & SWOT analysis, with a focus on global primary manufacturers.
- Identification and analysis of micro and macro aspects that influence & will influence market growth in the global Outdoor LED Smart Lighting Solution competitive landscape.
- A comprehensive list of key market participants in the global Outdoor LED Smart Lighting Solution
- It gives a descriptive assessment of demand-supply side analysis in the worldwide Outdoor LED Smart Lighting Solution
- A statistical analysis of certain major economic indicators
- The market is described using figures, charts, graphs, & drawings.
Expected Gowth Value Of Global Outdoor LED Smart Lighting Solution Market :
Outdoor LED Smart Lighting Solution Market size was valued at US$ 0.27 Bn. in 2020 and the revenue is expected to grow at 23.15 % through 2021 to 2027, reaching nearly US$ 1.18 Bn.
Outdoor LED Smart Lighting Solution Market Overview:
TheOutdoor LED Smart Lighting Solution market is growing because to an increasing number of technological advancements and total digital transformation in various sectors around the world. The growth of economies through digitalization is one of the major factors driving large corporations to invest heavily in digital transformation to change their business models in order to gain value-producing opportunities and stay ahead of their competitors while also improving the consistency and quality of their services. The global Outdoor LED Smart Lighting Solution Market, which comprises artificial intelligence, augmented reality, and virtual reality, as well as the internet of things, is developing thanks to the increasing number of internet-connected devices throughout the world.
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Outdoor LED Smart Lighting Solution Market Scope:
This report includes a value-based analysis and forecast for the Outdoor LED Smart Lighting Solution market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Outdoor LED Smart Lighting Solution Market is included in this report. Outdoor LED Smart Lighting Solution Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Outdoor LED Smart Lighting Solution market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Outdoor LED Smart Lighting Solution market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Outdoor LED Smart Lighting Solution Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Outdoor LED Smart Lighting Solution Market Segmentation:
By component, hardware segment dominated the market in 2020 and is expected to keep its dominance over forecast period. Hardware includes lights & luminaries and lighting controls such as LED drivers, smart bulbs and sensors. Introduction of integrated lighting controls with lamps and luminaries are driving the growth of market. A smart bulb is an internet-capable LED light bulb that allows lighting to be customized, scheduled and controlled remotely. Smart bulbs are among the most immediately successful offerings in the growing category of outdoor automation and Internet of Things (IoT) products.
By communication technology, wireless segment dominated the market and is expected to grow at CAGR of XX% during forecast period. Wireless network controlled systems take smart lighting with control strategies such as daylight harvesting, task tuning and scheduling. Wireless lighting system lets user easily control light and create the right ambiance for every moment. In Jan 2020, Signify, the world leader in lighting, is expanding the Philips Hue outdoor collection with a new range of smart wall lights, pathway lights and low-voltage fixtures. With this new collection, bringing any outdoor space to life and setting the mood for any occasion has never been easier.
By application, street lighting segment is dominating the market. Lightening pathways, streets, lanes and by-lanes, walkways has become the key focus area in order to maintain safety as well as vibrancy on the streets, which results into the growth of market. Additionally, stadium and parking segment are expected to grow market at high CAGR. Lighting fixtures are normally used in multi-storey parking areas, and come with an enclosed construction that protects them from moisture, dust and insects.
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Some prominent players in the Outdoor LED Smart Lighting Solution Market include:
• Acuity Brands, Inc.
• General Electric
• Osram Licht AG
• Honeywell International Inc
• Cooper Industries, Inc.
• Schneider Electric SE
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Regional Insights on Outdoor LED Smart Lighting Solution market:
The several sections on regional segmentation provide information on the regional characteristics of the global Outdoor LED Smart Lighting Solution Market. This chapter discusses the regulatory environment that will have an impact on the global market. It highlights the market’s political landscape & anticipates its impact on the worldwide Outdoor LED Smart Lighting Solution industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Outdoor LED Smart Lighting Solution report examines the five areas & their distribution by country:
- North America– (U.S., Canada, and Mexico)
- Europe– (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
- Asia Pacific– (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
- Middle East & Africa– (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
- South America– (Brazil, Argentina, Colombia, and Rest of South America)
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in theOutdoor LED Smart Lighting Solution
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Outdoor LED Smart Lighting Solution Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global Outdoor LED Smart Lighting Solution market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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