DUBLIN--(BUSINESS WIRE)--The "Global Outdoor LED Lighting Market (2022-2027) by Installation Type, Wattage Type, End-Use Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Outdoor LED Lighting Market is estimated to be USD 20.81 Bn in 2022 and is projected to reach USD 46.04 Bn by 2027, growing at a CAGR of 17.21%.
Market dynamics are forces that impact the prices and behaviors of the Global Outdoor LED Lighting Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Outdoor LED Lighting Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Outdoor LED Lighting Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Outdoor LED Lighting Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
Market Dynamics
Drivers
- Need for Improvement in Energy-Efficient Lighting Systems for Highways and Pedestrian for Safety of Drivers
- High Demand for LED Lighting Driven By the Modernization and Development of Infrastructures Such as Smart Cities and Economic Corridors
- Reduction in Prices of LEDs
Restraints
- Lack of Awareness Regarding Installation Costs for Smart Lighting and Payback Periods
- Development of Laser Lights as Alternative Technologies
Opportunities
- Development of Wireless Technology for LED Street Lighting Systems
- Energy Efficiency in Developing Economies
- IoT Technology in Smart Street Lighting and Smart City Projects
Challenges
- Lack of Common Open Standards
- Rapid Rise in Product Testing Costs
- Lack of Customer Ownership in Utility-Owned Street Lighting
Market Segmentation
The Global Outdoor LED Lighting Market is segmented based on Installation Type, Wattage Type, End-Use Application, and Geography.
- By Installation Type, the market is classified into New Installation and Retrofit Installation.
- By Wattage Type, the market is classified into Less Than 50 W, 50-150 W, and More Than 150 W.
- By End-Use Application, the market is classified into Highway and Roadway, Architectural, Public Places, and Others.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Companies Mentioned
- Astute Lighting Ltd
- Bajaj Electrical Ltd
- Bamford Lighting Ltd
- CG Power and Industrial Solutions Ltd
- Cree Inc
- Dialight plc
- Eaton Corp plc
- Evluma
- General Electric Company
- Halco Lighting Technologies
- Hubbell Inc
- Neptun Light Inc
- Osram Licht AG
- Philips Lighting Holding B.V.
- Signify Holding
- Syska LED
- Tapan Solar Energy Pvt Ltd
- Virtual Extension
- Zumtobel Group AG
For more information about this report visit https://www.researchandmarkets.com/r/ad4oo4
