During the forecast period, 2020-2025, the LED street light market is projected to register a CAGR of 13% and is valued at USD 3.4 billion in 2019. Below information is analyzed in depth in the report-
Global LED Street Light Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global LED Street Light Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five LED Street Light companies in 2023 (%)
Market Growth Mapping
Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.
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LED Street Light Market Segmentation:
This study offers a thorough segmentation of the LED Street Light market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the LED Street Light market.
Based on the power, the LED street light market has been segmented into –
Less Than 50W
50-150W
More than 150W
Based on the end-use industry, the LED street light market has been segmented into –
Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial
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The key companies covered in the market report are:
Philips Electronics N.V.
Honeywell international
Osram GmbH
Acuity Brands Incorporated
Digital Lumens Incorporated
Lutron Electronics Corporate
Streetlight Vision
Cooper Lighting division
Matsushita Electric Industrial Corporate
Bajaj Electricals
Zumtobel AG (Thorn Lighting)
Signify Holding
Su-Kam Power Systems Limited
Eaton Corporation PLC
Hubbell Incorporated