(EMAILWIRE.COM, March 20, 2019 ) The report "Outdoor LED Lighting Market by Installation Type (New, Retrofit), End Use Application (Highways & Roadways, Architectural, Public Places), Offering (Hardware, Software & Services), Wattage Type, Region - Global Forecast to 2023", The outdoor LED lighting market is projected to reach USD 21.95 Billion by 2023, at a CAGR of 13.7% during the forecast period, 2017 to 2023.

Don’t miss out on business opportunities in Outdoor LED Lighting Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=211822268

The outdoor LED lighting market has been segmented on the basis of installation type, wattage type, end-use application, offering, and region. The market size estimations for these segments, with key trends and market dynamics, have been covered in separate chapters in this report.

In 2016, the highways & roadways end-use application segment led the outdoor LED lighting market. However, the public places segment of the market is projected to grow at the highest CAGR during the forecast period, 2017 to 2023. The growth of the public places segment of the market can be attributed to the increasing infrastructural activities across the globe.

The retrofit installation type segment of the outdoor LED lighting market is projected to grow at the highest CAGR during the forecast period. The growth of the retrofit installation type segment of the market is due to the increasing replacement of incandescent lamps in the existing infrastructures with energy-efficient light sources such as LED lamps. These incandescent lamps are being slowly phased out, and the fixtures are being retrofitted with LED lamps as they have a long lifespan and consume less energy.

Browse and in-depth TOC on "Outdoor LED Lighting Market"

62 - Tables
52 - Figures
147 - Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/outdoor-led-lighting-market-211822268.html

The hardware offering segment is expected lead the outdoor LED lighting market from 2017 to 2023. The growth of the hardware offering segment can be attributed to the increasing demand for LED luminaries from the new installations across the globe.

The Asia Pacific region held the largest share of the market in 2016. The European region is projected to account for the second-largest share of the market by 2023. The high standard of living of the masses in the European region has led to the construction of smart homes in the region, which are fitted with several and innovative outdoor LED lighting systems. This, in turn, has led to the growth of the Europe outdoor LED lighting market. The Asia Pacific outdoor LED lighting market is projected to grow at the highest CAGR during the forecast period due to ongoing infrastructure modernization projects in the emerging economies, such as China and India for the construction of several smart cities.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=211822268

Lack of awareness among masses regarding the installation costs of outdoor LED lights and payback period, and development of alternate technologies such as laser technology are the major restraints for the growth of the outdoor LED lighting market. The major players operating in the market are Phillips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Cree, Inc. (U.S.), and Hubbell Incorporated (U.S.), among others. These key players have adopted various strategies, such as new product launches partnerships, collaborations, and expansions to enhance their revenues in the market.

Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/