Skip to main content

Outdoor Lighting Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

The global outdoor lighting market, which generated $10.7 billion in 2019, would grow at a 7.3% CAGR between 2020 and 2030, to reach $23.8 billion by 2030. This is simply because, as more roads and highways are constructed, an increasing number of lighting fixtures would be installed along them. Moreover, the sale of automobiles is surging in developing countries, which is also pushing the rate of road transport infrastructure development.

The COVID-19 pandemic has not only stalled such infrastructure development projects in most of the affected countries, but also halted the supply of the electronic components of lights from original equipment manufacturers (OEMs), especially those in China. In addition, the lockdown measures imposed by the government in numerous countries, including a partial or complete ban on people traveling for leisure purposes, has ill-affected the transportation as well as the travel and hospitality sector, which has, in turn, led to a lower demand for outdoor lighting fixtures.



In the coming years, direct sale is expected to be the more-popular distribution channel for outdoor lighting fixtures. This is because of the growing installation rate of LED streetlights at highways, airports, roads,jogging tracks, parking lots,bridges, and village squares. Private builders, government bodies,and contractors, who are the major procurers of such products, prefer to buy them through the direct sales channels of manufacturing companies, as such projects generally require lighting fixtures in bulk.


Asia-Pacific (APAC) is presently the most productive outdoor lighting market, as this region is the largest manufacturer, distributor, and exporter of energy-efficient lighting systems in the world. Additionally, in several regional nations, initiatives are being taken to replace conventional lights with LEDs; for instance, under the Street Light National Programme (SLNP) launched in 2015, Government of India aims to install 35 million LEDs in place of conventional streetlights.

This market research report provides a comprehensive overview of the outdoor lighting market
  • Historical and the present size of the outdoor lighting market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

Comments

Post a Comment

Popular posts from this blog

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...
Post a Comment
Read more