A Thorough overview of the Market:
Because of changing customer preferences and technology improvements, the " Outdoor LED Smart Lighting Solution Market" is always changing. Businesses look for well-informed decisions to take full advantage of emerging opportunities in this dynamic market. The Outdoor LED Smart Lighting Solution market is a thriving sector with of opportunities for innovation and expansion. For both enterprises and investors, our analysis provides a strategic resource by highlighting important trends, growth drivers, obstacles, and possible opportunities.
Analysis and Development of the Outdoor LED Smart Lighting Solution Market:
Outdoor LED Smart Lighting Solution Market size was valued at US$ 0.41 Bn. in 2022 and the revenue is expected to grow at 23.15% through 2022 to 2029, reaching nearly US$ 1.78 Bn.
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The extent and approach of market Analysis:
We go further into import and export dynamics, supply-demand equilibrium, cost structures, market shares, sales volumes, revenues, and gross profits in our analysis of the Outdoor LED Smart Lighting Solution market. We assess production capabilities, factory pricing, and market shares of industry participants by examining the manufacturing sector. Global insights provide stakeholders with data-driven research for strategic decision-making by highlighting important manufacturers in a variety of regions.
Classification of the Outdoor LED Smart Lighting Solution Market
by Component
• Software
• Hardware
• Service
By component, hardware segment dominated the market in 2022 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
• Wired
• Wireless
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 2022, 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
• Landscape Light
• Stadium
• Parking
• Waterways
• Others
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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Outdoor LED Smart Lighting Solution Market Location-Based Analysis
We provide a comprehensive regional analysis of the Outdoor LED Smart Lighting Solution market, including market size, growth rates, and import-export activities across various regions. Categorizing regions broadly into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa enables a nuanced understanding of market performance and dynamics, aiding businesses and investors in identifying opportunities across different geographies.
Principal Players in the Outdoor LED Smart Lighting Solution Market Industry
• Philips Lighting Holding B.V
• Acuity Brands, Inc.
• General Electric
• Osram Licht AG
• Honeywell International Inc
• Cooper Industries, Inc.
• Schneider Electric SE
• Digital Lumens, Inc
• Streetlight Vision
• Lutron Electronics Company
• Wipro
• Comarch
• Surya Roshni Ltd.
• Harvell’s India Limited
• Shree Sant Kripa Appliances Pvt. Ltd
• Crompton Greaves Consumer Electricals LTD
• Halonix Technologies Limited
• GE Lighting India Pvt. Ltd.
• Bajaj Electricals Limited
List of Contents : Outdoor LED Smart Lighting Solution Market
Part 01: Executive Summary
Part 02: Scope of the Outdoor LED Smart Lighting Solution Market Report
Part 03: Outdoor LED Smart Lighting Solution Market Landscape
Part 04: Outdoor LED Smart Lighting Solution Market Sizing
Part 05: Outdoor LED Smart Lighting Solution Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Inquiries Addressed
- What defines the Outdoor LED Smart Lighting Solution market?
- What was the market size in 2022?
- What growth rate can we expect?
- Which factors will drive market growth?
- What segments comprise the market?
- How are players strategizing for growth?
- What are the upcoming trends and applications?
- What challenges lie ahead?
- Who are the leading companies and their portfolios?
Key Offerings:
- Historical Market Size and Competitive Landscape (2018 to 2022)
- Pricing trends by region (2018 to 2022)
- Market Size, Share, and Forecast by different segments (2023−2029)
- Insights on Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Profiles of key players from a strategic perspective
- PESTLE Analysis
- PORTER’s Analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- SWOT Analysis highlighting business opportunities
- Strategic Recommendations for stakeholders.
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