Global Outdoor LED Smart Lighting Solution Market Growth (Status and Outlook) 2023-2029

Global Outdoor LED Smart Lighting Solution Market Growth (Status and Outlook) 2023-2029

Smart lighting is a lighting technology designed for energy efficiency. This may include high efficiency fixtures and automated controls that make adjustments based on conditions such as occupancy or daylight availability. Lighting is the deliberate application of light to achieve some aesthetic or practical effect. It includes task lighting, accent lighting, and general lighting.

LPI (LP Information)' newest research report, the “Outdoor LED Smart Lighting Solution Industry Forecast” looks at past sales and reviews total world Outdoor LED Smart Lighting Solution sales in 2022, providing a comprehensive analysis by region and market sector of projected Outdoor LED Smart Lighting Solution sales for 2023 through 2029. With Outdoor LED Smart Lighting Solution sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Outdoor LED Smart Lighting Solution industry.

This Insight Report provides a comprehensive analysis of the global Outdoor LED Smart Lighting Solution landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Outdoor LED Smart Lighting Solution portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Outdoor LED Smart Lighting Solution market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Outdoor LED Smart Lighting Solution and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Outdoor LED Smart Lighting Solution.

The global Outdoor LED Smart Lighting Solution market size is projected to grow from US$ 4992.9 million in 2022 to US$ 8046 million in 2029; it is expected to grow at a CAGR of 7.1% from 2023 to 2029.

19% of energy use in the world is used for lighting, and 6% of greenhouse emissions in the world derive from this energy used for lighting. In the United States, 65 percent of energy consumption is used by commercial and industrial sectors, and 22 percent of this is used for lighting. The advances achieved in photonics are already transforming society just as electronics revolutionized the world in recent decades and it will continue to contribute more in the future. The outdoor light emitting diode smart lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps is attractive.

This report presents a comprehensive overview, market shares, and growth opportunities of Outdoor LED Smart Lighting Solution market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software
Services

Segmentation by application
Street Lighting
Landscape Lighting
Stadium
Parking
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Philips Lighting Holding
Acuity Brands
General Electric
Osram Licht
Honeywell
ABB(Cooper Industries)
Schneider Electric
Digital Lumens
Streetlight. Vision
Lutron Electronics Company

Please note: The report will take approximately 2 business days to prepare and deliver.