LED street lighting Market Growth Opportunities, Driving Factors by Manufacturers, Regions, Type and Application, Forecast Analysis to 2025
LED street lighting Market-New Research Report Announced with business priorities in order to assist companies to realign their business strategies.
Los Angeles, United States – September 29, 2018 /MarketersMedia/ —
This report studies the LED street lighting market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
An LED Street Lighting (also referred to as LED road lighting) is an integrated light, emitting diode (LED) light fixture that is used for street lighting.
Cree, LEOTEK, GE Lighting captured the top three sales value share spots in the U.S. LED Street Lighting market in 2015. Cree dominated with 37 percent production value share, followed by LEOTEK with 32.67 percent production value share and GE Lighting with 13.25 percent sales value share.
In the next five years, the U.S. consumption of LED Street Lighting will show upward tendency further, consumption is expected in 2021 will be 4151.42 (K units). The average operating rate will remain at 33.85%.
Key factors boosting the demand for LEDs Street Lighting include continuously declining LED Street Lighting prices due to decreasing production cost coupled with initiatives taken by the US government.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of LED Street Lighting brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
The global LED street lighting market was 240 million US$ in 2017 and is expected to 290 million US$ by the end of 2025, growing at a CAGR of 2.5% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of LED street lighting in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Cree
LEOTEK
GE Lighting
Hubbell
Philips Lighting
Osram
Excellence Optoelectronics
Eaton Cooper
Acuity Brands
Kingsun
LED Roadway Lighting
By the product type, the market is primarily split into
150W
By the end users/application, this report covers the following segments
Highway
Arterials
Subsidiary Road& Residential Streets
Others
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