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Global Outdoor Lighting Market Research Report: by Lighting Type (LED Lamps, HID Lamps, Plasma Lamps, Fluorescent Light), By Distribution Channel (Retail, Commercial), By Application (Street Lighting, Highways, Stadiums, Parking Lots, Tunnel Lights, Parks, Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) — Forecast till 2025Outdoor Lighting MarketMarket HighlightsThe global market for outdoor lighting was valued at USD 9.4 billion in 2018; it is expected to reach USD 25.2 billion by the end of the forecast period at a CAGR of 15.0%.

The trend of outdoor lighting is gaining popularity and companies are continuously focusing on developing technologies for roadways and highways applications.

Increasing government focus on energy-efficient light sources and energy conservation is expected to drive the market during the forecast period.

General Electric Company has developed Evolve LED lighting fixtures for outdoor work yards, roadside commercial establishments, suburban developments, and rural areas.Regional AnalysisAsia-Pacific is expected to grow at the highest CAGR during the forecast period due to a number of smat city initiatives, growing smart building market, and many other development projects.

China, Japan, Taiwan, and India are expected to dominate the market and Australia, Singapore, and New-Zealand are expected to grow at a steady rate during the forecast period.

Click for free sample: https://www.marketresearchfuture.com/sample_request/8340Outdoor Lighting MarketGovernment initiatives regarding smart lighting control systems are expected to drive the market in European countries.

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Parking lot lights are also called Led Area Light Dallas TX that is commonly mounted on poles located in parkways, pathways, and driveways.

This type of exterior lighting provides illumination to large areas.

Area lights are the best choice for parking and area lighting applications.

Area light delivers the best class energy efficiency, functionality, and dependability.

Common parking lot lamp ranges from 100 to 1000 watts.

Maintenance costs are a big concern in the outdoor application; our LED lights are maintenance-free.

The Outdoor LED Lighting Market is projected to grow at a significant rate during the forecast period, 2017 to 2023 due to the emphasis of governments on the safety of drivers by ensuring clear visibility.

Outdoor LED lighting is used for busy highways & roadways, wherein visibility is of crucial importance.

It is increasingly implemented across highways, streets, and roadways to control energy consumption.

Development of wireless technologies for outdoor LED lighting systems, growing usage of the systems/solutions that use LED lighting, and increasing consumer awareness about the importance of energy saving are the major opportunities for the growth of the outdoor LED lighting market.The main building blocks of the value chain of the outdoor LED lighting market comprise research & product development, manufacturing & assembling, system integrators, and end users.

The key players operating in the outdoor LED lighting market include Philips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Hubbell Incorporated (U.S.), Cree, Inc. (U.S.), Eaton Corporation Plc.

These players have adopted various growth strategies, such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to expand their global presence and increase their shares in the outdoor LED lighting market.Speak to Analyst : https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=211822268Philips Lighting Holding B.V. (Netherlands) is one of the global leaders in lighting products, systems, and services.

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