Dublin, June 02, 2021 (GLOBE NEWSWIRE) -- The "LED Street Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global LED street light market exhibited strong growth during 2015-2020. The LED technology has evolved significantly over time, which has led to a reduction in their production costs and simultaneous improvements in efficiency and performance characteristics. These enhancements have enabled the technology to be combined with roadway and exterior area lighting such as streetlights and floodlights. Nowadays, the incorporation of street lighting with energy-efficient, modern LED systems has presented numerous opportunities for building a secure and connected city lighting network. On account of their longer lifespan and lower energy consumption, various cities around the world have adopted LED streetlights.
The development of smart cities represents the key factor driving the demand for LED streetlights. The installation of connected LED street lighting in smart cities projects serves as a contributor to the broader renovation of aging city infrastructure. The implementation of the connected street lighting program through a mobile network with a Centralized Management System (CMS) enables city managers to control and monitor lighting assets remotely. Moreover, a global shift from traditional lighting systems is also having a positive impact on market growth. Governments of various nations are taking initiatives to replace old streetlights with LED variants. For instance, cities in Canada and the United Kingdom have recently introduced projects for installing smart lighting systems. Besides this, starting from September 2019, the Government of Malaysia will replace all the streetlights in the country from incandescent or fluorescent bulbs to LED lights. Looking forward, the publisher expects the global LED street light market to grow at a CAGR of 13.5% during the forecast period (2021-2026).
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global LED street light market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region and application.
Break up by Application:
- Retrofit
- Retail & Hospitality
- Outdoor
- Offices
- Architectural
- Residential
- Industrial
Currently, LED lighting is majorly used for retrofitting purposes in which the inefficient light sources are replaced with LED lights in order to enhance optical performance and energy efficiency. The other major applications include retail & hospitality, outdoor, offices, architectural, residential and industrial.
Regional Insights:
- India
- China
- Europe
- United States
- Japan
- Brazil
- Russia
- On a regional basis, the report finds that China is the largest market for LED lighting, holding the majority of the global market share. This can be attributed to increasing urbanization, implementation of local energy saving targets and introduction of financial subsidies to promote the usage of LED lights across the nation.
Competitive Landscape:
The competitive landscape of the LED lighting industry has also been analyzed with details of the key players operating in the market across the globe.
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Lighting Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 LED Street Light Market
5.5 Market Breakup by Region
5.6 Market Breakup by Application
5.7 Market by LED Products: LED Lamps, Modules and Fixtures
5.7.1 Current and Historical Market Trends
5.7.2 Market Forecast
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Primary Raw Materials Suppliers
5.10.2 LED Chip Manufacturers
5.10.3 LED Package and Module Manufacturers
5.10.4 Lighting Products, Electronic Products and Automotive Part Manufacturers
5.10.5 Product Distribution
5.10.6 End Users
5.11 Porter's Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Key Success and Risk Factors for LED Street Light Manufacturers
5.13 Comparative Analysis of CFL and LED
5.14 Price Analysis
5.14.1 Key Price Indicators
5.14.2 Price Structure
6 Performance of Key Regions
6.1 India
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 China
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 United States
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Japan
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Brazil
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Russia
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Other Regions
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market by Application
7.1 Retrofit
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Retail & Hospitality
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Outdoor
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Offices
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Architectural
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Residential
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Industrial
7.7.1 Market Trends
7.7.2 Market Forecast
8 Competitive Landscape
8.1 Market Structure
8.2 Market breakup by Key Players
9 LED Street Light Manufacturing Process
9.1 Product Overview and Specifications
9.2 Key Features and Advantages
9.3 Key Application Areas
9.3.1 Residential Street Lighting
9.3.2 Highways and Interchanges
9.3.3 Railway Crossings
9.3.4 Tunnels
9.3.5 Bridges
9.3.6 Housing Complexes and Warehouses
9.4 Popular Shapes and Sizes
9.5 Design Material Alternatives
9.5.1 Aluminium Die Cast Frame
9.5.2 Aluminium Die Cast Frame with Metallic Silver/Grey Finish
9.5.3 Aluminium Die Cast Frame with UV Treated Coating
9.5.4 Nylon Plastic Material Frame
9.5.5 Plastic Lens or Tempered Glass Lens
9.6 Manufacturing Process
9.7 Raw Material Requirements
9.8 Raw Material Pictures
10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis
13 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/kbp3px