At 5.43% CAGR, LED street lighting Market to Reach 1315.71 Mn USD by 2025

The newly released research at Market Study Report titled “2018-2023 Global LED street lighting Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Selbyville, Delaware - December 12, 2018 /MarketersMedia/ —

The LED street lighting market was valued at around USD 844.12 Mn in the year 2017 and is projected to touch USD 1315.71 Mn by the end of the year 2025, registering a CAGR of 5.43 percent between the years 2018 & 2025. In the coming five years, the United States consumption of LED Street Lighting would observe an upward trend, and the expected consumption in the year 2025 is 7723 (K units).

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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%.
Market Segment by Manufacturers, this report covers:

 Cree
 LEOTEK
 GE Lighting
 Hubbell
 Philips Lighting
 Osram
 Excellence Optoelectronics
 Eaton Cooper
 Acuity Brands
 Kingsun
 LED Roadway Lighting

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.

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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.

Acuity Brands, Cree, and Hubbell held the top three sales valuation share spots in the United States LED Street Lighting market in the year 2017. Cree reportedly dominated the market with 21.78% value share, with Hubbell at the second spot with 17.83% production value share and Acuity Brands at the third spot with 12.68% sales value share.

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.

The main factors augmenting the demand for LED Street Lighting include constantly decreasing LED Street Lighting costs owing to declining production costs together with initiatives undertaken by the US government.
As the LED technology is evolving so quickly, utility establishments and municipalities might have concerns that systems bought today would get outdated or would not be compliant with imminent upgrades. Distinguished manufacturers, however, are creating LED street light products that are future-proof, comprising of replaceable modules that can be exchanged as technology enhances. Additionally, the Department of Energy’s model specification for street luminaires encompasses an optional clause which requires the driver/luminaire to be able to accept a control indication and dim for future control. Once a utility, community, or state successfully deploys an LED street lighting system, it would pave the way for others to follow.

Table of Content:

1 Market Overview

2 Manufacturers Profiles

3 Global LED street lighting Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)

4 Global LED street lighting Market Analysis by Regions

5 North America LED street lighting by Countries

6 Europe LED street lighting by Countries

7 Asia-Pacific LED street lighting by Countries

8 South America LED street lighting by Countries

9 Middle East and Africa LED street lighting by Countries

10 Global LED street lighting Market Segment by Type

11 Global LED street lighting Market Segment by Application

12 LED street lighting Market Forecast (2018-2023)

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

More Details on this Report at: https://www.marketstudyreport.com/reports/global-led-street-lighting-market-by-manufacturers-regions-type-and-application-forecast-to-2023

Related Reports: -

Global LED Street Lighting Market Research Report 2018

In this report, the global LED Street Lighting market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Global LED Street Lighting market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Cree, LEOTEK, GE Lighting, Hubbell, Philips Lighting, Osram

https://www.marketstudyreport.com/reports/global-led-street-lighting-market-research-report-2018

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Source: MarketersMedia

Release ID: 458077