Semiconductor

  Market Highlights The 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. In May 2019, the European Union adopted new guidance on roadway lighting installations. In this guidance, all the light sources must be equipped with controls that allow dimming to at least 50% of the maximum light output with a dimming control target of maximum 10%. Siteco GmbH develops town and park luminaires, road luminaires, and tunnel luminaires with energy efficiency and high light quality for safety and security. General Electric Company has developed Evolve LED lighting fixtures for o...

  Market Analysis  The global outdoor lighting market size is likely to touch USD 25.2 billion at a 15.0% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) outdoor lighting market statistics. Outdoor lighting, put simply, is the fixed artificial lighting for illuminating the outdoor areas. This lighting is used to add aesthetic appeal and boost security and safety. Various factors are fuelling the global outdoor lighting market share. As per the recent MRFR market estimates, such factors include the rising adoption of energy-efficient and cost-effective products, growing focus by the government on energy conservations, creation of wireless technologies for outdoor lighting systems, the use of IoT technology for smart city projects as well as smart street lighting, increasing initiatives by the government towards energy efficiency, rising disposable income, growing population, and rising infrastructure development. On the contrary, le...