New business opportunities in outdoor LED lighting

 According to the market research agency MarketsandMarkets report shows that by 2023, the global outdoor LED lighting market value will reach 21.95 billion US dollars, and in the forecast period from 2017 to 2023, will grow at a compound annual growth rate of 13.7%.

The growth of the outdoor LED lighting market can be attributed to the increase in outdoor visibility requirements, the need to ensure the safety of drivers and passers-by, and the modernization of infrastructure. In addition, factors such as low energy consumption and high cost efficiency of LEDs have also contributed to the growth of the global outdoor LED lighting market.

From 2017 to 2023, LED lamps with new installation methods will become the main factors driving the growth of the outdoor LED lamp market.

Outdoor LED lighting with new installation method has the advantages of long service life and energy saving, so it is very popular among consumers. Despite the high cost of outdoor LED lighting technology, installation and maintenance costs are relatively low.

During the forecast period, 50-watt to 150-watt lamps will help promote the growth of the LED lighting market. The reason for this type of market growth can be attributed to the gradual adoption of LED outdoor lighting outdoors around the world, which is energy efficient and has low maintenance costs. This type of LED outdoor lighting is mainly used for highways and roads.

During the forecast period, the outdoor LED lighting market in the Asia-Pacific region has a high compound annual growth rate. The growth of the market in the region can be attributed to the development and optimization of modern infrastructure in the city. Countries and regions such as Australia, Taiwan, Singapore, and Vietnam are experiencing huge economic growth and urbanization, thereby greatly increasing the demand for outdoor LED lighting systems in these countries.

New business opportunities in outdoor LED lighting

According to the market research agency MarketsandMarkets report shows that by 2023, the global outdoor LED lighting market value will reach 21.95 billion US dollars, and in the forecast period from 2017 to 2023, will grow at a compound annual growth rate of 13.7%.

The growth of the outdoor LED lighting market can be attributed to the increase in outdoor visibility requirements, the need to ensure the safety of drivers and passers-by, and the modernization of infrastructure. In addition, factors such as low energy consumption and high cost efficiency of LEDs have also contributed to the growth of the global outdoor LED lighting market.

From 2017 to 2023, LED lamps with new installation methods will become the main factors driving the growth of the outdoor LED lamp market.

Outdoor LED lighting with new installation method has the advantages of long service life and energy saving, so it is very popular among consumers. Despite the high cost of outdoor LED lighting technology, installation and maintenance costs are relatively low.

During the forecast period, 50-watt to 150-watt lamps will help promote the growth of the LED lighting market. The reason for this type of market growth can be attributed to the gradual adoption of LED outdoor lighting outdoors around the world, which is energy efficient and has low maintenance costs. This type of LED outdoor lighting is mainly used for highways and roads.

During the forecast period, the outdoor LED lighting market in the Asia-Pacific region has a high compound annual growth rate. The growth of the market in the region can be attributed to the development and optimization of modern infrastructure in the city. Countries and regions such as Australia, Taiwan, Singapore, and Vietnam are experiencing huge economic growth and urbanization, thereby greatly increasing the demand for outdoor LED lighting systems in these countries.