U.S. outdoor LED lighting market is expected to reach million by 2025 and is projected to register a healthy CAGR of 7.1% in the forecast period of 2018 to 2025.
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Some of the prominent participants operating in this market are Philips Lighting Holding B.V., General Electric, OSRAM , Cree, Inc., Zumtobel Group AG , Eaton , Dialight, GOOEE, EVLUMA and among others.
U.S. Outdoor LED lights are highly cost-effective as compared to conventional incandescent bulbs and compact fluorescent light bulbs. According to U.S. Department of Energy, ENERGY STAR LEDs can save the 75% consumption of electricity. The life of LED is high as compare to traditional incandescent bulbs and compact fluorescent light bulbs. The life of LED is 25 times than life of traditional incandescent bulbs. For instance, according to U.S. Department of Energy, life of LED is around 25,000 hours, where life of traditional incandescent bulbs is around 1000 hours.
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The U.S. outdoor LED lighting market is segmented into four notable segments which are offering type installation type, wattage type and application
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Post time: May-17-2019