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Global LED Street Light Market 2023 - By End-User Analysis, Industry Overview, Technological Advancement, Driving Factors And Forecast To 2032
LED Street Light Market
LED Street Light Market Size, Growth Rate, And Forecast
The global LED street light market size is expected to grow from $9.71 billion in 2022 to $11.91 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global LED street light market size is expected to reach $25.57 billion in 2027 at a CAGR of 21.1%.
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LED Street Light Market Drivers
The development of smart cities around the globe is driving the LED street light market going forward. Smart cities refer to an administrative territory that uses information and communication technology (ICT) to improve its operational efficiency and provide better infrastructural facilities to its residents.
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LED Street Light Market Segments
• By Connectivity: Wired, Wireless
• By Sales Channels: Direct, Indirect
• By Applications: Retrofit, Retail And Hospitality, Outdoor, Offices, Architectural, Residential, Industrial, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the LED Street Light market.
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LED Street Light Market Key Players
Major competitors in the LED Street Light market include Philips Lighting, Eaton Corporation PLC., OSRAM GmbH, Pkk Lighting Inc., Pemco Lighting Products LLC, Hubbell Inc.
The Business Research Company's "Global LED Street Light Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The LED Street Light Market Include:
1. Executive Summary
2. LED Street Light Market Characteristics
3. LED Street Light Market Trends And Strategies
4. LED Street Light Market - Macro Economic Scenario
5. LED Street Light Market Size And Growth
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26. Africa LED Street Light Market
27. LED Street Light Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The LED Street Light Market
29. LED Street Light Market Future Outlook and Potential Analysis
30. Appendix
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