The revenue mix of most of the companies of Road Lighting Market may change in coming time. One of the important factors would be the shift in topline of the clientele that will push them hard to adopt innovation and spend more on R&D to meet ever dynamic evolving requirements. Some of the players who are preparing for their clients future revenue shift will ride the tide, while others might find it challenging to sustain. To cite an in-depth market outlook AMA released its new publication on Road Lighting Market with coverage over 100+ industry players, some of the profiled players are Koninklijke Philips N.V. (Netherlands), General Electric Company (United States), Cree, Inc. (United States), Acuity Brands, Inc. (United States), OSRAM Licht AG (Germany), Eaton Corp Plc. (Ireland), Hubbell Incorporated (United States) and Bridgelux (United States).
According to the report, Increased Demand for Intelligent Solutions in Road Lighting Systems
is one of the primary growth factors for the market. Need for Improvement in Visibility and Safety of Drivers, Riders, and Pedestrians
is also expected to contribute significantly to the Road Lighting market. Overall, Highways
applications of Road Lighting, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Offerings, such as Hardware, is boosting the Road Lighting market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Road Lighting market identified that the demand is rising in many different parts of the world as "Energy Efficiency in Developing Economies
". Furthermore, some recent industry insights like "GE (US) introduced Amazon Alexa-embedded lighting. It is a voice-driven lighting system for the residential application, which features with visual clock and sleep-enhancing light, among others." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Road Lighting market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Road Lighting market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Road Lighting market tight? Which application/end-user category or Product Type [Traditional Lighting and LED Lighting] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Road Lighting market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Road Lighting market size is calculated using market estimation process, the Road Lighting market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Road Lighting market size has been validated using both top-down and bottom-up approaches.