LAMEA Outdoor Lighting Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Application, By Source (LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Outdoor Lighting Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).
A dependable and protected wired or wireless network creates a link between the components that make up a smart lighting network. This link allows for communication in both directions, which is necessary for monitoring and controlling the various lighting operations. Electronic components, light fittings, equipment for storing energy, and network devices for communication are the components that make up an intelligent control system for street lamps. By cutting down on the amount of electricity required for lighting applications, these systems provide a higher level of energy efficiency as well as improved control.
The control and monitoring of smart city street lights allow operators to adjust the brightness levels in the lighting according to factors such as the atmosphere, the amount of daylight present, occupancy, and physical presence. Modern LED street luminaires can connect to a smart remote management system that is smart and allows the control of several operating scenarios for the lighting. It is possible to modify the level of intensity of the light to correspond with the climate on any given day, depending on the time of year.
The remote lighting control in smart poles makes it possible to make more precise adjustments, modifications, and monitoring of the length of time the lights are on and to what degree they are illuminated. In addition, the data that is supplied via linked systems reflect abnormal behavior from individual lamps as well as the failure of individual lamps. This decreases the frequency of periodic maintenance checks of the lighting control and lowers the expenses associated with operations and maintenance. The adoption of smart outdoor lighting systems is boosted due to these advantages.
By making steady progress toward integrating internet of things technology, the Middle East and Africa are now setting the standard for smart city initiatives. In order to develop solutions for smart cities in several different nations, several governments and firms that supply technology are working together in the area. For instance, in 2018, Technology Strategies Middle East, in conjunction with Software AG and Cumulocity IoT as the platform provider, successfully finished the smart city project in Abu Dhabi, United Arab Emirates (UAE).
The Brazil market dominated the LAMEA Outdoor Lighting Market by Country in 2021; thereby, achieving a market value of $496.9 Million by 2028. The Argentina market is showcasing a CAGR of 11.4% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 10.5% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Commercial and Residential. Based on Source, the market is segmented into LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Outdoor Lighting Market is Projected to reach USD 23.2 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Acuity Brands Lighting, Inc., Signify N.V., Zumtobel Group AG, Cree, Inc. (SMART Global Holdings, Inc.), OSRAM GmbH (AMS AG), Eaton Corporation PLC, Hubbell Incorporated, Virtual Extension Ltd. and Syska LED Lights Private Limited
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- LED Lights
- High-Intensity Discharge Lamps
- Fluorescent Lights
- Plasma Lamps
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company
- Acuity Brands Lighting, Inc.
- Signify N.V.
- Zumtobel Group AG
- Cree, Inc. (SMART Global Holdings, Inc.)
- OSRAM GmbH (AMS AG)
- Eaton Corporation PLC
- Hubbell Incorporated
- Virtual Extension Ltd.
- Syska LED Lights Private Limited
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