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Global Outdoor LED Retrofit Market Research Report 2024
Synopsis
LED retrofitting can be more cost effective in comparison to installing new lighting fixtures. The complexity of an LED lighting retrofit can vary greatly, from screwing in a new LED light bulb to a complete rewiring and new hardware for the fixture. This being said, it is usually relatively easy to upgrade from energy saving fluorescent lighting to LED lighting, as extensive rewiring isn’t required. It is also much less expensive than replacing the whole fixture, cutting the payback period of install, compared to that of buying new light fittings.
Global Outdoor LED Retrofit market is projected to reach US$ 1863.1 million in 2029, increasing from US$ 1302 million in 2022, with the CAGR of 5.1% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Outdoor LED Retrofit market research.
There are many benefits to be gained through switching to LED. Because of this, LED lights are replacing traditional lighting technology across a wide spectrum of lighting applications. Predominantly with more advanced technology, sensors, controls, energy efficiency, biodynamic and colour scales encouraging good health, as well as better installation, design and longer lifespans. Reduced operating costs including recurring maintenance costs and improved lighting quality are key benefits. Switching from traditional lighting solutions to LED lighting helps to reduce energy usage by 75% or more. There are also creative business opportunities and financing options to complete an LED retrofit or conversion. Examples include partnering with Energy Savings Companies (ESCOs) or applying for government funding.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Outdoor LED Retrofit market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Cree
Stouch Lighting
Eaton
ThinkLite
Zumtobel
OSRAM Licht
Epistar
General Electric
Acuity Brands
Tridonic
Premier Lighting
Philips Lighting Holdings
Hilumz
Fulham
LITE LUME Corporation
Shanghai Edge Light Industry
Segment by Type
Dimmable
Non-Dimmable
Segment by Application
Residential
Commercial
Industrial
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Outdoor LED Retrofit report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
LED retrofitting can be more cost effective in comparison to installing new lighting fixtures. The complexity of an LED lighting retrofit can vary greatly, from screwing in a new LED light bulb to a complete rewiring and new hardware for the fixture. This being said, it is usually relatively easy to upgrade from energy saving fluorescent lighting to LED lighting, as extensive rewiring isn’t required. It is also much less expensive than replacing the whole fixture, cutting the payback period of install, compared to that of buying new light fittings.
Global Outdoor LED Retrofit market is projected to reach US$ 1863.1 million in 2029, increasing from US$ 1302 million in 2022, with the CAGR of 5.1% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Outdoor LED Retrofit market research.
There are many benefits to be gained through switching to LED. Because of this, LED lights are replacing traditional lighting technology across a wide spectrum of lighting applications. Predominantly with more advanced technology, sensors, controls, energy efficiency, biodynamic and colour scales encouraging good health, as well as better installation, design and longer lifespans. Reduced operating costs including recurring maintenance costs and improved lighting quality are key benefits. Switching from traditional lighting solutions to LED lighting helps to reduce energy usage by 75% or more. There are also creative business opportunities and financing options to complete an LED retrofit or conversion. Examples include partnering with Energy Savings Companies (ESCOs) or applying for government funding.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Outdoor LED Retrofit market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Cree
Stouch Lighting
Eaton
ThinkLite
Zumtobel
OSRAM Licht
Epistar
General Electric
Acuity Brands
Tridonic
Premier Lighting
Philips Lighting Holdings
Hilumz
Fulham
LITE LUME Corporation
Shanghai Edge Light Industry
Segment by Type
Dimmable
Non-Dimmable
Segment by Application
Residential
Commercial
Industrial
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Outdoor LED Retrofit report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Outdoor LED Retrofit Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Dimmable
1.2.3 Non-Dimmable
1.3 Market by Application
1.3.1 Global Outdoor LED Retrofit Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Outdoor LED Retrofit Market Perspective (2018-2029)
2.2 Outdoor LED Retrofit Growth Trends by Region
2.2.1 Global Outdoor LED Retrofit Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Outdoor LED Retrofit Historic Market Size by Region (2018-2023)
2.2.3 Outdoor LED Retrofit Forecasted Market Size by Region (2024-2029)
2.3 Outdoor LED Retrofit Market Dynamics
2.3.1 Outdoor LED Retrofit Industry Trends
2.3.2 Outdoor LED Retrofit Market Drivers
2.3.3 Outdoor LED Retrofit Market Challenges
2.3.4 Outdoor LED Retrofit Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Outdoor LED Retrofit Players by Revenue
3.1.1 Global Top Outdoor LED Retrofit Players by Revenue (2018-2023)
3.1.2 Global Outdoor LED Retrofit Revenue Market Share by Players (2018-2023)
3.2 Global Outdoor LED Retrofit Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Outdoor LED Retrofit Revenue
3.4 Global Outdoor LED Retrofit Market Concentration Ratio
3.4.1 Global Outdoor LED Retrofit Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Outdoor LED Retrofit Revenue in 2022
3.5 Outdoor LED Retrofit Key Players Head office and Area Served
3.6 Key Players Outdoor LED Retrofit Product Solution and Service
3.7 Date of Enter into Outdoor LED Retrofit Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Outdoor LED Retrofit Breakdown Data by Type
4.1 Global Outdoor LED Retrofit Historic Market Size by Type (2018-2023)
4.2 Global Outdoor LED Retrofit Forecasted Market Size by Type (2024-2029)
5 Outdoor LED Retrofit Breakdown Data by Application
5.1 Global Outdoor LED Retrofit Historic Market Size by Application (2018-2023)
5.2 Global Outdoor LED Retrofit Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Outdoor LED Retrofit Market Size (2018-2029)
6.2 North America Outdoor LED Retrofit Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Outdoor LED Retrofit Market Size by Country (2018-2023)
6.4 North America Outdoor LED Retrofit Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Outdoor LED Retrofit Market Size (2018-2029)
7.2 Europe Outdoor LED Retrofit Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Outdoor LED Retrofit Market Size by Country (2018-2023)
7.4 Europe Outdoor LED Retrofit Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Outdoor LED Retrofit Market Size (2018-2029)
8.2 Asia-Pacific Outdoor LED Retrofit Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Outdoor LED Retrofit Market Size by Region (2018-2023)
8.4 Asia-Pacific Outdoor LED Retrofit Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Outdoor LED Retrofit Market Size (2018-2029)
9.2 Latin America Outdoor LED Retrofit Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Outdoor LED Retrofit Market Size by Country (2018-2023)
9.4 Latin America Outdoor LED Retrofit Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Outdoor LED Retrofit Market Size (2018-2029)
10.2 Middle East & Africa Outdoor LED Retrofit Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Outdoor LED Retrofit Market Size by Country (2018-2023)
10.4 Middle East & Africa Outdoor LED Retrofit Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Cree
11.1.1 Cree Company Detail
11.1.2 Cree Business Overview
11.1.3 Cree Outdoor LED Retrofit Introduction
11.1.4 Cree Revenue in Outdoor LED Retrofit Business (2018-2023)
11.1.5 Cree Recent Development
11.2 Stouch Lighting
11.2.1 Stouch Lighting Company Detail
11.2.2 Stouch Lighting Business Overview
11.2.3 Stouch Lighting Outdoor LED Retrofit Introduction
11.2.4 Stouch Lighting Revenue in Outdoor LED Retrofit Business (2018-2023)
11.2.5 Stouch Lighting Recent Development
11.3 Eaton
11.3.1 Eaton Company Detail
11.3.2 Eaton Business Overview
11.3.3 Eaton Outdoor LED Retrofit Introduction
11.3.4 Eaton Revenue in Outdoor LED Retrofit Business (2018-2023)
11.3.5 Eaton Recent Development
11.4 ThinkLite
11.4.1 ThinkLite Company Detail
11.4.2 ThinkLite Business Overview
11.4.3 ThinkLite Outdoor LED Retrofit Introduction
11.4.4 ThinkLite Revenue in Outdoor LED Retrofit Business (2018-2023)
11.4.5 ThinkLite Recent Development
11.5 Zumtobel
11.5.1 Zumtobel Company Detail
11.5.2 Zumtobel Business Overview
11.5.3 Zumtobel Outdoor LED Retrofit Introduction
11.5.4 Zumtobel Revenue in Outdoor LED Retrofit Business (2018-2023)
11.5.5 Zumtobel Recent Development
11.6 OSRAM Licht
11.6.1 OSRAM Licht Company Detail
11.6.2 OSRAM Licht Business Overview
11.6.3 OSRAM Licht Outdoor LED Retrofit Introduction
11.6.4 OSRAM Licht Revenue in Outdoor LED Retrofit Business (2018-2023)
11.6.5 OSRAM Licht Recent Development
11.7 Epistar
11.7.1 Epistar Company Detail
11.7.2 Epistar Business Overview
11.7.3 Epistar Outdoor LED Retrofit Introduction
11.7.4 Epistar Revenue in Outdoor LED Retrofit Business (2018-2023)
11.7.5 Epistar Recent Development
11.8 General Electric
11.8.1 General Electric Company Detail
11.8.2 General Electric Business Overview
11.8.3 General Electric Outdoor LED Retrofit Introduction
11.8.4 General Electric Revenue in Outdoor LED Retrofit Business (2018-2023)
11.8.5 General Electric Recent Development
11.9 Acuity Brands
11.9.1 Acuity Brands Company Detail
11.9.2 Acuity Brands Business Overview
11.9.3 Acuity Brands Outdoor LED Retrofit Introduction
11.9.4 Acuity Brands Revenue in Outdoor LED Retrofit Business (2018-2023)
11.9.5 Acuity Brands Recent Development
11.10 Tridonic
11.10.1 Tridonic Company Detail
11.10.2 Tridonic Business Overview
11.10.3 Tridonic Outdoor LED Retrofit Introduction
11.10.4 Tridonic Revenue in Outdoor LED Retrofit Business (2018-2023)
11.10.5 Tridonic Recent Development
11.11 Premier Lighting
11.11.1 Premier Lighting Company Detail
11.11.2 Premier Lighting Business Overview
11.11.3 Premier Lighting Outdoor LED Retrofit Introduction
11.11.4 Premier Lighting Revenue in Outdoor LED Retrofit Business (2018-2023)
11.11.5 Premier Lighting Recent Development
11.12 Philips Lighting Holdings
11.12.1 Philips Lighting Holdings Company Detail
11.12.2 Philips Lighting Holdings Business Overview
11.12.3 Philips Lighting Holdings Outdoor LED Retrofit Introduction
11.12.4 Philips Lighting Holdings Revenue in Outdoor LED Retrofit Business (2018-2023)
11.12.5 Philips Lighting Holdings Recent Development
11.13 Hilumz
11.13.1 Hilumz Company Detail
11.13.2 Hilumz Business Overview
11.13.3 Hilumz Outdoor LED Retrofit Introduction
11.13.4 Hilumz Revenue in Outdoor LED Retrofit Business (2018-2023)
11.13.5 Hilumz Recent Development
11.14 Fulham
11.14.1 Fulham Company Detail
11.14.2 Fulham Business Overview
11.14.3 Fulham Outdoor LED Retrofit Introduction
11.14.4 Fulham Revenue in Outdoor LED Retrofit Business (2018-2023)
11.14.5 Fulham Recent Development
11.15 LITE LUME Corporation
11.15.1 LITE LUME Corporation Company Detail
11.15.2 LITE LUME Corporation Business Overview
11.15.3 LITE LUME Corporation Outdoor LED Retrofit Introduction
11.15.4 LITE LUME Corporation Revenue in Outdoor LED Retrofit Business (2018-2023)
11.15.5 LITE LUME Corporation Recent Development
11.16 Shanghai Edge Light Industry
11.16.1 Shanghai Edge Light Industry Company Detail
11.16.2 Shanghai Edge Light Industry Business Overview
11.16.3 Shanghai Edge Light Industry Outdoor LED Retrofit Introduction
11.16.4 Shanghai Edge Light Industry Revenue in Outdoor LED Retrofit Business (2018-2023)
11.16.5 Shanghai Edge Light Industry Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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