Global LED Obstruct Lighting Market to Register 6.3% CAGR from 2018 to 2023

Published Date : Jul 23, 2018

Albany, New York, July 23, 2018: A recent report added to the vast research report portfolio of presents a thorough analytical account of the growth prospects of the global market for LED obstruct lighting—the LED lights that are used for indicating the presence of obstructions in a specified location. The report is titled “Global LED Obstruct Lighting Market by Manufacturers, Regions, Type and Application, Forecast to 2023.”

The market will expand at a promising pace owing to a number of factors over the report’s forecast period. The market estimated to exhibit a promising 6.3% CAGR from 2018 to 2023. Considering the numbers hold true, the market is expected to rise to a revenue opportunity of US$310 mn in 2023 from a valuation of US$220 mn in 2017.

This report segments the global LED obstruct lighting market based on criteria such as manufacturers, type, application, and geography. Based on type, the market is segmented into low intensity LED obstruct light, high intensity LED obstruct light, and medium intensity LED obstruct light. In terms of application, the global LED obstruct light market is segmented into renewable energy, bridges and buildings, industrial, and telecommunications.

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Geographically, the report is a comprehensive overview of the growth prospects of the market in regions such as Europe, Asia Pacific, North America, South America, and Middle East and Africa. Presently, Europe, China, and North America are presently the leading manufacturers of a variety of LED obstruct lights. In 2016, China registered nearly 157.24 K units in terms of volume and held the top spot in terms of production capacity. The country alone accounted for over 43% of the world’s total production capacity for LED obstruct lighting. With 23.65% and 19.18% of the total production volume in 2016, North America and Europe, respectively, held the second and third spots.

In terms of consumption as well, the market in China dominated the global LED obstruct lighting market in 2016. The country registered a consumption volume of nearly 104.49 K units of LED obstruct lightings, accounted for a nearly 29.1% of the global consumption in the said year. North America closely trailed with a nearly 26% share in the overall market while Europe held a far third position with a 17.98% share in terms of consumption of LED obstruct lights in 2016.

The report also presents a thorough account of the competitive dynamics of the global LED obstruct market. Some of the leading companies operating in the global LED obstruct lighting market profiled in the report are Avlite, Flash Technology (SPX), Hughey & Phillips, Orga Aviation, Carmanah Technologies, Obelux, International Tower Lighting, Avaids Technovators, Dialight, Cooper Industries, Unimar, TWR Lighting, ADB Airfield, Hubbell Incorporated, Instapower, OBSTA, Holland Aviation, TRANBERG, Shenzhen Ruibu, Delta Box, Shanghai Nanhua, Shanghai Boqin, Hunan Chendong, and Shenzhen Xingbiao.

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