the Peru Outdoor LED Lighting Market size is projected to grow at a CAGR of 7.5% during 2021-27
Peru Outdoor LED Lighting Market report thoroughly covers the market by installation types and wattage types. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Peru Outdoor LED Lighting Market Synopsis
Peru outdoor LED lighting market is expected to witness robust growth in the coming years on the back of a number of infrastructural projects, development of airports in new cities and construction of highways and railway lines. Growing investment in infrastructure along with a strong construction sector would be the key market driver for the outdoor LED lighting market of Peru. In addition to that, the government of Peru has taken many steps under Peru Vision 2030 to reduce carbon emissions in the country. This trend is also expected to increase the usage of LED luminaires as they are energy efficient and have lower carbon footprints.
According to the publisher, the Peru Outdoor LED Lighting Market size is projected to grow at a CAGR of 7.5% during 2021-27. However, due to the outbreak of the COVID-19 pandemic in 2020, the market witnessed slow growth due to government restrictions, supply chain disruptions and a slowdown in the production process. The infrastructure projects slowed down but the market growth is expected to rebound in 2021. Along with this, government initiatives to mitigate the impact of the pandemic helped in the continuation of construction activities and hence, the market is anticipated to register significant growth in the forecast period.
Market Analysis by Types
By installation types, the retrofit installation type segment has a greater market revenue share as compared to the new installation type for the year 2020 due to the increasing replacement of incandescent lamps in the existing infrastructures with energy-efficient light sources. Incandescent lamps are phased out and fixtures are being retrofitted with LED lamps. Although, the new installation type segment is projected to lead the outdoor LED lighting market as it is preferred by consumers due to its long lifespan and low consumption of electricity. Further, by wattage types, more than 100W segment is expected to lead the market during the forecast period as it is widely used across highways and roadways. The upcoming infrastructure projects such as the new central highway, Juliaca corridor and Lima metro line no. 2 in Peru would also drive the growth of this segment. The increase in the adoption of outdoor LED lighting is due to growing consumer awareness about energy efficiency and sustainable lighting solutions. The sports infrastructure development is also one of the key driving factors for the outdoor LED lighting market growth in Peru.
Key Attractiveness of the Report:
- COVID-19 Impact on the Market
- 10 Years Market Numbers
- Historical Data Starting from 2017 to 2020
- Base Year: 2020
- Forecast Data until 2027
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Peru Outdoor LED Lighting Market Overview
- Peru Outdoor LED Lighting Market Outlook
- Peru Outdoor LED Lighting Market Forecast
- Historical Data and Forecast of Peru Outdoor LED Lighting Market Revenues and Volume for the Period 2017-2027F.
- Historical Market Data and Forecast of Revenues, by Installation Types, for the Period 2017-2027F.
- Historical Market Data and Forecast of Revenues, by Wattage Types, for the Period 2017-2027F.
- Market Drivers and Restraints
- Peru Outdoor LED Lighting Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Importer List
- Market Opportunity Assessment
- Peru Outdoor LED Lighting Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Installation Types:
- New
- Retrofit
By Wattage Types:
- Less Than 50W
- 50W To 100W
- More Than 100W
Table of Contents
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Peru Outdoor LED Lighting Market Overview
3.1 Peru Outdoor LED Lighting Market Revenues & Volume, 2017-2027F
3.2 Peru Outdoor LED Lighting Market - Industry Life Cycle
3.3 Peru Outdoor LED Lighting Market - Porter’s Five Forces
4. Peru Outdoor LED Lighting Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Peru Outdoor LED Lighting Market Trends
6. Peru Outdoor LED Lighting Market Overview, By Installation Types
6.1 Peru Outdoor LED Lighting Market Revenue Share, By Installation Types, 2020 & 2027F
6.2 Peru Outdoor LED Lighting Market Revenues, By Installation Types, 2017-2027F
6.2.1 Peru New Outdoor LED Lighting Market Revenues, 2017-2027F
6.2.2 Peru Retrofit Outdoor LED Lighting Market Revenues, 2017-2027F
7. Peru Outdoor LED Lighting Market Overview, By Wattage Types
7.1 Peru Outdoor LED Lighting Market Revenue Share, By Wattage Types, 2020 & 2027F
7.2 Peru Outdoor LED Lighting Market Revenues, By Wattage Types, 2017-2027F
7.2.1 Peru Less Than 50W Outdoor LED Lighting Market Revenues, 2017-2027F
7.2.2 Peru 50W to 100W Outdoor LED Lighting Market Revenues, 2017-2027F
7.2.3 Peru More Than 100W Outdoor LED Lighting Market Revenues, 2017-2027F
8. Peru Outdoor LED Lighting Market Key Performance Indicators
9. Peru Outdoor LED Lighting Market Trade Analysis
9.1 Peru Outdoor LED Lighting Market Revenue Share, By Exporter Countries, 2020
9.2 Peru Outdoor LED Lighting Market Importer List, 2020
10. Peru Outdoor LED Lighting Market Opportunity Assessment
10.1 Peru Outdoor LED Lighting Market Opportunity Assessment, By Installation Types, 2027F
10.2 Peru Outdoor LED Lighting Market Opportunity Assessment, By Wattage Types, 2027F
11. Peru Outdoor LED Lighting Market Competitive Landscape
11.1 Peru Outdoor LED Lighting Market Revenue Ranking, By Companies, 2020
11.2 Peru Outdoor LED Lighting Market Competitive Benchmarking, By Operating and Technical Parameters
12. Company Profiles
12.1 Acuity Brands
12.2 Cree Lighting
12.3 Eaton Corporation
12.4 GE Company
12.5 Koninklijke Philips N.V.
12.6 OSRAM Licht AG
12.7 Nichia Corporation
12.8 Seoul Semiconductor
12.9 Zumtobel Group
12.10 Hubbell Incorporated
13. Key Strategic Recommendations
14. Disclaimer
List of Figures
Figure 1. Peru Outdoor LED Lighting Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 2. Peru’s Greenhouse Gas Emissions Share, By Sectors, 2020
Figure 3. Peru Outdoor LED Lighting Market Revenue Share, By Installation Types, 2020 & 2027F
Figure 4. Peru Outdoor LED Lighting Market Revenue Share, By Wattage Types, 2020 & 2027F
Figure 5. Average Annual Investment in Peru, 2016-40F ($ Billion)
Figure 6. Infrastructure Investment in Peru, As a Percentage of GDP, 2016-40F
Figure 7. Peru Long-Term Infrastructure Gap, 2020 ($ Billion)
Figure 8. Peru Urban Population Share in Total Population, 2015-2050F
Figure 9. Peru Outdoor LED Lighting Market Revenue Share, By Exporter Countries, 2020
Figure 10. Peru Outdoor LED Lighting Market Opportunity Assessment, By Installation Types, 2027F
Figure 11. Peru Outdoor LED Lighting Market Opportunity Assessment, By Wattage Types, 2027F
Figure 12. Peru Outdoor LED Lighting Market Revenue Ranking, By Companies, 2020
List of Tables
Table 1. Peru Outdoor LED Lighting Market Revenues, By Installation Types, 2017-2027F ($ Million)
Table 2. Peru Outdoor LED Lighting Market Revenues, By Wattage Types, 2017-2027F ($ Million)
Table 3. Cumulative Infrastructure Investment Estimate in Peru, 2016-40F ($ Billion)
Table 4. Peru Upcoming Infrastructure Sector Projects
Table 5. Peru Outdoor LED Lighting Market Importer List, 2020
Companies Mentioned
- Acuity Brands
- Cree Lighting
- Eaton Corporation
- GE Company
- Hubbell Incorporated
- Koninklijke Philips N.V.
- Nichia Corporation
- OSRAM Licht AG
- Seoul Semiconductor
- Zumtobel Group
