Lucintel Forecasts the Global Obstruction Lighting Market to Reach $1.9 billion by 2030
Lucintel Forecasts the Global Obstruction Lighting Market to Reach $1.9 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global obstruction lighting market looks promising with opportunities in the high building and tower, airport, and cranes & infrastructure markets. The global obstruction lighting market is expected to reach an estimated $1.9 billion by 2030 from $1.2 billion in 2024, at a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are governments worldwide are implementing stricter regulations requiring obstruction lighting for various structures, including buildings, towers, wind turbines, and communication masts, rapid growth of cities and infrastructure projects globally, as well as, increased awareness of aviation safety issues and the potential consequences of collisions with unlit obstacles.
A more than 150-page report to understand trends, opportunity and forecast in obstruction lighting market to 2030 by type (LED lights, incandescent lights, and others), application (high buildings and towers, airports, cranes & infrastructures, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, LED light is expected to witness the higher growth over the forecast period because they often have two to three times more luminous efficacies than traditional mercury vapor lamps, which have a very poor efficacy of 15 lumens per watt (lm/W) and LED obstruction lights are the favored option owing to their lower power consumption.
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In terms of regions, North America will remain the largest region over the forecast period because of development of airports, rising construction industry, growing infrastructural projects, and increase in funding for these projects by government bodies.
Hughey & Phillips, Dialight, TWR Lighting, International Tower Lighting, Flash Technology, Copper Industries, Unimar, Avlite, Excelitas Technologies, Hubbell Industrial are the major suppliers in the obstruction lighting market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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