Global Outdoor Lighting Market

Outdoor Lighting Market Size, Share, Growth Analysis, By Source Type(LED Lights, Plasma Lamps, High-Intensity Discharge Lamps, and Fluorescent Lights), By Application(Residential, Commercial), By Distribution Channel(Offline, Online), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45J2083 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 89 |Figures: 79

Outdoor Lighting Market Insights

Global Outdoor Lighting Market size was valued at USD 15.40 Billion in 2022 and is expected to grow from USD 16.29 Billion in 2023 to USD 25.58 Billion by 2031, at a CAGR of 5.80% during the forecast period (2024-2031).

According to the outdoor lighting market, rising residential construction and renovation activities are factors supporting the market's burgeoning growth. Furthermore, as consumer behavior shifts in favor of more sustainable solutions, advanced and efficient lighting solutions are gaining ground. The increased home security that results from illumination that reaches every corner and makes everything visible has also increased demand for innovative outdoor lighting concepts.

The market is being penetrated and various aspects of lighting solutions are being advanced by the introduction of practical lighting solutions like HID lamps and waterproof outdoor wall lights. A sizable portion of the market for outdoor lighting is also consumed by the rise in the number of bungalows, private farms, and resorts. Additionally, the elevated aesthetic provided by these solutions contributes to the market's expansion prospects.

New energy-efficient technologies are replacing outdated ones in an increasing number of structures, including roads, intelligent infrastructure, and buildings. According to market research on outdoor lighting, more and more smart lighting projects are being implemented in various nations. Given the rising population and pollution, there is a need to use environmentally friendly and energy-efficient lighting solutions. The demand for outdoor lighting solutions is being driven by governments all over the world that are promoting smart and sustainable technologies. As infrastructure progresses, there is a growing need for streets, alleyways, and highways. Governments are looking for sustainable and environmentally friendly lighting solutions for these assets. The use of LED and solar-powered lights are drastically increasing, which has increased the demand for outdoor lighting. The development of integrated lighting systems, including IoT-integrated lights, lamps, and waterproof outdoor wall lights, is a result of the expansion of research and development facilities.

The COVID-19 pandemic, however, had an effect on market expansion. The COVID-19 epidemic spread, resulting in temporary closures of stadiums, park closures, and travel restrictions, which reduced the use of outdoor lighting. Furthermore, China continues to be a significant producer of lighting products and a major source of raw materials. It is also the place where the coronavirus first appeared, which has had an impact on raw material exports to other nations and slowed the expansion of the market.

US Outdoor Lighting Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 15.40 Billion

Largest Segment

Commerical

Fastest Growth

Residential

Growth Rate

5.80% CAGR

Global Outdoor Lighting Market ($ Bn)
Country Share for North America Region (%)

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Outdoor Lighting Market Segmental Analysis

The global outdoor lighting market is segmented based on source type, application, distribution channel, and region. On the basis of source type, the market is segmented into LED lights, plasma lamps, high-intensity discharge lamps, and fluorescent Lights. Based on classification by application, the market is segmented into residential, and commercial. With respect to segmentation by distribution channel, the market is segmented into whole, split, and others. By end-user, the market is segmented into offline, online. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Central & South America, the Middle East & Africa.

Analysis by Source Type

The LED lights segment is dominant in the outdoor lighting market. Additionally, small LEDs offer distinctive design possibilities, and some LED bulb alternatives might physically resemble and come closer to resembling standard light bulbs. A permanent light source might be present in some LED lighting fixtures. When compared to other light sources like incandescent or compact fluorescent lighting, LED lighting products can be used for a longer period of time and offer consumers around the world more luminance. There are hybrid methods as well, which make use of non-standard light bulbs or switchable light sources designed specifically for a given fixture. Compared to conventional lighting technologies, LEDs are much more versatile and offer tremendous potential for innovation in lighting form factors.

The fluorescent light source is the fastest-growing segment. Fluorescent lighting is less expensive than traditional lighting while still providing the same brightness. Furthermore, the lifespan of fluorescent lights is typically six times longer than that of an ordinary incandescent bulb. These lights produce less heat, which makes them perfect for areas that require less heat-producing lighting because heat can harm equipment. The segment's expansion is also fueled by the growing use of fluorescent lighting as an alternative to incandescent lighting.

Analysis by Application

Commercial applications are dominant in the Outdoor Lighting Market. The demand for outdoor landscape and street lighting is also being driven by the quick increase in commercial construction activities, particularly in the hospitality sector. The booming real estate market will continue to fuel market expansion, followed by numerous infrastructure upgrades in the hospitality industry. The Global Construction Pipeline Trend Report, according to Lodging Econometrics (LE), compiles the construction pipeline counts for each market and nation worldwide.

The residential application segment is the fastest-growing segment. Due to a desire to spend more money on opulent goods, consumer attitudes towards convenience, appearance, entertainment, and technology have changed recently. As a result, consumers spent more money renovating their homes to make their balconies or outdoor areas more functional, which helped to fuel the rise in demand for outdoor landscape lighting.

Global Outdoor Lighting Market By Application (%), 2023 (%)

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Outdoor Lighting Market Regional Insights

North America is the dominant region for Outdoor Lighting Market. Due to the growing trend of hosting family gatherings and dinners outdoors at home, there is a greater demand for outdoor lighting in North America. This trend is further supported by the growing popularity of designing and caring for front and backyard gardens, which not only improve the appearance of homes but also provide a pleasant space to host outdoor gatherings. The infrastructure in North America is well-established, which is helpful for the market expansion for outdoor lighting. Urbanization in the area is also increasing, which has increased demand for outdoor lighting in public areas, commercial buildings, and residential neighborhoods. The type of lighting product, the application, and the end-user are used to segment the market.

North America's largest outdoor lighting market is in the United States. The adoption of LED-based lighting solutions, which use less energy and have a longer lifespan than conventional lighting systems, has increased significantly across the nation. The growth of the market in the nation is also being fueled by rising government initiatives and regulations to promote energy-efficient lighting solutions.

Asia Pacific is one of the fastest-growing regions in the world in terms of outdoor lighting market growth. The region is experiencing rapid urbanization and industrialization, which is driving the demand for outdoor lighting products and solutions. In addition, the growing awareness of energy-efficient lighting solutions is also driving the growth of the market in the region.

China, Japan, India, and South Korea are some of the key countries driving the growth of the outdoor lighting market in the Asia Pacific region. In China, the demand for outdoor lighting products and solutions is being driven by the government's focus on improving the infrastructure in urban areas. Japan, on the other hand, is a mature market, with a high level of adoption of LED lighting solutions.

In India, the outdoor lighting market is being driven by the government's initiatives to improve the infrastructure in rural areas. The government's focus on developing smart cities is also driving the demand for outdoor lighting products and solutions in the country. South Korea is another important market in the region, with a focus on energy-efficient lighting solutions.

Global Outdoor Lighting Market By Geography, 2024-2031
  • Largest
  • Fastest

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Outdoor Lighting Market Dynamics

Outdoor Lighting Market Drivers

Use of Outdoor Lights for Security Purposes to Promote Growth

  • The need for outdoor lighting systems to increase the security and safety of public areas is rising as more people relocate to cities. The trend towards intelligent, connected lighting systems, which can be integrated with other smart city technologies to increase efficiency and lower energy consumption, has also been fueled by urbanization.

Government Supported Programs to Boost Growth

  • Governments all over the world are spending money on outdoor lighting systems as part of their initiatives to increase security and safety for the general public. High-quality lighting systems are frequently installed as part of these initiatives in public areas like parks, streets, and buildings.

Outdoor Lighting Market Restraints

High Installation and Maintenance Costs may Hamper Growth

  • The high cost of installation and maintenance is one of the main factors limiting the growth of the outdoor lighting market. Many cities and municipalities may find the cost of installing and maintaining outdoor lighting systems to be prohibitively high, particularly in developing nations.

Harmful Effects on the Environment to Create Challenging Environment

  • Concerns about the effects of outdoor lighting systems on the environment are also growing, particularly with regard to light pollution and the effects on wildlife. Nowadays, many cities are looking into more environmentally friendly lighting options, like solar- and LED-powered lighting.

Competitions in Various Outdoor Lighting Industry

  • Another factor that may limit growth is the absence of standards in the market for outdoor lighting. With a large number of players offering various lighting systems and solutions, the market is highly fragmented. Customers may find it challenging to compare products and make wise decisions regarding their purchases as a result.

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Outdoor Lighting Market Competitive Landscape

The Outdoor Lighting Market is highly competitive, with a few dominant players and a large number of smaller producers and processors. The market is expected to continue to grow as consumers increasingly recognize the various advantages of outdoor lighting. Some prominent players in the global outdoor lighting market include:

Outdoor Lighting Market Top Player’s Company Profiles

  • Osram Licht AG (Germany)
  • Eaton Corporation (Ireland)
  • General Electric Company (US)
  • Zumtobel Group AG (Austria)
  • Hubbell, Inc. (US)
  • Thorn Lighting (UK)
  • Havells India Limited (India)
  • Iwasaki Electric Co., Ltd. (Japan)
  • Stanley Electric Co. Ltd. (Japan)
  • Dialight plc (US)
  • Acuity Brands Inc. (US)
  • Vonn, LLC. (US)
  • Masco Corporation (US)
  • SMART Global Holdings, Inc. (US)
  • ENDO Lighting Corporation (Japan)
  • Samsung Electronics Co. Ltd (South Korea)
  • ams-OSRAM AG (Austria)
  • Syska Led Lights Private Limited (India)
  • Trade Gear Ltd. (UK)

Outdoor Lighting Market Outdoor Lighting Market

  • In December 2022, Acuity Brands' subsidiary that offers lighting and building management solutions entered into a technology transition agreement with Dhyan Networks and Technologies, a provider of central management system software and solutions. The StreetMan for managing smart streetlights, LightMan for managing smart area lights like those installed in campuses, parking lots, buildings, and warehouses, and CitiMan for managing smart city IoT assets make up the Dhyan family of central management software for the IoT market.

Outdoor Lighting Key Market Trends

  • The market for outdoor lighting is seeing a rise in the use of LED lighting because of its energy-saving attributes, long lifespan, and affordability. The market for outdoor lighting is seeing a rise in the use of LED lighting due to the significant energy savings it provides. The growing adoption of IoT technologies is driving up demand for smart lighting solutions. The market for outdoor lighting is seeing an increase in the adoption of smart lighting solutions because of the many advantages they provide, including remote control, energy efficiency, and the ability to alter lighting settings.
  • A growing number of people are turning to solar-powered lighting options because of their sustainability and energy efficiency. The outdoor lighting market is seeing a rise in the use of solar-powered lighting solutions because they provide a more affordable and environmentally friendly option to conventional lighting options.

Outdoor Lighting Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, The Global Outdoor Lighting Market is extremely competitive. Rapid technological development is another aspect of the industry that leads to the creation of new products and services to address the shifting needs of consumers. One of the major technological trends in the market is the rise of smart, connected lighting systems, for which many businesses are investing in R&D to develop creative solutions. In the upcoming years, the outdoor lighting market is anticipated to grow further.

Report Metric Details
Market size value in 2023 USD 15.40 Billion
Market size value in 2031 USD 25.58 Billion
Growth Rate 5.80%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Source Type
    • LED Lights, Plasma Lamps, High-Intensity Discharge Lamps, and Fluorescent Lights
  • Application
    • Residential, Commercial
  • Distribution Channel
    • Offline, Online
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Osram Licht AG (Germany)
  • Eaton Corporation (Ireland)
  • General Electric Company (US)
  • Zumtobel Group AG (Austria)
  • Hubbell, Inc. (US)
  • Thorn Lighting (UK)
  • Havells India Limited (India)
  • Iwasaki Electric Co., Ltd. (Japan)
  • Stanley Electric Co. Ltd. (Japan)
  • Dialight plc (US)
  • Acuity Brands Inc. (US)
  • Vonn, LLC. (US)
  • Masco Corporation (US)
  • SMART Global Holdings, Inc. (US)
  • ENDO Lighting Corporation (Japan)
  • Samsung Electronics Co. Ltd (South Korea)
  • ams-OSRAM AG (Austria)
  • Syska Led Lights Private Limited (India)
  • Trade Gear Ltd. (UK)

Outdoor Lighting Market Outdoor Lighting Market

  • In December 2022, Acuity Brands' subsidiary that offers lighting and building management solutions entered into a technology transition agreement with Dhyan Networks and Technologies, a provider of central management system software and solutions. The StreetMan for managing smart streetlights, LightMan for managing smart area lights like those installed in campuses, parking lots, buildings, and warehouses, and CitiMan for managing smart city IoT assets make up the Dhyan family of central management software for the IoT market.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Outdoor Lighting Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Outdoor Lighting Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Outdoor Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Outdoor Lighting Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Outdoor Lighting Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Outdoor Lighting Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Outdoor Lighting Market size was valued at USD 15.40 Billion in 2022 and is expected to grow from USD 16.29 Billion in 2023 to USD 25.58 Billion by 2031, at a CAGR of 5.80% during the forecast period (2024-2031).

The Outdoor Lighting Market is highly competitive, with a few dominant players and a large number of smaller producers and processors. The market is expected to continue to grow as consumers increasingly recognize the various advantages of outdoor lighting. Some prominent players in the outdoor lighting market include: 'Philips Lighting (Netherlands)', 'Osram Licht AG (Germany)', 'Cree, Inc. (US)', 'Eaton Corporation (Ireland)', 'Acuity Brands Lighting, Inc. (US)', 'General Electric Company (US)', 'Zumtobel Group AG (Austria)', 'Hubbell, Inc. (US)', 'Thorn Lighting (UK)', 'Havells India Limited (India)', 'Iwasaki Electric Co., Ltd. (Japan)', 'Stanley Electric Co. Ltd. (Japan)', 'Dialight plc (US)', 'Acuity Brands Inc. (US)', 'Vonn, LLC. (US)', 'Masco Corporation (US)', 'SMART Holdings, Inc. (US)', 'ENDO Lighting Corporation (Japan)', 'Samsung Electronics Co. Ltd (South Korea)', 'ams-OSRAM AG (Austria)', 'Syska Led Lights Private Limited (India)', 'Trade Gear Ltd. (UK)', 'In December 2022, Acuity Brands' subsidiary that offers lighting and building management solutions entered into a technology transition agreement with Dhyan Networks and Technologies, a provider of central management system software and solutions. The StreetMan for managing smart streetlights, LightMan for managing smart area lights like those installed in campuses, parking lots, buildings, and warehouses, and CitiMan for managing smart city IoT assets make up the Dhyan family of central management software for the IoT market.'

The need for outdoor lighting systems to increase the security and safety of public areas is rising as more people relocate to cities. The trend towards intelligent, connected lighting systems, which can be integrated with other smart city technologies to increase efficiency and lower energy consumption, has also been fueled by urbanization.

The market for outdoor lighting is seeing a rise in the use of LED lighting because of its energy-saving attributes, long lifespan, and affordability. The market for outdoor lighting is seeing a rise in the use of LED lighting due to the significant energy savings it provides. The growing adoption of IoT technologies is driving up demand for smart lighting solutions. The market for outdoor lighting is seeing an increase in the adoption of smart lighting solutions because of the many advantages they provide, including remote control, energy efficiency, and the ability to alter lighting settings.

North America is the dominant region for Outdoor Lighting Market. Due to the growing trend of hosting family gatherings and dinners outdoors at home, there is a greater demand for outdoor lighting in North America. This trend is further supported by the growing popularity of designing and caring for front and backyard gardens, which not only improve the appearance of homes but also provide a pleasant space to host outdoor gatherings. The infrastructure in North America is well-established, which is helpful for the market expansion for outdoor lighting. Urbanization in the area is also increasing, which has increased demand for outdoor lighting in public areas, commercial buildings, and residential neighborhoods. The type of lighting product, the application, and the end-user are used to segment the market.

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Global Outdoor Lighting Market

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