Market Research Future Published a Cooked Research Report on "Global Outdoor Lighting Market "
MRFR recognizes the following companies as the key players in the global Outdoor Lighting market— Philips Lighting Holding BV (The Netherlands), General Electric Company (US), Osram Licht AG (Germany), Cree, Inc. (US), Eaton Corporation PLC (Ireland), Hubbell Incorporated (US), Dialight PLC (US), Zumtobel Group AG (Austria), Syska (India), Virtual Extension (Israel), Evluma (US) Halco Lighting Technologies (US), and Masco Corporation (US)
Outdoor Lighting Market Highlights
The global Outdoor Lighting market is accounted to register a CAGR of 7.14% during the forecast period and is estimated to reach USD 51.62 Billion by 2032.
The outdoor lighting market pertains to the industry involved in providing lighting solutions for outdoor spaces such as streets, parks, stadiums, and residential areas. It encompasses a wide range of lighting fixtures, including LED lights, solar-powered lights, and smart lighting systems, aimed at improving visibility, safety, and aesthetics in outdoor environments while reducing energy consumption and maintenance costs.
Segment Analysis
The global Outdoor Lighting market has been segmented based on Lighting Type, Distribution Channel and Application.
Based on Lighting Type, the market is segmented into LED lights, plasma lamps, high-intensity discharge lamps, and fluorescent lights. With 35% of the market's total revenue ($96.2 billion), the LED lights sector dominated the market. Due to their extended operational hours and minimal maintenance needs, LEDs have a number of advantages when utilised outside in developing economies.
Based on distribution channel, the global Outdoor Lighting market has been segmented into retail and commercial. The sector that earned the largest revenue was retail (70.4%). To provide clients with authentic items, hassle-free transactions, and after-sales services, leading manufacturers are creating exclusive storefronts in various regions.
Based on application, the global Outdoor Lighting market has been segmented into street lighting, highways, stadiums, parking lots, tunnel lights, parks, and others. Due to the increasing number of municipalities implementing smart lighting to save operational costs while enhancing system efficiency and ensuring safety, the street lighting category earned the greatest revenue.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Outdoor Lighting market Research Report
Regional Analysis
The global Outdoor Lighting market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Outdoor Lighting market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Outdoor Lighting market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Outdoor Lighting market comprises of Middle East, Africa, and Latin America.
The North American Outdoor Lighting Market dominated this market in 2022. due to the growing trend of family gatherings and dinners being held outside at homes.
Additionally, the second-largest market share for Outdoor Lighting is held by Europe. deployment of intelligent LED lighting systems in the area and an increase in governmental efforts to improve outdoor lighting.
Moreover, From 2024 to 2032, the outdoor lighting market in Asia-Pacific is anticipated to experience the fastest CAGR growth. This is a result of expanding infrastructure-related activities, such as the development of smart cities in developing nations like China, Japan, South Korea, and India. In addition, the India outdoor lighting market had the quickest rate of growth in the Asia-Pacific region, while China's outdoor lighting industry had the greatest market share.
Key Findings of the Study
- The global Outdoor Lighting market is expected to reach USD 51.62 Billion by 2032, at a CAGR of 7.14% during the forecast period.
- The North American Outdoor Lighting Market dominated this market in 2022. due to the growing trend of family gatherings and dinners being held outside at homes.
- Based on Lighting Type, the LED lights sector dominated the market.
- Philips Lighting Holding BV (The Netherlands), General Electric Company (US), Osram Licht AG (Germany), Cree, Inc. (US), Eaton Corporation PLC (Ireland), Hubbell Incorporated (US), Dialight PLC (US), Zumtobel Group AG (Austria), Syska (India), Virtual Extension (Israel), Evluma (US) Halco Lighting Technologies (US), and Masco Corporation (US)
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Companies Covered | 15 |
Pages | 111 |
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