Market Research Future (MRFR) has published on the “Global Outdoor Motion Sensor Lights Market”.
The Outdoor Motion Sensor Lights market is estimated to register a CAGR of 5.50% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Outdoor Motion Sensor Lights market— OSRAM, Philips, Panasonic, GE, Siemens, Mr Beams, First Alert, RAB Lighting, Health Zenith, MAXSA Innovations, Halo (Eaton).
Outdoor Motion Sensor Lights Market Highlights
The global Outdoor Motion Sensor Lights market is accounted to register a CAGR of 5.50% during the forecast period. It is estimated to reach USD 525.9 Million by 2032.
The rising use of consumer electronics and continuously upgrading and new inventions with motion sensor lights for safety and security purposes are driving the market growth. The high cost of outdoor motion sensor lights is restraining the market growth of the outdoor motion sensor light market. Additionally, the growing demand for safety and security with energy-efficient products is anticipated to spur the use of motion sensor lights, which is anticipated to promote the growth of the global Outdoor Motion Sensor Lights market.
Segment Analysis
The global Outdoor Motion Sensor Lights market has been segmented based on type and application.
On the basis of type, the market is segmented into battery powered type, solar powered type, and plug-in electric type. The battery powered type segment was attributed to holding the largest market share in 2022 due to cost-effectiveness and energy-efficient.
Based on application, the global Outdoor Motion Sensor Lights market has been segmented into residential, commercial, and industrial. The commercial segment was expected to hold the largest market share in 2022 due to the expanding usage of energy-efficient lighting.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Outdoor Motion Sensor Lights Market Research Report
Regional Analysis
The global Outdoor Motion Sensor Lights 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 Motion Sensor Lights market comprises of Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Outdoor Motion Sensor Lights 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 Motion Sensor Lights market comprises of Middle East, Africa, and Latin America.
The largest market share for Outdoor Motion Sensor Lights was maintained by the North American regional sector. This increase is attributed to an increase in the adoption of new technologies. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing trend of using consumer electronics, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for outdoor motion sensor lights is driven by the rising demand for electronic devices and huge involvement in the automobile sector. The upgrading of consumer electronics supports market expansion.
Additionally, due to the increasing emphasis placed on advanced technology devices and energy-efficient outdoor motion sensor consumer electronics, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on safety and security motion sensor lights.
Furthermore, the Rest of the world's Outdoor Motion Sensor Lights market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of motion sensors and lights and continuous research and development. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.
Key Findings of the Study
- The global Outdoor Motion Sensor Lights market is expected to reach USD 525.9 million by 2032, at a CAGR of 5.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on energy-efficient outdoor motion sensor lights.
- Based on application, the commercial segment was attributed to holding the largest market in 2022, with an approximate market share of 45%.
- OSRAM, Philips, Panasonic, GE, Siemens, Mr Beams, First Alert, RAB Lighting, Health Zenith, MAXSA Innovations, Halo (Eaton).
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Companies Covered | 15 |
Pages | 128 |
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