Outdoor Lighting Market By Lighting Type (LED Outdoor Lighting, Incandescent Outdoor Lighting, Fluorescent Outdoor Lighting), By Power Source (Electric Power, Solar Power, Battery Operated), By Application (Street Lighting, Garden Lighting, Landscape Lighting, Flood Lighting, Security Lighting, Decorative Lighting, Porch And Patio Lighting), And Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Outdoor Lighting Market Valuation – 2024-2031

So, everyone's switching over to energy-efficient lighting these days! Those old incandescent and halogen bulbs? They're basically being replaced by cooler options like LEDs. Why? Because LEDs are way more efficient, meaning you save a ton on your electricity bill. Plus, they last forever, so you're not constantly changing bulbs – a real win-win! The government's even helping out with programs like tax breaks and subsidies to encourage businesses and homeowners to make the switch. This is all helping the LED market explode, going from a huge USD 19.85 Billion in 2023 to an estimated valuation of around USD 57.48 Billion by 2031.

Outdoor lighting is always changing due to technological improvements. The integration of smart lighting systems with sensors and controls enables dynamic lighting modifications based on variables such as ambient light levels and occupancy. This not only optimizes energy usage but also improves the user experience. Smart lighting systems can also be combined with building management systems resulting in a more connected and intelligent environment by enabling the market to grow at a CAGR of 15.68% from 2024 to 2031.

Outdoor Lighting MarketDefinition/ Overview

Outdoor lighting has the potential to revolutionize our understanding of the world after dark. It goes beyond simple illumination and becomes an art form that sculpts darkness, improves safety, and expands the usability of our outdoor areas. Understanding outdoor lighting in depth entails digging into its varied applications, the technology that powers it, and the design principles that govern its effective use.

Outdoor lighting has a diverse role in our lives extending functionality and aesthetics beyond the sunset. The most essential application is security. Strategically placed lighting deters crime by illuminating entryways, walkways, and vulnerable places on a property. Motion-sensor lights provide security by producing a blast of light when they detect movement, scaring prospective burglars and alerting homeowners. This not only prevents criminal activities but also allows for an excellent view of the surrounding region which aids identification.

The future of outdoor lighting is a bright textile made from strands of ever-increasing efficiency, smart technology integration, and a commitment to sustainability. LED lighting will rule supreme enjoying huge energy savings over traditional sources. Beyond basic illumination, these lights will become intelligent companions effortlessly linking to smart home systems for remote control altering brightness based on ambient light and even adding motion detection for increased security. Solar power will play an important part with lighting capturing the sun’s rays to keep sidewalks, gardens, and roadways warm without burdening the electrical infrastructure.

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How will Adoption of Energy Efficient Lighting Solutions Drive the Outdoor Lighting Market?

The lighting industry is really taking off! A lot of this has to do with everyone wanting to use energy-efficient options, especially since the government is pushing for us to save energy. The big change is thanks to LEDs, which are pretty great. They’re perfect for being outside because they last a super long time and you don't have to worry about fixing them all the time. Plus, they give off really focused light and last forever, so they're awesome for streetlights and other outdoor stuff. Because of all these perks, cities all over the world are switching their outdoor lights to LED systems. This huge switch not only saves a ton of energy, but it also means cities don't have to spend as much money on keeping the lights working, making urban lighting more sustainable and cost-effective.

It's not just governments pushing for change, though. You know, everyday folks are switching to LEDs for their homes and offices too, mainly because they save money on electricity! Yeah, LED bulbs might cost a bit more upfront than those old-fashioned ones, but the massive drop in your energy bills makes them a smart financial move in the long run. Plus, LEDs last way longer, so you're not constantly replacing them, which saves you even more cash and is better for the planet because you're tossing fewer bulbs. As LED tech gets even better and cheaper, expect to see them everywhere, which will really boost the energy-efficient lighting business.

How Costs of Maintenance Hamper the Outdoor Lighting Market?

Keeping your outdoor lights in good shape is important for two main reasonsmaking sure they work right and helping them last longer. When everything's working well, you get even lighting that makes your property safer, more secure, and more attractive. On the other hand, lights that are broken or going out can create dark spots, which makes it harder for people and cars to get around, and can even lead to accidents and falls. If you're worried about security, a light that's out could be like leaving the door open for trouble. But, by regularly cleaning and checking your lights, you can spot little problems before they turn into big, expensive repairs or even a total system breakdown. Businesses that take care of these things can really extend the life of their outdoor lighting, saving money on having to replace everything early.

Keeping up with maintenance? It can really hit the wallet, especially if you're a smaller company watching every penny. Think about ityou're paying for someone to check things over, give everything a good cleaning, and fix what's broken. Getting pros like trained electricians or lighting experts means the job's done right and safely, but their know-how isn't free. How often you need to do all this depends on how complicated your lighting is, what kind of lights you have, and even the weather! Harsh weather—you know, those crazy winds, downpours, or tons of snow—can mess up outdoor lights fast, meaning more checkups and replacements. So, if you've got a huge outdoor area or a fancy lighting setup, expect to spend a bit more on keeping it all running smoothly.

Category-Wise Acumens

Will Public Safety and Urban Infrastructure Efficiency Drive the Application Segment?

Street lighting really shines as the top dog in the lighting world because it's super important for keeping everyone safe and making our cities run smoothly. Think about ittowns and governments are putting serious cash into street lights to make sure we can see clearly on streets, roads, and highways. This reduces accidents and makes it safer for people walking and driving. Whether you're in a bustling city or a quiet countryside, this is something we need everywhere, all the time. And with more and more people moving to cities and new buildings popping up, the need for street lighting is only growing. Plus, everyone's switching to greener options, like LED street lights, and rolling out cool "smart city" projects, which is making us upgrade and modernize our street lighting systems even faster.

Security lighting is another popular market thanks to the increased emphasis on safety and crime prevention in residential, commercial, and industrial settings. The increased awareness of security concerns combined with advances in lighting technology has resulted in the widespread use of security lighting solutions. These lights are strategically placed to dissuade criminal activity while also providing inhabitants with a sense of protection. The advent of smart home technologies and integrated security systems is also driving this market segment as consumers and businesses want comprehensive security solutions that include sophisticated lighting options.

Will the Adoption of Robust Performance Drive the Power House Segment?

Electric power remains the leading segment. This popularity stems mostly from the dependable and constant power source it provides which ensures consistent illumination regardless of weather conditions or sunshine availability. Electric-powered outdoor lighting systems are popular due to their reliable performance and capacity to meet high-intensity lighting demands making them excellent for urban infrastructures, commercial areas, and large-scale outdoor applications such as street lighting and public parks. Furthermore, developments in energy-efficient technology such as LED lighting have cemented the dominance of electric-powered solutions by lowering operational costs and energy consumption which aligns with environmental goals.

Outdoor solar lights are all the rage these days, and it's easy to see why. We're all looking for ways to be greener and renewable energy is where it's at! These lights are a lifesaver, especially if you're way out in the sticks or off the grid where hooking up to electricity is a major headache, not to mention expensive. They're a sustainable solution, grabbing power from the sun, shrinking our carbon footprint, and saving us money in the long run. Plus, with all the cool improvements in solar panels and batteries, these lights are now super efficient and dependable. That makes them a tempting choice for people who care about the environment and towns looking to go green. But, even with all that good stuff, they still rely on sunlight, and let's be real, setting them up can cost a pretty penny upfront. Those things can hold them back from taking over completely, especially when compared to the electric lights we're all used to.

Gain Access into Outdoor Lighting Market Report Methodology

 

Country/Region-wise Acumens

Will the Growing Trend of Family Gatherings and Dinners in Outdoor Spaces Drive the Market in North America?

North America dominated the market owing to a large increase in demand for outdoor lighting. This rise can be ascribed to the increasing popularity of family gatherings and dinners in outdoor spaces at home. Homeowners are increasingly investing in their outside spaces making them into usable and visually appealing spaces for social gatherings. The emphasis on improving outdoor living spaces has resulted in a significant increase in the installation of sophisticated lighting systems designed to create appealing and ambient environments for both everyday use and special occasions.

The growing interest in front and backyard garden maintenance is a major factor driving this trend. These outside spaces not only improve the outward attractiveness of homes but also provide charming places for entertaining guests. The desire to create well-lit visually appealing outdoor spaces has spurred the demand for creative and high-quality outdoor landscape lighting. As homeowners prioritize outside aesthetics and utility, the Outdoor Lighting Market in North America is expected to expand further driven by consumer preferences for improving their living spaces and creating welcoming outdoor surroundings. 

Will the Increasing infrastructural Activities Boost the Asia Pacific Region in Outdoor Lighting Market?

The Asia Pacific region is expected to develop at a compound annual growth rate. This strong expansion is being driven mostly by massive infrastructure developments in emerging economies such as China, Japan, South Korea, and India. The growth of smart city efforts in these countries has accelerated advancements in a variety of sectors including the hospitality industry. The growing emphasis on improving urban infrastructure has fueled the construction of cutting-edge hotels and resorts significantly contributing to market expansion.

The evolution of the hospitality industry is tied to rising disposable incomes and changing lifestyles in these countries. As urbanization accelerates and travel becomes more convenient, there is an increased demand for high-quality lodging and recreational services. This trend is likely to drive market expansion as stakeholders invest in sophisticated, technology-driven solutions to improve service delivery and customer experience. As a result, the Asia-Pacific region is poised to emerge as a vital growth hub reflecting broader economic and infrastructure developments. 

Competitive Landscape

The Outdoor Lighting Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the Outdoor Lighting Market include

Signify Holding, General Electric, OSRAM GmbH, Hubbell, ACUITY BRANDS, INC., Zumtobel Group, Eaton, Cree LED.

Latest Developments

  • In March 2021, Smart Global Holding Inc. purchased Cree Inc’s Cree LED product business. The company hopes that this acquisition will allow it to extend its product range and geographical reach.
  • In December 2021, The White Teak Company introduced Garden Lights in a range of designs and patterns as part of its line. Each item has a metal body and LED bulbs that are easily mounted on any surface.

Report Scope

Report AttributesDetails
Study Period

2018-2031

Growth Rate

CAGR of ~15.68% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Lighting Type
  • Power Source
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Signify Holding
  • General Electric
  • OSRAM GmbH
  • Hubbell
  • ACUITY BRANDS, INC.
  • Zumtobel Group
  • Eaton
  • Cree LED
Customization

Report customization along with purchase available upon request

Outdoor Lighting Market, By Category

Lighting Type

  • LED Outdoor Lighting
  • Incandescent Outdoor Lighting
  • Fluorescent Outdoor Lighting

Power Source

  • Electric Power
  • Solar Power
  • Battery Operated

Application

  • Street Lighting
  • Garden Lighting
  • Landscape Lighting
  • Flood Lighting
  • Security Lighting
  • Decorative Lighting
  • Porch and Patio Lighting

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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