Global Outdoor Lighting Market Size, Share, Trends, Industry Growth by Source (LED Lights, Plasma Lamps, HID Lamps, Fluorescent Lights), by Application (Residential, Commercial), by Distribution Channel, by Region, and Forecast to 2030
Report ID: RC51624 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 30th, 2023The global outdoor lighting market size is expected to register a significant CAGR of ~ 8% during the forecast period from 2023 to 2030. The increasing demand for energy-efficient lighting systems, growing infrastructure, and the rise in government initiatives regarding energy efficiency are some major factors driving the industry growth. Furthermore, the increasing number of government promotional programs to adopt energy-efficient lights and the growing penetration of smart outdoor lighting are anticipated to boost the market growth over the forecast period. Moreover, the advent of smart & connected technologies and the growing use of solar energy across the globe are anticipated to fuel the market in the upcoming years.
Market Drivers:
Increasing Urbanization and Infrastructure Development: Rapid urbanization and infrastructure development projects across the globe have created a demand for outdoor lighting solutions. As cities expand and develop, there is a need for efficient and effective outdoor lighting to ensure safety, visibility, and aesthetics in public spaces, streets, parks, and commercial areas. This has driven the growth of the outdoor lighting market.
Energy Efficiency and Cost Savings: There has been a growing emphasis on energy efficiency and sustainable lighting solutions. LED (Light Emitting Diode) technology has revolutionized outdoor lighting by providing energy-efficient alternatives to traditional lighting systems. LED outdoor lighting offers significant energy savings, lower maintenance costs, and longer lifespan. The demand for energy-efficient lighting solutions and the potential for cost savings have driven the adoption of LED outdoor lighting and contributed to market growth.
Government Initiatives and Regulations: Governments around the world are implementing initiatives and regulations to promote energy-efficient lighting solutions and reduce carbon emissions. Many countries have banned or phased out inefficient lighting technologies and incentivized the use of energy-efficient alternatives, including outdoor lighting. These government initiatives and regulations have created a favorable environment for the adoption of energy-efficient outdoor lighting and propelled market growth.
Safety and Security Concerns: Outdoor lighting plays a crucial role in ensuring safety and security in public spaces, residential areas, and commercial premises. Well-lit outdoor areas help deter crime, enhance visibility, and provide a sense of security for residents and visitors. The increasing focus on safety and security has led to the demand for effective outdoor lighting solutions, driving market growth.
Growing Awareness of Smart Lighting Solutions: The rise of smart technologies and the Internet of Things (IoT) has had an impact on the outdoor lighting market. Smart outdoor lighting solutions, enabled by connectivity and automation, offer enhanced control, flexibility, and energy efficiency. These solutions allow for remote monitoring, dimming, scheduling, and adaptive lighting based on ambient conditions. The growing awareness and adoption of smart lighting systems have contributed to the growth of the outdoor lighting market.
Aesthetic Enhancement and Ambiance Creation: Outdoor lighting is also used for aesthetic enhancement and creating ambiance in outdoor spaces. Architectural lighting, landscape lighting, and decorative lighting are popular applications that enhance the visual appeal of buildings, parks, gardens, and outdoor venues. The demand for outdoor lighting solutions that provide unique lighting effects, color variations, and customizable options has driven market growth.
Technological Advancements and Product Innovation: Technological advancements and product innovation in outdoor lighting have fueled market growth. Manufacturers are developing innovative lighting solutions with improved efficiency, durability, and versatility. This includes advancements in LED technology, wireless connectivity, sensors, and controls. The introduction of new and innovative outdoor lighting products has attracted customers and stimulated market expansion.
Market Snapshot:
Benchmark Year | 2022 | ||
Market Size | $ xx.x Mnlock | ||
Market Growth (CAGR) | ~ 8% (2023-2030) | ||
Largest Market Share | Asia Pacific | ||
Analysis Period | 2020-2030 | ||
Market Players | Signify Holding, General Electric, OSRAM GmbH, Hubbell, and ACUITY BRANDS, INC. |
Market Insights:
By source, the LED lights segment dominated the global outdoor lighting market in 2022
The global outdoor lighting market is bifurcated into source, application, distribution channel, and geography. On the basis of source, the market is further segmented into LED lights, plasma lamps, high-intensity discharge lamps, and fluorescent lights. The LED lights segment is estimated to dominate the global market with the largest revenue share of around half of the market by 2030. On the other hand, the fluorescent lights segment is estimated to register the fastest CAGR by the end of the analysis period. The same brightness but low cost as compared to conventional lighting, and the expended lifespan are some factors estimated to fuel the segment growth over the forecast period.
By application, the commercial segment is expected to dominate the global market by 2030
On the basis of application, the market is segmented into residential and commercial applications. The commercial segment dominated the global outdoor lighting market in 2022 and is estimated to hold the largest revenue share of around 2/3 market share by the end of the analysis period. The rapidly growing hospitality industry around the world is a prominent factor driving segment growth. Furthermore, the growing real estate industry and the growing infrastructural development in hospitality are projected to propel the segment growth by 2030. On the other hand, the residential segment is estimated to register the fastest growth rate over the forecast period.
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The outdoor lighting comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The outdoor lighting market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.
Historical & Forecast Period
- 2020-21 – Historical Year
- 2022 – Base Year
- 2023-2030 – Forecast Period
Market Segmentation:
By Source:
- LED Lights
- Plasma Lamps
- High-Intensity Discharge Lamps
- Fluorescent Lights
By Application:
- Residential
- Commercial
By Distribution Channel:
- Offline
- Online
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
By region, the Asia Pacific is expected to grow at the fastest CAGR over the forecast period
On the basis of region, North America dominated the global outdoor lighting market in 2022 and anticipated to hold a significant revenue share of over 1/3 market share by the end of the analysis period. The increasing demand for outdoor lighting due to the growing outdoor activities such as family gatherings and dinners is a major factor driving the market growth in the region. Furthermore, the rising trend of back and front yard gardens and the higher expenses on aesthetics in homes are further anticipated to propel the market growth in North America. On the flip side, the Asia Pacific is estimated to grow at the fastest CAGR over the forecast period due to the increasing infrastructural activities in developing economies.
Geographically, the outdoor lighting market report comprises dedicated sections centering on the regional market revenue and trends. The outdoor lighting market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The outdoor lighting market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Outdoor lighting market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.
Competitive Assessment:
Some of the major market players operating in the global outdoor lighting market are Signify Holding, General Electric, OSRAM GmbH, Hubbell, and ACUITY BRANDS, INC. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Signify Holding
- General Electric
- OSRAM GmbH
- Hubbell
- ACUITY BRANDS, INC.
- Zumtobel Group
- Eaton
- Cree LED
- SYSKA
- Virtual Extension
Key Questions Answered by Outdoor Lighting Market Report
- Global outdoor lighting market forecasts from 2023-2030
- Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
- Outdoor lighting submarket forecasts from 2023-2030 covering the market by source, application, distribution channel, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level outdoor lighting markets from 2023-2030
- Competitive Landscape and market positioning of the top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Outdoor Lighting Market Portraiture
2.2. Global Outdoor Lighting Market, by Source, 2022 (USD Mn)
2.3. Global Outdoor Lighting Market, by Application, 2022 (USD Mn)
2.4. Global Outdoor Lighting Market, by Distribution Channel, 2022 (USD Mn)
2.5. Global Outdoor Lighting Market, by Geography, 2022 (USD Mn)
3. Global Outdoor Lighting Market Analysis
3.1. Outdoor Lighting Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Outdoor Lighting Market By Source, 2020 – 2030 (USD Mn)
4.1. Overview
4.2. LED Lights
4.3. Plasma Lamps
4.4. High-Intensity Discharge Lamps
4.5. Fluorescent Lights
5. Global Outdoor Lighting Market By Application, 2020 – 2030 (USD Mn)
5.1. Overview
5.2. Residential
5.3. Commercial
6. Global Outdoor Lighting Market By Distribution Channel, 2020 – 2030 (USD Mn)
6.1. Overview
6.2. Offline
6.3. Online
7. North America Outdoor Lighting Market Analysis and Forecast, 2020 – 2030 (USD Mn)
7.1. Overview
7.2. North America Outdoor Lighting Market by Source, (2020-2030 USD Mn)
7.3. North America Outdoor Lighting Market by Application, (2020-2030 USD Mn)
7.4. North America Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
7.5. North America Outdoor Lighting Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Outdoor Lighting Market by Source, (2020-2030 USD Mn)
7.5.1.2. U.S. Outdoor Lighting Market by Application, (2020-2030 USD Mn)
7.5.1.3. U.S. Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Outdoor Lighting Market by Source, (2020-2030 USD Mn)
7.5.2.2. Canada Outdoor Lighting Market by Application, (2020-2030 USD Mn)
7.5.2.3. Canada Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8. Europe Outdoor Lighting Market Analysis and Forecast, 2020 - 2030 (USD Mn)
8.1. Overview
8.2. Europe Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.3. Europe Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.4. Europe Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8.5. Europe Outdoor Lighting Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.5.1.2. Germany Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.5.1.3. Germany Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.5.2.2. U.K. Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.5.2.3. U.K. Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.5.3.2. France Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.5.3.3. France Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.5.4.2. Spain Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.5.4.3. Spain Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.5.5.2. Italy Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.5.5.3. Italy Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Outdoor Lighting Market by Source, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Outdoor Lighting Market by Application, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
9. Asia Pacific Outdoor Lighting Market Analysis and Forecast, 2020 - 2030 (USD Mn)
9.1. Overview
9.2. Asia Pacific Outdoor Lighting Market by Source, (2020-2030 USD Mn)
9.3. Asia Pacific Outdoor Lighting Market by Application, (2020-2030 USD Mn)
9.4. Asia Pacific Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
9.5. Asia Pacific Outdoor Lighting Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Outdoor Lighting Market by Source, (2020-2030 USD Mn)
9.5.1.2. China Outdoor Lighting Market by Application, (2020-2030 USD Mn)
9.5.1.3. China Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Outdoor Lighting Market by Source, (2020-2030 USD Mn)
9.5.2.2. Japan Outdoor Lighting Market by Application, (2020-2030 USD Mn)
9.5.2.3. Japan Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Outdoor Lighting Market by Source, (2020-2030 USD Mn)
9.5.3.2. India Outdoor Lighting Market by Application, (2020-2030 USD Mn)
9.5.3.3. India Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Outdoor Lighting Market by Source, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Outdoor Lighting Market by Application, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
10. Latin America (LATAM) Outdoor Lighting Market Analysis and Forecast, 2020 - 2030 (USD Mn)
10.1. Overview
10.2. Latin America Outdoor Lighting Market by Source, (2020-2030 USD Mn)
10.3. Latin America Outdoor Lighting Market by Application, (2020-2030 USD Mn)
10.4. Latin America Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
10.5. Latin America Outdoor Lighting Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Outdoor Lighting Market by Source, (2020-2030 USD Mn)
10.5.1.2. Brazil Outdoor Lighting Market by Application, (2020-2030 USD Mn)
10.5.1.3. Brazil Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Outdoor Lighting Market by Source, (2020-2030 USD Mn)
10.5.2.2. Mexico Outdoor Lighting Market by Application, (2020-2030 USD Mn)
10.5.2.3. Mexico Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Outdoor Lighting Market by Source, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Outdoor Lighting Market by Application, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
11. Middle East and Africa Outdoor Lighting Market Analysis and Forecast, 2020 - 2030 (USD Mn)
11.1. Overview
11.2. MEA Outdoor Lighting Market by Source, (2020-2030 USD Mn)
11.3. MEA Outdoor Lighting Market by Application, (2020-2030 USD Mn)
11.4. MEA Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
11.5. Middle East and Africa Outdoor Lighting Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Outdoor Lighting Market by Source, (2020-2030 USD Mn)
11.5.1.2. GCC Outdoor Lighting Market by Application, (2020-2030 USD Mn)
11.5.1.3. GCC Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Outdoor Lighting Market by Source, (2020-2030 USD Mn)
11.5.2.2. South Africa Outdoor Lighting Market by Application, (2020-2030 USD Mn)
11.5.2.3. South Africa Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Outdoor Lighting Market by Source, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Outdoor Lighting Market by Application, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Outdoor Lighting Market by Distribution Channel, (2020-2030 USD Mn)
12. Company Profiles
12.1. Signify Holding
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. General Electric
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. OSRAM GmbH
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Hubbell
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. ACUITY BRANDS, INC.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Zumtobel Group
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Eaton
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Cree LED
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. SYSKA
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Virtual Extension
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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