Landscape Lighting Market to Register a Stout Growth by 2028-end
Landscape Lighting Market: Drivers and Challenges
The drivers for the landscape lighting market include the increasing need of the landscape lighting in the public areas, parks and institute campuses. Also, nowadays the adoption of landscape lighting is increased in some places such as highways, city parks, commercial sites, and outdoor parking lots. The government is focusing towards the development of smart city project, which requires the installation of the landscape lightings. Thus, this use of landscape lighting in intelligent cities gives substantial growth to the landscape lighting market. Some benefits of landscape lighting include real-time monitoring and controlling of connected smart street light infrastructure; due to witch the landscape lighting market is expected to have significant growth during the forecast period. Increasing penetration of the landscape lighting market as an energy-efficient lighting source is expected to provide a rise in growth opportunities to landscape lighting market during the forecast period. These factors are expected to contribute to the growth of the landscape lighting market in the coming years.
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Moreover, government initiatives toward energy conservation are a key factor driving the growth of the landscape lighting market. Also, the adoption of high-cost infrastructure in-house outdoors, in gardens and streets are providing the potential increase to the landscape lighting market. Also, with the development of any country, there is a development of various sectors including the railway and civil. The landscape lighting finds a huge application owing to the development of these sectors. This is another reason providing the potential growth to the landscape lighting market. However, high import duties on landscape lighting are expected to hinder the landscape lighting market during the forecast period.
Landscape Lighting Market: Segmentation
The landscape lighting market can be segmented based on lighting type, application and end users.
On the basis of lighting type, the landscape lighting market can be segmented into:
High-intensity discharge (HID) lamps
High-emitting diode (LED) light
On the basis of application, the landscape lighting market can be segmented into:
On the basis of end user, the landscape lighting market can be segmented into:
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Landscape Lighting Market: Key Players
Some key players in the landscape lighting market are Syska LED, Koninklijke Philips N.V., General Electric, Hubbell, OSRAM, Cree Inc., Eaton, Dialight, Virtual Extension, and Zumtobel Group AG. These companies are expected to influence the landscape lighting market during the forecast period also.
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