Press release
Outdoor Lighting Market is Estimated to Grow at a CAGR of 8.4% within the forecast period of 2023-2030: Cognitive Market Research
- Outdoor Lighting refers to the use of lights and fixtures outside of buildings and structures, for both functional and aesthetic purposes. This can include lighting for security, to enhance the appearance of a property, or to provide illumination for outdoor recreational and entertaining spaces. Outdoor lighting can come in various forms, including wall-mounted fixtures, post lights, lanterns, string lights, flood lights, spotlights, and pathway lights, among others. The type of outdoor lighting selected can vary depending on the intended use, the location, and the desired aesthetic.
Summary
- Global Outdoor Lighting Market is projected to grow at a CAGR of 8.4% during the forecast period of 2023-2030.
The growing technological advancement and increasing government initiatives for smart lighting control systems is the major driving factor for the growth of the Outdoor Lighting market.
North America accounted for the largest market share in the Global Outdoor Lighting Market.
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Market Dynamics
- Growing infrastructural development across the world and the increasing need for energy-efficient lighting system is accelerating the demand for outdoor lighting. The increasing development of wireless technologies for the outdoor lighting system and the adoption of IoT technology for smart street lighting and smart city projects are anticipated to increase the growth of the outdoor lighting market.
Market Segmentation
By Source
- LED Lights
- Plasma Lamps
- High-Intensity Discharge Lamps
- Fluorescent Lights
By Application
- Residential
- Commercial
By Distribution channel
- Offline
- Online
- Major Players in Outdoor Lighting Market : Signify N.V., General Electric Company, OSRAM Licht AG, Zumtobel Group AG, Hubbell Incorporated, SMART Global Holdings Inc., Acuity Brands Inc., Dialight Plc, Stanley Electric Co. Ltd., Iwasaki Electric Co. Ltd.
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North America is a leading region of the Outdoor Lighting market.
- North America held the major market share in the year 2021. This is attributed to the growing technological advancement and increasing government initiatives for smart lighting control systems that are driving the growth of the market.
Asia Pacific is expected to witness the fastest growth during the forecast period owing to growing infrastructural development and increasing government initiatives to develop smart city projects that are expected to drive the growth of the Outdoor Lighting market.
News:
- Signify has launched Philips Pacific LED gen 5 waterproof luminaire
In May 2022, Signify launched the latest generation of the Pacific LED gen5 waterproof luminaire, a solution designed for industry and parking areas. With potential stresses like humidity, extreme temperatures, and chemical fumes, the Pacific LED gen5 is designed for optimal performance. Furthermore, with the option to integrate into the interact wireless connected lighting system, enabling light management solutions, the Pacific LED gen5 can provide energy savings, and enhance employee safety and productivity.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
1.1 Global Outdoor Lighting Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
3.1 Global Outdoor Lighting Market Size 2018 - 2030, (USD Million)
3.2 Global Outdoor Lighting Market: Snapshot
Chapter 4 Global Outdoor Lighting Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Outdoor Lighting Market by Lighting Type Segmentation Analysis (2018-2030)
Chapter 9 Global Outdoor Lighting Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Outdoor Lighting Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Outdoor Lighting Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Outdoor Lighting Market Regional Analysis
Chapter 13 North America Outdoor Lighting Market Outlook (2018 - 2030)
Chapter 14 Europe Outdoor Lighting Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Outdoor Lighting Market Outlook (2018 - 2030)
Chapter 16 Latin America Outdoor Lighting Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Outdoor Lighting Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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- Outdoor Lighting Systems Market- https://www.cognitivemarketresearch.com/outdoor-lighting-systems-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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