Press release
Outdoor Lighting Market Showing Impressive Growth during Forecast Period 2022 - 2032 | Signify N.V. (Netherlands), OSRAM Licht AG (Germany), Acuity Brands, Inc. (United States)
Lighting products used for outdoor applications come in a variety of forms, from traditional incandescent bulbs to the latest LED lighting products. Outdoor lighting products can be used for a variety of applications, from providing illumination for safety and security purposes, to providing decorative lighting for aesthetic purposes. Outdoor lighting products also come in a variety of styles and designs, and can be used to create different moods and atmosphere.
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Key Trends
Outdoor lighting has been evolving rapidly in recent years, with advances in technology providing a range of innovative solutions for illuminating outdoor spaces. The key trends in outdoor lighting technology are LED lighting, smart lighting, solar lighting, and connected lighting.
LED Lighting
LED lighting has seen a rapid increase in popularity in recent years due to its energy efficiency, long lifespan and low maintenance costs. LED lighting is often used to replace traditional lighting sources such as metal halide and high-pressure sodium lamps, which produce more heat and consume more energy. LED lights are available in a range of colors and can be used to create a variety of lighting effects, making them a popular choice for outdoor lighting applications.
Smart Lighting
Smart lighting is a type of connected lighting that can be controlled remotely, either through a mobile app or voice commands. Smart lighting systems allow users to easily adjust the brightness and color of their outdoor lighting, as well as set schedules for when the lights should turn on and off. Smart lighting systems can also be integrated with other smart home systems, such as home security and climate control systems.
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Key Drivers
The outdoor lighting market is growing rapidly due to the increasing demand for outdoor lighting solutions for commercial, industrial, and residential applications. Moreover, increasing demand for energy-efficient lighting solutions, the rising popularity of smart lighting systems, the growing need for lighting in public spaces, and the increasing adoption of LED lighting.
The demand for energy-efficient lighting solutions is increasing due to the growing awareness of the need to reduce energy consumption and reduce carbon emissions. LED lighting is one of the most energy-efficient lighting solutions available, and is increasingly being adopted for outdoor lighting applications. LED lighting is more efficient, durable, and cost-effective than traditional incandescent and halogen lighting solutions. Additionally, LED lighting is available in a variety of colors and has a longer life-span than traditional lighting solutions.The rising popularity of smart lighting systems is another key driver of the outdoor lighting market. Smart lighting systems are connected lighting solutions that can be controlled remotely via a mobile device or computer. These systems allow users to control lighting levels, turn lights on and off, and dim or brighten lights from a remote location. Smart lighting systems are becoming increasingly popular due to their convenience, energy efficiency, and cost-effectiveness.
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Market Segments
The Outdoor Lighting Market is segmented into type, application, distribution channel, and region. By type, the market is divided into LED Lights, high-intensity discharge (HID) lamps, fluorescent lights, and plasma lamps. Based on application, the market is bifurcated into street lighting, tunnel lights, highways, parking lots/decoration, parks and stadiums, building exteriors, and others. Whereas for distribution channels, the market is segmented by direct sales and retail sales. Region-Wise, the market is segmented by North America, Europe, Asia-Pacific, and the rest of the world.
Key Players
The Outdoor Lighting Market report includes players such as Signify N.V. (Netherlands), OSRAM Licht AG (Germany), Acuity Brands, Inc. (United States), Hubbell Incorporated (United States), Zumtobel Group AG (Austria), Cree, Inc. (United States), Eaton Corporation plc (Ireland), Thorn Lighting (United Kingdom), Panasonic Corporation (Japan), and GE Lighting (United States), among others.
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