Press release
Global Outdoor LED Lighting Market Report 2025: Rapid Growth, Key Drivers, and Future Trends
Global Outdoor LED Lighting Market
Unleashing the potential of outdoor LED lighting in the global market from 2025, driven by booming construction activities, increasing market size, and innovative technologies.
What Is The Projected Market Size Of The Global Outdoor LED Lighting Market And Its Growth Rate?
The outdoor LED lighting market showcases significant growth prospects.
•Market growth from $30.52 billion in 2024 to $35.36 billion in 2025 at a CAGR of 15.8%
•The current growth is due to energy efficiency and environmental concerns, government regulations, urbanization, and infrastructure development
•Contribution of consumer preferences, awareness, and cost reduction to market growth
•Projected growth to $64 billion in 2029 at a CAGR of 16.0%, powered by smart lighting integration, sustainable development goals, and rising urbanization
What Is Driving The Growth In The Outdoor LED Lighting Market?
The surge in global construction and infrastructure development propels the outdoor LED lighting market. Infrastructure forms the base for a country's economic progress, comprising roads, railways, bridges, water supply, electrical grids, and telecommunications. Construction sites, with their sensitive nature, can benefit from LED lighting, promoting visibility and worker safety. For instance, in July 2024, the US estimated construction spending at an annual rate of $2,162.7 billion, reflecting a significant increase from the previous year. Therefore, the rising construction projects fuel the growth in the outdoor LED lighting market.
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Who Are the Key Players Driving Outdoor LED Lighting Market Growth?
Prominent companies operating in the outdoor LED lighting market include:
•CREE Inc.
•Dialight PLC
•General Electric Co. Ltd.
•Osram Licht AG
•Signify N.V.
•Syska Led Lights Pvt. Ltd.
•Zumtobel Group AG
•Panasonic Corporation
•Hubbell Inc.
What Are The Key Trends In The Outdoor LED Lighting Market?
Critical market trends encompass:
•Integration with smart technologies
•Energy efficiency and sustainability
•Increased adoption of solar-powered LED lighting
•Advanced controls and sensors
•Customization and personalization
What Are The Segments Of The Global Outdoor LED Lighting Market?
The global outdoor LED lighting market comprises:
1)By Offering: Hardware, Software, Services
2)By Communication: Wired, Wireless
3)By Installation: New, Retrofit
4)By Sales Channel: Retail Or Wholesale, Direct Sales, E-Commerce
Which Region Leads The Outdoor LED Lighting Market?
Asia-Pacific dominated the outdoor LED lighting market in 2024 and is expected to remain the fastest-growing region in the coming years. The comprehensive market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Outdoor LED Lighting Global Market Report?
- Market Size Analysis: Analyze the Outdoor LED Lighting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Outdoor LED Lighting Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Outdoor LED Lighting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Outdoor LED Lighting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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