Press release
Global Outdoor Lighting Market: Steady Growth, Key Innovations and Market Size Insights
The outdoor lighting market demonstrates a strong and steady growth pattern, ready for more developments and innovations. Key data includes:
• The market size was marked at $14.32 billion in 2024 and is projected to rise to $15.38 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
• By 2029, the market size is expected to reach $20.79 billion at a CAGR of 7.8%.
This growth has been fueled by continuous innovation in smart lighting, rising demand for safety and security, shift to energy-efficient solutions, and expanding LED penetration.
What Is Driving The Growth In The Outdoor Lighting Market?
The outdoor lighting market has found its drive from the increasing adoption of energy-efficient lighting systems. More environmentally friendly solutions like LEDs and CFL bulbs along with alternative energy sources like solar energy have entered the mainstream. For instance, Energy Efficiency Services Limited (EESL), an India-based government agency, reported in June 2023 that it had distributed approximately 368 million LED bulbs and tube lights. In saving consumers INR 192 ($2.28) billion in electricity costs, this initiative has resulted in avoiding 38 million tons of CO2 emissions annually.
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Who Are the Key Players Driving Outdoor Lighting Market Growth?
The outdoor lighting market benefits from the works of these major players:
• Syska LED Lights Company
• Hubbell Incorporated
• Eaton Corporation plc
• Acuity Brands Inc.
• Dialight plc
What Are The Key Trends In The Outdoor Lighting Market?
• Energy efficiency
• Smart lighting integration
• Urbanization and infrastructure development
• Focus on safety and security
• Environmental concern
What Are The Segments Of The Global Outdoor Lighting Market?
• By Type: LED Lights, High-Intensity Discharge (HID) Lamps, Fluorescent Lights, Plasma Lamps
• By Component: Fixture, Control
• By Application: Street Lighting, Tunnel Lights, Highways, Parking Lots Or Decoration
Which Region Leads The Outdoor Lighting Market?
North America took the lead in the outdoor lighting market in 2024, while Asia-Pacific is expected to show the fastest growth in the coming years. These insights include all regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Outdoor Lighting Market Global Market Report?
- Market Size Analysis: Analyze the Outdoor Lighting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Outdoor Lighting Market for effective categorization.
- Key Player Focus: 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 Lighting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Outdoor Lighting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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