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Leading Growth Driver in the Outdoor Lighting Market in 2025: Surging Demand For Energy-Efficient Outdoor Lighting Systems Drives The Market Driver's Influence
The outdoor lighting market is being propelled forward by a growing trend towards the use of energy-efficient lighting systems. This involves opting for more eco-friendly light fixtures, such as LEDs and CFL bulbs, which offer greater energy efficiency. The use of sustainable energy sources, like solar power, goes hand-in-hand with these lighting solutions, as LEDs require less energy, making them ideal for outdoor lighting supplied by solar panels. For instance, in June 2023, Energy Efficiency Services Limited (EESL), a government agency in India, distributed around 368 million LED bulbs and tube lights. The impact of this initiative has been substantial, preventing 38 million tons of CO2 emissions annually, and saving consumers a considerable INR 192 ($2.28) billion on their electricity bills. Moreover, in 2022, the US government introduced the Inflation Reduction Acts of 2022 that offered tax incentives to homeowners, builders, and businesses choosing to install energy-efficient lights. This growing commitment to energy-efficient lighting solutions is, therefore, a significant driver of the outdoor lighting market.
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What is the projected compound annual growth rate (CAGR) of the outdoor lighting market from 2025 to 2034, and what factors influence it?
In recent times, the market size of outdoor lighting has seen considerable growth. The market is projected to increase from $14.32 billion in 2024, surging up to $15.38 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.4%. The significant growth during the historic period is the result of advancements in smart lighting technologies, evolving aesthetic and architectural tendencies, growing environmental consciousness, amplified demand for safety and security measures, and a shift towards energy-saving solutions.
The market size for outdoor lighting is predicted to experience substantial expansion in the near future, reaching a valuation of $20.79 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%. The anticipated growth within this period is primarily due to increased led adoption, demand for customized and aesthetic designs, security and safety necessities, the growth of smart lighting, and a push for sustainable, environmentally friendly solutions. Forecasted trends for this period encompass energy efficiency, the integration of smart lighting, urban and infrastructure development, an emphasis on safety and security, and environmental awareness.
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How are the latest trends influencing the growth of the outdoor lighting market?
Outdoor lighting market leaders like Evluma are breaking new ground with the creation of ground-breaking products like roadway luminaires to cater to a larger customer base, boost sales and elevate revenue. Roadway luminaires are light fixtures explicitly engineered and positioned to brighten up streets or highways. Evluma, a lighting firm based in the US, unveiled the RoadMax in June 2022. The RoadMax series stands out due to its adaptability, offering three different sizes-small, medium, and large-crafted to substitute traditional HID 100w, 250w, and 400w cobrahead fixtures. The RoadMax is distinctive not only in its stylish, sleek design that aligns with the RP-8-18 roadway specifications, but also in its unmatched optical design that offers superior roadway performance and presents a pioneering combination of glare control.
What are the major segments of the outdoor lighting market and their role in driving growth?
The outdoor lighting market covered in this report is segmented -
1) By Type: LED Lights, High-Intensity Discharge (HID) Lamps, Fluorescent Lights, Plasma Lamps
2) By Component: Fixture, Control
3) By Application: Street Lighting, Tunnel Lights, Highways, Parking Lots Or Decoration, Parks And Stadium, Building Exteriors, Other Applications
4) By Distribution Channel: Offline, Online
Subsegments:
1) By LED Lights: Flood Lights, Street Lights, Garden Lights, Wall Packs
2) By High-Intensity Discharge (HID) Lamps: Metal Halide Lamps, High-Pressure Sodium Lamps, Low-Pressure Sodium Lamps
3) By Fluorescent Lights: T5 Fluorescent Lights, T8 Fluorescent Lights, T12 Fluorescent Lights
4) By Plasma Lamps: Plasma Arc Lamps, Plasma Discharge Lamps
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Which regions are key players in the growth of the outdoor lighting market?
North America was the largest region in the outdoor lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the outdoor lighting market report during the forecast period. The regions covered in the outdoor lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the outdoor lighting market?
Major companies operating in the outdoor lighting market include Syska LED Lights Company, Hubbell Incorporated, Eaton Corporation plc, Acuity Brands Inc., Dialight plc, General Electric Company, Zumtobel Group AG, Osram Licht AG, Signify Holdings BV, Stanley Electric Co. Ltd., Iwasaki Electric Co. Ltd., Evluma, Halco Lighting Technologies LLC, Philips Lighting Holdings, Cree Inc., KLARUS Lighting Technology Co. Ltd., Deco Lighting Inc., L.D. Kichler Co. Inc., Guangzhou Vorlane Optoelectronics Technology Co. Ltd., Minka Lighting Inc., Hinkley Lighting Inc.
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What Is Covered In The Outdoor Lighting Global Market Report?
• Market Size Forecast: Examine the outdoor lighting market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the outdoor lighting market for a structured understanding.
• Key Players Overview: Analyze major players in the outdoor lighting market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the outdoor lighting market.
• Segment Contributions: Evaluate how different segments drive overall growth in the outdoor lighting market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the outdoor lighting market.
• Industry Challenges: Identify potential risks and obstacles affecting the outdoor lighting market.
• Competitive Landscape: Review strategic developments in the outdoor lighting market, including expansions, agreements, and new product launches.
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