Press release
Surging Demand For Energy-Efficient Outdoor Lighting Systems Drives The Market: A Significant Driver Propelling The Outdoor Lighting Market In 2025
Outdoor Lighting
What Is the Expected Outdoor Lighting Market Size During the Forecast Period?
Recent years have seen robust growth in the size of the outdoor lighting market. This market is projected to grow from $14.32 billion in 2024 to $15.38 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.4%. The historical growth can be credited to innovation in smart lighting, architectural and aesthetic trends, environmental consciousness, increased demand for safety and security, and a transition to energy-efficient solutions.
The market for outdoor lighting is projected to witness significant expansion in the coming years, reaching a value of $20.79 billion by 2029 with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth in the prediction period include increased adoption of LED lighting, growing demand for personalized and aesthetic lighting, security and safety needs, evolution of smart lighting, and adoption of sustainable and eco-friendly solutions. Noteworthy trends during the projected period include energy efficiency, integration of smart lighting, urban growth and infrastructure development, attention to safety and security, and environmental concerns.
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What Are the Major Segments in the Outdoor Lighting Market?
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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What Are The Driving Outdoor Lighting Market Evolution?
The surge in usage of energy-saving lighting systems is propelling the growth of the outdoor lighting market. Energy-saving lighting entails the application of more eco-friendly lighting alternatives such as LEDs and CFL bulbs. This includes the employment of substitute energy resources like solar energy since LEDs consume less energy and are perfectly suited for outdoor lighting powered by solar panels. For instance, Energy Efficiency Services Limited (EESL), a government agency based in India, disclosed in June 2023 that it had distributed an estimated 368 million LED bulbs and tube lights. This initiative has led to the prevention of 38 million tons of CO2 emissions annually and saved consumers INR 192 ($2.28) billion in electricity costs. Furthermore, in 2022, the Inflation Reduction Acts of 2022 were implemented by the US government, which offered tax deductions to homeowners, builders, and commercial businesses that chose energy-efficient lighting alternatives. Thus, the rising uptake of energy-saving lighting systems propels the outdoor lighting market's growth.
Which Firms Dominate The Outdoor Lighting Market Segments?
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.
What Trends Are Expected to Dominate the Outdoor Lighting Market in the Next 5 Years?
Prominent players in the outdoor lighting market are pioneering the creation of unique products like roadway luminaires to expand their customer base, boost sales, and increase revenue. Roadway luminaires are specialized lighting fixtures designed and installed to illuminate roads, streets, or highways. For instance, Evluma, an American lighting firm, launched RoadMax in June 2022. The RoadMax series stands out due to its versatility, offering three sizes-small, medium, and large-that accommodate various wattages designed to replace legacy HID 100w, 250w, and 400w cobrahead fixtures. Designed uniquely to comply with RP-8-18 roadway specifications, this luminaire presents a stylish and sleek aesthetic. Its distinct optical design provides not only excellent roadway performance but also a pioneering mix of glare control.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Outdoor Lighting Market?
2. What is the CAGR expected in the Outdoor Lighting Market?
3. What Are the Key Innovations Transforming the Outdoor Lighting Industry?
4. Which Region Is Leading the Outdoor Lighting Market?
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