Press release
Driving Outdoor LED Lighting Market Growth in 2025: The Role of Infrastructure Boom To Fuel Outdoor Led Lighting Market Growth
Outdoor LED Lighting Market Size
Outdoor LED Lighting Market Size Growth Forecast: What to Expect by 2025?
There has been a swift expansion in the market size of outdoor LED lighting in the past few years. It is projected to surge from $30.52 billion in 2024 to $35.36 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. The historic growth rate can be credited to factors like energy efficiency, environmental concerns, government policies and guidelines, urban growth and infrastructure development, decreased costs, and consumer tastes and awareness.
How Will the Outdoor LED Lighting Market Size Evolve and Grow by 2029?
Explosive expansion is predicted for the outdoor LED lighting market within the next few years. The market is projected to reach a value of $64 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.0%. This significant increase over the forecasting period can be tied to the integration of smart lighting, the achievement of sustainable development objectives, escalating urbanization, smart city initiatives, as well as a heightened focus on safety and security measures, and the integration of renewable energy. Leaders of the trend for the predicted period include the fusion with smart technologies, energy conservation and sustainability, growing patronage of solar-powered LED lighting, cutting-edge controls and sensors, and a trend towards customization and personalization.
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What Drivers Are Propelling the Growth of Outdoor LED Lighting Market Forward?
With a surge in the number of infrastructure and construction projects, there is a projected boost in the outdoor LED lighting market. Infrastructure, which essentially forms the basis of a nation's economic advancement, includes the construction of roads, railways, bridges, tunnels, water and sewerage systems, power grids, and telecommunication networks. Construction sites are high-risk locations and extremely susceptible to accidents. LED lighting acts as a precautionary measure, reducing chances for incident while promoting employee safety through enhanced visibility. For example, data from the United States Census Bureau, a government body in the US, reveals that construction expenditure in July 2024 was calculated at a seasonally adjusted annual rate of $2,162.7 billion. This was 6.7 percent (±1.8 percent) greater than the July 2023 estimate of $2,027.4 billion. In this same timeframe, construction spending totaled $1,237.5 billion, marking an 8.8 percent (±1.2 percent) rise from the $1,137.4 billion in the corresponding period in 2023. As such, an escalation in infrastructure and construction projects propels the growth of the outdoor LED lighting market.
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Which Emerging Trends Are Transforming the Outdoor LED Lighting Market in 2025?
Product innovation stands a major trend in the outdoor LED lighting industry, with leading firms leaning towards implanting wireless lighting control solutions. For instance, Evluma, an American company specializing in solid-state illumination (LED) products, unveiled RoadMax, a novel highway lighting apparatus, in March 2022. Its proprietary optical design delivers an unrivalled blend of roadway effectiveness and glare control. The RoadMax is further enhanced with light trespass shields, a manually adjustable wattage selection (FAO), and a variety of photocontrol socket options. Furthermore, Evluma's Photocontrol Failsafe, an innovative technology that handles photocontrol breakdowns on street and area lights, can be integrated into RoadMax as an optional feature.
What Are the Key Segments in the Outdoor LED Lighting Market?
The outdoor LED lighting market covered in this report is segmented -
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
Subsegments:
1) By Hardware: LED Luminaires, Control Systems, Mounting And Housing Fixtures
2) By Software: Lighting Control Software, Energy Management Software, Monitoring And Analytics Platforms
3) By Services: Installation Services, Maintenance And Support Services, Consulting Services For Lighting Design
5) By Application: Streets And Roads, Architecture And Urban Landscape, Sports And Large Area, Tunnels, Other Applications
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Who Are the Key Players Shaping the Outdoor LED Lighting Market's Competitive Landscape?
Major companies operating in the outdoor LED lighting market are CREE Inc., Dialight PLC, General Electric Co. Ltd., Osram Licht AG, Signify N.V., Syska Led Lights Pvt. Ltd., Zumtobel Group AG, Acuity Brands Lighting Inc., Panasonic Corporation, Hubbell Inc., Vurtual Extension Ltd., Eaton Corporation, Philips Lighting Holding B.V, Wipro Lighting Ltd., Opple Lighting Co. Ltd., Bajaj Electricals Limited, Cooper Lighting Solutions, Havells India Limited, LED Roadway Lighting Ltd., LG Innotek Co. Ltd., LIGMAN Lighting Co. Ltd., Lumileds Holding B.V., MLS Co. Ltd., Nichia Corporation, Samsung Electronics Co. Ltd., Schréder Group, Seoul Semiconductor Co. Ltd., Soraa, Amerlux, L.D. Kichler Co. Inc.
What Geographic Markets Are Powering Growth in the Outdoor LED Lighting Market?
Asia-Pacific was the largest region in the outdoor LED lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor LED lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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