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NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The outdoor landscape lighting market size in US is estimated to grow by USD 132.6 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
5.61%
during the forecast period. Growing demand for energy-efficient lighting
is driving market growth,
with a trend towards
emphasis on highlighting natural features in outdoor landscape lighting . However,
high installation and maintenance costs of outdoor landscape lighting systems
poses a challenge. Key market players include Acuity Brands Inc., All Alliance Lighting, Amp Lighting, Eaton Corp. Plc, Garden Light LED, General Electric Co., Halco Lighting Technologies LLC, Haven Lighting Inc., Hubbell Inc., IDEAL INDUSTRIES Inc., Kichler Lighting LLC, LEDiL, LSI Industries Inc., Lumiere Lighting, Modern Lighting
by Lumens Light and Living, Neo Neon Holdong Ltd., RAB Lighting Inc., Signify NV, VOLT Lighting, and Wipro Ltd..
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Technavio has announced its latest market research report titled Outdoor landscape lighting market in us 2024-2028
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report
| Outdoor Landscape Lighting Market In US Scope |
| Report Coverage |
Details |
| Base year |
2023 |
| Historic period |
2018 - 2022 |
| Forecast period |
2024-2028 |
| Growth momentum & CAGR |
Accelerate at a CAGR of 5.61% |
| Market growth 2024-2028 |
USD 132.6 million |
| Market structure |
Fragmented |
| YoY growth 2022-2023 (%) |
5.3 |
| Regional analysis |
US |
| Performing market contribution |
North America at 100% |
| Key countries |
US |
| Key companies profiled |
Acuity Brands Inc., All Alliance Lighting, Amp Lighting, Eaton Corp. Plc, Garden Light LED, General Electric Co., Halco Lighting Technologies LLC, Haven Lighting Inc., Hubbell Inc., IDEAL INDUSTRIES Inc., Kichler Lighting LLC, LEDiL, LSI Industries Inc., Lumiere Lighting, Modern Lighting
by Lumens Light and Living, Neo Neon Holdong Ltd., RAB Lighting Inc., Signify NV, VOLT Lighting, and Wipro Ltd. |
Market Driver
Outdoor landscape lighting in the US market is focused on enhancing the natural beauty and functionality of outdoor spaces. This is achieved by employing techniques such as up-lighting and down-lighting to accentuate the textures and colors of trees, shrubs, and flower beds. Lumens Inc. Is a leading provider of outdoor landscape lighting solutions, offering products that perfectly highlight natural elements. Their "moonlighting" effect uses lights placed high in trees to mimic the soft, natural glow of the moon. Lumens Inc.'s products for highlighting plants and foliage are available at slightly cooler color temperatures. LED lights, such as those offered by Garden Light LED, are versatile and offer precise control over lighting, enhancing the appearance of natural landscape features without causing damage or excessive heat. These energy-efficient LED lights are designed for safety and are certified by ETL and UL1838 standards. Strategically placed accent lights draw attention to specific landscape elements, adding depth and dimension. The growing trend towards highlighting natural features will drive the growth of the outdoor landscape lighting market in the US.
The Outdoor Landscape Lighting Market in the US is experiencing significant growth due to increasing demand for enhancing the aesthetic value of residential and commercial properties. Trends in the market include the use of drainage systems for proper water management and infection prevention during installation. In the healthcare sector, surgical drainage systems are in high demand for procedures like abdominal and orthopedic surgeries. These systems help prevent post-operative fluid accumulation and aid in patient recovery. Material segmentation includes silicone, rubber, and other material drains, with PVC, polyurethane, and stainless steel being popular choices. The market for wound drainage systems includes passive drains used in general, cardiac & thoracic, orthopedics, and obstetric/gynecological surgeries. Accessories like negative pressure systems are also gaining popularity for their role in infection prevention and pain management during hospital stays. The market caters to various sectors including hospitals, orthopedics field, chronic conditions, ambulatory surgery centers, and clinics. Minimally invasive procedures and medical device technologies are driving the market forward.
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Market
Challenges
The outdoor landscape lighting market in the US faces challenges due to high installation and maintenance costs. Advanced lighting systems require skilled professionals for installation, increasing labor costs. Intricate designs and large-scale installations increase labor time and complexity. New technologies, such as smart lighting and solar-powered systems, have higher initial costs, which can deter cost-conscious consumers. Solar-powered lights require regular maintenance, adding to the overall cost. Energy-efficient solutions offer long-term savings but require significant upfront investment. Installation may necessitate electrical work and landscape modifications. Outdoor lighting systems are exposed to elements, leading to wear and tear and increased installation costs. These high costs can deter potential buyers, particularly those with limited budgets, negatively impacting the growth of the outdoor landscape lighting market in the US.
The Outdoor Landscape Lighting Market in the US faces several challenges. One challenge is the presence of other surgeries and medical procedures that may prioritize budgets over landscape lighting. Another challenge is the segmentation of the market based on flow type, with active drains and passive drainage systems each having unique advantages and applications. Material segmentation also poses a challenge, with silicone, rubber, and other material drains, as well as PVC, polyurethane, and stainless steel, each offering distinct benefits. In the healthcare industry, surgical drainage systems, including passive drains, are used in various fields such as general surgery, cardiac & thoracic surgery, orthopedics surgery, and obstetric/gynecological surgery. Hospitals, orthopedics fields, and ambulatory surgery centers are key customers. Chronic conditions like diabetes, obesity, and cardiovascular diseases increase the demand for medical device technologies like laparoscopy and endoscopy. Budget constraints, clinical trials, and the global healthcare industry's evolution continue to shape the market landscape.
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Segment Overview
This outdoor landscape lighting market in US report extensively covers market segmentation by
Type
Application
End-user
3.1 Commercial
3.2 Residential
Geography
1.1
LED-
The Outdoor Landscape Lighting Market in the US is thriving, with increasing demand for aesthetically pleasing and energy-efficient lighting solutions. Homeowners seek to enhance their property's curb appeal and security, driving market growth. Manufacturers focus on innovation, offering various styles and technologies, such as LED and solar-powered lights. The market size is projected to expand steadily, providing opportunities for businesses in the industry.
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Research Analysis
The Outdoor Landscape Lighting Market in the US is a thriving industry that caters to homeowners and commercial property owners seeking to enhance the beauty and safety of their outdoor spaces. This market offers various types of lighting systems, including solar, LED, and traditional lighting, designed to illuminate gardens, walkways, patios, and other outdoor areas. Outdoor landscape lighting is essential for creating an inviting ambiance, improving security, and extending the use of outdoor spaces beyond daylight hours. The market also offers a range of accessories, such as timers, motion sensors, and dimmers, to customize lighting preferences. While there are significant differences between the Outdoor Landscape Lighting Market and the Surgical Drainage Systems Market, it's interesting to note some common themes. Both markets prioritize functionality, safety, and patient/customer satisfaction. In the case of surgical drainage systems, these systems help prevent post-operative fluid accumulation, reduce infection risk, and aid in patient recovery. Surgical drainage systems come in various types, including passive and active drains, and are used in various surgical fields, such as cardiac & thoracic surgery, orthopedics, general surgery, obstetric/gynecological surgery, and other procedures. These systems are crucial in managing chronic medical conditions and minimally invasive procedures, ensuring optimal surgical field conditions, pain management, and hospital stays.
Market Research Overview
The Outdoor Landscape Lighting Market in the US is a thriving industry that caters to the aesthetic and functional needs of residential and commercial outdoor spaces. This market includes various types of lighting systems, such as LED, solar, and traditional bulbs, as well as accessories like timers and motion sensors. While the Outdoor Landscape Lighting Market and the Wound Drainage Market may seem unrelated at first glance, they do share some common themes. Both markets serve important functions in their respective industries. In the case of Wound Drainage, the market focuses on providing solutions for post-surgical care, including drainage systems for managing fluid accumulation during patient recovery. This is crucial for infection prevention and ensuring optimal surgical field conditions for various procedures, such as abdominal, orthopedic, and other surgeries. The Wound Drainage Market is segmented based on flow type (active drains, passive drainage systems) and material type (silastic drains, rubber drains, other material drains, Polyvinyl chloride (PVC), Polyurethane, Stainless steel). These systems are used in hospitals, orthopedics fields, ambulatory surgery centers, and clinics for chronic conditions like diabetes, obesity, and cardiovascular diseases. The market is also influenced by medical device technologies like laparoscopy and endoscopy, budget constraints, and clinical trials in the global healthcare industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Type
Application
End-user
Geography
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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SOURCE Technavio
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