(MENAFN- EIN Presswire)
Outdoor Lighting Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs” - The Business Research Company
LONDON, GREATER LONDON , UNITED KINGDOM, September 25, 2024 /EINPresswire / -- The outdoor lighting market has experienced robust growth in recent years, expanding from $13.46 billion in 2023 to $14.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to innovation in smart lighting, aesthetic and architectural trends, environmental awareness, rising demand for safety and security, shift to energy-efficient solutions.
What Is The Estimated Market Size Of The Global Outdoor Lighting Market And Its Annual Growth Rate?
The outdoor lighting market is projected to continue its strong growth, reaching $19.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to led penetration, demand for customization and aesthetics, security and safety requirements, smart lighting expansion, sustainable and eco-friendly solutions.
Explore Comprehensive Insights Into The Global Outdoor Lighting Market With A Detailed Sample Report:
Growth Driver Of The Outdoor Lighting Market
The increasing adoption of energy-efficient lighting systems is driving the outdoor lighting market. Energy-efficient lighting entails adopting more environmentally friendly lighting solutions such as LEDs and CFL bulbs. It involves using alternative energy sources, such as solar energy, as LEDs use less energy and are best suited for outdoor lighting that solar panels can supply.
Order Your Report Now For A Swift Delivery:
Which Market Players Are Driving The Outdoor Lighting Market Growth?
Key players in the tem market include Syska LED Lights Company, Hubbell Incorporated, Eaton Corporation PLC, Acuity Brands Inc., Virtual Extension Ltd., Dialight PLC, General Electric Company, Zumtobel Group AG, Osram Licht AG, Signify Holdings BV, Xylem Corporation, Stanley Electric Co. Ltd., Iwasaki Electric Co. Ltd., SMART Global Holdings Inc., Evluma, Halco Lighting Technologies LLC, Masco Corporation, Philips Lighting Holdings, Cree Inc., Black Diamond Equipment, Goldmore, Johnson Outdoors Inc., Newell Brands Inc., Extreme Lights, 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 Are the Key Trends That Influence The Outdoor Lighting Market Size?
Major companies operating in the outdoor lighting market are developing LED outdoor lights to sustain in the market. LED outdoor lights are energy-efficient, durable lighting fixtures utilizing light-emitting diodes, designed for exterior applications such as landscapes, pathways, and architectural illumination.
How Is The Global Outdoor Lighting Market 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/Decoration, Parks and Stadium, Building Exteriors, Other Applications
4) By Distribution Channel: Offline, Online
Geographical Insights: North America Leading The Outdoor Lighting Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Outdoor Lighting Market Definition
Outdoor lighting refers to lighting that is installed on outside premises, such as streets, highways, and alleys. This lighting is used to illuminate dark outdoor areas and enhance outdoor environments' aesthetics.
The main types of outdoor lighting are LED lights, high-intensity discharge (HID) lamps, fluorescent lights, and plasma lamps. Light-emitting diode light refers to lighting in which an electrical current is passed through a microchip, which produces illumination. There are some components that involve fixtures and control for various applications, such as street lighting, tunnel lights, highways, parking lots, parks, and stadiums, building exteriors, and others. These are distributed through offline and online channels.
Outdoor Lighting Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global outdoor lighting market report covering trends, opportunities, strategies, and more
The Outdoor Lighting Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on outdoor lighting market size, outdoor lighting market drivers and trends, outdoor lighting market major players and outdoor lighting market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Smart Lighting Global Market Report 2024
report/smart-lighting-global-market-report
Electric Lighting Equipment Global Market Report 2024
report/electric-lighting-equipment-global-market-report
Light Control Switches Global Market Report 2024
report/light-control-switches-global-market-report
What Does The Business Research Company Do?
The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package, and much more.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
...
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN25092024003118003196ID1108713914