Outdoor Lighting Trends and Forecast
The future of the global outdoor lighting market looks promising with opportunities in the street lighting, tunnel lights, highways, parking lots/decoration, parks and stadium, and building exteriors markets. The global outdoor lighting market is expected to reach an estimated $63.81 billion by 2030 with a CAGR of 14.0% from 2024 to 2030. The major drivers for this market are rising acceptance of efficient lighting and enhanced energy efficiency and extended product lifespan.The major drivers for this market are expanding the use of lighting technologies that use less energy, expanding governmental energy-efficiency measures, and growing infrastructure spending and the introduction of networked and intelligent technology.Outdoor Lighting by Segment
The study includes a forecast for the global outdoor lighting by type, distribution channel, application, and region.Outdoor Lighting Market by Type [Shipment Analysis by Value from 2018 to 2030]
- LED Lights
- High-Intensity Discharge Lamps
- Fluorescent Lights
- Plasma Lamps
Outdoor Lighting Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]
- Direct Sales
- Retail Sales
Outdoor Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Street Lighting
- Tunnel Lights
- Highways
- Parking Lots/Decoration
- Parks and Stadium
- Building Exteriors
- Others
Outdoor Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Outdoor Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies outdoor lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the outdoor lighting companies profiled in this report include-- Iwasaki Electric
- Vonn
- Acuity Brands
- Zumtobel
- Havells India
- Stanley Electric
- Dialight
- Samsung Electronics
- Trade Gear
- Masco
Outdoor Lighting Market Insights
The publisher forecasts that LED lights will remain the largest segment over the forecast period due to long lifespan than bulbs.Within this market, building exteriors is expected to witness the highest growth due to increased safety, comfort, convenience, and speed for both drivers and passengers.
Europe will remain the largest region over the forecast period due to prevalence of micro-firms and small- and medium-sized enterprises.
Features of the Global Outdoor Lighting Market
- Market Size Estimates: Outdoor lighting market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Outdoor lighting market size by type, distribution channel, application, and region in terms of value ($B).
- Regional Analysis: Outdoor lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, distribution channel, application, and regions for the outdoor lighting market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the outdoor lighting market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the outdoor lighting market size?Answer: The global outdoor lighting market is expected to reach an estimated $63.81 billion by 2030.
Q2. What is the growth forecast for outdoor lighting market?
Answer: The global outdoor lighting market is expected to grow with a CAGR of 14.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the outdoor lighting market?
Answer: The major drivers for this market are expanding the use of lighting technologies that use less energy, expanding governmental energy-efficiency measures, and growing infrastructure spending and the introduction of networked and intelligent technology.
Q4. What are the major segments for outdoor lighting market?
Answer: The future of the outdoor lighting market looks promising with opportunities in the street lighting, tunnel lights, highways, parking lots/decoration, parks and stadium, and building exteriors markets.
Q5. Who are the key outdoor lighting market companies?
Answer: Some of the key outdoor lighting companies are as follows:
- Iwasaki Electric
- Vonn
- Acuity Brands
- Zumtobel
- Havells India
- Stanley Electric
- Dialight
- Samsung Electronics
- Trade Gear
- Masco
Answer: The publisher forecasts that LED lights will remain the largest segment over the forecast period due to long lifespan than bulbs.
Q7. In outdoor lighting market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to prevalence of micro-firms and small- and medium-sized enterprises.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the outdoor lighting market by type (LED lights, high-intensity discharge lamps, fluorescent lights, and plasma lamps), distribution channel (direct sales and retail sales), application (street lighting, tunnel lights, highways, parking lots/decoration, parks and stadium, building exteriors, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Outdoor Lighting Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Iwasaki Electric
- Vonn
- Acuity Brands
- Zumtobel
- Havells India
- Stanley Electric
- Dialight
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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