The North America Outdoor Lighting Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
Lighting outdoor space and landscaping with a professional's touch adds value in more ways than one. It may draw attention to certain design aspects or provide the impression that a space is more significant. After dark, it enhances the aesthetic of popular outdoor living areas while making such spaces more usable. Moreover, the value of security cannot be overstated at any time. Improving the property's doorway may be one of the simplest and most cost-effective ways to increase its curb appeal and influence its value. A brisk coat of paint, some modern light fixtures, and one or two accent pieces are all that is required for the homes.
Above all things, proper illumination makes every step outdoors even better. There is no better location to relax, entertain guests, or discover the neighborhood than in a house's front or back yard. A well-lit outside sets the stage for remarkable experiences, whether those experiences consist of a dinner eaten beneath the sky, a campfire with friends, or a kind greeting.
Installing outdoor lighting makes activities such as production, construction, transportation, city beautification, and so on in outdoor areas more effective, safe, secure, and comfortable. In addition, this will allow for increased efficiency in human activities during the dark hours of the day.
The United States of America is the quite popular vacation spot and the primary destination for travellers from Mexico. In 2021, 10.4 million Mexicans traveled to the United States, accounting for 47% of all international tourists that arrived in the country. As a result of the increasing number of building projects that are being carried out throughout the country, there has been an uptick in demand for outdoor fixtures such as lighting, which in turn has contributed to the expansion of the market.
The US market dominated the North America Outdoor Lighting Market by Country in 2021; thereby, achieving a market value of $5,895.7 Million by 2028. The Canada market is experiencing a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Commercial and Residential. Based on Source, the market is segmented into LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Outdoor Lighting Market is Predict to reach $23.2 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Acuity Brands Lighting, Inc., Signify N.V., Zumtobel Group AG, Cree, Inc. (SMART Global Holdings, Inc.), OSRAM GmbH (AMS AG), Eaton Corporation PLC, Hubbell Incorporated, Virtual Extension Ltd. and Syska LED Lights Private Limited
By Distribution Channel
By Application
By Source
By Country
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