The Global Outdoor Lighting Market size is expected to reach $23.2 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The term "outdoor lighting" refers to the artificial lighting that is permanently installed to illuminate places that do not have roofs, often known as "outside spaces." The objective of outdoor lighting is to preserve or enhance the visual performance of the people participating in human activities by lighting up the environment. This is accomplished by illumination. The speed and precision with which a visual task is accomplished are what is meant when we talk about someone's "visual performance." The ability to notice the things important to the work at hand is known as the "visual task."
The home's organic appeal and vitality are both improved by the addition of outside lights. It highlights endearing details, lighting the way along paths, and creates an enticing atmosphere. Always put safety first in any situation. Evenings are a great time for outdoor activities, especially when the owner returns home; thus, the most important paths must be adequately illuminated. When the owners are not there, outside lighting might assist in protecting the property.
When darkness falls, having enough exterior lighting enables homes and other individuals to navigate their environments without risk. Driveways and stair railings are two great places to install outdoor lights that are set on posts. They can locate doors and exits, as well as illuminate entrances, with the assistance of outdoor wall lights. In addition, step, path, and address lights provide illumination for staircases and paths, respectively, while address lights provide simple navigation to the intended residence.
Intruders might be deterred from breaking into a property by using timers to turn on the outside illumination. They are also quite attractive. The outdoor wall lights look stylish, but their primary purpose is to improve safety without losing aesthetics.
Due to the rapid development of the COVID-19 pandemic, the governments of several nations have been obliged to ban activities that take place outside to contain the disease. Lockdowns were implemented during the first three months of 2020, which resulted in the temporary closing of parks and stadiums as well as traffic restrictions, which eventually led to a reduction in the use of outdoor lights. The rapid spread of the potentially fatal virus has had a substantial impact on the outdoor lighting systems market, which has slowed the industry's expansion.
The idea of installing intelligent lighting in public spaces, such as roadways and highways, public areas, commercial sites, sports parks, outdoor parking lots, and university and college campuses, is becoming increasingly widespread as a result of the promising applications that can be found for such lighting in a variety of public lighting settings. In addition, as the cost of power continues to rise, a growing number of municipalities worldwide are transitioning to smart lighting to save operational expenses while simultaneously boosting system efficiency and enhancing public safety.
LEDs are now the most effective and efficient kind of lighting that can be purchased anywhere globally. They are more cost-effective than conventional lighting solutions such as fluorescent and halogen lamps. Because LED lights are not extremely bright and have a longer lifetime (about 50,000 hours), there is no risk of eye discomfort from using them. LED lights also have superior quality. The usage of LED lights also contributes to a decrease in the amount of energy that is used throughout the globe since these lights are energy efficient.
LED chips and the goods that are directly connected to them have performance that is inversely proportional to temperature. When the temperature is increased, the performance of the LED will decrease. As a consequence of the constant current, the light output of an LED varies as a function of its junction temperature. This is due to the fact that LED lights are powered by electricity, which results in the generation of heat. The temperature at the high junction raises the temperature of the semiconducting element, which, as a consequence, causes the light output to drop at a more rapid pace over time.
Based on the distribution channel, the outdoor lighting market is categorized into offline and online. In 2021, the offline segment registered the highest revenue share in outdoor lighting market. This is because customers may experience the appearance and feel of the furnishings at offline locations, and employees can assist them in selecting outdoor lighting that meets their specific needs.
Based on application, the outdoor lighting market is categorized into residential and commercial. In 2021, the residential segment covered a substantial revenue share in the outdoor lighting market. In recent years, a change in consumer attitudes toward convenience, entertainment, appearance, and technology has directly resulted from a desire to spend more money on lavish things. These views have been brought about by a desire to indulge in more extravagant consumption.
Based on source, the Outdoor Lighting Market is classified into LED lights, High-Intensity Discharge Lamps, Plasma Lamps, and Fluorescent Lights. The LED lights segment held the largest revenue share in the outdoor lighting market in 2021. When used in outside settings, light emitting diodes, or LEDs, provide a variety of advantages due to their extended running hours and minimal needs for maintenance.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 13.4 Billion |
| Market size forecast in 2028 | USD 23.2 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 8.4% from 2022 to 2028 |
| Number of Pages | 199 |
| Number of Tables | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Distribution Channel, Application, Source, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on region, the outdoor lighting market is divided into North America, Europe, Asia Pacific, and LAMEA. In 2021, the North America region led the outdoor lighting market with maximum revenue share. This put the region in the position of being the leader. Because more people in North America are holding family get-togethers and meals in their backyards and other outside places, there has been an increase in the demand for outdoor lighting.
Free Valuable Insights: Global Outdoor Lighting Market size to reach USD 23.2 Billion by 2028
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 Geography
The global Outdoor Lighting Market size is expected to reach $23.2 billion by 2028.
The emergence of Intelligent Outdoor Lighting are driving the market in coming years, however, LED lighting suffers from poor performance when exposed to high temperatures restraints the growth of the market.
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.
The Commercial market is leading the segment in the Global Outdoor Lighting Market by Application in 2021; thereby, achieving a market value of $15.0 Billion by 2028.
The North America market dominated the Global Outdoor Lighting Market by Region in 2021; thereby, achieving a market value of $8.0 Billion by 2028.
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