The outdoor lighting market is likely to grow rapidly across the globe. Increasing activities to upgrade streetlights and conventional street lighting systems would drive the market growth. Market Research Future (MRFR) confirms that the global outdoor lighting market is poised to escalate from USD 25.4 BN in 2022 to USD 51.62 BN by 2032, growing at an 8.20% CAGR during the review period (2023-2032).

Major Players

Leading global outdoor lighting market players include

·        General Electric Company (US)

·        Philips Lighting Holding BV (The Netherlands)

·        Osram Licht AG (Germany)

·        Eaton Corporation PLC (Ireland)

·        Cree, Inc. (US)

·        Hubbell Incorporated (US)

·        Zumtobel Group AG (Austria)

·        Dialight PLC (US)

·        Syska (India)

·        Evluma (US)

·        Virtual Extension (Israel)

·        Masco Corporation (US)

·        Halco Lighting Technologies (US), among others.

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Besides, the rising adoption of smart connected street lighting and growing numbers of smart city projects worldwide boost the outdoor lighting market size. The increasing use of connected LED luminaries and IoT lighting systems accelerates the outdoor lighting market shares. State-wide government initiatives to replace conventional lighting systems with energy-efficient LED technology escalate the market sales.

The growing adoption of energy-efficient lighting systems, increasing government initiatives toward energy efficiency and rising infrastructure developments are the key market drivers enhancing market growth. Financial, logistical, technical, and informational support from governments for cities looking to upgrade their street lighting systems boosts the market demand. 

Outdoor Lighting Market – Segmentation

The report is segmented into lighting types, distribution channels, applications, and regions. The lighting type segment is sub-segmented into LED, plasma, high-intensity discharge (HID), and fluorescent light. The distribution channel segment is sub-segmented into retail and commercial. The application segment is sub-segmented into street lighting, highways, stadiums, parking lots, tunnel lights, parks, and others. By region, the outdoor lighting market is bifurcated into the Americas, Europe, APAC, MEA, and the rest of the world.

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Outdoor Lighting Market - Regional Analysis

Europe dominates the global outdoor lighting market. Factors such as rising government initiatives to upgrade street lighting systems and growing numbers of smart city projects drive the market growth. Besides, the rapid technological advancements and increasing adoption of connected lighting systems for street lights substantiate the market revenues.

 Also, the resurging economy fosters regional market growth, increasing the market shares. The U.K, Norway, Germany, and France are the leading in the market. Moreover, the extensive uptake of outdoor lighting in industrial sectors boosts market development. 

Global Outdoor Lighting Market - Competitive Analysis 

Highly competitive, the outdoor lighting market appears fragmented due to the large presence of well-established players. Industry players initiate strategies such as mergers & acquisitions, collaborations, expansion, and product/ technology launches to gain a larger competitive share. 

Industry/ Innovation/ Related News

Sept. 07, 2023 -- US LED, a leading provider of ultra-long-life LED lighting, launched the new right choice series of outdoor LED area/site lighting. The company also offers other operational efficiency solutions. The new Right Choice Series of outdoor LED luminaries helps users boost their site lighting to a new level of distinction and performance while providing immense value. 

Sep.01, 2023 – Crompton Greaves Consumer Electricals Ltd. announced its entry into the outdoor lighting segment. The company also launched its new Solarion range of Garden and Gate Lights. The Solarion Garden Lights range is designed to cater to the growing interest in outdoor decor. It offers waterproof, weatherproof, and rustproof lighting fixtures, with IP65 certification for water resistance and rust-resistant features to ensure longevity.

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