The outdoor lighting market is likely to strengthen its boundaries at a steady CAGR of 7.4% during the forecast period. The market is anticipated to hold a revenue of US$ 12.57 billion in 2023, while it is anticipated to cross a value of US$ 25.67 billion by 2033.
The research report on the outdoor lighting market states that the flourishing growth is attributed to increased residential construction and renovation activities. Furthermore, advanced and efficient lighting solutions are gaining traction as consumer behavior shifts towards more sustainable solutions. Another factor that has fuelled the demand for advanced outdoor lighting ideas is enhanced house security as illumination reaches each corner, placing everything in sight.
The advent of helpful lighting solutions like waterproof outdoor wall lights and HID lamps is penetrating the market while advancing different aspects of illumination solutions. The increased number of bungalows, private farmhouses, and resorts also consume a big chunk of the outdoor lighting market. Alongside this, the elevated aesthetic delivered through these solutions also adds value to the market's growth prospects.
A growing number of buildings, roads, and intelligent infrastructure are evolving from older technology to new energy-efficient technologies. Outdoor lighting market analysis explains that many countries are witnessing increasing smart lighting projects. There is a need to use energy-efficient and environment-friendly lighting ideas, keeping the increasing population and pollution in mind. Governments around the world promoting smart and sustainable technologies are pushing the demand for outdoor lighting solutions.
Demand for streets, alleyways, and highways is rising as infrastructure develops. Governments are pursuing environmentally efficient and sustainable lighting options for these assets. LED and solar-powered lights are expanding everywhere, drastically boosting the need for outdoor lighting. The expansion of research and development facilities has given birth to integrated lighting systems such as IoT-integrated lights, lamps, and waterproof outdoor wall lights.
| Attributes | Details |
|---|---|
| Outdoor Lighting Market CAGR (2023 to 2033) | 7.4% |
| Outdoor Lighting Market Size (2023) | US$ 12.57 billion |
| Outdoor Lighting Market Size (2033) | US$ 25.67 billion |
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Short-term Growth (2023 to 2026): The demand for outdoor lighting is expected to flourish as the construction, maintenance, and renovation programs are back on track. This is likely to give birth to new, sustainable, and efficient lighting solutions. The solutions involve outdoor lighting and security lighting solutions. Hence, the market is expected to hold US$ 12.57 billion in 2023, while it is anticipated to reach US$ 15.57 billion by 2026.
Mid-term Growth (2026 to 2029): The outdoor lighting market is expected to bolster on the back of rising commercial buildings in developing countries. The infrastructural race among Asian economies with increased construction of corporate spaces, hotels, restaurants, etc. The mid-term growth period is anticipated to bring new opportunities as the consumer base shifts to a highly sustainable solution. This takes the market value of US$ 15.57 billion in 2026. The market is expected to land at a value of US$ 19.29 billion in 2029.
Long-term Growth (2029 to 2033): The higher safety assurance through the different sets of lights. The high-intensity outdoor lights help in enhancing the landscape lighting of any space. New interior and exterior designers are increasing the outdoor spaces in the house. Thus, people are installing different types of outdoor lighting solutions. These factors are expected to garner market growth during the forecast period. Thus, the tinted glass market is anticipated to thrive at a steady CAGR of 7.4% between 2023 and 2033.
LEDs are the best available option for lighting all around the world. They are cheaper than other traditional options like fluorescent lights and halogens. LED lights have a higher lifespan, approximately 5000 hours, and are not very bright, so there is no eye irritation. LED lights are also energy efficient, and using these lights is helping in the reduction of energy use all over the world. Such a solution is much needed in the energy crisis the world is currently facing. All these factors positively impact LED light sales, and many manufacturers are investing in this market.
Two sectors mainly cover outdoor lighting, street lights, highway lighting, and other infrastructural lighting solutions. Streetlights are necessary, as there are dangers of insufficiently lit roads, leading to accidents. The same goes for highways and other roads. There is a need for outdoor lights around cities, as changing lifestyles have included nightlife too. People have started exploring and going on long rides or trips at night to experience the total contrast of busy, bustling daytime.
Increasing solar-powered lights is also a sustainable and energy-efficient outdoor lighting solution. Governments of many countries are giving contracts to companies for the manufacturing and installation of solar lights wherever needed. All these trends are boosting the outdoor lighting market.
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Lack of maintenance and connectivity problems are the biggest barriers to the market for outdoor lighting. After installation, the streetlights are left unattended. These lights also require upkeep and periodic replacement. Such issues are frequently disregarded by the local government, which leaves things as they are.
Another negative impact on the outdoor lighting market is due to COVID-19. The COVID pandemic led to a global lockdown, stopping all construction and development projects. This unplanned halt led to decreased outdoor light use and ultimately reduced market growth. Even now, as the lockdown is lifted in many regions all around the world, there are delays in the continuation of these constructions and development, restraining the outdoor lighting market growth.
Climate Smart Building Initiative and other Programs are thriving in Regional Growth
North America dominates the outdoor lighting market in terms of market share, as it held a 35.8% share in 2022. The growth is attributed to the increased per capita income and growing awareness around sustainable lighting solutions. Furthermore, the rapid digitization through corporate and industrial spaces is increasing the consumption of outdoor lighting systems. Other than this, extended distribution channels such as online retail stores are garnering market growth.
Japan using smart sensors and cameras to control streetlights is garnering its Regional Growth
Japanese firm named Minebea Mitsumi started a smart lighting project in the Osaka region in 2020. This project focused on using smart lights with sensors and cameras. All these components are controlled using wireless technology. The lights in this area were planned to be illuminated according to the weather conditions and data collected by the sensors. This step was taken to check the effectiveness of smart lighting solutions in busy areas. The increasing demand for advanced interior waterproof outdoor lights is fuelling the sales of outdoor lights.
Australia is ready to change to smart LED lights from HID lights, a step towards sustainable energy conservation.
An Australian company named ADM has taken trial for motion sensing smart lights in Adelaide city in 2021. The company updated the smart light from earlier used high-intensity discharge (HID) lights, which are not energy efficient. The city council also released a video showing how the smart lights work when a vehicle passes from nearby. Furthermore, the increasing online distribution of outdoor lighting through eCommerce platforms is flourishing the sales of outdoor lighting solutions such as waterproof outdoor wall lights.
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| Category | By Distibution Channel |
|---|---|
| Leading Segment | Offline |
| Market Share % (2023) | 67% |
A Higher Number of Discounts Offers, Better Trust, and After-Sales Services make Offline Channels More Convenient
Based on the distribution channel, the offline segment held the leading share of 67% in 2022. The growth is attributed to their purchase, higher penetration, better trust and reliability, and smooth after-sales services. More brands opening their stores for higher expansion and market capture are also fueling segment growth. For example, the Germany-based lighting company TRILUX has introduced its stores in Sweden to capture a larger consumer base. On the other hand, the online segment leads in terms of CAGR. It is due to a larger section of consumers’ indulgence in online shopping.
Some key players in the Outdoor Lighting market are Syska LED, Cree Inc., Virtual Extension, Dialght Plc, ADM, General Electric Company, Takiyo Japan, Zumtobel Group AG, Hubbell Incorporated, Eaton Corporation Plc, Osram Licht AG, Signify Holdings Cree Inc., and others. These companies are focused on developing sustainable and environment-friendly smart lighting solutions. Companies also merge, collaborate, and acquire in order to expand their sales and distributional channels.
Market Developments
The market is estimated to secure a valuation of US$ 12.57 billion in 2023.
The market is forecast to register a CAGR of 7.4% through 2033.
Growing infrastructure and efficient lighting drive demand for sustainable solutions.
New smart building setting and their growing popularity shape new trends in the market.
The global market size is estimated to reach US$ 25.67 billion by 2033.
1. Executive Summary | Outdoor Lighting Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Source, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Source, 2023 to 2033
5.3.1. LED Lights
5.3.2. Plasma Lamps
5.3.3. High-Intensity Discharge Lamps
5.3.4. Fluorescent Lights
5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Residential
6.3.2. Commercial
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Distribution Channel, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Distribution Channel, 2023 to 2033
7.3.1. Direct Sales
7.3.2. Retail Sales
7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Source
9.2.3. By Application
9.2.4. By Distribution Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Source
9.3.3. By Application
9.3.4. By Distribution Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Source
10.2.3. By Application
10.2.4. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Source
10.3.3. By Application
10.3.4. By Distribution Channel
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UNITED KINGDOM
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Source
11.2.3. By Application
11.2.4. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Source
11.3.3. By Application
11.3.4. By Distribution Channel
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Source
12.2.3. By Application
12.2.4. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Source
12.3.3. By Application
12.3.4. By Distribution Channel
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Source
13.2.3. By Application
13.2.4. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Source
13.3.3. By Application
13.3.4. By Distribution Channel
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Source
14.1.2.2. By Application
14.1.2.3. By Distribution Channel
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Source
14.2.2.2. By Application
14.2.2.3. By Distribution Channel
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Source
14.3.2.2. By Application
14.3.2.3. By Distribution Channel
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Source
14.4.2.2. By Application
14.4.2.3. By Distribution Channel
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Source
14.5.2.2. By Application
14.5.2.3. By Distribution Channel
14.6. UNITED KINGDOM
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Source
14.6.2.2. By Application
14.6.2.3. By Distribution Channel
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Source
14.7.2.2. By Application
14.7.2.3. By Distribution Channel
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Source
14.8.2.2. By Application
14.8.2.3. By Distribution Channel
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Source
14.9.2.2. By Application
14.9.2.3. By Distribution Channel
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Source
14.10.2.2. By Application
14.10.2.3. By Distribution Channel
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Source
14.11.2.2. By Application
14.11.2.3. By Distribution Channel
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Source
14.12.2.2. By Application
14.12.2.3. By Distribution Channel
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Source
14.13.2.2. By Application
14.13.2.3. By Distribution Channel
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Source
14.14.2.2. By Application
14.14.2.3. By Distribution Channel
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Source
14.15.2.2. By Application
14.15.2.3. By Distribution Channel
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Source
14.16.2.2. By Application
14.16.2.3. By Distribution Channel
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Source
14.17.2.2. By Application
14.17.2.3. By Distribution Channel
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Source
14.18.2.2. By Application
14.18.2.3. By Distribution Channel
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Source
14.19.2.2. By Application
14.19.2.3. By Distribution Channel
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Source
14.20.2.2. By Application
14.20.2.3. By Distribution Channel
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Source
15.3.3. By Application
15.3.4. By Distribution Channel
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Signify Holding
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. General Electric
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. OSRAM GmbH
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Hubbell
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. ACUITY BRANDS, INC.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Zumtobel Group
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Eaton
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Cree LED
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. SYSKA
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Virtual Extension
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Outdoor Lighting Market
