PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1738470
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1738470
The Global Commercial Landscape Lighting Market is estimated to be valued at US$ 6.09 Bn in 2025 and is expected to reach US$ 9.91 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 6.09 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 7.20% | 2032 Value Projection: | USD 9.91 Bn |
The global commercial landscape lighting market has been gaining significant traction over the past few years, owing to rapid urbanization and growing focus on beautification of public spaces. Commercial landscape lighting helps enhance the aesthetic appeal and extends the usage of outdoor spaces even after sunset. Moreover, advancements in LED technology have enabled landscape lighting equipment to become more energy efficient. Various real estate developers and municipal corporations are widely utilizing innovative commercial landscape lighting systems to illuminate walkways, fountains, trees, and park areas to attract more visitors and improve safety at night. Going forward, the emergence of smart lighting control systems and continued trend of smart city development are expected to present lucrative opportunities for market players in the coming years.
The global commercial landscape lighting market is anticipated to witness robust growth over the forecast period owing to several factors like rapidly growing construction of commercial buildings, increasing demand for outdoor ambient lighting in malls, hotels, and other public places and advancement in LED technology. Additionally, rising consumer spending on outdoor decorative lights is further fueling the market growth. However, high initial installation cost is a major factor expected to restrain the market growth. Whereas, emergence of innovative smart lighting controls offering wireless connectivity and various other benefits presents huge opportunities for commercial landscape lighting manufacturers globally. Moreover, growing trend of smart cities worldwide is likely to create new avenues for commercial landscape lighting systems with integrated sensors and intelligent controls.
This report provides in-depth analysis of the global commercial landscape lighting market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global commercial landscape lighting market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Signify N.V. (formerly Philips Lighting), Acuity Brands, Inc., Zumtobel Group AG, Hubbell Inc., Cree Lighting, Eaton Corporation, OSRAM GmbH, GE Lighting, LEDVANCE GmbH, Cooper Lighting Solutions, Virtual Extension, Masco Corporation, Portland General Electric Co., LITOM, and LYX - Luminaires
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global commercial landscape lighting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global commercial landscape lighting market