PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1763674
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1763674
Outdoor Lighting Market Introduction and Overview
According to SPER market research, 'Global Outdoor Lighting Market Size- By Type, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Outdoor Lighting Market is predicted to reach 43.63 billion by 2034 with a CAGR of 9.68%.
Outdoor lighting is used to improve the visual appeal and ambiance of outdoor spaces, which contributes to urban beautification and placemaking efforts. Architectural lighting, landscape lighting, and ornamental lighting fixtures are used to highlight landmarks, monuments, buildings, and outdoor landscapes, resulting in welcoming and vibrant public spaces. The global growth of smart city efforts and digital transformation projects is driving the use of smart outdoor lighting solutions that integrate IoT (Internet of Things) technology and data analytics.
Restraints: The initial investments of purchasing and installing outdoor lighting systems, especially energy-efficient and smart lighting solutions, can be significant. For organisations, municipalities, and homes, the initial cost may be a barrier to adoption, especially if budget limits or ROI concerns prevent spending on lighting upgrades or retrofits. Compliance with a complicated regulatory landscape, which includes energy efficiency standards, lighting ordinances, environmental restrictions, and safety codes, presents difficulties for outdoor lighting producers, designers, and installers.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Application, By Distribution Channel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Signify Holding, ACUITY BRANDS, INC, Hubbell, Zumtobel Group, ams-OSRAM AG, Outdoor Lighting Perspectives, Savant Systems Inc (GE Lighting), Cree LED, SYSKA, Virtual Extension.
Global Outdoor Lighting Market Segmentation:
By Type: Based on the Type, Global Outdoor Lighting Market is segmented as; LED Lights, Plasma Lamps, High-Intensity Discharge Lampsm, Fluorescent Lights.
By Application: Based on the Application, Global Outdoor Lighting Market is segmented as; Residential, Commercial.
By Distribution Channel: Based on the Distribution Channel, Global Outdoor Lighting Market is segmented as; Online, Offline.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.