Outdoor Lighting Market Report: Trends, Forecast and Competitive Analysis to 2030

Outdoor Lighting Trends and Forecast

The future of the global outdoor lighting market looks promising with opportunities in the street lighting, tunnel lights, highways, parking lots/decoration, parks and stadium, and building exteriors markets. The global outdoor lighting market is expected to reach an estimated $63.81 billion by 2030 with a CAGR of 14.0% from 2024 to 2030. The major drivers for this market are rising acceptance of efficient lighting and enhanced energy efficiency and extended product lifespan.The major drivers for this market are expanding the use of lighting technologies that use less energy, expanding governmental energy-efficiency measures, and growing infrastructure spending and the introduction of networked and intelligent technology.

A more than 150-page report is developed to help in your business decisions.

Outdoor Lighting by Segment

The study includes a forecast for the global outdoor lighting by type, distribution channel, application, and region.

Outdoor Lighting Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• LED Lights
• High-Intensity Discharge Lamps
• Fluorescent Lights
• Plasma Lamps

Outdoor Lighting Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Direct Sales
• Retail Sales

Outdoor Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Street Lighting
• Tunnel Lights
• Highways
• Parking Lots/Decoration
• Parks and Stadium
• Building Exteriors
• Others

Outdoor Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Outdoor Lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies outdoor lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the outdoor lighting companies profiled in this report include-

• Iwasaki Electric
• Vonn
• Acuity Brands
• Zumtobel
• Havells India
• Stanley Electric
• Dialight
• Samsung Electronics
• Trade Gear
• Masco

Outdoor Lighting Market Insights

Lucintel forecasts that LED lights will remain the largest segment over the forecast period due to long lifespan than bulbs.

Within this market, building exteriors is expected to witness the highest growth due to increased safety, comfort, convenience, and speed for both drivers and passengers.

Europe will remain the largest region over the forecast period due to prevalence of micro-firms and small- and medium-sized enterprises.

Features of the Global Outdoor Lighting Market

Market Size Estimates: Outdoor lighting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Outdoor lighting market size by type, distribution channel, application, and region in terms of value ($B).

Regional Analysis: Outdoor lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, distribution channel, application, and regions for the outdoor lighting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the outdoor lighting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the outdoor lighting market size?

Answer: The global outdoor lighting market is expected to reach an estimated $63.81 billion by 2030.

Q2. What is the growth forecast for outdoor lighting market?

Answer: The global outdoor lighting market is expected to grow with a CAGR of 14.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the outdoor lighting market?

Answer: The major drivers for this market are expanding the use of lighting technologies that use less energy, expanding governmental energy-efficiency measures, and growing infrastructure spending and the introduction of networked and intelligent technology.

Q4. What are the major segments for outdoor lighting market?

Answer: The future of the outdoor lighting market looks promising with opportunities in the street lighting, tunnel lights, highways, parking lots/decoration, parks and stadium, and building exteriors markets.

Q5. Who are the key outdoor lighting market companies?

Answer: Some of the key outdoor lighting companies are as follows.

• Iwasaki Electric
• Vonn
• Acuity Brands
• Zumtobel
• Havells India
• Stanley Electric
• Dialight
• Samsung Electronics
• Trade Gear
• Masco

Q6. Which outdoor lighting market segment will be the largest in future?

Answer: Lucintel forecasts that LED lights will remain the largest segment over the forecast period due to long lifespan than bulbs.

Q7. In outdoor lighting market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to prevalence of micro-firms and small- and medium-sized enterprises.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the outdoor lighting market by type (LED lights, high-intensity discharge lamps, fluorescent lights, and plasma lamps), distribution channel (direct sales and retail sales), application (street lighting, tunnel lights, highways, parking lots/decoration, parks and stadium, building exteriors, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?