PUBLISHER: The Business Research Company | PRODUCT CODE: 1661954
PUBLISHER: The Business Research Company | PRODUCT CODE: 1661954
Outdoor LED lighting serves as a versatile tool for illuminating outdoor spaces or reflective surfaces, offering both permanent fixtures and portable options. Its applications range from providing light to enhancing aesthetics or showcasing advertisements. This technology finds purpose in various settings such as city roads, peripheral areas, heritage sites, and urban landscapes.
The primary categories within outdoor LED lighting encompass hardware, software, and associated services. Hardware denotes tangible components or methods for delivering and executing software instructions. Communication aspects are divided into wired and wireless segments. These lighting solutions are deployable in new setups or as retrofits, accessible through retail, wholesale, direct sales, and e-commerce platforms. The utilization of outdoor LED lighting spans across diverse domains including street and road lighting, architectural enhancement in urban landscapes, illuminating sports arenas and expansive areas, tunnel lighting, and numerous other applications.
The outdoor LED lighting market research report is one of a series of new reports from The Business Research Company that provides outdoor LED lighting market statistics, including outdoor LED lighting industry global market size, regional shares, competitors with a outdoor LED lighting market share, detailed outdoor LED lighting market segments, market trends and opportunities, and any further data you may need to thrive in the outdoor LED lighting industry. This outdoor LED lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The outdoor LED lighting market size has grown rapidly in recent years. It will grow from $30.52 billion in 2024 to $35.36 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to energy efficiency and environmental concerns, government initiatives and regulations, urbanization and infrastructure development, cost reduction, consumer preferences and awareness.
The outdoor LED lighting market size is expected to see rapid growth in the next few years. It will grow to $64 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to smart lighting integration, sustainable development goals, rising urbanization and smart city projects, increased emphasis on safety and security, renewable energy integration. Major trends in the forecast period include integration with smart technologies, energy efficiency and sustainability, increased adoption of solar-powered led lighting, advanced controls and sensors, customization and personalization.
An increase in construction and infrastructure projects is anticipated to boost the outdoor LED lighting market. Infrastructure encompasses the systems and facilities that underpin a country's economic development, including the construction of roads, railways, bridges, tunnels, water supply, sewage, electrical grids, and telecommunications. Construction sites are often among the most hazardous work environments, and LED lighting serves as a safety measure that can mitigate the risk of accidents and dangers in these areas. LED lighting enhances visibility, ensuring the safety of workers. For example, in September 2024, the United States Census Bureau, a US government agency, reported that construction spending in July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7 billion, which is 6.7 percent (+-1.8 percent) higher than the July 2023 estimate of $2,027.4 billion. During this period, total construction spending reached $1,237.5 billion, representing an 8.8 percent (+-1.2 percent) increase compared to $1,137.4 billion in the same timeframe in 2023. Consequently, the rise in construction and infrastructure projects is driving the growth of the outdoor LED lighting market.
The rising number of smart city initiatives is projected to drive the growth of the outdoor LED lighting market in the future. A smart city leverages digital technology and data-driven solutions to improve performance, enhance well-being, and reduce costs and resource consumption. In smart cities, outdoor LED lighting boosts energy efficiency and safety through intelligent controls, adaptive lighting systems, and real-time monitoring, thus supporting sustainable urban development. For example, in 2023, the IMD Smart City Index Report, published by a Switzerland-based business school, noted an increase in the number of smart cities from 118 in 2021 to 141 in 2023. As a result, the growing number of smart city projects is fueling the expansion of the outdoor LED lighting market.
Product innovation is a significant trend in the outdoor LED lighting market. Key players in the industry are moving towards implementing wireless lighting control solutions for outdoor LED applications. For example, in March 2022, Evluma, a US-based manufacturer of solid-state illumination (LED) products, launched RoadMax, a new highway lighting fixture. Its unique optical design offers a distinctive combination of roadway performance and glare reduction. Additional features include light trespass shields, field-adjustable wattage selection (FAO), and various photocontrol socket options. Evluma's patented Photocontrol Failsafe technology, which addresses photocontrol failures in street and area lights, can also be added to the RoadMax as a customizable feature.
Companies in the outdoor LED lighting sector are increasingly focusing on introducing energy-saving outdoor lights to secure a competitive advantage in the market. Energy-saving outdoor lights are fixtures designed with advanced technologies, such as LED (light-emitting diode) technology, which use significantly less energy than conventional lighting sources. For instance, in October 2022, Govee, a Hungary-based lighting company, introduced permanent outdoor lights. These fixtures aim to provide an experience comparable to higher-priced options, featuring 75 customizable lighting modes integrated with RGBIC technology. They are built to be durable, energy-efficient, and capable of withstanding temperature variations from -4°F to 140°F due to the anti-UV material used in their construction. As an FTC-certified product with a lifespan of 50,000 hours, the Permanent Outdoor Lights incur an annual energy cost of only $8 if used for three hours daily.
In May 2022, Signify N.V., a Dutch lighting company, acquired Fluence Inc. The undisclosed acquisition further bolsters Signify's global agriculture lighting development platform and extends its footprint within the lucrative North American horticulture lighting sector. Fluence Inc., based in the US, specializes in manufacturing energy-efficient LED lighting systems tailored for commercial crop cultivation and research applications.
Major companies operating in the outdoor LED lighting market are CREE Inc., Dialight PLC, General Electric Co. Ltd., Osram Licht AG, Signify N.V., Syska Led Lights Pvt. Ltd., Zumtobel Group AG, Acuity Brands Lighting Inc., Panasonic Corporation, Hubbell Inc., Vurtual Extension Ltd., Eaton Corporation, Philips Lighting Holding B.V, Wipro Lighting Ltd., Opple Lighting Co. Ltd., Bajaj Electricals Limited, Cooper Lighting Solutions, Havells India Limited, LED Roadway Lighting Ltd., LG Innotek Co. Ltd., LIGMAN Lighting Co. Ltd., Lumileds Holding B.V., MLS Co. Ltd., Nichia Corporation, Samsung Electronics Co. Ltd., Schreder Group, Seoul Semiconductor Co. Ltd., Soraa, Amerlux, L.D. Kichler Co. Inc.
Asia-Pacific was the largest region in the outdoor LED lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor led lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the outdoor led lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The outdoor led lighting market consists of revenues earned by pre-installation and post-installation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The outdoor led lighting market also includes sales of lamps, luminaires and control systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products."
Outdoor LED Lighting Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on outdoor led lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for outdoor led lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The outdoor led lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.