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Outdoor Lighting Market

Market Insights on Outdoor Lighting covering sales outlook, demand forecast & up-to-date key trends

Outdoor Lighting Market By Technology, Type of Lighting, Application, Distribution Channel & Region - Forecast 2022 - 2032

Outdoor Lighting Market Snapshot (2022-2032)

The Outdoor Lighting Market is likely to hold the global market at a moderate CAGR of ~7.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 11.7 Billion in 2022 and is likely to cross ~US$ 22.2 Billion by the end of 2032.

The Outdoor Lighting market is anticipated to show promising growth prospects during the forecast period, expanding the Outdoor Lighting market size.

Attribute

Details

The Outdoor Lighting Market Estimated Size (2021)

~US$ 10.9 Bn

The Outdoor Lighting Market Estimated Size (2022)

~US$ 11.7 Bn

The Outdoor Lighting Market Projected Size (2032)

~US$ 22.2 Bn

The Outdoor Lighting Market CAGR (2022-2032)

~7.4%

Buildings, roads, and intelligent infrastructure are all growing in number as the world is evolving from older technology to new, more automated and energy efficient technologies. Many countries are seeing increasing smart lighting projects. There is need of using energy efficient and environment friendly lighting ideas, keeping the increasing population and pollution in mind.

Demand for streets, alleyways, and highways is rising as infrastructure continues to develop. Governments are pursuing environmentally efficient and sustainable lighting options for these assets. The use of LED and solar-powered lights is expanding everywhere, drastically boosting the need for outdoor lighting.

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Increasing use of LED lights for Outdoor lighting and development of overall infrastructure in cities are driving the market.

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 higher lifespan, approximately around 50,00 hours, and they are not very bright, so that there is no irritation to eyes. The LED lights are also energy efficient, and using these lights is helping in reduction of energy use all over the world. Such solution is much needed in energy crisis the world is currently facing. All these factors are having positive impact on LED light sales and many manufacturers are investing in this market.

Outdoor lighting is mainly covered by two sectors, street lights followed by highway lighting and other infrastructural lighting solutions. The street lights are necessary, as there are dangers of insufficiently lit roads, leading to accidents. Same goes to highways and other roads. There is need of 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 total contrast of busy, bustling daytime.

Increasing use of solar powered lights is also proving to be sustainable and energy efficient outdoor lighting solution. Governments of many countries are giving contracts to companies for manufacturing and installation of solar lights wherever needed. All these trends are boosting the outdoor lighting market.

Improper maintenance and lack of demand from sectors due to pandemic are having negative impact on outdoor lighting market.

Lack of maintenance and connectivity problems are the biggest barriers to the market for outdoor lighting. After installation, the street lights are left unattended. These lights also require upkeep and periodic replacement. Such issues are frequently disregarded by the local government, which simply leaves things as they are.

Another negative impact on outdoor lighting market is due to COVID-19. The COVID pandemic led to global lockdown, stopping all the construction and development projects. This unplanned halt led to decrease the outdoor lights use and ultimately reducing the market growth. Even now, as the lockdown is lifted in many regions all around the world, there are delays in continue of these constructions and development, restraining the outdoor lighting market growth.

Sneha Verghese
Sneha Verghese
Principal Consultant
LinkedIn
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Country Insights

Japan is using smart sensors and cameras to control the street lights.

Japanese firm named Minebea Mitsumi had started a smart lighting project in Osaka region in 2020. This project was focused on use of smart lights with sensors and camera. 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 effectiveness of smart lighting solutions in busy areas.

Australia is ready to change to smart LED light from HID lights, a step towards sustainable energy conservation.

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 hoe the smart lights work when a vehicle passes from nearby.

Competitive Landscape

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 development of sustainable and environment friendly smart lighting solutions.

  • Takiyo Japan is offering a series of solar lights, with number of smart features. These lights are durable, have high battery capacity and they are fitted with motion sensors, with automatic on and off feature. These lights can also adjust brightness according to the surrounding.
  • The Virtual Extension is providing a smart control technology for the LED street lights. The VEmesh lighting system is integrated with intelligent control and management system. This control system allows control of the LED lights using Cloud services, allowing them to turn them on and off from distance.
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Scope of Report

Attribute

Details

Growth Rate

CAGR of ~7.4% from 2022 to 2032

Base year for estimation

2021

Historical Data Available for

2017-2021

Forecast Period

2022-2032

Quantitative units

Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis

Segments covered

Technology, Type of Lighting, Application, Distribution Channel, Region

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa

Key Companies Profiled

  • Syska LED
  • Hubbell Incorporated
  • Eaton Corporation Plc
  • Cree Inc.
  • Virtual Extension
  • Dialght Plc
  • ADM
  • General Electric Company
  • Zumtobel Group AG
  • Osram Licht AG
  • Signify Holdings
  • Cree Inc.
  • Others

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Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the Outdoor Lighting Market

By Technology:

  • Control Outdoor Lighting
  • Fixture Outdoor Lighting

By Type of Lighting:

  • LED Lights
  • Plasma Lamps
  • High-Intensity Discharge (HID) Lamps
  • Fluorescent Lights

By Application:

  • Street Lighting
  • Tunnel Lights
  • Highways
  • Others

By Distribution Channel:

  • Retail
  • Commercial

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

The Outdoor Lighting market is expected to reach a valuation of ~US$ 11.7 Bn in 2022.

Sustainable and smart lighting solutions for streets, highways and infrastructures all around the world is a necessity currently. Many lighting companies are leaping into the market and introducing many smart solutions for outdoor lighting, driving the market.

Leading players operating in Outdoor Lighting market 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 among others.

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Sneha Verghese
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Outdoor Lighting Market