Outdoor Lighting Market By Size, Share and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 12.98 billion
Market Size (2029)	USD 31.50 billion
CAGR (2024-2029)	15.75%
Fastest Growing Segment	Incandescent Lights
Largest Market	Asia Pacific

Market Overview

Global Outdoor Lighting market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2029. The market was valued at USD 12.98 billion in 2023 and is projected to register a compound annual growth rate of 15.75% during the forecast period.

The outdoor lighting market is experiencing notable growth due to factors such as urbanization, infrastructural development, technological advancements, and a focus on energy efficiency. With applications spanning residential, commercial, and municipal settings, outdoor lighting plays a crucial role in enhancing safety, security, and aesthetics in outdoor spaces. Key drivers include the rapid pace of urbanization globally, prompting investments in modern lighting solutions by municipalities and urban planners. Additionally, the widespread adoption of LED technology, driven by its energy efficiency and durability, has revolutionized the market landscape. Moreover, increasing environmental awareness and regulatory initiatives promoting energy-efficient lighting systems further fuel market expansion. The Asia-Pacific region, particularly China, stands out as a major contributor to market growth, supported by robust urbanization plans and sustainable development initiatives. Overall, the outdoor lighting market presents lucrative opportunities for manufacturers and stakeholders, with demand expected to continue rising alongside evolving outdoor environments.

Key Market Driver

Advancements in Smart City Initiatives

The Outdoor Lighting Market is being significantly propelled by the rapid advancements in smart city initiatives worldwide. As cities increasingly embrace the concept of smart urbanization, Outdoor Lighting plays a pivotal role in enhancing not only aesthetic appeal but also the overall efficiency and safety of urban spaces. Intelligent outdoor lighting systems, integrated with sensors and connectivity features, are key components in the development of smart cities. These systems facilitate real-time monitoring, data collection, and adaptive lighting, contributing to energy conservation and improved public safety. Municipalities and urban planners are investing in sophisticated Outdoor Lighting solutions to create intelligent, connected urban environments that respond dynamically to changing conditions. This driver underscores the transformative impact of Outdoor Lighting on urban landscapes and its integral role in shaping the future of smart cities.

Sustainable Development and Energy Efficiency Initiatives

The Outdoor Lighting Market is witnessing robust growth driven by the global emphasis on sustainable development and energy efficiency. As environmental concerns take center stage, businesses, municipalities, and consumers are increasingly opting for energy-efficient and eco-friendly Outdoor Lighting solutions. The transition from conventional lighting technologies to LED-based systems has become a cornerstone of sustainability initiatives. LED Outdoor Lighting not only consumes significantly less energy but also boasts an extended lifespan, reducing the environmental impact associated with frequent replacements. Governments and regulatory bodies are incentivizing the adoption of energy-efficient lighting solutions, further bolstering the demand for sustainable Outdoor Lighting. This driver highlights the industry's pivotal role in aligning with global sustainability goals and addressing the urgent need for energy conservation.

Integration of Advanced Technologies in Outdoor Lighting

The Outdoor Lighting Market is experiencing a surge in growth propelled by the integration of advanced technologies. The convergence of Internet of Things (IoT), sensors, and wireless connectivity has revolutionized Outdoor Lighting systems, transforming them into intelligent, data-driven solutions. Smart Outdoor Lighting not only enhances visibility but also enables real-time monitoring, adaptive lighting control, and remote management. The integration of advanced technologies allows for predictive maintenance, reducing downtime and operational costs. Additionally, innovations such as color-tuning capabilities and interactive features contribute to enhanced user experiences. Businesses and municipalities are increasingly investing in Outdoor Lighting solutions that go beyond traditional illumination, embracing technological advancements that offer operational efficiencies and novel functionalities. This driver underscores the industry's commitment to staying at the forefront of technological innovation, driving continuous improvements in Outdoor Lighting systems.

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Key Market Challenges

Regulatory Compliance and Standards Conundrum:

One of the foremost challenges facing the Outdoor Lighting Market revolves around the complex regulatory landscape and the need for compliance with evolving standards. As technology advances and the industry witnesses innovations in Outdoor Lighting solutions, manufacturers and stakeholders often grapple with a lack of standardized regulations governing these technologies. Diverse regions and countries may have distinct sets of rules and standards, leading to a fragmented market where achieving universal compliance becomes a formidable task. The absence of standardized regulations can impede the seamless adoption of new technologies and hinder market growth. Additionally, as the industry embraces smart lighting solutions and incorporates IoT functionalities, privacy and data security concerns become paramount, requiring stringent adherence to data protection regulations. Successfully navigating these regulatory challenges necessitates proactive engagement with regulatory bodies, industry associations, and stakeholders to establish comprehensive, harmonized standards that facilitate innovation while ensuring safety, privacy, and compliance.

Cost Implications and Return on Investment Uncertainties

A significant challenge confronting the Outdoor Lighting Market revolves around the cost implications associated with implementing advanced technologies and the uncertainties surrounding return on investment (ROI). While there is a growing recognition of the long-term benefits of energy-efficient lighting solutions, such as LED Outdoor Lighting, the initial investment costs can be substantial. This poses a challenge, particularly for municipalities and businesses with limited budgets, hindering widespread adoption. The return on investment may not be immediately apparent, leading to hesitancy among potential buyers to invest in advanced Outdoor Lighting technologies. Moreover, the diverse range of Outdoor Lighting applications, from street lighting to architectural illumination, introduces complexities in determining standardized ROI metrics. Successfully addressing this challenge requires a strategic approach, involving cost-benefit analyses, financial incentives, and clear communication of the long-term advantages of energy-efficient solutions. Collaborative efforts between industry stakeholders, governments, and financing institutions can play a crucial role in mitigating the financial barriers associated with adopting advanced Outdoor Lighting technologies.

Key Market Trends

Smart Outdoor Lighting Solutions Revolutionizing Urban Landscapes

The Outdoor Lighting Market is experiencing a transformative trend with the rapid adoption of smart lighting solutions, revolutionizing urban landscapes worldwide. Smart Outdoor Lighting leverages technologies such as Internet of Things (IoT) and wireless connectivity to create intelligent lighting systems that respond dynamically to environmental conditions. Municipalities and businesses are increasingly integrating sensors and data analytics capabilities into outdoor lighting infrastructure, enabling features like adaptive lighting, real-time monitoring, and remote management. This trend not only enhances energy efficiency but also contributes to improved public safety and the overall aesthetics of urban environments. As the demand for smart city initiatives grows, Smart Outdoor Lighting solutions are poised to play a pivotal role in shaping the future of urban illumination.

Sustainability Driving the Shift towards LED Outdoor Lighting

A notable trend in the Outdoor Lighting Market is the growing emphasis on sustainability, propelling the widespread adoption of LED Outdoor Lighting solutions. LED technology has emerged as a cornerstone in addressing environmental concerns and energy conservation. LED lights consume significantly less energy compared to traditional lighting technologies, resulting in reduced carbon footprints and operational costs. As governments and businesses worldwide prioritize sustainability initiatives, the shift towards LED Outdoor Lighting is gaining momentum. The longevity and durability of LED lights further contribute to minimizing environmental impact by reducing the frequency of replacements. This trend reflects a broader commitment to environmentally conscious practices and positions LED Outdoor Lighting as a key driver in the pursuit of sustainable and energy-efficient outdoor illumination.

Human-Centric Outdoor Lighting Design for Enhanced User Experience

A compelling trend in the Outdoor Lighting Market is the adoption of human-centric lighting design principles, focusing on enhancing the overall user experience. Outdoor lighting systems are increasingly designed to consider the impact on human well-being, circadian rhythms, and visual comfort. This trend involves not only the functional aspects of illumination but also the aesthetic and psychological elements. Human-centric Outdoor Lighting aims to create inviting and safe environments by carefully selecting light colors, intensity levels, and distribution patterns. The integration of dynamic lighting that adapts to different times of the day and environmental conditions further contributes to a positive user experience. As businesses and municipalities recognize the importance of creating appealing and comfortable outdoor spaces, the incorporation of human-centric design principles is becoming a key influencer in Outdoor Lighting projects, aligning with the evolving expectations of users in various outdoor settings.

Segmental Insights

By Type Insights

In 2023, the Outdoor Lighting Market witnessed the notable dominance of Street Lights within its segmentation by type. Street Lights emerged as the leading segment, playing a pivotal role in illuminating urban and suburban landscapes, roads, and public spaces. The widespread adoption of Street Lights is attributed to the increasing global focus on smart city initiatives, where intelligent and energy-efficient lighting systems contribute significantly to urban development. The dominance of Street Lights is expected to persist during the forecast period as municipalities and urban planners continue to prioritize well-lit and safe public spaces, emphasizing the importance of smart and adaptive lighting solutions. Street Lights, with their evolving capabilities such as sensors, connectivity features, and energy-efficient technologies, are poised to maintain their dominance in the Outdoor Lighting Market, addressing the growing demand for sustainable and intelligent illumination in urban environments. As cities worldwide undergo continuous transformation towards smart urbanization, Street Lights remain at the forefront, illustrating their enduring significance in shaping the landscape of outdoor lighting solutions.

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Regional Insights

In 2023, the Outdoor Lighting Market experienced notable dominance from the Asia-Pacific region, establishing itself as the leading geographical segment. The Asia-Pacific region emerged as a key player in the Outdoor Lighting Market due to rapid urbanization, extensive infrastructural development, and government initiatives promoting energy-efficient lighting solutions. Countries such as China, India, and Japan played pivotal roles in driving the market's growth, witnessing significant investments in smart city projects and sustainable urban development. The robust demand for Outdoor Lighting in the Asia-Pacific region can be attributed to the burgeoning population, rising disposable incomes, and an increasing focus on creating well-lit and safe public spaces. The dominance of the Asia-Pacific region is expected to persist during the forecast period, fueled by ongoing urbanization trends, infrastructure expansions, and the continuous adoption of advanced outdoor lighting technologies. As the region maintains its economic momentum and governments prioritize sustainable urban planning, the demand for Outdoor Lighting solutions is poised to remain strong. Additionally, the Asia-Pacific region's commitment to energy efficiency and the integration of smart technologies further solidify its leadership in the Outdoor Lighting Market. The region's proactive approach towards adopting innovative lighting solutions aligns with global sustainability goals, positioning it as a significant contributor to the continued growth and evolution of the Outdoor Lighting Market in the foreseeable future.

Recent Developments

In February 2024, Signify unveiled its largest LED lighting manufacturing facility globally, located in Jiujiang, Jiangxi Province, China. The new plant, operated by Signify's joint venture entity, Zhejiang Klite Lighting Holdings Co., Ltd ("Klite"), will produce premium branded LED lighting solutions, including those under the Philips brand, catering to both domestic and international markets.

Key Market Players

Signify N.V
OSRAM GmbH
General Electric Company
Everlight Electronics Co., Ltd
Zumtobel Group AG
Hubbell Incorporated
Smart Global Holdings, Inc
Illumitex, Inc
Gavita International B.V.
Acuity Brands, Inc

By Type	By Light Source	By End User	By Region
Streetlights Flood Lights Garden Lights Path Lights Bollard Lights	LED High-Intensity Discharge (HID) Fluorescent Lights Incandescent Lights	Government Commercial Residential	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Outdoor Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Outdoor Lighting Market, By Type:

o Streetlights

o Flood Lights

o Garden Lights

o Path Lights

o Bollard Lights

Outdoor Lighting Market, By Light Source:

o LED

o High-Intensity Discharge (HID)

o Fluorescent Lights

o Incandescent Lights

Outdoor Lighting Market, By End User:

o Government

o Commercial

o Residential

Outdoor Lighting Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Outdoor Lighting Market.

Available Customizations:

Global Outdoor Lighting Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Outdoor Lighting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Types of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Overview

6. Global Outdoor Lighting Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Street Lights, Flood Lights, Garden Lights, Path Lights, Bollard Lights)

6.2.2. By Light Source (LED, High-Intensity Discharge (HID), Fluorescent Lights, Incandescent Lights)

6.2.3. By End User (Government, Commercial, Residential)

6.2.4. By Region

6.3. By Company (2023)

6.4. Market Map

7. North America Outdoor Lighting Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Light Source

7.2.3. By End User

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Outdoor Lighting Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Light Source

7.3.1.2.3. By End User

7.3.2. Canada Outdoor Lighting Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Light Source

7.3.2.2.3. By End User

7.3.3. Mexico Outdoor Lighting Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Light Source

7.3.3.2.3. By End User

8. Europe Outdoor Lighting Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Light Source

8.2.3. By End User

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Outdoor Lighting Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Light Source

8.3.1.2.3. By End User

8.3.2. United Kingdom Outdoor Lighting Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Light Source

8.3.2.2.3. By End User

8.3.3. Italy Outdoor Lighting Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Light Source

8.3.3.2.3. By End User

8.3.4. France Outdoor Lighting Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Light Source

8.3.4.2.3. By End User

8.3.5. Spain Outdoor Lighting Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Light Source

8.3.5.2.3. By End User

9. Asia-Pacific Outdoor Lighting Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Light Source

9.2.3. By End User

9.2.4. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Outdoor Lighting Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Light Source

9.3.1.2.3. By End User

9.3.2. India Outdoor Lighting Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Light Source

9.3.2.2.3. By End User

9.3.3. Japan Outdoor Lighting Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Light Source

9.3.3.2.3. By End User

9.3.4. South Korea Outdoor Lighting Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Light Source

9.3.4.2.3. By End User

9.3.5. Australia Outdoor Lighting Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Light Source

9.3.5.2.3. By End User

10. South America Outdoor Lighting Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Light Source

10.2.3. By End User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Outdoor Lighting Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Light Source

10.3.1.2.3. By End User

10.3.2. Argentina Outdoor Lighting Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Light Source

10.3.2.2.3. By End User

10.3.3. Colombia Outdoor Lighting Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Light Source

10.3.3.2.3. By End User

11. Middle East and Africa Outdoor Lighting Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Light Source

11.2.3. By End User

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Outdoor Lighting Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Light Source

11.3.1.2.3. By End User

11.3.2. Saudi Arabia Outdoor Lighting Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Light Source

11.3.2.2.3. By End User

11.3.3. UAE Outdoor Lighting Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Light Source

11.3.3.2.3. By End User

11.3.4. Kuwait Outdoor Lighting Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Type

11.3.4.2.2. By Light Source

11.3.4.2.3. By End User

11.3.5. Turkey Outdoor Lighting Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Type

11.3.5.2.2. By Light Source

11.3.5.2.3. By End User

11.3.6. Egypt Outdoor Lighting Market Outlook

11.3.6.1. Market Size & Forecast

11.3.6.1.1. By Value

11.3.6.2. Market Share & Forecast

11.3.6.2.1. By Type

11.3.6.2.2. By Light Source

11.3.6.2.3. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. Signify N.V

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel/Key Contact Person

14.1.5. Key Product/Services Offered

14.2. OSRAM GmbH

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel/Key Contact Person

14.2.5. Key Product/Services Offered

14.3. General Electric Company

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel/Key Contact Person

14.3.5. Key Product/Services Offered

14.4. Everlight Electronics Co., Ltd

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel/Key Contact Person

14.4.5. Key Product/Services Offered

14.5. ZZumtobel Group AG

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel/Key Contact Person

14.5.5. Key Product/Services Offered

14.6. Hubbell Incorporated

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel/Key Contact Person

14.6.5. Key Product/Services Offered

14.7. Smart Global Holdings, Inc

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel/Key Contact Person

14.7.5. Key Product/Services Offered

14.8. Illumitex, Inc

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel/Key Contact Person

14.8.5. Key Product/Services Offered

14.9. Gavita International B.V.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel/Key Contact Person

14.9.5. Key Product/Services Offered

14.10. Acuity Brands, Inc

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel/Key Contact Person

14.10.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Outdoor Lighting Market in 2023?

The market size of the Global Outdoor Lighting Market was USD 12.98 billion in 2023.

Which was the dominant segment By Light Source in the Global Outdoor Lighting Market in 2023?

LED lighting was the dominant segment in the Global Outdoor Lighting Market in 2023 due to its energy efficiency, longevity, and decreasing costs.

Which is the dominant region in the Global Outdoor Lighting Market?

Asia-Pacific emerged as the dominant region in the Global Outdoor Lighting Market due to rapid urbanization, infrastructural development, and increasing adoption of energy-efficient lighting solutions.

What are the major drivers for the Global Outdoor Lighting Market?

The major drivers for the Global Outdoor Lighting Market include the increasing emphasis on smart city initiatives, growing demand for sustainable and energy-efficient lighting solutions, and the integration of advanced technologies such as IoT and LED lighting.

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Press Release

Outdoor Lighting Market is expected to register a CAGR of 15.75% during the forecast period

Jan, 2024

Outdoor Lighting Market is increasing due to the rising adoption of smart city initiatives, the growing focus on sustainability, and the widespread transition to energy-efficient lighting solutions s

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