Abstract
Summary
Global Outdoor Lighting Market is valued at approximately USD 14.20 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.0% over the forecast period 2022-2029. Outdoor lighting is also known as Landscape lighting or garden lighting which is generally referred to as the use of outdoor illumination of public landscapes and private gardens. The purpose of this lighting is to enhance safety, nighttime aesthetics, security, accessibility, recreation and sports, as well as social and event use. Growing awareness regarding renewable energy assets, a rising number of stringent regulatory reforms focused on sustainable infrastructure development, and increasing urbanization are the primary factors that are stipulating the market demand across the globe.
The rising government’s initiatives for encouraging the adoption of energy-efficient lighting are expected to stipulate the outdoor lighting demand. For instance, in August 2022, The US federal government introduced the Climate Smart Building Initiative, which is intended to improve the government's cooperation with the private sector to renovate federal buildings. This plan includes enhancing on-site renewable electricity generation, providing for effective lighting, and setting up an infrastructure for charging electric vehicles. Similarly, in October 2020, The Bruhat Bengaluru Mahanagara Palike (BBMP) received the silver award for Bengaluru's energy-efficient street lighting under the best public-private cooperation category. Streetlights intend to be refurbished with LED lights as part of a 30-month project involving private businesses and the BBMP. Moreover, the emergence of smart and connected technology, as well as the increasing availability of products on various e-commerce platforms are presenting various lucrative opportunities over the forecasting years. However, the high initial investment and lack of maintenance and connectivity problems are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Outdoor Lighting Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing interest in creating and maintaining the front yard and backyard gardens and the rising infrastructural activities. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as rising construction of commercial buildings, and increasing expenditure on highways and roadways in the market space.
Major market players included in this report are:
Signify Holding
General Electric
OSRAM GmbH
Hubbell Incorporated
ACUITY BRANDS, INC.
Zumtobel Group
Eaton Corporation plc
Cree LED
SYSKA,
Virtual Extension
Recent Developments in the Market:
In March 2021, Smart Global Holding Inc. announced the acquisition of Cree Inc’s Cree LED product business with the objective of expanding its product offering and enhancing its geographical reach.
Global Outdoor Lighting Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Source, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
LED Lights
Plasma Lamps
High-Intensity Discharge Lamps
Fluorescent Lights
By Application:
Residential
Commercial
By Distribution Channel:
Offline
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1 Outdoor Lighting Market, by Region, 2019-2029 (USD Billion)
1.2.2 Outdoor Lighting Market, by Source, 2019-2029 (USD Billion)
1.2.3 Outdoor Lighting Market, by Application, 2019-2029 (USD Billion)
1.2.4 Outdoor Lighting Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Outdoor Lighting Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Scope of the Study
2.2.2 Industry Evolution
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Outdoor Lighting Market Dynamics
3.1 Outdoor Lighting Market Impact Analysis (2019-2029)
3.1.1 Market Drivers
- 3.1.1.1 Growing awareness regarding renewable energy assets
- 3.1.1.2 Rising government’s initiatives for encouraging the adoption of energy-efficient lighting
3.1.2 Market Challenges
- 3.1.2.1 High initial investment
- 3.1.2.2 Lack of maintenance and connectivity problems
3.1.3 Market Opportunities
- 3.1.3.1 Emergence of smart and connected technology
- 3.1.3.2 Increasing availability of products on various e-commerce platforms
4 Global Outdoor Lighting Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 Industry Experts Prospective
4.7 Analyst Recommendation & Conclusion
5 Risk Assessment: COVID-19 Impact
5.1 Assessment of the overall impact of COVID-19 on the industry
5.2 Pre COVID-19 and post COVID-19 Market scenario
6 Global Outdoor Lighting Market, by Source
6.1 Market Snapshot
6.2 Global Outdoor Lighting Market by Source, Performance - Potential Analysis
6.3 Global Outdoor Lighting Market Estimates & Forecasts by Source 2019-2029 (USD Billion)
6.4 Outdoor Lighting Market, Sub Segment Analysis
6.4.1 LED Lights
6.4.2 Plasma Lamps
6.4.3 High-Intensity Discharge Lamps
6.4.4 Fluorescent Lights
7 Global Outdoor Lighting Market, by Application
7.1 Market Snapshot
7.2 Global Outdoor Lighting Market by Application, Performance - Potential Analysis
7.3 Global Outdoor Lighting Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4 Outdoor Lighting Market, Sub Segment Analysis
7.4.1 Residential
7.4.2 Commercial
8 Global Outdoor Lighting Market, by Distribution Channel
8.1 Market Snapshot
8.2 Global Outdoor Lighting Market by Distribution Channel, Performance - Potential Analysis
8.3 Global Outdoor Lighting Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4 Outdoor Lighting Market, Sub Segment Analysis
8.4.1 Offline
8.4.2 Online
9 Global Outdoor Lighting Market, Regional Analysis
9.1 Outdoor Lighting Market, Regional Market Snapshot
9.2 North America Outdoor Lighting Market
9.2.1 U.S. Outdoor Lighting Market
- 9.2.1.1 Source breakdown estimates & forecasts, 2019-2029
- 9.2.1.2 Application breakdown estimates & forecasts, 2019-2029
- 9.2.1.3 Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2 Canada Outdoor Lighting Market
9.3 Europe Outdoor Lighting Market Snapshot
9.3.1 U.K. Outdoor Lighting Market
9.3.2 Germany Outdoor Lighting Market
9.3.3 France Outdoor Lighting Market
9.3.4 Spain Outdoor Lighting Market
9.3.5 Italy Outdoor Lighting Market
9.3.6 Rest of Europe Outdoor Lighting Market
9.4 Asia-Pacific Outdoor Lighting Market Snapshot
9.4.1 China Outdoor Lighting Market
9.4.2 India Outdoor Lighting Market
9.4.3 Japan Outdoor Lighting Market
9.4.4 Australia Outdoor Lighting Market
9.4.5 South Korea Outdoor Lighting Market
9.4.6 Rest of Asia Pacific Outdoor Lighting Market
9.5 Latin America Outdoor Lighting Market Snapshot
9.5.1 Brazil Outdoor Lighting Market
9.5.2 Mexico Outdoor Lighting Market
9.5.3 Rest of Latin America Outdoor Lighting Market
9.6 Rest of The World Outdoor Lighting Market
10 Competitive Intelligence
10.1 Top Market Strategies
10.2 Company Profiles
10.2.1 Signify Holding
- 10.2.1.1 Key Information
- 10.2.1.2 Overview
- 10.2.1.3 Financial (Subject to Data Availability)
- 10.2.1.4 Product Summary
- 10.2.1.5 Recent Developments
10.2.2 General Electric
10.2.3 OSRAM GmbH
10.2.4 Hubbell Incorporated
10.2.5 ACUITY BRANDS, INC
10.2.6 Zumtobel Group
10.2.7 Eaton Corporation plc
10.2.8 Cree LED
10.2.9 SYSKA
10.2.10 Virtual Extension
11 Research Process
11.1 Research Process
11.1.1 Data Mining
11.1.2 Analysis
11.1.3 Market Estimation
11.1.4 Validation
11.1.5 Publishing
11.2 Research Attributes
11.3 Research Assumption