The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising popularity of energy-efficient lighting systems is likely to fuel innovation in outdoor lighting production, propelling the market during the forecast period.

The global outdoor lighting market is expected to grow from $12.44 billion in 2022 to $13.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The global outdoor lighting market size is expected to reach $17.97 billion in 2027 at a CAGR of 7.4%.

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 Global Outdoor Lighting Market Segments Include:

• By Type: LED Lights, High-Intensity Discharge (HID) Lamps, Fluorescent Lights, Plasma Lamps
• By Component: Fixture, Control
• By Application: Street Lighting, Tunnel Lights, Highways, Parking Lots/Decoration, Parks and Stadium, Building Exteriors, Other Applications
• By Distribution Channel: Offline, Online
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global outdoor lighting market in 2021.

Major Market Players in the outdoor lighting market include Syska LED Lights Company, Hubbell Incorporated, Eaton Corporation Plc, Acuity Brands Inc., Virtual Extension Ltd., Dialght Pic, General Electric Company, Zumtobel Group AG.

Smart outdoor lighting advancements are a crucial trend that is gaining prominence in the outdoor lighting market. To maintain their market position, major players are offering innovative smart lighting products based on smart technologies such as AirGlow outdoor lighting control. For example, LumenRadio, a Swedish communication device firm, will develop AirGlow, an outdoor lighting control, in November 2020. The new solution is based on LumenRadio’s ultra-reliable wireless mesh technology and includes an easy-to-install Zhaga Book 18 connector. AirGlow is extremely important for enabling IoT in outdoor lighting.

The Outdoor Lighting Global Market Report 2023  provides a outdoor lighting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The outdoor lighting market forecast analyzes outdoor lighting market size, outdoor lighting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Outdoor lighting refers to illumination erected on public property such as streets, roads, and alleyways. This lighting is used to illuminate gloomy outdoor regions and to improve the aesthetics of outdoor spaces.

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