What’s The Forecasted Market Size And Growth Rates For The Global Outdoor LED Lighting Market?
The outdoor LED lighting market size has grown rapidly in recent years, escalating from $30.52 billion in 2024 to $35.36 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The expansion during the historic period can be attributed to factors such as energy efficiency and environmental concerns, government initiatives and regulations, urbanization and infrastructure development, cost reduction, and consumer preferences and awareness.
Anticipated to experience rapid growth in the forthcoming years, the outdoor LED lighting market size is predicted to grow to $64 billion in 2029, expanding at a CAGR of 16.0%. This growth can be attributed to factors such as smart lighting integration, sustainable development goals, rising urbanization and smart city projects, as well as an increased emphasis on safety and security and renewable energy integration. These factors are accompanied by major trends, including integration with smart technologies, energy efficiency and sustainability, increased adoption of solar-powered led lighting, advanced controls and sensors, customization and personalization.
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What Factors Are Driving the Outdoor LED Lighting Market Growth?
An increasing number of construction and infrastructure projects are expected to propel the outdoor LED lighting market. Infrastructure projects serve as a critical underpinning for a country’s economic progress and development, incorporating the creation of roads, railways, bridges, tunnels, water supply, sewage systems, electrical grids, and telecommunications infrastructure. LED lighting improves visibility and ensures worker safety on hazardous construction sites and is thereby expected to leverage the market.
Which Are The Major Segments Within The Global Outdoor LED Lighting Market?
The outdoor LED lighting market covers the following segments:
1) By Offering: Hardware, Software, Services
2) By Communication: Wired, Wireless
3) By Installation: New, Retrofit
4) By Sales Channel: Retail Or Wholesale, Direct Sales, E-Commerce
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Which Are The Major Players Operating In The Outdoor LED Lighting Market?
Major companies operating in the outdoor LED lighting market include CREE Inc., Dialight PLC, General Electric Co. Ltd., Osram Licht AG, Signify N.V., Syska Led Lights Pvt. Ltd., and others. These market players have been striving to carve a dominant niche in the market.
What Are The Emerging Trends In The Outdoor LED Lighting Market?
Product innovation remains a key trend in the outdoor LED lighting market. Major companies operating in the market are pioneering wireless lighting control solutions for outdoor LED lighting market. For example, in March 2022, US-based manufacturer of LED products Evluma unveiled RoadMax, a new highway lighting device offering an industry-unique mix of roadway performance and glare mitigation, among other features.
Which Region Is The Largest And The Fastest Growing In The Outdoor LED Lighting Market?
In 2024, the Asia-Pacific region was the largest market for outdoor LED lighting and is foreseen as the fastest-growing region in the forecast. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa regions in the outdoor LED lighting market.
What Does The Outdoor LED Lighting Market Report 2025 Offer?
Outdoor led lighting is a key component in illuminating outdoor spaces or reflecting surfaces. Intended for city road illumination, heritage area outdoor lighting, and urban landscape lighting, these lights can be permanently mounted or portable. The Outdoor LED Lighting Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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