The Outdoor Lighting Global Market Report 2023, provides comprehensive information on the outdoor lighting market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Outdoor Lighting Global Market Report 2023, the market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Advancements in smart outdoor lighting are a key trend gaining popularity in the outdoor lighting market. Major companies in the market are introducing advanced smart lighting products based on smart technologies such as AirGlow outdoor lighting control to sustain their position in the market. For instance, in November 2020, LumenRadio, a Sweden-based communication device company, launched AirGlow, an outdoor lighting control. The new product is based on LumenRadio’s ultra-reliable wireless mesh technology and comes with a Zhaga Book 18 connector for easy installation. AirGlow is very useful for making IoT possible in outdoor lighting.
The outdoor lighting market is segmented:
1) By Type: LED Lights, High-Intensity Discharge (HID) Lamps, Fluorescent Lights, Plasma Lamps
2) By Component: Fixture, Control
3) By Application: Street Lighting, Tunnel Lights, Highways, Parking Lots/Decoration, Parks and Stadium, Building Exteriors, Other Applications
4) By Distribution Channel: Offline, Online
North America was the largest region in the outdoor lighting market in 2022.
The table of contents in TBRC’s outdoor lighting market report includes:
1. Executive Summary
2. Outdoor Lighting Market Characteristics
3. Outdoor Lighting Market Trends And Strategies
4. Outdoor Lighting Market – Macro Economic Scenario
5. Outdoor Lighting Market Size And Growth
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26. Africa Outdoor Lighting Market
27. Outdoor Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Outdoor Lighting Market
29. Outdoor Lighting Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Syska LED Lights Company
- Hubbell Incorporated
- Eaton Corporation Plc
- Acuity Brands Inc
- Virtual Extension Ltd
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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