The Business Research Company’s report on the Outdoor LED Lighting Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the outdoor led lighting market?
An increasing number of construction and infrastructure projects are expected to propel the outdoor LED lighting market. Infrastructure is the set of systems and facilities that serve as the foundation for a country’s economic progress; it comprises the development of roads, railways, bridges, tunnels, water supply, sewage, electrical grids, and telecommunications infrastructure. Construction sites are among the most sensitive and dangerous places to work. LED lighting is a safety precaution that can decrease the risk of accidents and dangers on construction sites. LED lighting improves the area’s visibility and ensures worker safety. For instance, in September 2024, according to the United States Census Bureau, a US-based government agency, construction spending during July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7. billion, 6.7 percent±1.8 percent) above the July 2023 estimate of $2,027.4 billion. During this period, construction spending amounted to $1,237.5 billion, 8.8 percent (±1.2 percent) above the $1,137.4 billion for the same period in 2023. Therefore, increasing construction and infrastructure projects drive growth in the outdoor LED lighting market.
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How has the outdoor led lighting market size evolved, and what are the latest forecasts for its expansion?
The outdoor LED lighting market size has grown rapidly in recent years. It will grow from $30.52 billion in 2024 to $35.36 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to energy efficiency and environmental concerns, government initiatives and regulations, urbanization and infrastructure development, cost reduction, consumer preferences and awareness.
The outdoor LED lighting market size is expected to see rapid growth in the next few years. It will grow to $64 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to smart lighting integration, sustainable development goals, rising urbanization and smart city projects, increased emphasis on safety and security, renewable energy integration. Major trends in the forecast period include 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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Which major companies dominate the outdoor led lighting market?
Major companies operating in the outdoor LED lighting market are CREE Inc., Dialight PLC, General Electric Co. Ltd., Osram Licht AG, Signify N.V., Syska Led Lights Pvt. Ltd., Zumtobel Group AG, Acuity Brands Lighting Inc., Panasonic Corporation, Hubbell Inc., Vurtual Extension Ltd., Eaton Corporation, Philips Lighting Holding B.V, Wipro Lighting Ltd., Opple Lighting Co. Ltd., Bajaj Electricals Limited, Cooper Lighting Solutions, Havells India Limited, LED Roadway Lighting Ltd., LG Innotek Co. Ltd., LIGMAN Lighting Co. Ltd., Lumileds Holding B.V., MLS Co. Ltd., Nichia Corporation, Samsung Electronics Co. Ltd., Schréder Group, Seoul Semiconductor Co. Ltd., Soraa, Amerlux, L.D. Kichler Co. Inc.
What trends will shape the future of the ostomy drainage bags market?
Product innovation is a key trend in the outdoor LED lighting market. Major companies operating in the market are advancing toward using wireless lighting control solutions for the outdoor LED lighting market. For instance, in March 2022, Evluma, a US-based manufacturer of solid-state illumination (LED) products, introduced RoadMax, a new highway lighting device. The unique optical design provides an industry-unique mix of roadway performance and glare mitigation. Additional features include light trespass shields, a field adjustable wattage selection (FAO), and different photocontrol socket options. Evluma’s Photocontrol Failsafe, a patented technology that addresses photocontrol failures on street and area lights, can be added to RoadMax as a customizable feature.
Which region dominates the outdoor led lighting market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the outdoor LED lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor LED lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the outdoor led lighting market segmented, and which segment holds the largest share?
The outdoor LED lighting market covered in this report is segmented –
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
Subsegments:
1) By Hardware: LED Luminaires, Control Systems, Mounting And Housing Fixtures
2) By Software: Lighting Control Software, Energy Management Software, Monitoring And Analytics Platforms
3) By Services: Installation Services, Maintenance And Support Services, Consulting Services For Lighting Design
5) By Application: Streets And Roads, Architecture And Urban Landscape, Sports And Large Area, Tunnels, Other Applications
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What defines the structure and scope of the outdoor led lighting market?
Outdoor led lighting is an illuminating device for outdoor lighting or reflecting surfaces. It can be permanently mounted or portable, and used for illumination, decoration, or advertisements. These lights are intended to be used for city road illumination, periphery lighting, heritage area outdoor lighting, and urban landscape lighting.
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