Latest News- Outdoor Landscape Lighting Market: ATG is expected to lead the Application segment during 2025-2029

The Outdoor Landscape Lighting Market is being driven by Growing demand for LED lighting for different applications

The Outdoor Landscape Lighting Market is expected to grow at a CAGR of 6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 783 million. The global outdoor landscape lighting market is experiencing significant technological progressions. In the residential sector, traditional lighting technologies such as Compact Fluorescent Lamps (CFL), incandescent, and halogen continue to generate substantial revenue. However, the market is forecasted to witness a shift towards Light Emitting Diodes (LED) as the primary revenue contributor in both residential and commercial segments. This technological evolution is driven by enhancements in energy efficiency and power savings. Vendors are expected to adapt swiftly to these technological changes to cater to evolving customer needs, thereby fueling the growth of the global outdoor landscape lighting market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • ATG
  • Underwater
• Source
  • LED
  • Traditional
• End-user
  • Commercial
  • Residential
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for LED lighting for different applications
• Increasing awareness of benefits of using high-quality and energy-efficient lighting devices
• Strong government support for lighting industry

However, the market also witnesses some limitations, which are as follows:

• Poor performance of LED lighting at high temperatures
• Ban on the use of incandescent lamps in few countries
• Threats associated with counterfeit products

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Market Scope in Outdoor Landscape Lighting Market Research Report

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Research Analysis Overview

The outdoor landscape lighting market encompasses the use of artificial lighting in outdoor spaces to enhance visual performance and accommodate human activity. Traditional lighting solutions like incandescent bulbs and conventional bulbs are being replaced with energy-efficient alternatives such as LED solutions, CFL lights, and solar energy. Modern landscape lights incorporate advanced technologies like chip-on-board technology, daylight sensors, and control systems for optimal energy usage and smart outdoor lighting. Commercial applications including streets, public places, and commercial sites benefit from the transition to Energy-efficient lighting systems and renewable energy sources like solar energy. Fluorescent light sources continue to play a role in conventional lighting solutions, but their use is gradually diminishing due to the advantages of LED technology.

Market Research Overview

The Outdoor Landscape Lighting Market is a segment of the larger Global Electrical Components and Equipment Market, which encompasses companies specializing in the production of electrical cables and wires, electrical components, and electrical equipment. According to Technavio, this market's size is determined by the consolidated revenue generated by manufacturers of various electrical products, including water heaters and accessories, motors, automation solutions, electrical distribution and protection equipment, and energy-efficient lighting such as LED lights, CFL lights, and fluorescent lights. The energy efficiency and long product life of efficient lighting solutions like LED contribute significantly to energy savings and reduced carbon footprint, making them a crucial aspect of the market. Additionally, rental and leasing of electrical components and equipment to industrial, commercial, and residential consumers are included in the market's scope.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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