Authored By: Sarah
11 Jul 2024

 Outdoor Landscape Lighting Market Size to grow by USD 746.3 million between 2024-2028

According to a research report “ Outdoor Landscape Lighting Market” by Application (ATG, Underwater) Source (LED, Traditional) End-user (Commercial, Residential) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 746.3 million, at a CAGR of almost 6.02% during the forecast period. The global Outdoor Landscape Lighting Market is experiencing significant growth due to the increasing adoption of LED technology in various applications. LEDs, known for their energy efficiency and longevity, have gained commercial viability and are increasingly deployed in retail, hospitality, and architectural projects. Additionally, they are utilized in niche markets such as stage lighting, plant grow lights, decorative holiday lights, traffic signals, pedestrian crossing lights, street and area lights, exit signs, electric signage, recessed downlights, and step, path, and porch lights. The continuous decrease in the Average Selling Price (ASP) of LED is further boosting its penetration and market size in both residential and commercial sectors during the forecast period.

Browse market data tables, figures, and in-depth TOC on “Outdoor Landscape Lighting Market” by Application (ATG, Underwater) Source (LED, Traditional) End-user (Commercial, Residential) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the ATG segment is projected to dominate the market size in 2024

In the dynamic landscape of the global outdoor lighting market, LED technology is experiencing exponential growth due to its energy-efficient and cost-effective advantages. This shift from traditional lighting technologies is driven by the increasing energy demands and the need for sustainable solutions. LED lights offer several benefits, including high reliability, low radiated heat, negligible UV emission, and low voltage and current requirements. Furthermore, they are easily controlled and programmed, making them a preferred choice for outdoor landscape applications. The Asia Pacific region is expected to dominate the market, primarily due to the rapid adoption of LED technology in countries such as Japan, China, and India.

By Source, LED  segment is expected to hold the largest market size for the year 2024

The Outdoor Landscape Lighting Market encompasses a diverse array of Above-the-ground (ATG) lighting solutions. Notable offerings include floodlights, landscape lights, motion sensor lights, spotlights, garden lights, pathway lights, lanterns, moonlights, spread lights, downlighting, shadow lights, wall lights, and deck or step lights. These energy-efficient alternatives run on solar and low-voltage power sources. Leading vendors, such as Alliance Outdoor Lighting, Cree Inc. (Cree), Eaton Corporation Plc (Eaton), Halco Lighting Technologies, WAC Lighting, and Signify NV (Signify), provide a comprehensive selection of ATG outdoor landscape lighting products. Cree, in particular, showcases advanced solutions, including path lights, step lights, and spotlights, featuring XLamp LEDs, J Series LEDs, and high-brightness LEDs.

APAC is forecasted to hold the largest market size by region in 2024

The Outdoor Landscape Lighting Market represents a significant business opportunity, driven by the growing trend towards enhancing home aesthetics and security. Key players in this sector focus on innovation, energy efficiency, and customization to cater to diverse consumer preferences. The market is expected to witness robust growth due to increasing disposable income, urbanization, and rising demand for sustainable lighting solutions.

The Outdoor Landscape Lighting Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Acuity Brands Inc.
  • ALLIANCE Outdoor Lighting
  • Cast Lighting
  • Cree Lighting
  • Eaton Corp. Plc
  • Current Lighting Solutions LLC
  • Halco Lighting Technologies LLC
  • Hubbell Inc.
  • Kichler Lighting LLC
  • Landscape Forms
  • LSI Industries Inc.
  • Modern Lighting by Lumens Light and Living
  • Orbit Lightings
  • OSRAM Licht AG
  • Oversea Lighting and Electric (M) Sdn. Bhd.
  • Panasonic Holdings Corp.
  • Signify NV
  • VOLT Lighting
  • WAC Lighting
  • Wipro Lighting
.

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Research Analysis Overview

The Outdoor Landscape Lighting Market has witnessed significant growth in recent years due to the increasing demand for energy-efficient lighting solutions in commercial applications. The market includes various types of lighting systems such as LED solutions, CFL lights, Fluorescent lights, and conventional bulbs like Incandescent bulbs. Commercial sites, public places, streets, and modern landscape lights are the major applications for outdoor lighting. The shift towards renewable energy sources like Solar energy is a growing trend in the outdoor lighting industry. Solar energy-powered LED solutions are becoming increasingly popular due to their energy efficiency and eco-friendly nature. Smart outdoor lighting systems with chip-on-board technology, control systems, daylight sensors, and human activity sensors are also gaining popularity. The use of conventional lighting sources like Fluorescent light sources and CFL lights is gradually declining due to their high energy consumption and shorter lifespan. The visual performance of energy-efficient lighting systems is now comparable to that of conventional lighting solutions, making them a preferred choice for outdoor environments. In conclusion, the Outdoor Landscape Lighting Market is evolving rapidly with the adoption of energy-efficient lighting systems and renewable energy sources. The market is expected to grow further as more commercial sites, public places, and streets adopt these modern lighting solutions to enhance the aesthetic value and safety of outdoor spaces.

Market Research Overview

The Outdoor Landscape Lighting Market is a growing industry that caters to various sectors, including Hotels and Resorts, Smart Cities, and the Real Estate Industry. The market includes Residential and Commercial applications, with Smart Outdoor Lighting and Energy-Efficient Lighting Systems being the key trends. Renewable energy sources, such as Solar Energy, are increasingly being adopted for outdoor lighting in Commercial Sites, Public Places, Streets, and Tunnels. The Hospitality sector and Tourism Industry use High-End Fixtures and Stimulating Moonlights to enhance the ambiance of their properties. The use of LED Solutions, Chip-on-Board Technology, and Control Systems with Daylight Sensors is becoming popular for cost-efficient solutions. The Commercial segment includes Commercial Premises, Events, Stadiums, Parks, and Commercial Buildings. CXOs and Modern Technologies are driving the demand for Smart Lighting Systems, Wireless Lighting Control, and Wireless Technologies. The Residential segment focuses on Building Exteriors, Parking Lots, Highways, and Tunnel Lights. Safety and Security are key concerns, with Path Lights, Step Lights, Exits, Gateways, Wall Lights, Post-Mounted Lanterns, Stair Railings, Driveways, and Underlit Hardscapes being popular choices. The market faces challenges such as High Import Duties, Negative Effects of Artificial Light on the Outdoor Environment, and Sky Glow due to Light Pollution. However, the industry's focus on Resource Efficiency, Sustainability, Livability, Well-being, Productivity, and Safety is driving innovation and growth. The Outdoor Lighting Industry includes Online Distribution Channels, Specialty Stores, Hypermarkets, Retail Sales, Direct Sales, and Lighting Accessories. The market also includes Outdoor Billboards, Businesses, Cars, and Electric Lights in Metropolitan Cities. The use of Plasma Lamps, LED Lights, and Conventional Lighting Solutions continues to evolve, with the LED Lights segment being the largest and fastest-growing.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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