The outdoor landscape lighting market share in North America is expected to grow by USD 147.51 million, accelerating at a CAGR of 5.22% during the forecast period. The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights.
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The outdoor landscape lighting market report is segmented by end-user (commercial and residential), light source (traditional and LED), and geography (US and Rest of North America).
The outdoor landscape lighting market growth in North America by the commercial segment will be significant during the forecast period. The growth of the segment is attributed to the rising adoption of LEDs for outdoor space applications due to their energy efficiency.
By geography, 74% of the market's growth will originate from the US during the forecast period. The US is the key market for outdoor landscape lighting in North America. The presence of a large number of vendors in the market and strong demand from the commercial sector will facilitate the outdoor landscape lighting market growth in the US over the forecast period.
The growing demand for LED lighting for different applications is one of the primary factors driving the growth of the outdoor landscape lighting market in North America. However, the poor performance of LED lighting products at high temperatures will be a major challenge for the outdoor landscape lighting market vendors in North America
The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable marketers to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Acuity Brands Inc., ALLIANCE Outdoor Lighting, Amp Lighting, Eaton Corp. Plc, General Electric Co., Halco Lighting Technologies LLC, Hubbell Inc., IDEAL INDUSTRIES INC., Kichler Lighting LLC, and LEDiL are some of the major outdoor landscape lighting market vendors in North America.
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