The Outdoor Landscape Lighting Market in North America is being driven by Growing demand for LED lighting for different applications
The Outdoor Landscape Lighting Market in North America is expected to grow at a CAGR of 4.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 145 million. The North American outdoor landscape lighting market is experiencing significant progress in lighting technology innovations. In the residential sector, CFL and halogen lighting solutions are experiencing growth. However, LED technology is anticipated to dominate both the residential and commercial segments during the forecast period, driven by its energy efficiency and power-saving capabilities. For instance, NOPEC, an Ohio-based energy supplier, reports that a CFL bulb necessitates twice the wattage of an LED bulb to produce the same level of brightness. This technological evolution is characterized by enhancements in product efficiency and energy savings.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market growth 2025-2029 |
USD 145 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.6 |
Key countries |
US, Canada, and Mexico |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Outdoor Landscape Lighting Market in North America encompasses various lighting technologies such as halogen, incandescent, and fluorescent, with a focus on advanced solutions like outdoor lighting control, lighting automation software, and consultation services. IP ratings, fixture lifespan, and materials (including waterproof and weatherproof options) are crucial considerations. Trends include dusk-to-dawn, motion sensor, photocell, dimmable, RGB lighting, and sustainable practices for energy savings. Installation and maintenance costs, lighting power consumption, and design principles are also essential aspects of this market.
The Outdoor Landscape Lighting Market in North America is a segment of the larger Global Electrical Components and Equipment Market. This market caters to the demand for LED lighting solutions, including path lighting, landscape lighting design, outdoor lighting fixtures, accent lighting, and security lighting. The parent market encompasses manufacturers of various electrical components and equipment, such as motors, electrical distribution and protection equipment, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Additionally, the market includes rental and leasing services for electrical components and equipment to industrial, commercial, and residential clients. Technavio's market analysis calculates the market size based on the combined revenue generated by these manufacturers and service providers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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