Latest News- Outdoor Landscape Lighting Market in US: LED is expected to lead the Type segment during 2024-2028

The Outdoor Landscape Lighting Market in US is being driven by Growing demand for energy-efficient lighting

The Outdoor Landscape Lighting Market in US is expected to grow at a CAGR of 5.61% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 132.6 million. In the US Outdoor Landscape Lighting Market, the focus is on utilizing lighting to accentuate the natural beauty of outdoor spaces. Techniques such as up-lighting and down-lighting are employed to bring out the textures and colors of trees, shrubs, and flower beds, creating visually appealing environments that harmonize with nature. Lighting features like water fountains, ponds, and artificial waterfalls are illuminated with submersible lights and spotlights, enhancing their aesthetic value and reflecting captivating visual effects. Lumens Inc. is a notable player in this market, providing professional outdoor lighting solutions that emphasize the organic integration of light and nature. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • LED
  • Traditional
• Application
  • ATG
  • Underwater
• End-user
  • Commercial
  • Residential
• Geography
  • US

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 energy-efficient lighting
• Advancements in LED technology
• Growing demand for outdoor landscape lighting from commercial and public spaces

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

• High installation and maintenance costs of outdoor landscape lighting systems
• Fluctuating raw material costs of outdoor landscape lighting
• Varying regulations for outdoor landscape lighting

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Market Scope in Outdoor Landscape Lighting Market in US Research Report

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Research Analysis Overview

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Market Research Overview

The Outdoor Landscape Lighting Market in the US is a segment of the larger electrical components and equipment market in the US. This market caters to the demand for electrical components and equipment used in outdoor landscape lighting systems. Key players in this market include manufacturers of electrical wiring, lighting fixtures, and control systems. The market's growth is driven by factors such as increasing demand for energy-efficient lighting solutions, growing focus on outdoor living, and the need for aesthetic and functional lighting in commercial and residential spaces. Additionally, the market is influenced by trends in smart home technology and the integration of automation and sensors in outdoor lighting systems. The parent market, the global electrical components and equipment market, encompasses manufacturers of various electrical products, including water heaters and accessories, motors, electrical distribution and protection equipment, and HVAC systems, among others. The market size is determined by the combined revenue generated from the sales of these products and the rental and leasing of electrical components and equipment to end-users in industrial, commercial, and residential sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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