Outdoor LED Lighting Market Size, Share, Growth, and Industry Analysis, By Type (Less than 50W, Between 50W and 150W and More than 150W), By Application (Highways & Roadways, Architectural, Public Places, and Others) and Regional Forecast to 2032

Updated On: 04 November 2024

• 

  Request a Free Sample to learn more about this report

OUTDOOR LED LIGHTING MARKET REPORT OVERVIEW

The Outdoor LED Lighting Market Size was Valued at US$ US$ 2104.66 Million in 2023. The Market is likely to Surpass US$ 2216.82 Million by 2032 at a CAGR of 0.56% During the Forecast period [2024-2032].

Due to the rising demand for energy-efficient durable outdoor lighting solutions, the market for outdoor LED lighting is experiencing notable growth. These factors make LED lighting preferable for outdoor applications such as street lighting, landscape lighting, and public spaces; it gives more light per watt than traditional bulbs, thus saving you energy. LED technology advancements including smart lighting systems and integration with the IoT (Internet of Things) keep driving market growth forward. These inventions provide for remote control, automation, as well as energy management hence improving the purpose and effectiveness of outdoor lighting systems.

One of the major influencing forces on this is the desire for green and long-lasting answers since all countries in the globe are making efforts to introduce LED bulbs into their government institutions and towns. It is for universal sustainability objectives simply because the latter are meant to help reduce carbon as well as electric power use.

COVID-19 Impact: Market Growth During Pandemic due to increased focus on infrastructure development and public health safety

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The outdoor LED lighting market experienced a positive impact from the COVID-19 pandemic due to an increased attention on public health safety as well as infrastructure development. As cities and towns aimed at improving public spaces while simultaneously making them safe, there was an upsurge in requests for reliable and energy-efficient lamps. Because of their durability and low energy consumption, many public spaces, streets and highways prefer to use LED lights. Also, supporting outdoor activities required for example social distancing measures necessitated the need for lit parks and other recreational facilities especially following the COVID-19.

Besides, the smart city ventures received a push due to the pandemic. These initiatives incorporated advanced LED lighting systems with smart controls, which were aimed at optimizing energy consumption and maintenance. This move towards modern, sustainable illumination infrastructure provided a major fillip to the outdoor LED lights market showing its importance in enhancing safety and resilience in cities.

LATEST TRENDS

"Smart Systems and Energy-Efficient Solutions to drive market growth "

Trends in the Outdoor LED Lighting Market growth are smart lighting systems, energy-efficient solutions, and the incorporation of IoT technology. A major trend is the emergence of smart lighting systems including Nichia Corporation's launch of NFSWL11A-D6 chip-scale LED in January 2024. The focus about this innovation, is distribution of light horizontally hence enhancement of energy use together with performance which moves in line with the increasing interests for more advanced, smart solutions of the outdoor lighting which will more so improve on how the lights work and minimize energy wastage because of this.

• 

  Request a Free Sample to learn more about this report

OUTDOOR LED LIGHTING MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Less than 50W, Between 50W and 150W and More than 150W.

• Less than 50W : Typically, for residential applications, such as garden lights and pathways, people install the outdoor LED lighting systems with less than 50W. In addition, they produce adequate light using minimal energy thus being cheap to run.

• Between 50W and 150W : People often use LED lights for large outdoor spaces like parking lots, streets, and public parks. Such lights are ideal in cases where the area requires some lighting as they utilize power moderately and at the same time produce enough light; they provide a balance between high light intensity and low energy consumption.

• More than 150W : There are high-intensity applications where LED lighting systems are used when they have more than 150 W. For example, stadiums would need them, large commercial areas, and industrial sites among others because they provide powerful lighting that covers large areas ensuring visibility and safety.

By Application

Based on application the global market can be categorized into Highways & Roadways, Architectural, Public Places, and Others.

• Highways & Roadways : Highway and roadway outdoor LED lighting can guarantee the safety of drivers and passersby as well as improved traffic flow that limits accident cases. They are constructed to last and save energy when compared to other types available because of their ability to remain lit no matter what the weather is like.

• Architectural : Architectural LED lighting emphasizes on aspects of the building and improves its beauty. It is always used for a building's fronts, famous landmarks or statues. These lights offer flexibility in colour and design, allowing for creative and impactful lighting solutions.

• Public Places : LED lights placed at the streets such as parks, squares and play areas help in improving security and beauty in those areas making them more habitable and operational; they are energy saving types intended to serve for a long duration of time hence reducing their maintenance costs alongside decreasing the levels of pollution they may cause when exhausted.

DRIVING FACTORS

"Energy Efficiency and Cost Savings to Boost Market Growth"

One of the major reasons that make municipalities and businesses to prefer led to a traditional lighting system is energy efficiency associated with it which significantly decreases the amount of electricity consumed. But instead, they opt for LEDs as they can save substantial amounts of money that would have been spent on energy bills over time.

"Environmental Benefits and Regulations to Drive Market Growth"

The lower CO2 emissions are one environmental advantage of LED lighting, and it reduces light pollution. Moreover, stringent government regulations and policies for promoting LED technologies in the public and private sectors are propelling market growth further.

RESTRAINING FACTORS

"High Initial Cost of Installation to Hinder Market Growth "

One of the restraints on outdoor LED lighting market is the fact that cost for installing it is too high at first instance even though in future a lot of energy will be saved, and maintenance will be easy therefore this cash for buying may act as a deterrent to prospective buyers especially for households and towns who would have wanted visualization effects during night hours. This capital limitation may reduce how fast it is adapted into areas where there are limited funds for such purposes.

• 

  Request a Free Sample to learn more about this report

OUTDOOR LED LIGHTING MARKET REGIONAL INSIGHTS

The market is primarily segregated into North America, Europe, Asia Pacific, South America and Middle East & Africa.

"North America dominates the market due to the strong government regulations promoting energy-efficient lighting solutions"

The reason for which the outdoor LED lighting market share is dominated by North America is strong government regulations that promote energy-efficient lighting solutions; thus, this region has an advanced infrastructure which supports smart lighting technologies’ use alongside high consumer awareness towards sustainable goods. Additionally, the growth of this market is driven by increased numbers of consumers who care more about sustainability than any other factor; these factors include but are not limited to cost-effectiveness or technological benefits from new products. Lastly, heavy spendings in both public sector programs as well as privately funded initiatives play a major role in increasing demands for outside LED lights.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Continuous Innovation and Technological Advancements"

Key industry players are driving the resurgence in the outdoor LED lighting market through continuous innovation and technology enhancements, investing in R&D for intelligent, long-lasting and energy-efficient lighting solutions. This enables them to develop relationships, which then allows them to reach more customers ranging from homes to factories because they also expand their ranges through cooperation with other major industry players. In addition, they speed up acceptance of the market with their marketing strategies, indicating the value of LED lighting in terms of environmental conservation and how it helps consumers save money in the long run.

LIST OF MARKET PLAYERS PROFILED

• Eaton (Ireland)
• Philips Lighting (Netherlands)
• Dialight (U.K.)
• Cree (U.S.)
• Syska (India)
• Zumtobel (Austria)
• General Electric (U.S.)
• Hubbell (U.S.)
• Osram Licht (Germany)
• Virtual Extension (Israel)

INDUSTRIAL DEVELOPMENT

January 2024: The development in the Outdoor LED Lighting Market was announced by Nichia Corporation. In the Outdoor LED Lighting market, they made a major breakthrough in chip-scale LED technology. This new chip-scale LED is called NFSWL11A-D6. The fact that this white LED has horizontal light distribution indicates Nichia's strength in LED technology. Therefore, Nichia's initiative fits within its attempts to improve productivity on LEDs so that they meet the increasing need for energy-saving lighting solutions with more lumens per area over outdoor applications.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.