Outdoor Lighting Market Share, Growth and Future Analysis 2034
Outdoor lighting is used to improve the visual appeal and ambiance of outdoor spaces, which contributes to urban beautification and placemaking efforts. Architectural lighting, landscape lighting, and ornamental lighting fixtures are used to highlight landmarks, monuments, buildings, and outdoor landscapes, resulting in welcoming and vibrant public spaces. The global growth of smart city efforts and digital transformation projects is driving the use of smart outdoor lighting solutions that integrate IoT (Internet of Things) technology and data analytics. Smart lighting networks provide remote monitoring, real-time data collecting, and adaptive lighting control, thereby improving energy efficiency, maintenance, and operational performance.
According to SPER market research, ‘Global Outdoor Lighting Market Size- By Type, By Application, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Outdoor Lighting Market is predicted to reach 43.63 billion by 2034 with a CAGR of 9.68%.
Drivers:
The market is expanding because of urbanization, government investment in smart city projects, and the need for energy-efficient outdoor lighting. LED technology is being widely adopted due to its lower energy use and maintenance costs compared to traditional lighting. This includes replacing street lighting and commercial outdoor applications with LEDs. There is also a rise in solar-powered outdoor lighting driven by sustainability, off-grid energy solutions, and rural electrification. The use of IoT and AI in lighting control is improving safety and efficiency for municipalities, businesses, and homes. The demand for decorative outdoor lighting in commercial spaces is also contributing to market growth.
Request a Free Sample Report: https://www.sperresearch.com/report-store/outdoor-lighting-market?sample=1
Restraints:
The initial investments of purchasing and installing outdoor lighting systems, especially energy-efficient and smart lighting solutions, can be significant. For organisations, municipalities, and homes, the initial cost may be a barrier to adoption, especially if budget limits or ROI concerns prevent spending on lighting upgrades or retrofits. Compliance with a complicated regulatory landscape, which includes energy efficiency standards, lighting ordinances, environmental restrictions, and safety codes, presents difficulties for outdoor lighting producers, designers, and installers. Keeping up with changing legislation and ensuring compliance across several jurisdictions necessitates experience, resources, and continuous diligence. In 2024, the North American outdoor lighting market accounted for the greatest portion of worldwide revenue. Key factors driving demand include strong infrastructure development and a focus on sustainability. Canada’s Green Infrastructure Fund promotes energy-efficient lighting in public areas, while solar and LED technologies provide sustainable options. The demand for attractive and practical outdoor lighting in commercial spaces, along with the rise of smart city projects, supports growth in both residential and commercial areas. Some of the key market players are Signify Holding, ACUITY BRANDS, INC, Hubbell, Zumtobel Group, ams-OSRAM AG, Outdoor Lighting Perspectives, and others.
For More Information, refer to below link: –
Related Reports:
Global Projection Mapping Market
Follow Us –
LinkedIn | Instagram | Facebook | Twitter
Contact Us:
Sara Lopes, Business Consultant — USA
SPER Market Research
enquiries@sperresearch.com
+1–347–460–2899
