LED Outdoor Lighting Market was valued at USD 7.3 Billion in 2022 and is projected to reach USD 15.9 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The global LED outdoor lighting market was valued at approximately USD 15.2 billion in 2022 and is projected to reach around USD 24.5 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 10.0% during the forecast period. This growth is driven by the increasing adoption of energy-efficient lighting solutions and the rising demand for smart lighting systems. The market expansion is further supported by ongoing advancements in LED technology and the growing emphasis on sustainable and eco-friendly lighting solutions. The trend towards smart cities and infrastructure development also contributes to the robust growth of this sector.
Emerging markets present significant opportunities for growth within the LED outdoor lighting industry. Regions such as Asia-Pacific and Latin America are experiencing rapid urbanization and infrastructure development, creating a high demand for advanced lighting solutions. Additionally, government initiatives and incentives aimed at reducing energy consumption and promoting green technologies are expected to further boost market opportunities. As these regions continue to evolve, the adoption of LED outdoor lighting solutions is anticipated to increase, offering considerable potential for market players to capitalize on new business prospects.
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OSRAM Group
GE Lighting
Legrand
Hubbell
Kichler
Maxim Lighting
Philips
Cree Lighting
Generation Brands
Feit Electric Company
Hudson Valley Lighting
Acuity Brands
Inc.
Genesys Light Group
Telensa
Leviton
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global LED Outdoor Lighting Market
Residential
Commercial
Based on Types the Market is categorized into Below types that held the largest LED Outdoor Lighting market share In 2023.
Less than 20W
20-50W
50-80W
Above 80W
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global LED Outdoor Lighting Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global LED Outdoor Lighting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global LED Outdoor Lighting Market, By Type
6. Global LED Outdoor Lighting Market, By Application
7. Global LED Outdoor Lighting Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global LED Outdoor Lighting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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