Outdoor Lighting
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Outdoor Lighting Market Size Growth Forecast: What to Expect by 2025?
There has been a robust expansion in the size of the outdoor lighting market in the past few years. The market, which was valued at $14.32 billion in 2024, will rise to $15.13 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.7%. The substantial growth observed in the previous period was due to advancements in smart lighting technology, changes in aesthetic and architectural styles, heightened concern for the environment, an increased need for safety and security, and a transition towards energy-saving solutions.
How Will the Outdoor Lighting Market Size Evolve and Grow by 2029?
The market size for outdoor lighting is predicted to experience significant expansion in the coming years, reaching a value of $20.04 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 7.3%. This predicted growth during the forecast period is due to several factors such as the increased presence of LEDs, the demand for customization and aesthetic appeal, improvements in security and safety standards, the development of smart lighting, and the implementation of sustainable and eco-friendly solutions. Key trends during this forecast period include heightened energy efficiency, the integration of smart lighting systems, urban and infrastructural development, an enhanced focus on safety and security, and increasing environmental consciousness.
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What Drivers Are Propelling the Growth of Outdoor Lighting Market Forward?
The outdoor lighting market is being propelled by a growing preference for energy-efficient lighting systems. This involves embracing eco-friendlier lighting options such as LEDs and CFL bulbs, and utilizing alternative energy sources like solar energy. LEDs, in particular, consume less energy, making them ideal for outdoor lighting that can be powered by solar panels. For example, in June 2023, the India-based government agency, Energy Efficiency Services Limited (EESL), confirmed the distribution of about 368 million LED bulbs and tube lights. This effort has enabled the prevention of 38 million tons of CO2 emissions annually and saved consumers INR 192 ($2.28) billion in electricity expenses. Moreover, in 2022, the U.S. government introduced the Inflation Reduction Acts of 2022, providing tax deductions for homeowners, builders, and commercial enterprises that choose energy-efficient lighting. Therefore, the escalating adoption of energy-efficient lighting systems is nudging the outdoor lighting market forward.
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Which Emerging Trends Are Transforming the Outdoor Lighting Market in 2025?
To cater to larger customer segments, generate more sales, and boost their revenue, main players in the outdoor lighting industry are creating ground-breaking products such as roadway luminaires which are bespoke lighting fixtures designed for the purpose of illuminating streets, highways or roadways. As an example, in June 2022, Evluma-a lighting company based out of the US-rolled out the RoadMax product. What sets the RoadMax series apart is its versatility in offering three sizes: small, medium, and large, which can replace a range of wattages catered towards replacing legacy HID 100w, 250w, and 400w cobrahead fixtures. It is engineered to match the RP-8-18 roadway specs and features an elegant design. This particular luminaire’s unique optical design not only provides excellent roadway illumination, but also pioneers a remarkable blend of glare control in the sector.
What Are the Key Segments in the Outdoor Lighting Market?
The outdoor lighting market covered in this report is segmented –
1) By Type: LED Lights, High-Intensity Discharge (HID) Lamps, Fluorescent Lights, Plasma Lamps
2) By Component: Fixture, Control
3) By Application: Street Lighting, Tunnel Lights, Highways, Parking Lots Or Decoration, Parks And Stadium, Building Exteriors, Other Applications
4) By Distribution Channel: Offline, Online
Subsegments:
1) By LED Lights: Flood Lights, Street Lights, Garden Lights, Wall Packs
2) By High-Intensity Discharge (HID) Lamps: Metal Halide Lamps, High-Pressure Sodium Lamps, Low-Pressure Sodium Lamps
3) By Fluorescent Lights: T5 Fluorescent Lights, T8 Fluorescent Lights, T12 Fluorescent Lights
4) By Plasma Lamps: Plasma Arc Lamps, Plasma Discharge Lamps
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Who Are the Key Players Shaping the Outdoor Lighting Market’s Competitive Landscape?
Major companies operating in the outdoor lighting market include Syska LED Lights Company, Hubbell Incorporated, Eaton Corporation plc, Acuity Brands Inc., Dialight plc, General Electric Company, Zumtobel Group AG, Osram Licht AG, Signify Holdings BV, Stanley Electric Co. Ltd., Iwasaki Electric Co. Ltd., Evluma, Halco Lighting Technologies LLC, Philips Lighting Holdings, Cree Inc., KLARUS Lighting Technology Co. Ltd., Deco Lighting Inc., L.D. Kichler Co. Inc., Guangzhou Vorlane Optoelectronics Technology Co. Ltd., Minka Lighting Inc., Hinkley Lighting Inc.
What Geographic Markets Are Powering Growth in the Outdoor Lighting Market?
North America was the largest region in the outdoor lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the outdoor lighting market report during the forecast period. The regions covered in the outdoor lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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