Global Outdoor Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Outdoor Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Outdoor lighting includes a variety of light fixtures that address and improve exterior safety. Outdoor Lighting Fixture can usually be designed and installed in combination with surrounding roads, landscapes and buildings, so as to achieve the unity of its functionality and artistry.

Market Overview:

The latest research study on the global Outdoor Lighting market finds that the global Outdoor Lighting market reached a value of USD 13575.08 million in 2022. It’s expected that the market will achieve USD 17902.76 million by 2028, exhibiting a CAGR of 4.72% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on the outdoor lighting industry will involve all major links and entities in the industrial chain. The management efficiency of the company is declining, commuting is seriously hindered, production plans are seriously hindered, network expansion is delayed, marketing is delayed, brand adjustment is forced and affect product sales. The impact on the outdoor lighting industry depends on the prevention and control effect of COVID-19.

Fluctuation of raw material price

With the influence of COVID-19 epidemic in various industries and the strict blockade and restriction measures of governments all over the world, the outdoor lighting market has also been impacted to a certain extent. Due to the continuous blockade, the production and operation of factories in most countries are restricted, affecting all participants in the global value chain, including Outdoor Lighting component suppliers. Many outdoor lighting manufacturers, which depend on foreign parts supply, are increasing the cost of raw materials due to the interruption of supply chain. With the economic globalization, the global purchasing strategy of raw materials has become an important part of manufacturers' production and operation, and the impact of epidemic on logistics speed will have a greater impact on enterprise production. If the epidemic develops further, logistics will always be unsatisfactory, and small and medium-sized outdoor lighting enterprises will probably close down due to insufficient supply of raw materials, even large enterprises will face the same problems.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia-Pacific (27.66% in 2021).

Segmentation Overview:

By type, LED Lights segment accounted for the largest share of market in 2021.

High-Intensity Discharge (HID)

3Unlike incandescent and fluorescent bulbs, an HID light bulb is an electrical gas-discharge lamp that uses an electric arc that occurs between tungsten electrodes to produce light. These electrodes are housed inside a transparent or translucent fused alumina or fused quartz arc tube that has been filled with gas and metal salts. High intensity discharge (HID) lamps come in various types such as mercury vapor, high-and low-pressure sodium and metal halide. HID lamps have greater energy efficiency than fluorescent and incandescent lamps, emitting more lumens per watt.

Light-Emitting Diode (LED)

LEDs (Light Emitting Diodes) are the latest development in the lighting industry. Made popular by their efficiency, range of color, and long lifespan. LED bulb is a popular choice of outdoor lighting equipment. The price of LED bulb is higher than other bulbs, but LED outdoor lighting equipment has a longer service life and saves more energy consumption.

Application Overview:

The market's largest segment by application is the segment Sport and Large Areas, with a market share of 62.93% in 2021.

Key Companies in the global Outdoor Lighting market covered in Chapter 3:

Amerlux
Ledvance
Honeywell
Signify
Yankon
Kichler Lighting
RAB Lighting
LSI Industries
Eglo Leuchten
GE Current
Xylem
Hubbell Lighting
Leotek (LiteOn)
EYE Lighting
Schreder
Visionaire Lighting, LLC
Trilux
Panasonic
Fagerhult
Zumtobel Group
Kingsun
Everlight Electronics
Acuity Brands
Schneider Electric
Legrand
Cree Lighting
Dialight

In Chapter 4 and Chapter 14.2, on the basis of types, the Outdoor Lighting market from 2018 to 2029 is primarily split into:

HID Lights
LED Lights

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Outdoor Lighting market from 2018 to 2029 covers:

Road Lighting
Decorative and Illumination
Tunnels
Sport and Large Areas
Industrial Outdoor

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)