The Outdoor Lighting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Outdoor Lighting Market?
The historical growth trend in the Outdoor Lighting market has seen the market size increase significantly. The market value was $14.32 billion in 2024 and it is projected to climb to $15.38 billion in 2025, growing at a compound annual growth rate of 7.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Outdoor Lighting Industry?
The projected market size for the Outdoor Lighting market in 2029 is expected to be $20.79 billion. The anticipated compound annual growth rate (CAGR) for this market is 7.8%.
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What are the Key Growth Drivers Fueling the Outdoor Lighting Market?
The key drivers in the outdoor lighting market are:
• Led penetration enhancing the quality of outdoor illumination
• Rising demand for customization and aesthetics in outdoor lighting design
• The need for security and safety driving the adoption of advanced outdoor lighting
• Expansion of smart lighting technology in outdoor applications for sustainability and eco-friendliness
Global Market Segmentation: Identifying Major Outdoor Lighting Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Outdoor Lighting Market?
The key trends in the outdoor lighting market are:
• Energy efficiency is a major emerging trend in the outdoor lighting market.
• Smart lighting integration is increasingly becoming popular.
• The market is heavily influenced by urbanization and infrastructure development.
• There is a rising emphasis on safety, security, and environmental concerns.
Who Are the Top Competitors & Leading Players in the Outdoor Lighting Market?
Major companies in the outdoor lighting market are:
• 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.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the outdoor lighting market in 2024
