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The outdoor landscape lighting market size is forecast to increase by USD 746.3 million, at a CAGR of 6.02% between 2024 and 2028. Market expansion relies on various factors, notably the rising demand for LED lighting across diverse applications, driven by its energy efficiency and versatility. Concurrently, there's a growing recognition of the advantages associated with employing high-quality lighting solutions, fostering greater awareness among consumers and businesses alike. This heightened awareness underscores the importance of energy conservation and sustainability, driving the adoption of efficient lighting technologies. Additionally, robust government backing further bolsters the lighting industry, with policies and incentives aimed at promoting energy-efficient lighting solutions. These supportive measures not only stimulate market growth but also incentivize innovation and investment in research and development within the lighting sector. As the market continues to evolve, there's a growing emphasis on integrating advanced technologies and sustainable practices to meet the increasing demand for efficient and environmentally-friendly lighting solutions. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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For landscape lighting solutions, LED lighting fixtures offer efficient illumination, while solar-powered lights provide eco-friendly alternatives. Smart lighting systems enable remote control and automation, enhancing convenience. From pathway lighting to garden lighting and deck lights, these solutions add ambiance and functionality to outdoor spaces. With advancements in technology, the saffron market could potentially integrate into smart lighting systems, offering unique and customizable lighting experiences. The Outdoor Landscape Lighting Market is experiencing significant growth due to the increasing demand for modern landscape lights that enhance the beauty of outdoor spaces while providing energy-efficient solutions. The landscape lighting industry is shifting from conventional lighting solutions towards LED solutions, which offer effective and intelligent technology, such as daylight sensors and control systems. These energy-efficient LED lighting solutions are not only cost-effective but also eco-friendly, making them an ideal choice for the outdoor environment.
Modern landscape lights, equipped with chip-on-board technology, are becoming popular for their durability and long lifespan. Smart outdoor lighting, powered by renewable energy sources like solar energy, is gaining traction in streets, public places, commercial sites, university and college campuses, and other outdoor spaces. The integration of energy-efficient lighting systems in these areas not only improves safety and security but also reduces carbon footprint. Overall, the outdoor landscape lighting market is set to grow exponentially as the world transitions towards sustainable and intelligent lighting solutions.
The growing demand for LED lighting for different applications is notably driving market growth. The commercial viability of LEDs has accelerated their use for different applications, including ATG and underwater segments. They are increasingly deployed in retail, hospitality, and architecture, as well as other commercial and residential applications. This is increasing the adoption of LED lighting worldwide. The continuous decrease in the average selling price (ASP) of LED is expected to positively affect its penetration and market size considerably in both the residential and commercial sectors during the forecast period.
Further, niche markets, including stage lighting, plant grow lights, decorative holiday lights, traffic signals, pedestrian crossing lights, street and area lights, exit signs and electric signage, recessed downlights, and step, path, and porch lights, which require small and colored lighting products is expected to drive the market growth by LED lights during the forecast period. In addition, the adoption of LED lighting in the office and residential sector is expected to grow rapidly in developing countries, including China, Brazil, India, South Korea, Qatar, Peru, and South Africa, owing to the added benefits of LED technologies. These factors are expected to boost the growth of the global market during the forecast period.
The rapid advances in technology in the lighting industry are a major trend in the market. The global market is recording rapid advances in lighting technologies. For instance, in the residential segment, CFL, incandescent, and halogen lighting technologies are currently dominating the market in terms of revenue contribution. However, it is expected that LEDs will emerge as the major revenue contributor in the residential and commercial segments during the forecast period. The technological transition in the market is trending toward product enhancements in terms of better efficiency and power-saving capabilities. These technological transitions in the market will also encourage vendors to be more responsive to the technological changes that customers need. Therefore, the rapid advances in technology are expected to have a positive influence on the growth of the market during the forecast period.
Moreover, LED technology has advanced rapidly over the years, giving rise to LEDs with more brightness. The production of bright and less-expensive LEDs will gain momentum in the coming years. R&D has assumed immense significance among the vendors. LED lighting products have also become more advanced in terms of safety for home applications. The market competitors are developing LED devices with a high tolerance for fluctuations in the supply of electricity. Therefore, the market growth and trends will increase during the forecast period.
Poor performance of LED lighting at high temperatures is a major challenge impeding the market. The performance of LED chips and their related products is inversely proportional to temperature. The higher the temperature, the lower the LED performance. Since LED lights work on electricity and electricity generates heat, the constant current results in the light output of an LED varying as a function of its junction temperature. At the high junction, the temperature heats the semiconducting element, resulting in causing the light output to decrease at a faster rate over the long term. The LED chip, as well as related products like LED lamps, modules, and fixtures, has a major problem with high temperatures. Therefore, such heat should be channeled away from the LED with heat transfer technologies like heat exchangers.
In addition, high temperatures do not affect the functioning of traditional lighting due to their warm beams. However, LEDs perform better in a relatively cooler environment as they have a cool beam due to the absence of infrared radiation. Therefore, high temperatures bring imminent mechanical failure or a significant drop in LEDs performance. The high temperature also has a long-term influence on LED life expectancy. Therefore, this factor, along with LED lighting's high cost, is expected to pose a threat to the overall growth of the global market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Hubbell Inc. - The company offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, and other electrical equipment.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the ATG segment will be significant during the forecast period. Many different varieties of Above-the-ground (ATG) lights, including floodlights, landscape lights, motion sensor lights, spotlights, garden lights, pathway lights, lanterns, moonlights, spread lights, downlighting, shadow lights, wall lights, deck or step lights, are available in the market.
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The ATG segment showed a gradual increase in the market share of USD 1.41 billion in 2018. These lights run on solar and low-voltage energy sources. Cree offers advanced outdoor lighting products, including path lights, step lights, and spotlights. XLamp LEDs, J Series LEDs, and high-brightness LEDs are the featured products offered by the company. Similarly, Halco Lighting Technologies offers a comprehensive range of outdoor lighting products for ATG applications through its Sollo brand. The company designs its fixtures from the ground up to achieve high flexibility and increase the ease of installation with simple and elegant designs. During the forecast period, the vendors of this market segment are expected to increasingly adopt LED technology at a moderate rate. This is primarily because LED is energy-efficient and has a long lifecycle. These factors will improve the market share of this segment during the forecast period.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Rising disposable incomes, an increasing number of dual-income households, growing product awareness, and increasing availability of a comprehensive range of product offerings are the major factors that are expected to fuel the growth of the market in APAC during the forecast period. Rising disposable incomes enable consumers to invest in premium, high-quality lighting products to enhance the aesthetic appearance of their establishments.
Further, the urban population in various countries in the region has increased significantly over the past few years. The rise in the urban population has led to a rise in the construction of residential and commercial establishments in the region. Hence, the growth in the number of commercial and residential buildings, coupled with economic stability and growing urbanization, is expected to fuel the growth of the market in APAC during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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In the realm of outdoor lighting, a myriad of options exist, from flood lights to bollard lights, catering to residential and commercial lighting solutions alike. Emphasizing energy efficiency, LED lighting fixtures and solar garden lights are gaining traction. Wireless lighting controls and remote control lights offer convenience and flexibility in landscape lighting design. As landscape lighting maintenance becomes crucial, weatherproof and sustainable lighting solutions are preferred. With a focus on outdoor lighting trends and industry analysis, the integration of saffron into custom lighting designs may offer novel decorative lighting options, reflecting the market's innovations and advanced lighting technologies. In the realm of outdoor lighting, options like wall washers, in-ground lights, and spotlight fixtures offer versatility in residential lighting solutions. The Outdoor Landscape Lighting Market has experienced significant growth in recent years, driven by the increasing demand for artificial lighting to enhance visual performance and accommodate human activity in various outdoor settings. The market encompasses a range of lighting solutions, including incandescent bulbs, conventional bulbs, fluorescent lights, CFL lights, and the increasingly popular Light Emitting Diodes (LEDs).
LED lighting solutions, known for their energy savings and long product life, are becoming the preferred choice due to their environmental friendliness and alignment with infrastructural development. Smart LED lighting solutions, which offer real-time information and communication capabilities through information technologies, are also gaining traction. Power grids and energy consumption are key considerations in the outdoor landscape lighting market. Energy savings and efficiency are crucial factors in the selection of lighting solutions for driveways, stair railings, postmounted lanterns, gateways, exits, and other outdoor applications. Safety and security are primary concerns in outdoor lighting, with LED lighting systems providing an effective deterrent against burglars. The market also caters to the needs of various industries, including communication and information technologies, offering customized lighting solutions to meet their unique requirements.
The outdoor landscape lighting market is expected to continue its growth trajectory, driven by the increasing focus on energy efficiency, environmental friendliness, and smart lighting systems that offer real-time information and communication capabilities. Further, embracing energy efficiency, low voltage lighting and weatherproof options are popular, especially when integrated with RGB lighting options and color-changing lights for aesthetic appeal. From security lighting to ambient and accent lighting, every aspect of outdoor lighting design is catered to. As the market evolves, saffron could introduce unique landscape lighting accessories or inspire custom lighting designs. With a focus on lighting retrofit solutions and exterior lighting innovations, the integration of saffron may bring forth novel architectural lighting applications, showcasing the market's commitment to innovation and sustainability.
However, when it comes to outdoor lighting, a comprehensive array of options exists to enhance your space. From high voltage lighting solutions for expansive areas to energy-efficient lighting choices that reduce power consumption, each fixture serves a purpose. Weatherproof lighting ensures durability against the elements, while color-changing lights add versatility and ambiance. Installing outdoor lighting requires expertise, and outdoor lighting suppliers offer a range of products suited to different needs, complemented by professional lighting designers who create customized solutions like ambient lighting for the overall atmosphere and task lighting for specific functions.
Moreover, whether it's illuminating a patio, backyard, or garden path with path lighting or pool and tree areas with specialized pool lighting and tree lighting, each installation demands outdoor lighting installation services. Components such as lighting transformers, cables, and mounting hardware facilitate seamless setups, supported by lighting timers, sensors, controllers, dimmers, switches, remotes, and apps for convenient operation. Lighting maintenance services and upgrades ensure longevity and efficiency while lighting software aids in advanced design and management for comprehensive lighting design services.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.02% |
Market growth 2024-2028 |
USD 746.3 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.59 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acuity Brands Inc., ALLIANCE Outdoor Lighting, Cast Lighting, Cree Lighting, Eaton Corp. Plc, Current Lighting Solutions LLC, Halco Lighting Technologies LLC, Hubbell Inc., Kichler Lighting LLC, Landscape Forms, LSI Industries Inc., Modern Lighting by Lumens Light and Living, Orbit Lightings, OSRAM Licht AG, Oversea Lighting and Electric (M) Sdn. Bhd., Panasonic Holdings Corp., Signify NV, VOLT Lighting, WAC Lighting, and Wipro Lighting |
Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Source
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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