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The outdoor landscape lighting market share in North America is expected to increase by USD 147.51 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.22%.
This outdoor landscape lighting market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers outdoor landscape lighting market segmentation in North America by end-user (commercial and residential), light-source (traditional and LED), and geography (US and Rest of North America). The outdoor landscape lighting market report in North America also offers information on several market vendors, including Acuity Brands Inc., ALLIANCE Outdoor Lighting, Amp Lighting, Eaton Corp. Plc, General Electric Co., Halco Lighting Technologies LLC, Hubbell Inc., IDEAL INDUSTRIES INC., Kichler Lighting LLC, and LEDiL among others.
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The growing demand for LED lighting for different applications is notably driving the outdoor landscape lighting market growth in North America, although factors such as poor performance of LED lighting products at high temperatures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the outdoor landscape lighting industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Outdoor Landscape Lighting Market Driver in North America
One of the key factors driving growth in the outdoor landscape lighting market in North America is the growing demand for LED lighting for different applications. The commercial viability of LEDs has accelerated their use across different applications, including in commercial and residential applications. The continuous decrease in the average selling price (ASP) of LED lighting is expected to have a positive impact on its penetration and market size considerably, both in the residential and commercial sectors. The outdoor landscape lighting market in North America has a large number of LED lighting manufacturers like General Electric Company and Cree, Inc. The adoption of LED lighting in the office and residential sectors has increased in developing countries like the US and Canada, owing to the additional benefits of LED technologies, such as low energy consumption and low operating cost compared to traditional lighting products. These factors are expected to boost the growth of the outdoor landscape lighting market in North America during the forecast period.
Key Outdoor Landscape Lighting Market Challenge n North America
The poor performance of LED lighting products at high temperatures will be a major challenge for the outdoor landscape lighting market vendors in North America during the forecast period. The performance of LED chips and their related products is inversely proportional to the temperature. The higher the temperature, the lower the LED performance. Since LED lights operate on electricity, which generates heat, the constant transmission of current leads to variations in the light output of an LED as a function of its junction temperature. Therefore, high temperatures involve the risk of imminent mechanical failure or a significant drop in the LED lighting's performance. This factor, along with the high cost of LED lighting products, is expected to pose a threat to the overall growth of the outdoor landscape lighting market in North America.
This outdoor landscape lighting market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the outdoor landscape lighting market in North America encompasses successful business strategies deployed by the key vendors. The outdoor landscape lighting market in North America is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The outdoor landscape lighting market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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74% of the market's growth will originate from the US during the forecast period. The US is the key market for outdoor landscape lighting in North America. Market growth in this region will be slower than the growth of the market in the Rest of North America region.
The presence of a large number of vendors in the market and strong demand from the commercial sector will facilitate the outdoor landscape lighting market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The outdoor landscape lighting market share growth in North America by the commercial segment will be significant during the forecast period. The expanding corporate spaces across North America will continue to be a significant revenue contributor to and driver of this market segment. Vendors of LED lighting will also record increased market penetration, owing to the rising adoption of LEDs for outdoor space applications due to their energy efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the outdoor landscape lighting market size in North America and actionable market insights on post COVID-19 impact on each segment.
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Outdoor Landscape Lighting Market Scope in North America |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.22% |
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Market growth 2022-2026 |
$ 147.51 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.69 |
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Regional analysis |
US and Rest of North America |
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Performing market contribution |
US at 74% |
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Key consumer countries |
US |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Acuity Brands Inc., ALLIANCE Outdoor Lighting, Amp Lighting, Eaton Corp. Plc, General Electric Co., Halco Lighting Technologies LLC, Hubbell Inc., IDEAL INDUSTRIES INC., Kichler Lighting LLC, and LEDiL |
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Market dynamics |
Parent market analysis, 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 the forecast period |
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Customization purview |
If our 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 report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Light-source
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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