야외 조명 시장 규모는 2023년 221억 달러로 평가되며, 예측 기간(2025-2032년) 동안 8.6%의 CAGR로 2024년 240억 달러에서 2032년 464억 4,000만 달러로 성장할 것으로 예상됩니다.
야외 조명 시장은 주택 건설 및 리노베이션의 증가로 인해 강력한 성장세를 보이고 있습니다. 소비자들이 지속가능한 솔루션에 대한 관심이 높아지면서 첨단 조명 기술이 인기를 끌고 있습니다. 효과적인 조명을 통한 홈 보안 강화는 혁신적인 야외 조명 디자인에 대한 수요를 촉진하고 있으며, HID 램프 및 방수 벽 조명과 같은 실용적인 조명 솔루션은 방갈로, 개인 농장 및 리조트의 급격한 증가에 힘입어 시장 침투에 기여하고 있습니다. 에너지 효율이 높은 기술로의 전환은 분명하며, 전 세계적으로 스마트 조명 프로젝트가 증가하고 있습니다. 각국 정부는 특히 LED와 태양광발전 시스템의 통합을 통해 친환경 조명의 채택을 촉진하고 있으며, COVID-19 팬데믹으로 인해 일시적으로 야외 조명 사용량이 감소했지만, 이 분야는 지속가능성과 미학에 중점을 두고 적응과 진화를 거듭하고 있습니다.
Outdoor Lighting Market size was valued at USD 22.1 billion in 2023 and is poised to grow from USD 24.0 billion in 2024 to USD 46.44 billion by 2032, growing at a CAGR of 8.6% during the forecast period (2025-2032).
The outdoor lighting market is witnessing robust growth, fueled by increased residential construction and renovation activities. As consumers lean towards sustainable solutions, advanced lighting technologies are gaining popularity. Enhanced home security from effective illumination is driving demand for innovative outdoor lighting designs. Practical lighting solutions, such as HID lamps and waterproof wall lights, contribute to market penetration, bolstered by a surge in bungalows, private farms, and resorts. The shift towards energy-efficient technologies is evident, with smart lighting projects on the rise globally. Governments are fostering the adoption of environmentally friendly lighting, particularly with the integration of LED and solar-powered systems. Despite setbacks from the COVID-19 pandemic, which temporarily reduced outdoor lighting usage, the sector continues to adapt and evolve, guided by a focus on sustainability and aesthetics.
Top-down and bottom-up approaches were used to estimate and validate the size of the Outdoor Lighting market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Outdoor Lighting Market Segments Analysis
Outdoor Lighting Market is segmented by Source, Application, Distribution Channel and region. Based on Source, the market is segmented intoLED Lights, Plasma Lamps, High-Intensity Discharge Lamps and Fluorescent Lights. Based on Application, the market is segmented into Residential and Commercial. Based on Distribution Channel, the market is segmented into Offline and Online. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Outdoor Lighting Market
As urban populations grow, the demand for outdoor lighting solutions is increasingly driven by the need to enhance safety and security in public spaces. This surge in urbanization has led to a growing interest in intelligent and connected lighting systems, which can seamlessly integrate with various smart city technologies. These advancements not only improve overall efficiency but also contribute to reduced energy consumption. Consequently, the outdoor lighting market is experiencing significant momentum, with innovative lighting solutions becoming essential for ensuring safer, more sustainable urban environments as cities adapt to accommodate their expanding populations.
Restraints in the Outdoor Lighting Market
One of the key challenges hindering the outdoor lighting market's expansion is the significant expense associated with installation and ongoing maintenance. Numerous cities and municipalities, especially in developing countries, may perceive the financial burden of implementing and sustaining outdoor lighting systems as excessive. This high cost can deter investment and slow the adoption of modern lighting solutions, making it difficult for these regions to enhance their outdoor environments effectively. As a result, the potential for growth in the outdoor lighting sector is constrained, limiting the benefits of improved safety, security, and aesthetics that such systems can provide.
Market Trends of the Outdoor Lighting Market
The outdoor lighting market is experiencing a notable swing towards energy-efficient LED lighting, driven by its long lifespan and cost-effectiveness. As consumers become more environmentally conscious, the demand for LED solutions is surging due to their substantial energy savings. Concurrently, the integration of IoT technologies is propelling the market towards smart lighting solutions, which offer enhanced features such as remote control and customizable settings, appealing to both residential and commercial users. This convergence of energy efficiency and advanced technology is reshaping the landscape of outdoor lighting, positioning it for robust growth in the coming years.