Overview:

The global outdoor lighting market is poised for substantial expansion in the coming years. Projections estimate the market size will reach USD 14,499 million in 2025, growing to USD 29,059.7 million by 2035. This represents a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035, driven by rising demand across various sectors and regions.

Several factors contribute to this robust growth, including increasing urbanization, infrastructure development, and a growing emphasis on energy-efficient lighting solutions. The adoption of LED technology, in particular, is expected to play a significant role in shaping the market landscape.

Regionally, North America, Europe, and Asia Pacific are anticipated to be key markets, with countries like the U.S., China, and India leading in terms of demand. These regions are witnessing significant investments in smart city projects and infrastructure upgrades, further fueling the need for advanced outdoor lighting systems.

The market is characterized by the presence of both established players and emerging companies, fostering innovation and competition. Key participants include Signify N.V. (Philips Lighting), General Electric Company, and Acuity Brands, Inc., all of which are focused on developing and deploying cutting-edge lighting solutions.

The trend towards smart and connected lighting systems is also gaining momentum, enabling enhanced control, monitoring, and energy management capabilities. This shift is driven by the increasing adoption of IoT technologies and the desire for more sustainable and efficient lighting solutions.

The industry is also influenced by stringent regulatory standards and government initiatives promoting energy conservation and reducing carbon emissions. These factors create a favorable environment for the adoption of energy-efficient outdoor lighting technologies.

Year On Year Growth Chart

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Key Companies Market Share