GITNUX REPORT 2024

Global Outdoor Lighting Industry Thriving, Set to Reach New Heights

Exploring the Bright Future: Global Outdoor Lighting Industry Surges with LED and Smart Technology.

Author: Jannik Lindner

First published: 7/17/2024

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Street lighting segment holds the largest share in the outdoor lighting market

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The residential outdoor lighting segment is expected to grow at the highest CAGR

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The commercial outdoor lighting segment accounted for over 40% of the market share in 2019

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The sports stadium lighting segment is projected to grow at a CAGR of 7.2% from 2020 to 2027

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Landscape lighting segment is expected to grow at a CAGR of 6.8% from 2020 to 2027

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The architectural lighting segment is expected to grow at a CAGR of 7.5% from 2020 to 2027

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The parking lot lighting segment is projected to grow at a CAGR of 6.5% from 2020 to 2027

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The outdoor flood lighting segment is expected to grow at a CAGR of 7.2% from 2020 to 2027

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The highway and roadway lighting segment is projected to grow at a CAGR of 7.8% from 2020 to 2027

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The tunnel lighting segment is expected to grow at a CAGR of 6.9% from 2020 to 2027

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The area lighting segment is projected to grow at a CAGR of 7.1% from 2020 to 2027

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The facade lighting segment is expected to grow at a CAGR of 7.3% from 2020 to 2027

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The garden lighting segment is projected to grow at a CAGR of 6.7% from 2020 to 2027

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The security lighting segment is expected to grow at a CAGR of 7.4% from 2020 to 2027

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The signage lighting segment is projected to grow at a CAGR of 7.0% from 2020 to 2027

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The underwater lighting segment is expected to grow at a CAGR of 6.6% from 2020 to 2027

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The airport lighting segment is projected to grow at a CAGR of 7.7% from 2020 to 2027

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The dock lighting segment is expected to grow at a CAGR of 6.4% from 2020 to 2027

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The billboard lighting segment is projected to grow at a CAGR of 6.8% from 2020 to 2027

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Solar-powered outdoor lighting is expected to grow at a CAGR of 11.2% from 2020 to 2027

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Outdoor lighting consumes approximately 20% of total electricity used for lighting globally

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Smart outdoor lighting can reduce carbon emissions by up to 70%

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The global solar street lighting market is expected to reach $10.8 billion by 2027

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Smart outdoor lighting can reduce light pollution by up to 50%

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Smart outdoor lighting can reduce light trespass by up to 40%

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Smart outdoor lighting can increase energy savings by up to 90% when combined with renewable energy sources

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Smart outdoor lighting can reduce glare by up to 35%

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LED lighting accounts for over 60% of the outdoor lighting market share

Statistic 29

LED streetlights can reduce energy consumption by up to 50-70% compared to traditional lighting

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The global outdoor solar LED market size is expected to reach $12.5 billion by 2027

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LED streetlights can last up to 100,000 hours, compared to 24,000 hours for traditional streetlights

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The global outdoor LED display market is expected to reach $14.1 billion by 2025

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The global outdoor LED lighting market is expected to reach $21.9 billion by 2027

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The global outdoor lighting market size was valued at USD 10.7 billion in 2019

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The outdoor lighting market is expected to grow at a CAGR of 8.5% from 2020 to 2027

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Outdoor lighting fixtures market is expected to reach $22.1 billion by 2026

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The global outdoor lighting poles market is expected to reach $8.5 billion by 2026

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The global outdoor lighting transformer market is expected to reach $2.5 billion by 2027

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The global outdoor lighting reflector market is expected to reach $1.2 billion by 2027

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The global outdoor lighting ballast market is expected to reach $1.8 billion by 2027

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The global outdoor lighting driver market is expected to reach $2.2 billion by 2027

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The global outdoor lighting optics market is expected to reach $1.3 billion by 2027

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The global outdoor lighting heat sink market is expected to reach $1.1 billion by 2027

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The global outdoor lighting lens market is expected to reach $900 million by 2027

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The global outdoor lighting power supply market is expected to reach $1.7 billion by 2027

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North America accounts for approximately 30% of the global outdoor lighting market

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The Asia Pacific region is expected to witness the highest growth in the outdoor lighting market

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Europe holds approximately 25% of the global outdoor lighting market share

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Smart outdoor lighting market is projected to reach $21.8 billion by 2026

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The global smart street lighting market is expected to reach $21.8 billion by 2026

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The global smart outdoor lighting market is expected to grow at a CAGR of 20.5% from 2020 to 2027

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Smart outdoor lighting can reduce energy consumption by up to 80% compared to traditional lighting

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The adoption of IoT in outdoor lighting is expected to grow at a CAGR of 21.5% from 2020 to 2027

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The global outdoor lighting control market is expected to reach $1.5 billion by 2026

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Smart outdoor lighting can reduce maintenance costs by up to 50%

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Smart outdoor lighting can improve public safety by up to 30%

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Smart outdoor lighting can increase property values by up to 15%

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Smart outdoor lighting can reduce crime rates by up to 20%

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The global outdoor lighting control system market is expected to reach $2.8 billion by 2026

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Smart outdoor lighting can improve traffic flow by up to 25%

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Smart outdoor lighting can reduce emergency response times by up to 15%

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Smart outdoor lighting can increase pedestrian activity by up to 30%

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The global outdoor lighting sensor market is expected to reach $1.5 billion by 2027

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Smart outdoor lighting can improve color rendering by up to 25%

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Smart outdoor lighting can improve visibility for drivers by up to 40%

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Summary

  • The global outdoor lighting market size was valued at USD 10.7 billion in 2019
  • The outdoor lighting market is expected to grow at a CAGR of 8.5% from 2020 to 2027
  • LED lighting accounts for over 60% of the outdoor lighting market share
  • Smart outdoor lighting market is projected to reach $21.8 billion by 2026
  • Street lighting segment holds the largest share in the outdoor lighting market
  • North America accounts for approximately 30% of the global outdoor lighting market
  • The residential outdoor lighting segment is expected to grow at the highest CAGR
  • Solar-powered outdoor lighting is expected to grow at a CAGR of 11.2% from 2020 to 2027
  • The global smart street lighting market is expected to reach $21.8 billion by 2026
  • Outdoor lighting consumes approximately 20% of total electricity used for lighting globally
  • The Asia Pacific region is expected to witness the highest growth in the outdoor lighting market
  • The commercial outdoor lighting segment accounted for over 40% of the market share in 2019
  • LED streetlights can reduce energy consumption by up to 50-70% compared to traditional lighting
  • The global smart outdoor lighting market is expected to grow at a CAGR of 20.5% from 2020 to 2027
  • Outdoor lighting fixtures market is expected to reach $22.1 billion by 2026

Let there be light, and let it be smart! The outdoor lighting industry shines bright with staggering statistics illuminating its path to success: from a global market valued at $10.7 billion in 2019 to an expected 8.5% annual growth, and LEDs domination with over 60% market share. As smart technology sparks a revolution, projecting a $21.8 billion market by 2026, the world of outdoor lighting is set to not just brighten our nights but also our futures. So, grab your sunglasses as we delve into the dazzling details of an industry thats all set to light up the world, one CAGR at a time!

Application Segments

  • Street lighting segment holds the largest share in the outdoor lighting market
  • The residential outdoor lighting segment is expected to grow at the highest CAGR
  • The commercial outdoor lighting segment accounted for over 40% of the market share in 2019
  • The sports stadium lighting segment is projected to grow at a CAGR of 7.2% from 2020 to 2027
  • Landscape lighting segment is expected to grow at a CAGR of 6.8% from 2020 to 2027
  • The architectural lighting segment is expected to grow at a CAGR of 7.5% from 2020 to 2027
  • The parking lot lighting segment is projected to grow at a CAGR of 6.5% from 2020 to 2027
  • The outdoor flood lighting segment is expected to grow at a CAGR of 7.2% from 2020 to 2027
  • The highway and roadway lighting segment is projected to grow at a CAGR of 7.8% from 2020 to 2027
  • The tunnel lighting segment is expected to grow at a CAGR of 6.9% from 2020 to 2027
  • The area lighting segment is projected to grow at a CAGR of 7.1% from 2020 to 2027
  • The facade lighting segment is expected to grow at a CAGR of 7.3% from 2020 to 2027
  • The garden lighting segment is projected to grow at a CAGR of 6.7% from 2020 to 2027
  • The security lighting segment is expected to grow at a CAGR of 7.4% from 2020 to 2027
  • The signage lighting segment is projected to grow at a CAGR of 7.0% from 2020 to 2027
  • The underwater lighting segment is expected to grow at a CAGR of 6.6% from 2020 to 2027
  • The airport lighting segment is projected to grow at a CAGR of 7.7% from 2020 to 2027
  • The dock lighting segment is expected to grow at a CAGR of 6.4% from 2020 to 2027
  • The billboard lighting segment is projected to grow at a CAGR of 6.8% from 2020 to 2027

Interpretation

In the realm of outdoor lighting, it seems every segment is shining bright with potential for growth. From illuminating sports stadiums to ensuring our highways are well-lit, the industry is on an upward trajectory, much like a perfectly lit architectural masterpiece. With residential outdoor lighting leading the charge in projected growth, it appears that even our humble backyard lights are not to be underestimated in this luminous dance of progress. So, whether it's enhancing security, decorating a garden, or simply guiding our way through tunnels, the future certainly looks lit for the outdoor lighting industry.

Energy Efficiency

  • Solar-powered outdoor lighting is expected to grow at a CAGR of 11.2% from 2020 to 2027
  • Outdoor lighting consumes approximately 20% of total electricity used for lighting globally
  • Smart outdoor lighting can reduce carbon emissions by up to 70%
  • The global solar street lighting market is expected to reach $10.8 billion by 2027
  • Smart outdoor lighting can reduce light pollution by up to 50%
  • Smart outdoor lighting can reduce light trespass by up to 40%
  • Smart outdoor lighting can increase energy savings by up to 90% when combined with renewable energy sources
  • Smart outdoor lighting can reduce glare by up to 35%

Interpretation

In a world where lighting up the night sky is both a necessity and a luxury, the Outdoor Lighting Industry's statistics shine a light on the power of innovation and sustainability. The meteoric rise of solar-powered outdoor lighting, set to outshine traditional methods with a dazzling 11.2% growth rate, is a beacon of hope for a greener future. As we bask in the glow of these numbers, it becomes clear that smart outdoor lighting isn't just a bright idea - it's a game-changer. From slashing carbon emissions by 70% to illuminating our path to energy savings of up to 90%, the potential is as vast as the night sky itself. So let's switch off the old ways and embrace the brilliance of a more efficient, eco-friendly future - because when it comes to outdoor lighting, the sky's the limit.

LED Technology

  • LED lighting accounts for over 60% of the outdoor lighting market share
  • LED streetlights can reduce energy consumption by up to 50-70% compared to traditional lighting
  • The global outdoor solar LED market size is expected to reach $12.5 billion by 2027
  • LED streetlights can last up to 100,000 hours, compared to 24,000 hours for traditional streetlights
  • The global outdoor LED display market is expected to reach $14.1 billion by 2025
  • The global outdoor LED lighting market is expected to reach $21.9 billion by 2027

Interpretation

In a world where numbers light up the path to a brighter future, it's clear that LED technology is shining the way for the outdoor lighting industry. With LED lighting already claiming over 60% of the market share and the potential to reduce energy consumption by up to 70%, the stage is set for a luminous revolution. The forecasted market size for outdoor solar LED and LED displays dazzles with figures in the billions, illuminating the path towards sustainable, efficient lighting solutions. So, as we bask in the glow of this promising outlook, it's safe to say that the future is looking bright - and it's all thanks to LEDs lighting up the way.

Market Size and Growth

  • The global outdoor lighting market size was valued at USD 10.7 billion in 2019
  • The outdoor lighting market is expected to grow at a CAGR of 8.5% from 2020 to 2027
  • Outdoor lighting fixtures market is expected to reach $22.1 billion by 2026
  • The global outdoor lighting poles market is expected to reach $8.5 billion by 2026
  • The global outdoor lighting transformer market is expected to reach $2.5 billion by 2027
  • The global outdoor lighting reflector market is expected to reach $1.2 billion by 2027
  • The global outdoor lighting ballast market is expected to reach $1.8 billion by 2027
  • The global outdoor lighting driver market is expected to reach $2.2 billion by 2027
  • The global outdoor lighting optics market is expected to reach $1.3 billion by 2027
  • The global outdoor lighting heat sink market is expected to reach $1.1 billion by 2027
  • The global outdoor lighting lens market is expected to reach $900 million by 2027
  • The global outdoor lighting power supply market is expected to reach $1.7 billion by 2027

Interpretation

The outdoor lighting industry is shining bright, with projections that could light up even the darkest night sky. As the world increasingly emphasizes the importance of efficient and aesthetic outdoor illumination, it's no surprise that the market is set to skyrocket. From lighting fixtures to reflectors, poles to transformers, the growth in each segment signifies a global focus on enhancing our outdoor spaces. So, brace yourselves for a future where even the humblest of outdoor lights will have their own billion-dollar industry - because in a world where every corner deserves to be bathed in the right light, the outdoor lighting sector is here to make sure no shadow goes unchased.

Regional Analysis

  • North America accounts for approximately 30% of the global outdoor lighting market
  • The Asia Pacific region is expected to witness the highest growth in the outdoor lighting market
  • Europe holds approximately 25% of the global outdoor lighting market share

Interpretation

It seems the world of outdoor lighting is playing a game of "light and shadows," with North America holding its ground as a shining star with a solid 30% share, while the Asia Pacific region is gearing up for a meteoric rise in the industry. Meanwhile, Europe, with its 25% share, is maintaining a steady glow. It looks like the future of outdoor lighting will be a dazzling dance between established players and up-and-coming contenders, with innovation and growth illuminating the path ahead.

Smart Lighting

  • Smart outdoor lighting market is projected to reach $21.8 billion by 2026
  • The global smart street lighting market is expected to reach $21.8 billion by 2026
  • The global smart outdoor lighting market is expected to grow at a CAGR of 20.5% from 2020 to 2027
  • Smart outdoor lighting can reduce energy consumption by up to 80% compared to traditional lighting
  • The adoption of IoT in outdoor lighting is expected to grow at a CAGR of 21.5% from 2020 to 2027
  • The global outdoor lighting control market is expected to reach $1.5 billion by 2026
  • Smart outdoor lighting can reduce maintenance costs by up to 50%
  • Smart outdoor lighting can improve public safety by up to 30%
  • Smart outdoor lighting can increase property values by up to 15%
  • Smart outdoor lighting can reduce crime rates by up to 20%
  • The global outdoor lighting control system market is expected to reach $2.8 billion by 2026
  • Smart outdoor lighting can improve traffic flow by up to 25%
  • Smart outdoor lighting can reduce emergency response times by up to 15%
  • Smart outdoor lighting can increase pedestrian activity by up to 30%
  • The global outdoor lighting sensor market is expected to reach $1.5 billion by 2027
  • Smart outdoor lighting can improve color rendering by up to 25%
  • Smart outdoor lighting can improve visibility for drivers by up to 40%

Interpretation

In a world where even our streetlights are getting smarter, the Outdoor Lighting Industry is shining a light on the future with eye-popping statistics. With projections reaching billions and growth rates soaring, it seems that the time has come for outdoor lighting to step into the spotlight. Not only does smart outdoor lighting promise to save energy, reduce maintenance costs, and enhance public safety, but it also holds the potential to make our streets brighter, our properties more valuable, and our communities safer. So, as we embark on this illuminated journey towards a brighter tomorrow, let's remember: when it comes to outdoor lighting, the future is looking pretty bright indeed.

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