The Latest Outdoor Lighting Industry Statistics Explained
The global outdoor lighting market size was USD 9.4 billion in 2018.
The statistic “The global outdoor lighting market size was USD 9.4 billion in 2018” indicates the total value of outdoor lighting products and services sold worldwide in the year 2018. This figure represents the aggregate financial size of the outdoor lighting industry, which includes products such as streetlights, garden lights, floodlights, and architectural lighting, as well as associated installation and maintenance services. The USD 9.4 billion market size reflects the substantial demand for outdoor lighting solutions on a global scale and suggests that this industry is a significant contributor to the global economy, providing opportunities for businesses, employment, and innovation within the lighting sector.
The outdoor lighting market is projected to reach USD 25.2 billion by 2025.
The statistic that the outdoor lighting market is projected to reach USD 25.2 billion by 2025 indicates the expected size and value of the market for outdoor lighting products and services by the year 2025. This projection suggests a significant growth opportunity in the outdoor lighting industry, with an estimated market value of USD 25.2 billion. This could be driven by factors such as increasing infrastructure development, urbanization, energy efficiency initiatives, and technological advancements in outdoor lighting solutions. Such projections are essential for businesses, policymakers, investors, and stakeholders to understand the potential market size, trends, and opportunities in the outdoor lighting sector.
The outdoor lighting market is expected to register a CAGR of 8.4% between 2020 and 2025.
This statistic indicates that the outdoor lighting market is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.4% over the period from 2020 to 2025. CAGR is a measure of the annual growth rate of an investment or market over a specified time period, assuming that the growth happens at a steady rate. A CAGR of 8.4% suggests a strong and consistent growth trend in the outdoor lighting market, indicating increasing demand for outdoor lighting solutions and products. This growth rate signifies potential opportunities for businesses operating in the outdoor lighting industry and reflects a positive outlook for the market in the coming years.
North America dominated the outdoor lighting market with a share of 34.0% in 2018.
The statistic indicates that North America accounted for the largest proportion of the outdoor lighting market in 2018, holding a share of 34.0%. This means that more than a third of the total market for outdoor lighting products and services was attributed to North America during that year. This dominance suggests that North America was a key player in the outdoor lighting industry, outperforming other regions in terms of market size and potentially reflecting higher demand, greater investment, or stronger capabilities in outdoor lighting technologies and infrastructure within the region.
Asia Pacific region is set to witness substantial growth in the outdoor lighting market as it projected to grow at a CAGR of 11.1% from 2019 to 2025.
The statement suggests that the outdoor lighting market in the Asia Pacific region is expected to experience significant expansion over the specified period. The Compound Annual Growth Rate (CAGR) of 11.1% indicates the average annual growth rate of the market between 2019 and 2025. This forecast reflects optimistic expectations for increased demand, likely driven by factors such as urbanization, infrastructure development, and rising awareness of energy-efficient lighting solutions in the region. The projected growth rate indicates a positive outlook for the outdoor lighting industry in Asia Pacific, suggesting potential opportunities for businesses operating within this market segment.
Street lighting was the largest application segment in 2018 with revenue of USD 4.9 billion.
The statistic “Street lighting was the largest application segment in 2018 with revenue of USD 4.9 billion” indicates that out of all the various applications in the lighting industry in 2018, street lighting generated the highest revenue. This suggests that street lighting solutions, such as LED streetlights or smart lighting systems for public roads and highways, were in high demand and contributed significantly to the overall market revenue for that year. The revenue amount of USD 4.9 billion further highlights the economic importance and scale of the street lighting market segment, emphasizing its dominance and impact within the broader lighting industry landscape.
LED technology is expected to exhibit the fastest growth in the outdoor lighting market, registering a CAGR of 9.0% from 2019 – 2025.
The statistic indicates that LED technology is projected to experience the most rapid expansion within the outdoor lighting industry, with a compound annual growth rate (CAGR) of 9.0% expected between 2019 and 2025. This growth rate suggests a steady and consistent increase in the adoption of LEDs for outdoor lighting applications over the specified period. The high CAGR signifies a strong demand for LED technology in outdoor lighting solutions, driven by factors such as energy efficiency, cost savings, longer lifespan, and environmental sustainability. This growth trend highlights the increasing preference for LED lighting solutions over traditional lighting sources, signaling a significant transformation in the outdoor lighting market towards more advanced and sustainable technology.
Philips Lighting is the largest supplier in the global outdoor lighting market, with the market share of about 13%.
The statistic suggests that Philips Lighting holds the leading position in the global outdoor lighting market, capturing approximately 13% of the market share. This indicates that among all the companies operating in the outdoor lighting industry worldwide, Philips Lighting has the largest market presence. The 13% market share signifies the proportion of total outdoor lighting sales attributed to Philips Lighting, showcasing the company’s significant reach and influence within the market. This statistic highlights Philips Lighting as a key player in the outdoor lighting sector, potentially indicating its strong brand reputation, product offerings, distribution channels, and overall competitive advantage compared to other industry competitors.
The public gardens illumination outdoor luminaire market size in 2019 stood at USD 3,481.0 Million.
The statistic indicates that in the year 2019, the market size for outdoor luminaires used for public gardens illumination amounted to USD 3,481.0 million. This figure represents the total value of sales within this specific market segment for that particular year. It suggests the significant demand and expenditure on outdoor lighting solutions focused on public garden areas, which could be influenced by various factors such as urban development projects, increasing focus on aesthetics and safety in public spaces, technological advancements in lighting, and the overall growth of the construction and infrastructure sectors. The market size figure provides valuable insights into the scale and importance of the outdoor luminaire industry specifically catering to public garden lighting needs in 2019.
The outdoor lighting market in North America generated a revenue of USD 3.19 billion in 2019.
The statistic “The outdoor lighting market in North America generated a revenue of USD 3.19 billion in 2019” indicates the total amount of money earned by companies in North America from the sales of outdoor lighting products and services in that year. This figure represents the significant size and economic importance of the outdoor lighting industry in the region during 2019. It reflects the demand for outdoor lighting solutions in various sectors such as residential, commercial, and industrial settings, highlighting the market’s growth potential and relevance in the region’s economy. Additionally, this statistic serves as a key indicator for tracking trends, evaluating market performance, and making strategic business decisions within the outdoor lighting sector in North America.
Roadway lighting covered up to 54% share in the outdoor LED lighting market in 2016.
The statistic indicates that roadway lighting accounted for up to 54% of the total market share in the outdoor LED lighting industry in 2016. This means that more than half of the outdoor LED lighting products sold and used that year were specifically designed for illuminating roadways. This information is important for understanding the distribution and demand within the outdoor LED lighting market, highlighting the significance of roadway lighting as a sector within the industry. It suggests that there is a substantial market for LED lighting solutions in roadway applications, potentially driven by factors such as energy efficiency, durability, and cost-effectiveness compared to traditional lighting options.
Solar outdoor LED lights are expected to double in sales by 2023.
The statistic that solar outdoor LED lights are expected to double in sales by 2023 indicates a significant growth trend in the market for these products. This projection suggests that the demand for environmentally friendly outdoor lighting solutions is increasing, driven by factors such as rising awareness of sustainability issues and the benefits of solar energy. The doubling of sales also reflects the potential for technological advancements, cost reductions, and expanding adoption of solar LED lighting solutions in residential, commercial, and municipal applications. This growth trend highlights the shift towards more energy-efficient and eco-friendly outdoor lighting options, showcasing a positive outlook for the industry in the coming years.
The residential outdoor lighting market is expected to witness a CAGR of 6.0% from 2019 to 2025.
This statistic indicates that the residential outdoor lighting market is projected to experience a Compound Annual Growth Rate (CAGR) of 6.0% from the year 2019 to 2025. The CAGR is a smoothed annualized growth rate that provides a steady rate of return over a specified period. In this context, it suggests that the market for residential outdoor lighting is anticipated to grow at a consistent pace of 6.0% per year during the specified time frame. This growth rate signifies a positive trend in demand for outdoor lighting solutions for residential properties, likely driven by factors such as increasing emphasis on aesthetics, security, energy efficiency, and technological advancements in lighting products.
The high-pressure sodium technology in the outdoor lighting market is projected to decline at a CAGR of 4.6% from 2019 to 2025.
The statistic indicates that the high-pressure sodium technology in the outdoor lighting market is expected to experience a compound annual growth rate (CAGR) decline of 4.6% from 2019 to 2025. This means that over the specified period, the market for outdoor lighting using high-pressure sodium technology is projected to contract annually by an average of 4.6%. This decline could be driven by various factors such as technological advancements leading to the adoption of more energy-efficient and cost-effective lighting solutions, changing consumer preferences, or regulatory mandates promoting the use of alternative lighting technologies. Companies operating in this market may need to adapt to these changing dynamics to remain competitive and capture emerging opportunities.
The outdoor lights product category is expected to double in size from 2021 to 2026.
The statistic indicates that the outdoor lights product category is projected to experience a significant growth rate, with expectations for its size to double from the year 2021 to 2026. This substantial increase suggests a growing demand for outdoor lighting products over the next five years, indicating potential trends in consumer preferences, technological advancements, or market expansions that would drive such expansion. This information can be valuable for businesses operating in the outdoor lighting industry, helping them to anticipate and prepare for the expected growth in the market segment.
The outdoor lighting industry in the Middle East & Africa region is predicted to grow at a CAGR of 8.5% from 2021 – 2026.
This statistic indicates that the outdoor lighting industry in the Middle East & Africa region is expected to experience a Compound Annual Growth Rate (CAGR) of 8.5% between the years 2021 and 2026. This means that the industry is forecasted to expand steadily at an average rate of 8.5% per year during this time period. The growth projection suggests that there is increasing demand for outdoor lighting solutions in the Middle East & Africa region, likely driven by factors such as urbanization, infrastructure development, and adoption of energy-efficient lighting technologies. Stakeholders in the industry, including manufacturers, suppliers, and investors, may consider this growth trend when making strategic decisions and investments in the outdoor lighting market for the coming years.
Lighting controls are predicted to hold more than 20% of the outdoor lighting market share by 2026.
The statement suggests that lighting controls are expected to account for more than one-fifth of the outdoor lighting market by the year 2026. This prediction indicates a significant growth in the adoption and utilization of lighting control technologies for outdoor lighting applications. The increasing trend towards energy efficiency, sustainability, and smart technology integration in lighting solutions is likely driving this projected market shift. Businesses and consumers are increasingly recognizing the benefits of using lighting controls such as sensors, timers, and dimmers to enhance energy savings, improve lighting quality, and provide greater control over outdoor lighting systems. Consequently, it is anticipated that lighting controls will play a substantial role in shaping the future landscape of the outdoor lighting industry.
References
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