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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 275
Countries covered: 18
Pages: 225
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Outdoor Lighting Market
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Outdoor Lighting Market Size
The global outdoor lighting market was valued at USD 39.4 billion in 2024 and is projected to grow at a CAGR of 5 % between 2025 and 2034. The demand for outdoor lighting continues to experience a sharp increase due to things such as urbanization, new energy focused infrastructure developments, and overall attention towards energy efficiency.
Governments across the globe are developing and undertaking large-scale civic projects focused on the installation of smart lighting systems at outdoor amenities like streets and parks. These technologies serve multiple purposes such as smart energy management, enhanced public safety, design enhancement, and overall beauty uplift. India’s Smart Cities Mission and the Green Cities Program by the European Union aim for the implementation of energy-efficient LED and solar lights into city infrastructures. Increased activities in real estate and commercial construction are set to increase demand for outdoor lighting in North America.
In newly developing economies across the globe, the increase in infrastructural and residential construction has significantly enhanced the demand for outdoor lighting systems for the purposes of security and functionality, as well as enhancing the property’s overall value. Furthermore, newer consumer trends, which lean towards highly automated and self-sustaining solutions, have also boosted the market growth with the introduction of new technologies like IoT-based lighting systems and motion sensors. Apart from that, this also indicates a global shift towards enhanced outdoor living as a result of the growing popularity of gardens, yards, and other recreational landscapes, which in turn, has created a demand for sophisticated residential as well as commercial utility based decorative lighting systems.
Outdoor Lighting Market Trends
Outdoor Lighting Market Analysis
Based on bulb type, the outdoor lighting industry is segmented as LED, incandescent, halogen, compact fluorescent, and others. The LED segment was valued at USD 12.3 billion in 2024 and is projected to reach USD 20.7 billion by 2034.
Based on price range, the outdoor lighting market is segmented as low (Below $500), medium ($500-1,500), high (Above $ 1500). The medium ($500-1,500) segment was valued at USD 13.6 billion in 2024 and is anticipated to grow with a CAGR of 4.9% during 2025 to 2034.
Based on applications, the outdoor lighting market is segmented residential and commercial. The commercial segment was valued at USD 32.3 billion in 2024 and is anticipated to grow with a CAGR of 5% during 2025 to 2034.
China dominated the Asia Pacific outdoor lighting market, which was valued at USD 4.4 billion in 2024 and is estimated to grow at a CAGR of 5.5% from 2025 to 2034.
The demand stemming from new residential constructions, which is supported by the middle-class population, is further amplified by outdoor lighting’s aesthetic values combined with practical usage. Additionally, heightened availability of solar and LED lighting technologies in combination with government subsidization and the proliferation of ecommerce platforms is accelerating market growth.
The U.S. outdoor lighting market is expected to experience significant and promising growth at a CAGR of 4.7% from 2025 to 2034.
The Germany outdoor lighting market is expected to experience significant and promising growth at a CAGR of 4.7% from 2025 to 2034.
The South Africa outdoor lighting market is expected to register at a CAGR of 4.9% from 2025 to 2034.
Outdoor Lighting Market Share
Outdoor Lighting Market Companies
Major players operating in the outdoor lighting industry include:
Cree, Inc. is working on LED technologies for street and parking lot illumination that provides increased brightness, decreased energy usage, and longer life. Also, Eaton Corporation is developing smart systems for outdoor lighting focused on detection and control wireless features which increase safety and energy efficiency for municipal use.
Cabilao’s subsidiarity, Acuity Brands Lighting, is advancing street and architectural luminaires with greater use of recyclables and energy consuming LEDs. Moreover, Hinkley Lighting has designed solar powered and dark sky compliant light fixtures which light pollution and their environmental footprint increasing sustainable practices.
Outdoor Lighting Market News
The outdoor lighting market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Product
Market, By Price Range
Market, By Bulb Type
Market, By Lumen Output
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: