Outdoor Lighting Market Size
The outdoor led lighting market is projected to reach usd 21 95 billion by 2023 at a cagr of 13 7 between 2017 and 2023.
Outdoor lighting market size. Market values for the outdoor lighting industry worldwide is estimated to be worth around usd 22 5 billion for the year 2018. The global report on outdoor led smart lighting solution market size status growth and forecast 2020 2026. The global outdoor lighting market was valued at 10 7 billion in 2019 and is projected to witness a cagr of 7 3 during the forecast period 2020 2030. Lighting fixtures market size in japan 2010 2018 italy.
The growing adoption of energy efficient lighting solutions increasing government initiatives toward energy efficiency and rising infrastructure development are some key drivers of the outdoor lighting industry. Global outdoor lighting market analysis and forecast 2018 2024 industry insights by technology control and fixture by lighting type light emitting diode led lamps plasma lamps high intensity discharge hid lamps and fluorescent light by distribution channel retail and commercial by application stadiums street lighting tunnel lights parking lots highways and others. Led technology helps offer small and efficient lighting solutions to a diverse set of consumers with power saving and enhanced efficiency. Keeping in mind a few simple tips when selecting your fixtures will greatly enhance the final look and visual appeal of your lighting.
The outdoor led lighting market is expected to register a cagr of over 14 0 during the forecast period 2020 2025. It was just usd 16 7 billion in 2011. The marketwatch news department was not involved in the creation of this content. The global market is segmented based on type application and region.
Market definition market size and forecast. Value of exports of the lighting sector from italy 2018 by country further content. In fact the biggest mistake consumers make when installing new outdoor lighting is purchasing fixtures that are too small. The global outdoor landscape lighting market research report by technavio predicts the market to post a cagr of over 3 during the period 2018 2022.
The market is booming especially.