세계의 야외용 LED 조명 시장 : 제품 유형, 용도, 최종사용자, 지역별(2024-2031년)

Outdoor LED Lighting Market Valuation - 2024-2031

The increasing global emphasis on energy efficiency and sustainability propelling the adoption of outdoor LED lighting. Also, advancements in LED technology have LED to improved performance characteristics such as longer lifespan, better durability, and enhanced brightness is driving the market size surpass USD 16.65 Billion valued in 2024 to reach a valuation of aroundUSD 46.83 Billion by 2031.

In addition to this, e increasing urbanization and infrastructure development worldwide spurring up the adoption of outdoor LED lighting. The rising technological innovations such as smart lighting systems and IoT integration is enabling the market to grow at aCAGR of 13.8% from 2024 to 2031.

Outdoor LED Lighting Market: Definition/ Overview

Outdoor LED lighting refers to lighting fixtures that utilize light-emitting diodes (LEDs) to provide illumination in exterior environments. These fixtures are designed to withstand outdoor conditions, offering high durability, efficiency, and a longer operational lifespan compared to traditional lighting technologies. Outdoor LED lighting solutions encompass a wide range of applications including street lighting, area lighting, architectural lighting for buildings and monuments, landscape lighting in parks and gardens, and security lighting for residential and commercial properties.

In terms of applications, outdoor LED lighting is increasingly favored for its energy efficiency and environmental sustainability. Governments and organizations worldwide are adopting LED technology to reduce energy consumption and lower maintenance costs in public spaces and infrastructure. Additionally, the versatility of LED fixtures allows for dynamic lighting designs that enhance aesthetics and visibility in outdoor settings, contributing to safer and more visually appealing urban environments.

Looking forward, the future scope of outdoor LED lighting is promising with ongoing advancements in technology and design. Innovations such as smart lighting systems, IoT integration, and adaptive controls are expected to drive market growth. These developments enable functionalities such as remote monitoring, sensor-based lighting adjustments, and integration with smart city infrastructure for enhanced energy management and operational efficiency.

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How will Rising Global Emphasis on Energy Efficiency and Sustainability Increase Adoption of Outdoor LED Lighting?

The outdoor LED Lighting market is driven by several key factors that contribute to its growth and adoption. The increasing global emphasis on energy efficiency and sustainability has been a major driver. LED technology offers significant energy savings compared to traditional lighting systems, which is particularly attractive for outdoor applications where lighting operates for extended periods. For instance, The U.S. Department of Energy predicts that outdoor LED lighting adoption will reduce energy consumption by 37% by 2035, primarily driven by energy efficiency.

Also, government initiatives and regulations promoting energy-efficient lighting solutions have played a crucial role in driving market growth. Many countries have implemented policies, incentives, and regulations to encourage the adoption of LED lighting in public infrastructure and commercial sectors, contributing to widespread deployment. For instance, The European Union's Ecodesign Directive banned the sale of mercury-containing fluorescent lamps from August 25, 2023, pushing for more LED adoption.

Additionally, the increasing urbanization and infrastructure development worldwide have boosted the demand for efficient and reliable outdoor lighting solutions. LED technology's ability to provide uniform illumination, reduce maintenance costs, and enhance safety in urban and suburban areas has made it a preferred choice for municipalities, businesses, and homeowners alike.

The integration of smart lighting solutions with IoT capabilities is revolutionizing the outdoor LED lighting market. These systems offer remote monitoring, adaptive controls, and energy management features, enhancing efficiency and customization. This innovation is driving global market expansion for smart city initiatives and sustainable urban development projects. For instance, The European Commission allocated over €300 million for smart city projects between 2014-2020 under the Horizon 2020 program, many of which included smart lighting components.

Will High Costs of Outdoor LED Lighting Restrain Its Application?

The Outdoor LED Lighting market faces several restraints that could impact its growth trajectory. The initial cost of LED lighting fixtures is often higher compared to traditional lighting technologies such as incandescent or fluorescent lights. This upfront investment can deter some consumers and organizations from transitioning to LED lighting, despite the long-term savings in energy and maintenance costs.

Also, concerns about the quality and reliability of LED products from lesser-known manufacturers can pose a challenge. Inconsistent product performance, issues with color consistency, and premature failures in LED fixtures may create skepticism among potential buyers and hinder widespread adoption.

Compatibility issues with existing infrastructure and retrofitting challenges can limit the deployment of outdoor LED lighting solutions. Retrofitting older lighting systems to accommodate LED fixtures may require additional investments in infrastructure upgrades or modifications, which could be a barrier for municipalities and businesses considering the switch.

Regulatory complexities and compliance requirements related to outdoor lighting installations can present challenges. Local regulations regarding light pollution, brightness levels, and environmental impact assessments may influence the choice and installation of LED lighting solutions, adding complexity to project planning and implementation. As of 2021, the International Dark-Sky Association reported that at least 18 U.S. states had laws on the books to reduce light pollution, which can impact outdoor LED lighting installations.

Additionally, the perception of LEDs emitting harsh or unnatural light compared to traditional sources like sodium vapor or incandescent lights can affect consumer preferences. Preferences for warmer color temperatures or specific lighting aesthetics in outdoor environments may influence purchasing decisions and limit the adoption of LED technology in certain applications.

Category-Wise Acumens

Which Factors are Contributing to the Dominance of LED Street Lights Segment in Outdoor LED Lighting Market?

LED street lights have emerged as dominant players in the Outdoor LED Lighting market due to several key advantages and trends. Their superior energy efficiency compared to traditional lighting technologies like high-pressure sodium (HPS) and metal halide lamps has been a primary driver. LED street lights consume significantly less energy while providing equivalent or better illumination, resulting in substantial cost savings for municipalities and organizations responsible for public lighting infrastructure.

LED street lights offer longer operational lifespans and reduced maintenance requirements. With lifespans typically exceeding 50,000 hours compared to around 20,000 hours for HPS lamps, LEDs require less frequent replacement of bulbs and fixtures, leading to lower maintenance costs and reduced disruptions in service.

Also, advancements in LED technology have improved the quality of illumination and lighting performance. LEDs provide better color rendering, more uniform light distribution, and options for customizable lighting solutions such as dimming and adaptive controls. These features enhance visibility, safety, and aesthetics in urban and suburban environments, driving preference among city planners and residents alike.

Furthermore, the environmental benefits of LED street lights, including reduced carbon emissions and lower light pollution, align with global efforts towards sustainability and smart city initiatives. LEDs emit directional light, minimizing wasted light and reducing the impact on nocturnal ecosystems compared to older lighting technologies, which scatter light in multiple directions. The Climate Group reported in 2018 that LED street lighting could reduce CO2 emissions by up to 70% compared to conventional lighting.

Which Factors Enhance the Use of Outdoor LED Lighting in Street and Road Lighting?

Street and road lighting have emerged as dominant segments within the Outdoor LED Lighting market due to several compelling factors. The global push towards energy efficiency and sustainability has accelerated the adoption of LED technology in street and road lighting applications. LED fixtures offer significant energy savings compared to traditional lighting sources such as high-pressure sodium (HPS) and metal halide lamps, reducing operational costs and carbon footprints for municipalities and transportation authorities.

Also, the superior performance characteristics of LED street and road lights contribute to their dominance. LEDs provide high efficacy, better color rendering, and longer operational lifespans, resulting in reduced maintenance requirements and improved reliability. These attributes ensure consistent illumination levels and enhance visibility, safety, and comfort for road users and pedestrians.

Furthermore, advancements in LED technology have facilitated customized lighting solutions tailored to meet specific roadway requirements. LED fixtures offer options for adjustable brightness levels, directional light distribution, and precision optics to minimize light spillage and glare. This versatility allows municipalities to optimize lighting designs for different road types, traffic conditions, and urban landscapes.

Also, many governments worldwide are committed to reducing energy consumption and carbon emissions as part of broader sustainability goals. LED street lights are significantly more energy-efficient than traditional lighting technologies like high-pressure sodium (HPS) and metal halide lamps, offering immediate and substantial energy savings. For instance, The Indian government's Street Lighting National Programme

(SLNP) reported in 2021 that it had replaced over 11.5 million conventional streetlights with LED lights across India, resulting in estimated energy savings of 7.67 billion kWh per year.

Country/Region-wise Acumens

Will Rapid Urbanization and Infrastructure Development Enhance Adoption of Outdoor LED Lighting in Asia Pacific?

Asia-Pacific has established dominance in the Outdoor LED Lighting market due to several compelling reasons. The region's rapid urbanization and infrastructure development have spurred significant demand for efficient lighting solutions. LED technology's energy efficiency and long lifespan make it a preferred choice for illuminating streets, public spaces, and commercial areas in bustling cities across countries like China, India, Japan, and South Korea.

Also, government initiatives play a crucial role in driving market growth by promoting energy-efficient lighting solutions. Many countries in Asia-Pacific have implemented policies and incentives to accelerate the adoption of LEDs, aiming to reduce energy consumption and meet sustainability goals. These initiatives incentivize both public and private sectors to transition from conventional lighting technologies to LED fixtures. For instance, China's 13th Five-Year Plan (2016-2020) set a goal to reduce energy intensity by 15% by 2020, driving demand for energy-efficient lighting solutions.

Technological advancements in LED lighting have further boosted Asia-Pacific's dominance. Manufacturers in countries such as China and South Korea lead the market with innovations in light output, color rendering, and smart lighting capabilities. These advancements cater to diverse outdoor lighting needs, from street illumination to architectural and landscape lighting, enhancing functionality and performance in various environmental conditions.

Furthermore, the scale of urban expansion and investment in infrastructure projects across Asia-Pacific creates substantial opportunities for LED lighting providers. LED street lights, specifically, are extensively deployed to improve visibility, enhance safety, and reduce carbon emissions in densely populated urban areas. This widespread adoption underscores the region's leadership in deploying cutting-edge lighting technologies to support sustainable urban development.

Will Early Adoption of Technologies in North America Mature Outdoor LED Lighting Market?

Latin America is experiencing rapid growth in the Outdoor LED Lighting market driven by several key factors. Firstly, increasing urbanization and infrastructure development projects across major cities in countries like Brazil, Mexico, and Argentina are boosting demand for modern and energy-efficient lighting solutions. LED technology's ability to offer significant energy savings and longer operational lifespans is particularly appealing in urban environments aiming to reduce operational costs and environmental impact. For instance, Brazil's National Electrical Energy Conservation Program (PROCEL) reported in 2019 that the use of LED technology in public lighting could result in energy savings of up to 50%.

Government initiatives and regulations promoting energy efficiency and sustainability are also contributing to market expansion. Many countries in Latin America have implemented policies and incentives to encourage the adoption of LED lighting in public infrastructure and commercial sectors. These initiatives are aimed at achieving energy savings targets, reducing carbon emissions, and enhancing overall environmental sustainability. For instance, in 2018, Argentina's Ministry of Energy and Mining announced a plan to replace 91,000 street lights with LEDs in Buenos Aires, expecting to reduce energy consumption by 50%.

Technological advancements and innovations in LED lighting solutions are driving the rapid growth in Latin America. Local manufacturers and international suppliers are investing in developing high-quality LED products tailored to meet the region's specific lighting requirements. These advancements include improvements in light output, color rendering, and smart lighting capabilities, addressing the diverse needs of urban and rural communities alike.

Also, the increasing focus on safety and visibility in urban areas is driving the demand for LED street lighting. LEDs are favored for their ability to provide uniform illumination, improve visibility for pedestrians and drivers, and enhance overall public safety. As cities across Latin America prioritize upgrading their lighting infrastructure, LED street lights are becoming integral to urban planning strategies aimed at creating safer and more sustainable urban environments.

Competitive Landscape

The outdoor LED lighting market is a dynamic and competitive space, characterized by a The competitive landscape of the outdoor LED Lighting market is shaped by a diverse array of manufacturers and suppliers striving to innovate and meet the growing demand for energy-efficient lighting solutions. Companies in this sector focus on developing advanced LED technologies that enhance performance, durability, and environmental sustainability. The market is characterized by intense competition driven by technological advancements such as improved efficiency, longer lifespan, and enhanced control features like smart lighting systems and IoT integration. Strategic initiatives including research and development investments, partnerships with urban planners and architects, and geographic expansion into emerging markets contribute to maintaining competitive advantage. Furthermore, regulatory compliance and adherence to sustainability standards play a crucial role in influencing consumer preferences and market positioning, fostering a dynamic and competitive environment within the global outdoor LED Lighting market. Some of the prominent players operating in the outdoor LED lighting market include:

Signify (formerly Philips Lighting)

OSRAM Licht AG

Acuity Brands, Inc.

Cree, Inc.

Zumtobel Group AG

Hubbell Incorporated

Eaton Corporation plc

GE Lighting (a Savant company)

Panasonic Corporation

Feilo Sylvania

Thorn Lighting (a Zumtobel Group company)

Dialight plc

Lutron Electronics Co., Inc.

LEDVANCE GmbH

Zumtobel Group

Fagerhult Group

Holophane Europe Ltd.

Schreder Group

Tungsram Group

Current, powered by GE

Latest Developments

In September 2023, Signify introduced a new series of outdoor LED street lights featuring advanced sensor technology for adaptive lighting control, aimed at enhancing energy efficiency and operational cost savings in urban environments.

In November 2023, Acuity Brands launched a range of outdoor LED lighting solutions with integrated IoT capabilities, enabling remote monitoring and real-time adjustments for optimized performance and sustainability.

In December 2023, OSRAM Licht AG unveiLED a next-generation outdoor LED floodlight series designed to deliver superior illumination and durability for sports stadiums and large public venues, highlighting advancements in light output and environmental resilience.

In January 2024, Cree, Inc. announced the expansion of its outdoor LED area lighting portfolio with new models optimized for parking lots and residential communities, focusing on energy savings and improved visual comfort.

In March 2024, Eaton Corporation plc. partnered with a leading city municipality to deploy a smart outdoor lighting network powered by LED fixtures, enhancing safety and efficiency through advanced control systems and data analytics.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3.Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4.Outdoor Led Lighting Market, By Product Type

• LED Street Lights
• LED Floodlights
• LED Area Lights
• LED Wall Packs
• LED Bollard Lights

5.Outdoor Led Lighting Market, By Application

• Street and Road Lighting
• Area and Site Lighting
• Architectural and Landscape Lighting
• Sports and Stadium Lighting

6.Outdoor Led Lighting Market, By End User

• Commercial
• Industrial
• Residential

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Philips (Netherlands)
• Signify (Netherlands) (formerly Philips Lighting)
• GE Lighting (US)
• Osram (Germany)
• Eaton (Ireland)
• MLS Co., Ltd (China)
• Luxcom Group (China)
• Acuity Brands Lighting & Controls (Hong Kong)
• Evergrande Lighting (China)
• Cree, Inc. (US)
• Dialight (US)
• Amerlux Lighting & Controls (US)
• Musco Lighting (US)

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References