These lights generally have a high tolerance towards environmental factors, such as sun and rain. Outdoor LED lighting refers to LED lights that are designed for outdoor applications, such as those on the patio or streets. Most LED lights are accompanied by a heat sink to efficiently dissipate the heat produced and reduce the chances of performance issues. In LEDs, an electrical current pass through the inbuilt microchip, illuminating the light sources called LEDs and producing visible light as a result of the same. Revenue forecast, Company Analysis, Industry landscape, Growth factors, and TrendsĬompared to incandescent light bulbs, LED lights can produce light up to 90% more efficiently. North America, Europe, Asia Pacific, Middle East & Africa, South & Central America.Īrgentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States Installation Type, Wattage, Application, and Geography Global Outdoor LED Lighting Market Scope: Thus, the outdoor LED lighting market demand is anticipated to increase during the forecast period. Additionally, there is tremendous growth in urbanization and infrastructural development across the globe, leading to higher demand for streetlights and other outdoor lights. The rising demand for green and energy-efficient lighting is resulting in higher adoption of light-emitting diode (LED) lights for various outdoor applications. Outdoor LED Lighting Market in terms of revenue was estimated to be worth $13.02 billion in 2022 and is poised to reach $21.96 billion by 2030, growing at a CAGR of 6.8% from 2022 to 2030 according to a new report published by The Insight Partners. Such applications are thus strongly utilizing advanced outdoor LED lighting solutions, which also act as a sensor for collecting and disseminating information. Smart cities utilize a combination of the Internet of Things (IoT) devices, user interfaces (UI), software solutions, and communication networks. 05, 2023 (GLOBE NEWSWIRE) - A smart city can be loosely defined as a city that strongly relies on information and communication technologies (ICT) to increase operational efficiency, undertakes information sharing with the public, and strives to improve both citizen’s welfare and the quality of government services. The global outdoor LED lighting market is growing at a CAGR of 6.8% from 2022 to 2030.
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