Global Outdoor Led Lighting Market Size & Outlook
Global outdoor led lighting market, 2018-2030 (US$M)
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Global outdoor led lighting market highlights
- The global outdoor led lighting market generated a revenue of USD 25,925.0 million in 2023 and is expected to reach USD 59,198.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.5% by 2030.
- In terms of segment, luminaires accounted for a revenue of USD 15,202.9 million in 2023.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 25,925.0 million |
| Market revenue in 2030 | USD 59,198.0 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Luminaires |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaires |
Other key industry trends
- In terms of revenue, the North America accounted for 14.4% of the global outdoor led lighting market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 5,555.2 million by 2030.
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Outdoor LED Lighting Market Scope
Outdoor LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global outdoor led lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to outdoor led lighting market will help companies and investors design strategic landscapes.
Luminaires was the largest segment with a revenue share of 58.64% in 2023. Horizon Databook has segmented the Global outdoor led lighting market based on lamps, luminaires covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Outdoor LED Lighting Product Outlook (Revenue, USD Million, 2018-2030)
- Lamps
- Luminaires
- Global Outdoor LED Lighting Installation Type Outlook (Revenue, USD Million, 2018-2030)
- New
- Retrofit
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Our clientele includes a mix of outdoor led lighting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global outdoor led lighting market , including forecasts for subscribers. This global databook contains high-level insights into Global outdoor led lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global outdoor led lighting market size, by region, 2018-2030 (US$M)
Top 10 countries: Outdoor led lighting market size, 2023 (US$M)
Global outdoor led lighting market share, by product, 2023 & 2030 (%, US$M)
Outdoor led lighting market: Opportunity assessment by country
Global outdoor led lighting market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,345.5 | 1,623.8 | 1,610.1 | 1,907.2 | 2,248.4 | 2,626.6 | 3,026.6 | 3,448.8 | 3,895.6 | 4,373.6 | 4,894.7 | 5,464.4 | 6,082.2 | 12.8% |
| Europe | 3,226.9 | 3,828.0 | 3,731.3 | 4,344.8 | 5,035.4 | 5,782.5 | 6,550.1 | 7,337.2 | 8,146.8 | 8,991.5 | 9,892.0 | 10,856.0 | 11,878.4 | 11.0% |
| North America | 2,134.2 | 2,518.8 | 2,442.9 | 2,830.0 | 3,263.2 | 3,728.3 | 4,201.8 | 4,682.8 | 5,173.1 | 5,680.5 | 6,217.7 | 6,789.0 | 7,390.6 | 10.4% |
| MEA | 1,146.1 | 1,396.8 | 1,398.9 | 1,673.5 | 1,992.7 | 2,351.1 | 2,736.2 | 3,148.9 | 3,592.3 | 4,073.4 | 4,604.2 | 5,191.4 | 5,835.9 | 14.2% |
| Asia Pacific | 5,561.6 | 6,788.1 | 6,804.3 | 8,144.0 | 9,697.3 | 11,436.5 | 13,299.0 | 15,287.1 | 17,411.9 | 19,705.4 | 22,222.5 | 24,990.9 | 28,010.9 | 13.8% |
| Overall | 13,414.3 | 16,155.5 | 15,987.5 | 18,899.5 | 22,237.0 | 25,925.0 | 29,813.7 | 33,904.8 | 38,219.7 | 42,824.4 | 47,831.1 | 53,291.7 | 59,198.0 | 12.5% |
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