The report encompasses the major developments within the Global Outdoor Lighting Market amidst the novel COVID-19 pandemic. The report offers a thorough understanding of the different aspects of the market that are likely to be feel the impact of the pandemic.

Market Synopsis
The global market for outdoor lighting was valued at USD 9.4 billion in 2018; it is expected to reach USD 25.2 billion by the end of the forecast period at a CAGR of 15.0%.

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Currently, outdoor lighting is used to add aesthetic appeal and increase safety and security. Global industry players are expanding their market reach through the development of innovative solutions in outdoor lighting portfolio. The vendors of the outdoor lighting systems provide various advanced solutions to the users with easy and smart control operation, better energy efficiency, and superior illumination with low power consumption.

Growing adoption of energy-efficient and affordable products and increasing government focus on energy conservation is expected to drive the outdoor lighting market during the forecast period. However, high import duties on lighting solutions can restrain the market during forecast period. Development of wireless technologies for outdoor lighting systems and the adoption of IoT technology for smart street lighting and smart city projects are expected to create growth opportunities in the outdoor lighting market. Philips offers various outdoor lighting products for a number of end-use applications such as road and urban lighting, floodlighting in sports arenas tunnel and underpass lighting, and landscape lighting which are easy to install and provide a high level of illumination.

Key Developments
In July 2019, Evluma launched a higher-performance OmniMax LED replacement lamp for decorative streetlights. This lamp offered built-in Bluetooth connectivity and instant dimming. This lamp carries 20kv/10kA surge protection, active cooling, and comes with a 10-year warranty.
In August 2018, Cree Inc. launched XLamp XP-G3 S Line LED with high-power LED technology for long lifespan designed for industrial, parking, and roadway applications. This lamp provides better reliability through dimming and switching cycles and improved resistance to sulfur exposure and high light output.
Municipality of Gdansk-Zaspa- Park JPII, located in Pomerania, implemented a street lighting project for environment projection and water management. However, dimming and control measures are implemented to save energy and reduce the total operational hours of the system.
Segmentation
The global outdoor lighting market has been segmented based on lighting type, distribution channel, application, and region.

By lighting type, the outdoor lighting market has been segmented into LED lamps, HID lamps, plasma lamps, and fluorescent light.

By distribution channel, the outdoor lighting market has been segmented into retail and commercial.

By application, the outdoor lighting market has been segmented into street lighting, highways, stadiums, parking lots, tunnel lights, parks, and others.

By region, the outdoor lighting market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Regional Analysis
Globally, the outdoor lighting market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is expected to dominate the outdoor lighting market during the forecast period. Presence of global players such as Philips Lighting and Osram Licht AG and government initiatives in the favor of smart lighting control systems are expected to dominate the outdoor lighting market in this region.

Asia-Pacific is expected to be at the second position and grow at a faster rate during the forecast period due to various infrastructure development projects such as smart cities across the region. Countries such as China, Japan, South Korea, and India are expected to dominate the outdoor lighting market during the forecast period.

North America is expected to occupy the third position in terms of market share due to the early adoption of the latest technologies and presence of global players such as Cree Inc. and General Electric Company. The US is expected to dominate the outdoor lighting market during the forecast period. However, Canada is expected to grow at a higher rate during forecast period.

Global Outdoor Lighting Market, USD Billion

Source: MRFR Analysis

Competitive landscape
The global outdoor lighting market consists of various global, regional, and local service providers who are continuously evolving their product portfolio to enhance their market positions. The major players are likely to strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding the reach of their solutions during the review period. Improvements in the global economic scenario combined with technological advancements in the emerging economies in India, South Africa, China, Brazil, and Argentina, are likely to fuel the market growth, thereby making it an ideal time for the vendors to expand the outdoor lighting market to untapped geographies and increase the market share.

Therefore, vendors must develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market.

Key Players
The key players in the outdoor lighting market are Philips Lighting Holding B.V.(The Netherlands), General Electric Company (US), Osram Licht AG (Germany), Cree, Inc. (US), Eaton Corporation PLC (Ireland), Hubbell Incorporated (US), Dialight PLC (US), Zumtobel Group AG (Austria), Syska (India), Virtual Extension (Israel), Evluma (US) Halco Lighting Technologies (US), and Masco Corporation (US) among others.

Intended Audience
Component Manufacturers
Semiconductor Vendors
System Integrators
Distribution Centers
Software Developers
Manufacturing Companies
Research Institutes and Organizations
Technology Standards Organizations
DC
Outdoor lights
Garden lights
Outdoor wall lights
Outdoor LED lighting
Outdoor LED lamps
Landscape lighting
Solar wall lights
Exterior lighting
LED outdoor wall lights
HID outdoor lamps
Plasma outdoor lamps
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