The global outdoor LED lighting market size is estimated to be USD 25.7 billion in 2022 and is projected to reach USD 51.5 billion by 2027, at a CAGR of 14.9%

The global outdoor LED lighting market is experiencing a remarkable surge, driven by various factors that are transforming the way we light up our surroundings. With increasing urbanization and a growing emphasis on sustainable solutions, LED technology has emerged as a frontrunner in the quest for energy-efficient and eco-friendly lighting systems. In this blog, we will delve into the key factors propelling the market's growth, explore the significant applications of outdoor LED lighting, and shed light on the promising future prospects of this dynamic industry.

Utilization of Smart Lighting Systems in Outdoor Applications:

The way our cities, streets, and public places are lit has been completely transformed by the incorporation of smart lighting systems. Energy savings, greater functionality, and improved control are all features of smart lighting solutions. Remote monitoring, adaptive lighting, and real-time data analysis are made possible by intelligent lighting systems that are fitted with sensors and communication possibilities. This makes it possible to use energy more effectively, regulate the lighting system more effectively, and improve safety and security in public spaces. The market for outdoor LED lighting is expanding as a result of the rising demand for smart lighting solutions.



Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211822268



Surge in Adoption of LED Bulbs and Luminaires for Sustainability:

The way our cities, streets, and public places are illuminated has been transformed by the use of smart lighting systems in outdoor areas. increased functionality, increased energy economy, and improved control are all features of smart lighting solutions. Sensors and networking choices in intelligent lighting systems allow for remote monitoring, adaptive illumination, and real-time data processing. This enables more effective energy use, improved lighting infrastructure management, and improved safety and security in public locations. The expansion of the outdoor LED lighting market is being driven by the rising demand for smart lighting solutions.

Constant Technological Advances Driving Innovation:

The market for outdoor LED lighting is significantly shaped by technological breakthroughs. New and creative LED items are constantly flooding the market. Improved luminous efficacy, colour rendering capabilities, and increased durability are the results of ongoing research and development activities. Furthermore, new opportunities for intelligent controls, remote monitoring, and automation have emerged as a result of the Internet of Things (IoT) and LED lighting system integration. The need for outdoor LED lighting solutions is being fueled by technological breakthroughs that not only increase energy efficiency but also provide better user experiences and customization choices.

A few of the key players in the outdoor LED lighting market are Signify Holding (Netherlands), Acuity Brands Lighting, Inc. (US), Cree Lighting (US), Dialight (UK), and Panasonic Corporation (Japan).



Know more Information @ https://www.marketsandmarkets.com/Market-Reports/outdoor-led-lighting-market-211822268.html



About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441