United States – Infinity Business Insights has recently released a comprehensive research report titled “Outdoor Lighting Solutions Market Insights, up to 2030,” comprising over 110 pages and featuring well-illustrated tables and charts for clarity. Within this study, you will discover emerging trends, key drivers, obstacles, and opportunities that pertain to the market’s various stakeholders. The growth of the Outdoor Lighting Solutions market has been predominantly fueled by the global surge in research and development expenditures.
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Major players profiled in the study are: TE Con​​nectivity, Ligman Lighting USA Inc, CU Phosco Lighting, BOE Technology, Wipro Lighting, Rossen Landscape, Lumark, L.D. Kichler Co., Inc., Hubbell Incorporated, Legrand, TimberLab Solutions Ltd, LSI Industries, NiteLites, Romney Lighting, Excled Technology
Market Overview:
The global outdoor lighting solutions market is projected to grow at a CAGR of 8.0% from 2023 to 2030, reaching a value of USD 28.42 billion by 2030. The Outdoor Lighting Solutions Market is booming as urban planners, governments, and companies embrace energy-efficient and smart lighting solutions to improve outdoor safety, aesthetics, and sustainability. Outdoor lighting solutions include a variety of technologies, such as LED lights, sensors, and sophisticated control systems, which enable effective and responsive illumination of streets, parks, and public places. The need for outdoor lighting solutions is rising as the focus on energy saving and smart city projects grows. The Outdoor Lighting Solutions Market is positioned for continued growth as communities aim to improve public areas, decrease energy consumption, and increase security, contributing to safer and more environmentally friendly urban environments.
Market Segmentation:
By Types:
Street Lighting
Architectural Lighting
Public Facility Lighting
Others
By Application:
Industrial
Commercial
Residential
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Outdoor Lighting Solutions Market Challenges and Opportunities:
The outdoor lighting solutions market faces challenges in terms of energy efficiency regulations, environmental concerns, and the need for smart and sustainable lighting systems. However, it offers opportunities for providers to capitalize on the increasing demand for energy-efficient LED technology, smart city initiatives, and decorative and architectural lighting. The market can expand by offering solar-powered options and integrating IoT for remote monitoring and control. Success depends on delivering innovative, cost-effective, and environmentally friendly lighting solutions while adhering to regulations and meeting the aesthetic and functional needs of various outdoor spaces. As cities modernize, this market plays a vital role in enhancing safety, aesthetics, and sustainability.
Outdoor Lighting Solutions Market by Region:
Research Methodology:
This study follows a robust research methodology, involving data collection through data collection modules with a large sample size. The collected data undergoes analysis using statistical and coherent models to derive meaningful insights. The market report includes key components such as market share analysis and key trend analysis. To ensure accuracy and reliability, Infinity Business Insights’ research team employs a data triangulation approach, combining data mining, analysis of data variables’ impact on the market, and validation through primary sources such as industry experts. Various data models, including the Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, and Asia-Pacific vs. Regional & Vendor Share Analysis, are utilized. For further inquiries, an analyst call can be requested.
The Outdoor Lighting Solutions market report addresses several essential inquiries, including:
What’s New for 2023?
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Table of Content:
1.Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2.Outdoor Lighting Solutions Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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