Outdoor Lighting Market 2023 : By Size, Share, Trends, Growth And Regional Outlook 2032 | Hubbell Incorporated – openPR

Outdoor Lighting Market Research

As per the outdoor lighting market report by The Business Research Company, The increasing adoption of energy-efficient lighting systems is driving the outdoor lighting market. Energy-efficient lighting entails adopting more environmentally friendly lighting solutions such as LEDs and CFL bulbs. It involves using alternative energy sources, such as solar energy, as LEDs use less energy and are best suited for outdoor lighting that solar panels can supply.

The global outdoor lighting market size is expected to grow from $12.44 billion in 2022 to $13.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global outdoor lighting market size is expected to reach $17.97 billion in 2027 at a CAGR of 7.4%.

Read More On The Outdoor Lighting Market Report Here: https://www.thebusinessresearchcompany.com/report/outdoor-lighting-global-market-report

Major competitors in the Outdoor Lighting market include Syska LED Lights Company, Hubbell Incorporated, Eaton Corporation Plc, Acuity Brands Inc., Virtual Extension Ltd., Dialght Pic, General Electric Company, Zumtobel Group AG, Osram Licht AG, Signify Holdings bv, Xylem, Stanley Electric Co. Ltd., Iwasaki Electric Co. Ltd., SMART Global Holdings Inc., Evluma, Halco Lighting Technologies LLC, and Masco Corporation.

The Outdoor Lighting market is segmented - By Type: LED Lights, High-Intensity Discharge (HID) Lamps, Fluorescent Lights, Plasma Lamps

By Component: Fixture, Control

By Application: Street Lighting, Tunnel Lights, Highways, Parking Lots/Decoration, Parks and Stadium, Building Exteriors, Other Applications

By Distribution Channel: Offline, Online

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Outdoor Lighting market.

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Outdoor lighting refers to lighting that is installed on outside premises, such as streets, highways, and alleys. This lighting is used to illuminate dark outdoor areas and enhance outdoor environments' aesthetics.

The Table Of Content For The Outdoor Lighting Market Include: 1. Executive Summary 2. Outdoor Lighting Market Characteristics 3. Outdoor Lighting Market Trends And Strategies 4. Outdoor Lighting Market - Macro Economic Scenario 5. Outdoor Lighting Market Size And Growth 26. Africa Outdoor Lighting Market 27. Outdoor Lighting Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Outdoor Lighting Market 29. Outdoor Lighting Market Future Outlook and Potential Analysis 30. Appendix

The "Global Outdoor Lighting Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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Outdoor Lighting Market 2023 : By Size, Share, Trends, Growth And Regional Outlook 2032 | Hubbell Incorporated - openPR