Home > Consumer Goods & Services > Consumer Electronics > Outdoor Lighting Market

Outdoor Lighting Market Share

Report ID: GMI8670
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Outdoor Lighting Market Share

Outdoor lighting industry seem to be moderately fragmented in nature due to presence of local and global players across the globe. In 2023, the above list of market players such as Signify, Acuity Brands, Inc., Hubbell Incorporated, Cree, Inc., Eaton Corporation, Osram Licht AG, Zumtobel Group and General Electric Company collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Outdoor Lighting Market Companies

Major players operating in the market are:

Acuity Brands, Inc.
Cooper Lighting Solutions
Cree, Inc.
Eaton Corporation
General Electric Company
Hinkley Lighting
Hubbell Incorporated
Kichler Lighting LLC
LEDVANCE GmbH
Lithonia Lighting
Lutron Electronics Co., Inc.
Osram Licht AG
Signify
Thorn Lighting
Zumtobel Group

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for outdoor lighting was valued at around USD 37.4 Billion in 2023 and is estimated to register a CAGR of 5.1% between 2024 and 2032, driven by urbanization and development of infrastructure in urban and suburban areas.

Conventional LED lights segment share was worth USD 11.7 billion in 2023 and is expected to reach USD 18.9 billion by 2032, as they are highly energy-efficient, consuming significantly less energy than traditional lighting technologies.

North America outdoor lighting market value was around USD 7 billion in 2023 and is expected to reach USD 10.8 billion by 2032, driven by increasing emphasis on energy efficiency and sustainability initiatives.

Acuity Brands, Inc., Cooper Lighting Solutions, Cree, Inc., Eaton Corporation, General Electric Company, Hinkley Lighting, Hubbell Incorporated, Kichler Lighting LLC, and LEDVANCE GmbH are some of the major industry contenders.