Global Outdoor LED Lighting Market to Reach $54.7 Billion by 2030

The global market for Outdoor LED Lighting estimated at US$15.9 Billion in the year 2022, is projected to reach a revised size of US$54.7 Billion by 2030, growing at aCAGR of 16.7% over the period 2022-2030.

The Outdoor LED Lighting market in the U.S. is estimated at US$4.3 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2030 trailing a CAGR of 21.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 14.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.