Outdoor Landscape Lighting Market in North America to grow by USD 147.51 million from 2021 to 2026

The outdoor landscape lighting market in North America is expected to grow by USD 147.51 million from 2021 to 2026. However, the growth momentum will progress at a CAGR of 5.22% during the forecast period, according to Technavio.

The outdoor landscape lighting market in North America is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  

The outdoor landscape lighting market in North America is fragmented, and the degree of fragmentation will accelerate. The growing demand for led lighting for different applications will offer immense growth opportunities. However, the poor performance of LED lighting products at high temperatures will hamper the market growth.

The growing demand for LED lighting for different applications is notably driving market growth. The steady decline in the average selling price (ASP) of LED lighting is anticipated to have a favorable influence on its penetration and market size considerably, both in the residential and commercial sectors. The commercial viability of LEDs has increased their use across different applications, including commercial and residential applications. In North America, the outdoor landscape lighting market has a huge number of LED lighting manufacturers like General Electric Company and Cree, Inc. The adoption of LED lighting in the office and residential sectors has expanded in developing countries like the US and Canada due to the additional advantages of LED technologies, such as low energy consumption and low operating cost compared to conventional lighting products.

The poor performance of LED lighting products at high temperatures will be a major challenge hindering market growth. Since LED lights operate on electricity, which generates heat, the continuous transmission of current leads to deviations in the light output of an LED as a function of its junction temperature. The performance of LED chips and their related products is inversely proportional to the temperature higher the temperature the lower the LED performance. Consequently, high temperatures involve the risk of imminent mechanical failure or a considerable drop in the LED lighting's performance. Factor such as high cost of LED lighting products is anticipated to pose a challenge to the overall growth of the outdoor landscape lighting market in North America.