Outdoor Landscape Lighting Market size is set to grow by USD 746.3 million from 2024-2028

The global outdoor landscape lighting market size is estimated to grow by USD 746.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.02% during the forecast period. growing demand for LED lighting for different applications is driving market growth, with a trend towards rapid advances in technology in lighting industry.

The global outdoor landscape lighting market is experiencing significant progress in lighting technologies. In the residential segment, CFL, incandescent, and halogen lighting technologies currently lead in revenue generation. However, LED technology is anticipated to take over as the primary revenue contributor in both residential and commercial sectors during the forecast period. Technological advancements are focusing on product enhancements, such as improved efficiency and energy savings. This technological shift will encourage vendors to adapt to customer needs, fostering market growth. LED technology continues to evolve, producing brighter and more affordable LEDs. Research and development are prioritized by market competitors, who are also developing LED devices with enhanced electrical tolerance for home applications. As a result, the global outdoor landscape lighting market is projected to exhibit strong growth throughout the forecast period.

The Outdoor Landscape Lighting Market is thriving, with trends leaning towards wireless technologies and wireless lighting control. LED lights segment leads the industry, while Plasma lamps are being phased out. Street lighting, tunnel lights for highways, and parking lot lighting are in high demand. Commercial buildings, parks, stadiums, and events are key markets. Direct sales and retail sales through hypermarkets and specialty stores dominate. Micro-firms use modern technologies like chip-on-board tech and daylight sensors for control systems. CXOs prioritize energy-efficient LED solutions for business sites, public spaces, and university campuses. Durability is crucial in the outdoor environment, making high-end fixtures popular. Real-time monitoring and energy efficiency are essential. High import duties challenge the market, but stimulating moonlights and underlit hardscapes add value. Wireless control systems enhance the Western culture's emphasis on commercial premises and tourism industry.