Outdoor landscape lighting market: Growth opportunities led by Acuity Brands Inc, ALLIANCE Outdoor Lighting, Cast Lighting

NEW YORK, Jan. 10, 2023 /PRNewswire/ — The outdoor landscape lighting market size is forecast to increase by USD 704.78 million from 2022 to 2027, at a CAGR of 6%, according to the recent market study by Technavio. The growth of the market will be driven by the growing demand for LED lighting for different applications, increasing awareness of the benefits of using high-quality and energy-efficient lighting devices, and strong government support for the lighting industry.

Technavio categorizes the global outdoor landscape lighting market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components, and the equipment market cover companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

The market is segmented by application (ATG and underwater), source (LED and traditional), end-user (commercial and residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Segmentation by application (ATG and underwater)

• ATG: The market share growth by the ATG segment will be significant during the forecast period. ATG lights are available in a variety of designs, including floodlights, landscape lights, motion sensor lights, spotlights, lanterns, moonlights, spread lights, wall lights, and deck or step lights. Energy from the sun and low voltage are used to power these lights. Vendors like Cree offer advanced outdoor lighting products, including path lights, step lights, and spotlights. In order to achieve great flexibility and improve installation simplicity, the company creates fixtures from the ground up. Vendors in this market segment are anticipated to embrace LED technology at a moderate rate due to the fact that LED has a long lifespan and is energy-efficient. These factors will improve the market share of this segment during the forecast period.

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Technavio has extensively analyzed 15 major vendors, including Acuity Brands Inc., ALLIANCE Outdoor Lighting, Cast Lighting, Cree Lighting, GE CURRENT A DAINTREE COMPANY, Halco Lighting Technologies LLC, Hubbell Inc., Kichler Lighting LLC, Landscape Forms, LSI Industries Inc, Modern Lighting by Lumens Light and Living, Orbit Lightings, OSRAM GmbH, Oversea Lighting and Electric (M) Sdn. Bhd., Panasonic Holdings Corp., Signify NV, VOLT Lighting, WAC Lighting, Wipro Lighting, and Eaton Corp. Plc

Key benefits for industry players & stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.

• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer landscape – Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.

• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

• Furthermore, market adoption rates for all regions have been covered.

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What are the key data covered in this outdoor landscape lighting market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the outdoor landscape lighting market between 2023 and 2027

• Precise estimation of the size of the outdoor landscape lighting market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the outdoor landscape lighting market across APAC, Europe, North America, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of outdoor landscape lighting market vendors

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Source

8 Market Segmentation by End-user

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Vendor Landscape

13 Vendor Analysis

14 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio