The Landscape Lighting Market value is estimated to reach USD 15.03 billion in 2022. The market is anticipated to expand at a CAGR of 15.68% over the course of the projected period. Furthermore, by the end of 2032, this market is projected to grow to a value of USD 64.50 billion.
Modern landscape lights are expected to inspire consumers to switch from conventional lighting solutions to LED solutions due to the industry’s improved features. The market’s potential for growth has been further improved by the development of efficient and clever technologies, such as daylight sensors and control systems. Due to the creation of reasonably priced, energy-efficient LED lighting options, the use of LED lights has been expanded to include outdoor illumination. As a consequence of technological advancements (such as the usage of chip-on-board technology), landscape lighting is being employed more often.
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Several landscape lighting trends:
- For a relaxing impact at night, stimulating moonlights are suggested for patios, gardens, and swimming pools. Outdoor lights used to mimic the illumination of a full moon may provide the appearance and feel of actual moonlight even on a gloomy day.
- High-end lighting fixtures are valued for their aesthetics and the way the light draws attention to architectural details. These are frequently noted since they are highly apparent in walkways. These have chosen to emphasize their beauty.
- Hardscapes with under lighting – This style has a nice appearance and is practical. These enhance aesthetic appeal of the underlying stairs to raise walkers’ safety and keep a beautiful appearance.
Key Players:
- Syska LED
- Koninklijke Philips N.V.
- General Electric
- Hubbell
- OSRAM
- Cree Inc.
- Eaton
- Dialight
- Virtual Extension
- Zumtobel Group AG
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Expectations from this report:
When equipped with knowledge of production value, production costs, product value, and more for the next five years, firms can formulate development strategies effectively. To gain a detailed understanding of the market, it is essential to analyse regional distributions and key product categories comprehensively.
Large corporations and mid-level manufacturers in the market generate revenue through various means such as product sales, partnerships, collaborations, licensing, and service offerings. Determining the entry price for new participants entering the market requires thorough market research and analysis, considering factors such as competition, market demand, and pricing strategies of existing players.
By conducting in-depth research on the overall growth of the Landscape Lighting market, firms can make informed decisions on product launches and asset production, evaluating market potential and timing.
Reason to Purchase This Report:
- Outlook for the Landscape Lighting market in developed and emerging markets, considering the present and future scenarios.
- Identification of the market segment expected to have the largest share and the segment with the highest Compound Annual Growth Rate (CAGR) during the projection period.
- Countries and regions anticipated to witness the fastest development and growth throughout the projected period.
- Analysis of the latest innovations, market shares, and business strategies employed by key market players in the Landscape Lighting market.
Market Segmentation:
By Lighting Type:
- High-intensity discharge (HID) lamps
- High-emitting diode (LED) light
- Fluorescent lights
- Plasma lamps
- Others
By Application:
- Streets
- Highways
- Parking lots
- Gardens, parks
- Business parks
- Stadiums
- Tunnels
- Others
By End User:
- Commercial
- Residential
- Industrial
Key Region/Countries are classified as Follows:
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- Latin America (Brazil, Argentina, Colombia, etc.)
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