Outdoor Lamps Market Size: Market Outlook and Market Forecast (2024 to 2031)

Executive Summary

The outdoor lamps market research reports indicate a thriving industry with a projected CAGR of % in the forecasted period. The market conditions for outdoor lamps currently show a robust demand driven by increasing outdoor decor trends, growing emphasis on energy-efficient lighting solutions, and rising disposable incomes among consumers.

In terms of market trends, there is a noticeable shift towards sustainable and eco-friendly outdoor lighting options, such as solar-powered lamps. These environmentally conscious choices are gaining popularity among consumers who are looking to reduce their carbon footprint and energy costs. Additionally, smart outdoor lighting systems are becoming more prevalent, allowing for remote control and automation features, further enhancing convenience and energy efficiency.

Geographically, the outdoor lamps market has a strong presence in North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China. In North America, the market is driven by growing demand for aesthetically appealing outdoor lighting solutions. Asia Pacific is witnessing significant growth due to urbanization, infrastructure development, and increasing disposable incomes. Europe is also a key market for outdoor lamps, with a focus on energy-efficient and smart lighting solutions.

The United States is a major player in the outdoor lamps market, with a strong emphasis on smart technology integration and sustainable lighting options. China, being a major manufacturing hub, is also a key contributor to the outdoor lamps market, producing a wide range of products to cater to both domestic and international demand.

In conclusion, the outdoor lamps market shows promising growth prospects with an expected CAGR of 12.6% during the forecasted period. With a focus on sustainability, energy efficiency, and technological advancements, the market is poised for continued expansion across key regions worldwide.

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Market Segmentation:

This Outdoor Lamps Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Outdoor Lamps Market is segmented into:

• Maglite
• Energizer
• Ledlenser
• Acuity Brands
• NVC
• PHILIPS
• OPPLE
• FSL
• LEEDARSON
• Kang Mingsheng
• Kennede Electronics
• TCP
• Panasonic
• HUAYI LIGHTING
• TOSHIBA
• TCL
• Forest Lighting
• Streamlight
• Princeton

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The Outdoor Lamps Market Analysis by types is segmented into:

• Traditional Lighting
• LED Lighting

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The Outdoor Lamps Market Industry Research by Application is segmented into:

• Commercial
• Industrial

In terms of Region, the Outdoor Lamps Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Outdoor Lamps Market

Key drivers in the Outdoor Lamps market include the growing demand for energy-efficient lighting solutions, increasing urbanization and infrastructure development, and rising awareness about the benefits of outdoor lighting. However, barriers such as high initial costs, limited availability of suitable locations for installation, and fluctuating raw material prices can hinder market growth. Additionally, challenges such as rapidly changing technology trends, intense competition among market players, and stringent regulations on energy consumption and environmental impact pose significant obstacles for industry participants to overcome. These factors collectively contribute to the complexity and dynamism of the Outdoor Lamps market.

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Competitive Landscape

One prominent player in the competitive outdoor lamps market is Philips, a Dutch multinational conglomerate that has been a leader in the lighting industry for over a century. With a strong focus on innovation and sustainability, Philips has established itself as a trusted brand in the outdoor lighting market. The company has a global presence and offers a wide range of outdoor lamps, including LED lights, floodlights, and garden lights.

Another key player in the outdoor lamps market is Acuity Brands, a US-based company that is known for its high-quality lighting solutions. Acuity Brands has a diverse product portfolio that caters to both residential and commercial outdoor lighting needs. The company has a strong reputation for innovation and has been at the forefront of developing energy-efficient lighting technologies.

In terms of market growth, the outdoor lamps market has been experiencing steady expansion due to the increasing demand for energy-efficient lighting solutions and the growing popularity of outdoor living spaces. According to market research reports, the global outdoor lighting market is projected to reach a market size of over $20 billion by 2025.

Some of the sales revenue figures for the above-mentioned companies include Philips, which reported a revenue of over $19 billion in 2020, and Acuity Brands, which reported a revenue of over $ billion in the same year. These figures highlight the strong market position of these companies and their ability to capture a significant share of the outdoor lamps market.

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