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Outdoor Lighting Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

The global outdoor lighting market, which generated $10.7 billion in 2019, would grow at a 7.3% CAGR between 2020 and 2030, to reach $23.8 billion by 2030. This is simply because, as more roads and highways are constructed, an increasing number of lighting fixtures would be installed along them. Moreover, the sale of automobiles is surging in developing countries, which is also pushing the rate of road transport infrastructure development.

The COVID-19 pandemic has not only stalled such infrastructure development projects in most of the affected countries, but also halted the supply of the electronic components of lights from original equipment manufacturers (OEMs), especially those in China. In addition, the lockdown measures imposed by the government in numerous countries, including a partial or complete ban on people traveling for leisure purposes, has ill-affected the transportation as well as the travel and hospitality sector, which has, in turn, led to a lower demand for outdoor lighting fixtures.



In the coming years, direct sale is expected to be the more-popular distribution channel for outdoor lighting fixtures. This is because of the growing installation rate of LED streetlights at highways, airports, roads,jogging tracks, parking lots,bridges, and village squares. Private builders, government bodies,and contractors, who are the major procurers of such products, prefer to buy them through the direct sales channels of manufacturing companies, as such projects generally require lighting fixtures in bulk.


Asia-Pacific (APAC) is presently the most productive outdoor lighting market, as this region is the largest manufacturer, distributor, and exporter of energy-efficient lighting systems in the world. Additionally, in several regional nations, initiatives are being taken to replace conventional lights with LEDs; for instance, under the Street Light National Programme (SLNP) launched in 2015, Government of India aims to install 35 million LEDs in place of conventional streetlights.

This market research report provides a comprehensive overview of the outdoor lighting market
  • Historical and the present size of the outdoor lighting market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

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