Landscape Lighting Market Size Is Expected To Reach USD 22.01 Billion By 2030

 San Francisco, 29 Nov 2024: The Report Landscape Lighting Market Size, Share & Trends Analysis Report By Type (LED Lights, High-Intensity Discharge Lamps), By Product (Path Lights, Flood Lights, Wall Lights), By Operation, By Application, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

The global landscape lighting market size is expected to reach USD 22.01 billion by 2030, and growing at a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc.  Increasing urbanization and residential development are significantly boosting the landscape lighting market as more properties require enhanced outdoor aesthetics and security. As cities expand and new residential areas emerge, there is a growing need for lighting solutions that not only beautify outdoor spaces but also provide illumination for safety and security. Homeowners and developers are investing in landscape lighting to create appealing environments that improve curb appeal, highlight architectural features, and ensure safe navigation through outdoor areas. This trend drives market growth by increasing demand for various lighting options, from decorative fixtures to security-focused systems, catering to both functional and aesthetic need.

Innovations like smart lighting systems, LED technology, and solar-powered lights are revolutionizing the landscape lighting market by enhancing energy efficiency and versatility. Smart lighting systems offer remote control and automation features, allowing users to customize and manage their outdoor lighting more conveniently. LED technology provides long-lasting, low-energy solutions with a range of color options, reducing operational costs and environmental impact. Solar-powered lights offer sustainable lighting options without the need for electrical wiring, appealing to eco-conscious consumers. These advancements not only improve the functionality and appeal of landscape lighting but also drive market growth by meeting the increasing demand for energy-efficient, adaptable, and environmentally friendly solutions.

Increased investment in commercial and public spaces, such as parks, pathways, and retail areas, drives the landscape lighting market by creating a greater need for high-quality lighting solutions. As cities and businesses focus on enhancing the aesthetics, safety, and functionality of these spaces, there is a rising demand for sophisticated lighting systems that improve visibility, highlight architectural features, and contribute to a welcoming atmosphere. This investment not only boosts the adoption of various lighting technologies but also stimulates market growth by encouraging innovation and expanding the range of products available to meet the diverse needs of commercial and public environments.

Key players in the landscape lighting market drives market growth by fostering innovation and enhancing product offerings. Leading companies, such as Philips Lighting (Signify), Cree, and Kichler, engage in continuous research and development to introduce advanced lighting solutions and capture market share. For instance, Philips Lighting's integration of smart lighting technology and energy-efficient LEDs sets a high standard, prompting competitors to innovate and improve their own products. This competitive environment stimulates advancements in design, functionality, and energy efficiency, ultimately expanding consumer choice and driving overall market expansion.

Access Research Report of Landscape Lighting Market @ https://www.grandviewresearch.com/industry-analysis/landscape-lighting-market-report

Landscape Lighting Market Report Highlights

• The LED landscape lighting is driven primarily by its superior energy efficiency and long lifespan, which significantly reduce maintenance costs and energy consumption compared to traditional lighting options. Additionally, LED technology offers versatility in design, color temperature, and brightness, allowing for a wide range of aesthetic and functional applications in outdoor settings.
• Based on product, the deck & step lights are expected to witness significant growth over the forecast period. The growth is driven by the increasing demand for enhanced outdoor safety, aesthetic appeal, and functionality in residential and commercial spaces.
• The demand for landscape lighting in commercial setting held substantial market share. The segment growth is primarily driven by the need to enhance safety and security by illuminating walkways, parking lots, and building exteriors. Additionally, it boosts aesthetic appeal and brand visibility, attracting customers and creating a welcoming environment.
• Based on distribution channel, the sale of landscape lighting through online channels is driven by the convenience of shopping from home and the ability to compare prices and products easily. Additionally, online reviews and detailed product descriptions help consumers make informed decisions, boosting their confidence in purchasing.
• In North America, the landscape lighting market is driven by increased demand for outdoor living spaces and home improvement projects, which boost interest in enhancing property aesthetics and security. Additionally, advancements in energy-efficient LED technology and smart lighting systems contribute to market growth by offering cost-effective and customizable lighting solutions.

Landscape Lighting Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 13.20 billion
Revenue forecast in 2030	USD 22.01 billion
Growth rate (Revenue)	CAGR of 8.9% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030

List of Key Players of Landscape Lighting Market

• Signify Holding.
• Kichler Lighting LLC.
• SGH company (Cree LED)
• Acuity Brands, Inc.
• Hubbell
• OSRAM GmbH
• Zumtobel Group
• Virtual Extension
• Eaton
• SAVANT TECHNOLOGIES LLC. (GE)

Access Press Release of Landscape Lighting Market @ https://www.grandviewresearch.com/press-release/global-landscape-lighting-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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