Connect with us

Technology

Future Outlook: Outdoor LED Lighting Market Poised for 6.8% CAGR Growth Between 2024 and 2034: Future Market Insights, Inc.

Published

on

LED lighting’s advantages like visibility, safety, and aesthetics fuel market growth across diverse outdoor applications. Government support, smart city trends, and continuous technology improvements further drive expansion. Explore our report for deeper insights and stakeholder opportunities.

NEWARK, Del., Feb. 15, 2024 /PRNewswire/ — The outdoor LED lighting market is anticipated to reach a valuation of US$ 14 billion in 2024. The industry is projected to be worth US$ 27 billion by 2034, expanding at a CAGR of 6.8% between 2024 and 2034. These fixtures utilize LED technology, which is renowned for its energy efficiency, longevity, and durability. LED lighting has emerged as a preferred choice for outdoor illumination due to its numerous advantages over traditional lighting technologies.

Request Exclusive Sample Report: Outdoor LED Lighting Industry Strategic Insights, https://www.futuremarketinsights.com/reports/sample/rep-gb-18976

Outdoor LED lighting finds extensive usage across diverse settings, including streets, highways, parking lots, landscapes, and architectural lighting. The versatility of LED fixtures allows for effective illumination in various outdoor environments, contributing to enhanced visibility, safety, and aesthetics.

Government initiatives play a crucial role in promoting the adoption of LED lighting. Many governments worldwide offer incentives, rebates, and regulatory mandates to encourage the transition to energy-efficient lighting solutions. These initiatives contribute to market growth by creating a favorable environment for LED adoption and supporting related infrastructure development.

The growing trend toward smart city infrastructure fuels the demand for advanced outdoor lighting systems. LED fixtures can be integrated with smart controls, sensors, and communication networks to enable remote monitoring, adaptive lighting, and energy management. This convergence of LED technology with smart city initiatives drives innovation in the outdoor lighting market and opens up new opportunities for market players.

Advancements in LED technology, such as improved brightness, color rendering, and efficiency, continue to drive market expansion. Market players focus on product innovation to meet evolving customer demands, offering fixtures with features like motion sensors, dimming capabilities, and wireless connectivity.

Outdoor LED Lighting Market Research Report Scope

Attributes

Details

Estimated Market Size in 2024

US$ 14 billion

Projected Market Valuation in 2034

US$ 27 billion

CAGR Share from 2024 to 2034

6.8 %

Forecast Period

2024 to 2034

Historical Data Available for

2019 to 2023

Market Analysis

Value in US$ billion

Key Market Segments Covered

Key Segments of Outdoor LED Lighting Industry Survey

By Offering:

HardwareLampsLuminairesControl SystemsSoftwareServicesPre-installationPost-installation

By Application:

Streets and RoadsArchitecture and Urban LandscapeSports and Large AreaTunnelsOthers

By Installation:

NewRetrofit

By Sales Channel:

Retail/WholesaleDirect SalesE-commerce

By Wattage Type:

Below 50W50-150WAbove 150W

By Communication:

WiredWireless

By Interfacing Standard:

NEMAZHAGA

By Region:

North AmericaLatin AmericaWestern EuropeEastern EuropeSouth Asia and PacificEast AsiaMiddle East and Africa

Key Countries Profiled

The United StatesCanadaBrazilMexicoGermanyThe United KingdomFranceSpain

 

ItalyPolandRussiaCzech RepublicRomaniaIndiaBangladeshAustralia

 

New ZealandChinaJapanSouth KoreaGCC CountriesSouth AfricaIsrael

 

Key Companies Profiled

Signify HoldingAcuity Brands Lighting Inc.Cree LightingDialightPanasonic Corporation

 

 

Key Takeaways from the Market Study

Based on application, the sheets and roads are projected to expand at 6.4% CAGR by 2034.China is estimated to register at a CAGR of 7.4% by 2034.South Korea experiences significant growth, projected at a CAGR of 9.3% by 2034.Based on offering, hardware is anticipated to expand at a CAGR of 6.5% by 2034.

“The increasing demand for energy-efficient lighting solutions is a major driver of the outdoor LED lighting market,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape Top of Form

Numerous players compete for market share in the outdoor LED lighting market. Established lighting manufacturers, specialized LED solution providers, and emerging startups vie for dominance.

Competition revolves around technological innovation, product quality, pricing strategies, distribution networks, and customer service. Success in this market hinges on effectively meeting customer needs and staying ahead of competitors through innovation and strategic partnerships.

In April 2023, Crescent Lighting expanded its product line to encompass various lighting solutions catering to commercial, outdoor, residential, industrial, architectural, and indoor spaces. Their offerings, boasting up to 50,000 hours of longevity certified by LM80, prioritize durability and eco-friendliness.In June 2022, Hella GMBH introduced new energy-efficient work lamps and floodlights under the S-Series. These lighting solutions enhance workplace safety by providing optimal illumination for work areas. With low power consumption compared to traditional sources, they contribute to reduced CO2 emissions. Top of Form

Leading Outdoor LED Lighting Manufactures:

Signify HoldingAcuity Brands Lighting Inc.Cree LightingDialightPanasonic Corporation

Buy Now and get instant access to the most comprehensive and up-to-date report on the key players in your industry.

More Valuable Insights Available

Future Market Insights offers an unbiased global outdoor LED lighting market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034

To understand market opportunities, the outdoor LED lighting market is segmented based on Offering [Hardware (Lamps, Luminaires, Control Systems), Software, Services (Pre-installation, Post-installation)], Application (Streets and Roads, Architecture and Urban Landscape, Sports and Large Area, Tunnels, Others), Installation (New, Retrofit), Sales Channel (Retail/Wholesale, Direct Sales, E-commerce), Wattage Type (Below 50W, 50-150W, Above 150W), Communication (Wired, Wireless), Interfacing Standard (NEMA, ZHAGA) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).

Request to Access the Detail Research Methodology from here!

About the Industrial Automation Division at Future Market Insights

The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Coverage in the Industrial Automation Domain:

Runway Lighting Market Analysis by Commercial Airport, Military Airport, and Private Airport from 2024 to 2034. – Review and Request to Access the Sample PDF.Heat Resistant LED Lights Market By Product Type, Application, End-Use Industry & Regional Forecast till 2033. – Review and Request to Access the Sample PDF.LED Modular Display Market by Site, End Use & Region | Forecast 2023 to 2033. – Review and Request to Access the Sample PDF.Chilled Water Storage System Market by Stratified Tank, Multiple Tank, and Diaphragm Tank, 2023-2033. – Review and Request to Access the Sample PDF.Liquid Filled Transformer Market By Indoor Liquid Filled Transformer and Outdoor Liquid Filled Transformer, 2023-2033. – Review and Request to Access the Sample PDF.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/future-outlook-outdoor-led-lighting-market-poised-for-6-8-cagr-growth-between-2024-and-2034-future-market-insights-inc-302062969.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Gravity Launches First All-Purpose Sustainability Agent

Published

on

By

The agent can take any action a user can take in the Gravity platform, and ships with a library of 85+ skills trained by Gravity’s in-house climate and energy experts.

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Gravity, the leading enterprise carbon and energy management platform, today announced the launch of the Gravity Agent, the first all-purpose AI agent built for sustainability and energy teams. It ships with over 85 out-of-the-box skills trained by Gravity’s climate strategists and energy experts. In early pilots, customers have already cut time to migrate data, draft disclosures, and identify energy cost savings by 70% or more, turning days or weeks of work into hours or minutes.

Many sustainability software platforms have launched AI “agents” in recent months, but the term has lost much of its original meaning. These agents only handle a small number of discrete tasks, like cleaning a spreadsheet or answering questions about data. The Gravity Agent, however, is an agent in the fullest sense of the word: it can do anything in the platform with code that a user can do with a click.

“Everyone says they have an agent, but almost no one means the same thing,” said Ted Kornish, Co-Founder and CTO of Gravity. “A true agent handles a wide variety of tasks and works toward them: deciding the steps, taking action, and circling back only when it needs more guidance or has a draft ready for review. Gravity is the only API-first sustainability platform, meaning the agent can use the software in all the ways users can.”

Sustainability and energy teams have spent years stuck in measurement, analysis, and reporting cycles, with scarce time to focus on reducing emissions or energy costs. The Gravity Agent does not replace these teams, but rather gives them superpowers – freeing them to spend less time wrangling data and more time taking action to decarbonize operations, reimagine supply chains, and cut energy spend.

Gravity’s climate and energy experts have trained and validated over 85 skills, which are instructions the Gravity Agent follows for common tasks. At launch, the library includes skills to migrate historical data from spreadsheets and other platforms, identify cost-saving energy project opportunities, and draft regulatory disclosures, among many others. Users can also build new skills tailored to their needs, with support from dedicated climate strategists. The agent can work on multiple tasks simultaneously, run in the background while users work elsewhere, and store memory to accelerate repeated work.

Carbon accounting and energy management work is high stakes, so the Gravity agent includes multiple layers of safeguards at launch. The agent never makes a change without rigorous governance – all changes require human review and approval, every action is recorded so data remains audit-ready, and Gravity never trains the agent on customer data. Emissions math always runs through Gravity’s deterministic calculation engine, so the results are fully reproducible for sustainability teams and their auditors. 

Gravity has applied the same rigor to its own AI footprint and that of its customers. Last year, the company pioneered one of the first emissions accounting methodologies for AI, which Gravity now uses to measure emissions from the Gravity Agent and to help customers measure emissions associated with their own AI usage.

Gravity will continue to expand the agent’s skill library in the coming months, with deeper support for self-serve onboarding.

About Gravity

Gravity is an end-to-end carbon and energy management platform that aligns sustainability and business value. Built for leading enterprises and financial institutions, Gravity empowers hundreds of clients to easily comply with emissions reporting requirements, win over customers, and reduce costs by optimizing energy use. With industry-leading technology, Gravity ensures customers can navigate the changing regulatory environment with confidence and execute projects that drive meaningful energy reductions, while protecting – and enhancing – their bottom line. Learn more and arrange a demo at www.gravityplatform.com

Media Contact

Alexandra Pony

PONY Communications

Alexandra@ponycommunications.com

250.858.0656

View original content to download multimedia:https://www.prnewswire.com/news-releases/gravity-launches-first-all-purpose-sustainability-agent-302833457.html

SOURCE Gravity

Continue Reading

Technology

Workday Adaptive Planning Achieves FedRAMP Moderate Authorization to Support Federal Workforce and Budget Planning

Published

on

By

New Milestone Helps Federal Agencies Plan Workforce and Budgets in One Secure, Modern System

WASHINGTON, July 23, 2026 /PRNewswire/ — Workday Government, a wholly owned subsidiary of Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for HR, finance, and IT, today announced that Workday Adaptive Planning has achieved FedRAMP Authorization at the Moderate Impact Level. The authorization confirms that Workday Adaptive Planning meets the security and compliance standards required to handle sensitive, unclassified federal data, giving agencies a secure, compliant foundation for modern planning.

Federal agencies are under pressure to do more with less, manage costs, and maintain clear records of their decisions. Yet disconnected data, legacy systems, and manual spreadsheet work can make it hard to understand how organizational decisions affect the workforce. Workday Adaptive Planning helps agencies modernize planning by bringing workforce planning, budgeting, and forecasting together so agencies can plan with connected workforce and financial data.

“Federal agencies must align their people, funding, and priorities to deliver their missions effectively,” said Lynn Martin, general manager, Workday Government. “With FedRAMP Moderate authorization, Workday Adaptive Planning gives agencies the secure foundation they need to unify workforce and financial planning. This clarity allows leaders to evaluate trade-offs, allocate resources with impact, and prepare confidently for what lies ahead.”

With Workday Adaptive Planning, agencies can model and assess the workforce implications of organizational change, such as hiring freezes, budget reductions, or reorganizations, to understand the potential effects on headcount, costs, project timelines, and mission readiness. Agencies can also use workforce data to identify talent trends and skills gaps. Finance teams can evaluate competing program requests, allocate costs across funds and programs, monitor budgets throughout the procurement lifecycle, and identify potential overruns earlier. Built-in audit capabilities and FIPS 140-3 compliant security help agencies strengthen fiscal discipline, maintain compliance, and make faster, better-informed decisions.

“Federal agencies need a planning tool they can trust to protect their data and still move fast,” said Ben Pierce, general manager, Workday Adaptive Planning. “With FedRAMP authorization, Workday Adaptive Planning gives them a secure, modern way to make budgeting and workforce planning less painful and a lot more useful.”

As part of Workday Government Cloud, Workday Adaptive Planning works alongside Workday human capital management and financial solutions, helping agencies plan with connected data. By bringing planning into the same platform that powers HR and finance, Workday Government helps agencies move beyond systems that simply record work to a modern, connected foundation for planning safely and collaboratively.

Workday Adaptive Planning is expected to be available to Workday Government customers in early 2027.

For More Information

Explore how Workday Adaptive Planning gives government organizations the power to plan, budget, and forecast the future here.Learn about the mission of Workday Government here.

About Workday Government
Workday Government is a wholly owned subsidiary of Workday, the enterprise AI platform for HR, finance, and IT. Workday Government is dedicated to serving the U.S. government by unifying HR and finance on one intelligent platform with AI at the core, empowering agencies at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver on their missions. Workday Government supports a range of agencies across the civilian, defense, and intelligence communities. For more information about Workday Government, visit workday.com/federal. For more information about Workday visit workday.com.

Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.

View original content to download multimedia:https://www.prnewswire.com/news-releases/workday-adaptive-planning-achieves-fedramp-moderate-authorization-to-support-federal-workforce-and-budget-planning-302833362.html

SOURCE Workday Inc.

Continue Reading

Technology

Ontinue Wins Gold Stevie® Award for Advancing the Future of Managed Security Operations

Published

on

By

Recognition Honors the Innovation Behind Ontinue’s Agentic SOC, Where AI Agents And Expert Cyber Defenders Work Together to Deliver Autonomous, Governed Security Operations

ZURICH, July 23, 2026 /PRNewswire/ — Ontinue, a leading MXDR partner providing nonstop managed security operations through its Agentic SOC, today announced it received a Gold Stevie® for Technology Excellence Award, recognizing the innovation behind its ION MXDR platform and Agentic SOC. The award was presented in the New Product of the Year – Information Technology (Cybersecurity) category, honoring Ontinue’s continued advancement of AI-powered security operations.

Ontinue was recognized for pioneering the Agentic SOC, a new operating model that treats security decision-making itself as software: governed, measurable, and built to scale with attackers who now operate at machine speed. Rather than layering AI onto existing workflows, Ontinue re-engineered its ION MXDR platform around a multi-agent architecture, with specialized agents spanning threat hunting, investigation, response, and posture hardening, that reason over each customer’s accumulated context and progressively take on more decision-making as trust is earned, while Ontinue’s Cyber Defenders retain governance and accountability throughout.

Ontinue defines an Agentic SOC as a security operations model in which software agents progressively assume responsibility for security decisions and actions, under continuous human governance, using accumulated context, policy, and learned behavior. In December 2024, this model went live in production for every ION MXDR customer, extending autonomous investigation to Tier 2-level incidents for the first time in the industry. The result is a platform that acts less like a tool and more like a team.

Ontinue’s Agentic SOC, by the numbers:

Autonomously investigates incidents within minutesCuts mean time to investigate by 50 percentResolves 99.5 percent of incidents without customer involvementDrives median response time for high-severity incidents under nine minutesPre-approves 97 percent of response actions, based on trust earned directly from customers

For Ontinue’s customers, that translates directly into business outcomes, such has stronger Secure Scores, security teams freed from alert fatigue, and hundreds of analyst hours returned to work that actually moves the business forward.

“The cybersecurity industry doesn’t need more AI features, it needs a fundamentally better way to operate security,” said Moritz Mann, Chief Executive Officer at Ontinue. “This recognition validates the work our teams have done over the past two years to transform AI from an assistant into a trusted operational capability. It’s recognition of an operating model that is already delivering measurable outcomes for customers every day.”

“We congratulate all of the winners in the third annual Stevie® Awards for Technology Excellence for their outstanding achievements,” said Stevie Awards President Maggie Miller. “Their innovations are helping shape the future of technology across every industry, and we look forward to celebrating their success on October 28.”

The Stevie Awards for Technology Excellence celebrate the remarkable accomplishments of individuals, teams, and organizations shaping the future of technology across all industry sectors. More than 700 nominations from organizations of all sizes in 37 nations and territories were submitted this year for consideration in a wide range of tech-related categories. More than 180 professionals worldwide participated in the judging process to select this year’s honorees.

Details about the Stevie Awards for Technology Excellence and the list of 2026 Stevie winners are available at http://Tech.StevieAwards.com.

About Ontinue
As a leading provider of AI-powered managed security operations, Ontinue is on a mission to give every organization the freedom to focus on what they do best; by making nonstop security excellence accessible, not just aspirational. By combining advanced AI with deep human expertise, Ontinue delivers managed security operations that are tailored to each organization’s unique environment, operational needs, and risk profile.

Ontinue’s ION SecOps Platform integrates AI-driven insights, automation, and real-time collaboration to continuously prevent, detect, and respond to threats. With deep expertise in Microsoft security technologies, Ontinue helps customers maximize the value of their existing investments while achieving stronger, more scalable security outcomes.

Continuous protection. AI-powered Nonstop SecOps. That’s Ontinue.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Technology Excellence and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

CONTACT: Alison Raymond, araymond@ontinue.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ontinue-wins-gold-stevie-award-for-advancing-the-future-of-managed-security-operations-302833367.html

SOURCE Ontinue

Continue Reading

Trending