Connect with us

Technology

Outdoor Landscape Lighting Market size is set to grow by USD 746.3 million from 2024-2028, Growing demand for LED lighting for different applications boost the market, Technavio

Published

2 years ago

on

NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global outdoor landscape lighting market size is estimated to grow by USD 746.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.02% during the forecast period. growing demand for LED lighting for different applications is driving market growth, with a trend towards rapid advances in technology in lighting industry. However, poor performance of led lighting at high temperatures poses a challenge. Key market players include Acuity Brands Inc., ALLIANCE Outdoor Lighting, Cast Lighting, Cree Lighting, Eaton Corp. Plc, Current Lighting Solutions LLC, Halco Lighting Technologies LLC, Hubbell Inc., Kichler Lighting LLC, Landscape Forms, LSI Industries Inc., Modern Lighting by Lumens Light and Living, Orbit Lightings, OSRAM Licht AG, Oversea Lighting and Electric (M) Sdn. Bhd., Panasonic Holdings Corp., Signify NV, VOLT Lighting, WAC Lighting, and Wipro Lighting.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Outdoor Landscape Lighting Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.02%

Market growth 2024-2028

USD 746.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.59

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Acuity Brands Inc., ALLIANCE Outdoor Lighting, Cast Lighting, Cree Lighting, Eaton Corp. Plc, Current Lighting Solutions LLC, Halco Lighting Technologies LLC, Hubbell Inc., Kichler Lighting LLC, Landscape Forms, LSI Industries Inc., Modern Lighting by Lumens Light and Living, Orbit Lightings, OSRAM Licht AG, Oversea Lighting and Electric (M) Sdn. Bhd., Panasonic Holdings Corp., Signify NV, VOLT Lighting, WAC Lighting, and Wipro Lighting

Market Driver

The global outdoor landscape lighting market is experiencing significant progress in lighting technologies. In the residential segment, CFL, incandescent, and halogen lighting technologies currently lead in revenue generation. However, LED technology is anticipated to take over as the primary revenue contributor in both residential and commercial sectors during the forecast period. Technological advancements are focusing on product enhancements, such as improved efficiency and energy savings. This technological shift will encourage vendors to adapt to customer needs, fostering market growth. LED technology continues to evolve, producing brighter and more affordable LEDs. Research and development are prioritized by market competitors, who are also developing LED devices with enhanced electrical tolerance for home applications. As a result, the global outdoor landscape lighting market is projected to exhibit strong growth throughout the forecast period. 

The Outdoor Landscape Lighting Market is thriving, with trends leaning towards wireless technologies and wireless lighting control. LED lights segment leads the industry, while Plasma lamps are being phased out. Street lighting, tunnel lights for highways, and parking lot lighting are in high demand. Commercial buildings, parks, stadiums, and events are key markets. Direct sales and retail sales through hypermarkets and specialty stores dominate. Micro-firms use modern technologies like chip-on-board tech and daylight sensors for control systems. CXOs prioritize energy-efficient LED solutions for business sites, public spaces, and university campuses. Durability is crucial in the outdoor environment, making high-end fixtures popular. Real-time monitoring and energy efficiency are essential. High import duties challenge the market, but stimulating moonlights and underlit hardscapes add value. Wireless control systems enhance the Western culture’s emphasis on commercial premises and tourism industry. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

The outdoor landscape lighting market faces a significant challenge due to the temperature sensitivity of LED chips and related products. As LED lights operate on electricity, they generate heat, which negatively impacts their performance. High temperatures decrease LED output at an accelerated rate, reducing their lifespan and efficiency. Traditional lighting sources are not affected by heat in the same way since they emit warm beams. However, the high cost of LED lighting, combined with the need for effective heat management through technologies like heat exchangers, poses a threat to the market’s growth during the forecast period. Efficient heat dissipation is crucial to maintain optimal LED performance and ensure a longer product life.The Outdoor Landscape Lighting Market faces several challenges in today’s business environment. One major challenge is the adoption of Light-emitting diodes (LED) for energy-efficient lighting solutions. Power grids need upgrading to support increased energy consumption from outdoor lighting. Environmental friendliness is crucial, as businesses strive for sustainability and resource efficiency. Infrastructural development and safety are key concerns for installing lights on driveways, stair railings, and along paths. Security is paramount, with the need for smart lighting systems, sensors, and control. Communication and information technologies are essential for real-time information, productivity, and well-being. However, challenges include negative effects such as light pollution, sky glow, and energy consumption from metropolitan cities’ electric lights, cars, streetlamps, buildings, and outdoor billboards. AI, Human Centric Lighting, and Connected lighting are solutions to optimize occupancy, daylight, and safety while minimizing negative impacts. The Internet of Things and Smart City initiatives offer opportunities for energy savings and improved livability.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This outdoor landscape lighting market report extensively covers market segmentation by

Application 1.1 ATG1.2 UnderwaterSource 2.1 LED2.2 TraditionalEnd-user 3.1 Commercial3.2 ResidentialGeography 4.1 APAC4.2 Europe4.3 North America4.4 South America4.5 Middle East and Africa

1.1 ATG- The Outdoor Landscape Lighting Market offers a diverse selection of Above-the-ground (ATG) lights for various applications. These lights come in various types such as floodlights, landscape lights, motion sensor lights, spotlights, garden lights, pathway lights, lanterns, moonlights, spread lights, downlighting, shadow lights, wall lights, and deck or step lights. These lights operate on solar and low-voltage energy sources. Key vendors like Alliance Outdoor Lighting, Cree Inc. (Cree), Eaton Corporation Plc (Eaton), Halco Lighting Technologies, WAC Lighting, and Signify NV (Signify) provide an extensive range of outdoor landscape lighting products for ATG applications. Cree offers advanced outdoor landscape lighting products, featuring XLamp LEDs, J Series LEDs, and high-brightness LEDs. Halco Lighting Technologies designs its Sollo brand fixtures for high flexibility and ease of installation, focusing on simple and elegant designs. The ATG segment is expected to adopt LED technology at a moderate rate during the forecast period due to its energy efficiency and long lifecycle. The growing number of outdoor spaces will increase the demand for lighting these areas, positively impacting the growth of the ATG segment in the global outdoor landscape lighting market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Outdoor Landscape Lighting Market refers to the industry dedicated to providing artificial lighting solutions for enhancing the visual performance of outdoor spaces. Human activity in these areas is a significant factor driving the demand for outdoor lighting. Traditional lighting options, such as incandescent bulbs and conventional bulbs, are being gradually replaced by energy-efficient alternatives like Fluorescent lights, CFL lights, and LED solutions. The landscape lighting industry is evolving with modern landscape lights, daylight sensors, control systems, and chip-on-board technology. The outdoor environment benefits from Energy-efficient lighting systems, which include Smart outdoor lighting for streets, public places, and commercial sites. Renewable energy sources like Solar energy are increasingly being integrated into outdoor lighting systems, making them more sustainable and cost-effective. The market continues to innovate, with a focus on enhancing visual appeal while minimizing energy consumption.

Market Research Overview

The Outdoor Landscape Lighting Market refers to the business of providing artificial lighting solutions for enhancing the visual performance of outdoor spaces. This market caters to various human activities and infrastructural development, focusing on energy-efficient lighting options such as LED lights, which offer long product life, energy savings, and environmental friendliness. The market encompasses a wide range of products, including driveway lights, stair railing lights, post-mounted lanterns, wall lights, gateways, exits, step lights, path lights, and more. The use of these lights extends beyond safety and security, providing real-time information, productivity, well-being, and livability. The market is driven by the increasing demand for sustainable and resource-efficient lighting solutions, with the help of modern technologies like Artificial Intelligence, Human Centric Lighting, and the Internet of Things. However, it’s important to note that excessive use of artificial light can have negative effects, such as light pollution and sky glow, particularly in metropolitan cities. The Outdoor Lighting Industry includes various segments, such as LED lights, Plasma lamps, Street lighting, Tunnel lights, and Highways, among others. The market caters to various customers, including businesses, commercial buildings, and modern technologies, with sales channels including direct sales, retail sales, and specialty stores. CXOs and micro-firms are key decision-makers in this industry. The market is continually evolving, with a focus on wireless lighting control and lighting accessories.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationATGUnderwaterSourceLEDTraditionalEnd-userCommercialResidentialGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/outdoor-landscape-lighting-market-size-is-set-to-grow-by-usd-746-3-million-from-2024-2028–growing-demand-for-led-lighting-for-different-applications-boost-the-market-technavio-302215553.html

SOURCE Technavio

Related Topics:
Continue Reading
Click to comment

Leave a Reply

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

Technology

STARTRADER Launches SKHY as SK Hynix Makes Its US Market Debut, Giving Clients Timely Access to a Key AI Memory Name

Published

56 minutes ago

on

July 23, 2026

By

SKHY gives clients direct exposure to a key supplier of high-bandwidth memory at the heart of the AI acceleration market.

DUBAI, UAE, July 23, 2026 /PRNewswire/ — STARTRADER today announced the launch of SK Hynix Inc. (SKHY) as a US Stock CFD on its trading platform, available from July 22, 2026. Moving swiftly following SK Hynix’s recent US listing, which raised approximately $26.5 billion, STARTRADER is ensuring clients can engage with this name at the earliest opportunity.

This is precisely the type of occasion STARTRADER builds its product strategy around. As significant names enter the US market and begin drawing institutional attention, STARTRADER moves decisively to ensure clients have access when it carries the most relevance. For a company of SK Hynix’s standing in the AI memory supply chain, its US debut represents exactly that kind of opportunity.

The decision reflects a product philosophy centred on anticipation. As the boundary between global and US-listed equities continues to narrow, STARTRADER intends to remain consistently at that intersection, connecting clients to names the global investment community is beginning to follow closely and providing the access needed to engage with both confidence and context.

“Clients who follow the AI infrastructure story understand that the opportunity runs through the entire supply chain, including the memory and bandwidth that make large-scale AI possible. SK Hynix’s arrival on the US market made this the right moment to act, and acting early on behalf of our clients is exactly what we intend to keep doing.”

Peter Karsten, Chief Executive Officer, STARTRADER

SKHY marks the latest addition in a product offering designed to keep clients directly connected to the names and sectors defining the next phase of global market development, with the breadth and precision to engage with structural investment themes as they take shape.

Trading CFDs involves a significant risk of loss and may not be suitable for all investors. Please ensure you fully understand the risks before trading.

About STARTRADER
STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STAR-APP, and STAR-COPY. Regulated infive jurisdictions (CMA, ASIC, FSCA, FSA, and FSC), STARTRADER combines strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

View original content to download multimedia:https://www.prnewswire.com/news-releases/startrader-launches-skhy-as-sk-hynix-makes-its-us-market-debut-giving-clients-timely-access-to-a-key-ai-memory-name-302833143.html

SOURCE STARTRADER

Continue Reading

Technology

FORD AND GEELY AUTO JOIN FORCES IN EUROPE TO PRODUCE NEXT-GENERATION MULTI-ENERGY VEHICLES IN SPAIN

Published

56 minutes ago

on

July 23, 2026

By

The global automakers plan to form a manufacturing joint venture at Ford’s Valencia, Spain, plant, combining scale and factory utilization, to build Ford and Geely vehiclesThe partnership, built on a foundation of trust and shared business principles, secures the future of the Valencia plant, provides long-term stability and creates the potential for future high-tech manufacturing job growthThe joint venture addresses the new realities of the European market — intense global competition, relentless cost pressure and tightening regulation — resetting Valencia to build at the industry’s emerging cost benchmarkThe Valencia plant will produce a new generation of low- and zero-emission vehicles for European markets, offering customers an outstanding technology experienceThe joint venture is expected to produce an all-new multi-energy crossover for Ford, in addition to a new member of the Bronco family, plus two electric Geely SUVs, with production starting in 2028. Kuga production continues uninterruptedThe collaboration accelerates Geely Auto’s European expansion, and supports Ford’s product offensive to bring five new passenger vehicles to European showrooms by 2029

VALENCIA, Spain, July 23, 2026 /PRNewswire/ — Ford Motor Company and Geely Automobile Holdings (hereafter “Geely Auto”) today announced an agreement to form a Europe-focused joint venture (JV) at Ford’s Valencia, Spain, manufacturing hub.

The new JV will manufacture Ford and Geely multi-energy passenger vehicles for the European market, driving greater choice and value for European drivers.

Europe is home to one of the fiercest competitive battles in the global automotive industry today. Tightening regulation, high operating costs and a new generation of global competitors have reset the industry’s benchmark for manufacturing cost, vehicle technology and software experience.

By pooling production volume, Ford and Geely will maximize the capacity of the Valencia plant, lower the cost of every vehicle built there, and compete at this emerging cost standard while delivering world-class multi-energy vehicles and strengthening the local Valencia economy in the process.

Pending regulatory approvals, the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028. The Valencia plant will continue to produce the Ford Kuga in the meantime.

“This JV with Ford in Europe reflects our commitment to open, collaborative product development as part of our growth strategy, deepening our local presence and commitment to customers in Europe”, said Alex Nan, Vice President of Geely Auto Group. “We are dedicated to delivering vehicles that European customers will choose on merit: on industry leading features, on high-quality and on actively contributing to Europe’s green future. Put simply: we are building cars in Europe, for Europe, alongside a trusted partner.”

Ford’s partnership with Geely is built on a foundation of trust and respect stretching back to 2010 when Ford sold Volvo Cars to Geely and watched it protect and revitalize the brand. Both companies share a commitment to quality, cost-efficient sourcing and continuous improvement, as well as a belief that customers should be able to choose their own path through the energy transition.

Transforming Valencia into a Powerhouse for Low-CO2 Mobility

The JV will transform Ford’s Valencia facility – already one of Europe’s most productive and advanced plants, with a potential annual capacity of about 500,000 vehicles – into a shared, high-tech manufacturing hub built to compete at the industry’s new global cost standard. The plant has been at the leading edge of the European market since it opened in 1976, when it built the original Ford Fiesta, Ford’s first global front-wheel-drive car, and a major success. Ford was the first non-Spanish automaker to build in Valencia, the start of a partnership with Spain and its people that remains as strong today.

Under the proposed ownership structure, Ford will own 66% of the new entity and Geely Auto 34%.

An Exciting Vehicle Lineup

“For nearly 50 years, Valencia has built some of the most-loved cars in our history, and now this team will help build our future”, said Jim Baumbick, President, Ford of Europe. ” That’s why we’re building a flexible, cost-effective industrial system with a capable partner in Geely Auto. Together we can fully utilize a best-in-class plant with a great workforce and match the industry’s new cost benchmark. This is all part of Ford’s vision to give European drivers rally-bred handling, true off-road capability and multi-energy technology, with a distinct Blue Oval DNA.”

The JV will combine the engineering, manufacturing and development know-how of two of the world’s leading automakers to build both Ford and Geely low- and zero-emission passenger vehicles. The cars will be tailored for European drivers and will offer them choice in powertrain technology, as well as outstanding digital experiences.

Ford Models:

The Popular Ford Kuga: Production of the Ford Kuga — one of Europe’s favorite plug-in hybrids — will continue uninterrupted in Valencia.A Rugged New Bronco: Valencia will also produce a new member of the global Bronco family – a tough, compact, adventure-ready SUV built for European roads, with production starting in 2028.An All-New Crossover: A multi-energy family crossover, designed by Ford and jointly developed with Geely will arrive in 2028. Engineered with Ford’s signature capabilities and driving dynamics, it is part of an aggressive product offensive that will bring five new multi-energy vehicles to Europe by 2029.

Geely Models:

Sleek Electric SUVs: Geely Auto plans to produce two electric SUVs at the Valencia facility in full support of their European focus and growth strategy. The first Geely-branded models to be manufactured under this joint venture are scheduled to roll off the production line in 2028.

The venture supports Geely Auto’s international expansion, following overseas sales of 474,228 vehicles in the first half of the year, while advancing Ford’s strategy of using partnerships to compete with speed, efficiency and scale in Europe.

“This partnership shows how automakers are strengthening Europe’s industrial base, but we can’t do it alone,” said Jim Baumbick. “What we’ve achieved in Valencia, with the ongoing support of Spain’s national and regional governments, is a masterclass in public-private partnership that sets the benchmark for the rest of Europe.”

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities, and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles (“EVs”) along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, the company provides financial services through Ford Motor Credit Company. Ford employs about 168,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.

About Geely Auto Group

Geely Auto Group is a leading global automotive company headquartered in Hangzhou, China. Part of Zhejiang Geely Holding Group, Geely Auto Group develops and manufactures passenger vehicles under the Geely, Lynk & Co, and Zeekr brands.

Geely Auto achieved cumulative sales of 3,024,567 units in 2025, exceeding the full-year sales target with a year-on-year growth of 39%. New energy vehicle (NEV) sales reached 1,687,767 units, a year-on-year increase of 90%.

With a strong focus on technology innovation, electrification, and sustainable mobility, Geely Auto Group operates world-class R&D centers and manufacturing facilities across China, Europe, and key international markets. The Group is committed to delivering safe, high-quality, and intelligent vehicles enabled by advanced technologies such as hybrid powertrains, full-electric architectures, smart connectivity, and autonomous driving systems.

As a global company, Geely Auto Group continues to expand its international presence through strategic partnerships, localized operations, and industry-leading platforms. Geely strives to create mobility solutions that are greener, smarter, and more accessible, driving forward the future of sustainable transportation.

Ford news releases, related materials, photos and video, visit From the Road, www.fordmedia.eu or www.media.ford.com.
Follow www.linkedin.com/company/ford-in-europe, www.youtube.com/FordNewsEurope, www.instagram.com/FordNewsEurope,
www.threads.net/@fordnewseurope and www.tiktok.com/@FordNewsEurope

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ford-and-geely-auto-join-forces-in-europe-to-produce-next-generation-multi-energy-vehicles-in-spain-302833121.html

SOURCE Ford

Continue Reading

Technology

K25.ai Secures Series A Investment with Strategic Support from Amber Group, Valuation Doubles to US$200 Million

Published

56 minutes ago

on

July 23, 2026

By

Series A follows K25.ai’s oversubscribed Pre-A round and accelerates its vision to make prediction markets native to live digital content

SINGAPORE, July 23, 2026 /PRNewswire/ — K25.ai, the AI-native prediction market transforming livestreams into real-time interactive markets, today announced the closing of its Series A investment round, with strategic support from Amber Group, at a post-money valuation of US$200 million, doubling the company’s valuation in under 60 days.

The Series A marks another major milestone for K25.ai as it builds a new category at the convergence of artificial intelligence, live digital content, creator economies and prediction markets.

K25.ai enables audiences to predict what happens next across live sports, esports, entertainment and creator content. Its proprietary AI infrastructure supports real-time market generation, content monitoring and outcome resolution, powering a seamless watch-to-predict experience.

The investment and strategic collaboration will accelerate K25.ai’s product development, global expansion, institutional liquidity infrastructure and creator ecosystem.

“We’re building the category where AI meets live content and real-money prediction. Amber Group’s backing — and the doubling of our valuation — confirms the market is ready. We’re moving fast,” said Andy Cheung, Founder and CEO of K25.ai.

Amber Group will support K25.ai across market infrastructure, liquidity strategy, ecosystem development and related digital asset expertise.

“K25.ai is creating a differentiated platform at the intersection of AI, real-time content and prediction markets,” said Haoyu, Portfolio Director of amber.ac. “We are excited to support its experienced team as it scales a new generation of interactive financial and entertainment experiences.”

The Series A follows K25.ai’s recently closed Pre-A round led by Nasdaq-listed NewGenIVF Group Limited (Nasdaq: NIVF). The Series A support from Amber Group doubles K25.ai’s valuation from its Pre-A round and adds a second institutional backer alongside NewGenIVF Group, extending K25.ai’s strategic support across both public markets and digital assets.

About K25.ai

K25.ai is an AI-native livestreaming prediction market transforming passive audiences into active participants. By combining live content, creator-led markets and AI-powered resolution, K25.ai is building the infrastructure for the next generation of interactive information markets.

About Amber Group

Amber Group is a global leader in digital assets, headquartered in Singapore. Amber Group is the parent company of Amber International Holding Limited (Nasdaq: AMBR), which operates as a separate publicly traded company. Since 2017, Amber Group has developed full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investment, and infrastructure. These products and services are offered across various entities within Amber Group. Certain products, services, technologies, and initiatives described in this press release are developed or carried out by subsidiaries or affiliates of Amber Group other than Amber International Holding Limited, and are not necessarily conducted by or attributable to the listed entity.

Backed by top investors and equipped with deep expertise in both digital and traditional markets, Amber Group leverages AI, blockchain, and quantitative research to deliver personalized, cutting-edge solutions. The company focuses on servicing a diverse global clientele—comprising HNW individuals, institutions, funds, exchanges, and projects—to optimize returns safely across all market conditions.

Learn more at www.ambergroup.io.

Media and Investor Contacts

K25.ai Media Contact
media@k25.ai 

K25.ai Investor Relations Contact
ir@k25.ai 

K25.ai Partnership Contact
partnership@k25.ai 

View original content:https://www.prnewswire.com/news-releases/k25ai-secures-series-a-investment-with-strategic-support-from-amber-group-valuation-doubles-to-us200-million-302833151.html

SOURCE K25.ai

Continue Reading

Trending