Market Research Future (MRFR) projects the global outdoor lighting market to reach USD 25.2 billion at a CAGR of 15.0% from 2020 to 2027 (forecast period)

The expanding popularity of these lights is propelling the market forward. The emergence of the COVID-19 pandemic has caused the governments of various countries to ban outdoor activities in order to slow the virus's spread. Lockdowns were established during the pandemic's initial phase, i.e., Q1 of 2020, resulting in the temporary closure of stadiums, parks, and travel restrictions, which lowered the adoption of outdoor lighting. The spread of the COVID-19 pandemic has had a substantial influence on sales of outdoor lighting equipment, stifling industry growth.

Furthermore, the decline in sales of energy-efficient LEDs, fluorescent lights, and other bulbs is impeding the market growth. China is a raw material hub and a significant producer of lighting items, but it is also the origin of the coronavirus. The suspension in the export of raw materials from China to other nations across the world has slowed the manufacture of many types of lighting products and systems, affecting the market growth.

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Outdoor Lighting Market Segmentation

The global outdoor lighting industry has been segmented based on lighting type, distribution channel, and application.

By lighting type, the global outdoor lighting market has been segmented into LED lamps, HID lamps, plasma lamps, and fluorescent light.  

By distribution channel, the global outdoor lighting market has been segmented into retail and commercial.

By application, the global outdoor lighting market has been segmented into street lighting, highways, stadiums, parking lots, tunnel lights, parks, and others.