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

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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
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Fitterfly Healthtech and Ascensia Diabetes Care Launch a 21-Day Diabetes Management Program on World Diabetes Day

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MUMBAI, India, Nov. 14, 2024 /PRNewswire/ — This World Diabetes Day, on 14th November, Fitterfly Healthtech and Ascensia Diabetes Care are joining hands to launch a complimentary 21-day Diabetes Management Program for Ascensia’s glucometer users. This initiative aims to make diabetes care simpler and more effective for people, offering them personalised support, expert guidance, and easy-to-use tools.

For many, managing diabetes can feel overwhelming. Even with the right tools, knowing where to start can be challenging and confusing. That’s why this 21-day program is designed to help users get started on a wellness journey and build lasting habits, as 21 days is the time it takes to set a habit. By simply scanning a QR code on the warranty page of Ascensia’s glucometer, users can join the Fitterfly program and access diet plans, a 24/7 AI wellness coach, group sessions with diabetes experts, glucose tracking and insights, food diary tracking, assessments, and more. With each step, this structured support brings confidence and clarity, helping users feel truly in control of their health.

Albertraj Balraj, Country Head and Director at Ascensia Diabetes Care India Pvt Ltd., commented, “Glucometers and Self-Monitoring Blood Glucose (SMBG) play an important role in effective blood sugar monitoring. Through this partnership, we aim to offer people a 360° solution by combining our world-class glucometer with Fitterfly’s advanced tools and expert support to make diabetes management truly simple for everyone. We want people to approach diabetes care with confidence and without fear.”

Dr Arbinder Singal, CEO & co-founder of Fitterfly Healthtech, added, “Lifestyle management remains the first line of therapy for type 2 diabetes. Our collaboration with Ascensia makes it easy for people to take control of their health and get started on a journey to lower their blood sugar sustainably. By linking their glucometer to our Fitterfly app, users can track their readings, gain insights, and learn to manage diabetes with ease.”

This partnership is a true example of two brands joining forces to reduce the diabetes burden in the country.

To know more about Fitterfly’s Diabetes Programs, visit Fitterfly.

About Fitterfly

Fitterfly is a leading Indian healthtech company specialising in digital therapeutic programs for managing diabetes, obesity, and heart disease. Co-founded in 2016 by Dr Arbinder Singal and Shailesh Gupta, the Mumbai-based company employs over 200 professionals, including doctors, nutritionists, fitness experts, and technologists. Fitterfly aims to improve metabolic health by focusing on conditions like prediabetes, diabetes, obesity, hypertension, and heart disease. Fitterfly has significantly contributed to health technology research, publishing over 80 papers and winning numerous awards, including the Economic Times Healthtech Startup of the Year 2022. Fitterfly has raised $16.6 million in funding, with its last round in June 2022 led by Amazon with support from Fireside Ventures, 9 Unicorns, and Venture Catalysts.

About Ascensia Diabetes Care

Ascensia Diabetes Care is a global company focused entirely on helping people with diabetes. Our mission is to empower those living with diabetes through innovative solutions that simplify and improve their lives. We are home to the world-renowned CONTOUR® portfolio of blood glucose monitoring systems and the exclusive global distribution partner for the Eversense® Continuous Glucose Monitoring Systems from Senseonics. Ascensia is a member of PHC Group and was established in 2016 through the acquisition of Bayer Diabetes Care by PHC Holdings Corporation. Ascensia products are sold in more than 100 countries. Ascensia has around 1,400 employees and operations in 29 countries. For further information, please visit the Ascensia Diabetes Care website at www.ascensia.com.

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Eco-documentary A Chorus of Frogs officially launched

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NANJING, China, Nov. 14, 2024 /PRNewswire/ — Recently, the ecological documentary A Chorus of Frogs produced by Nanjing Newspaper Media Group was officially launched. The film told the story of Wang Ningjing, a post-95s Nanjing girl, who returned to the countryside to find the Chinese immaculate treefrog and shoot a documentary.

https://youtu.be/V8aI9PIFalA?si=Mcc6iP5FeAk3Y8OF

Wang Ningjing, the post-95s generation from Nanjing, is currently studying wildlife filmmaking in the UK. Professor Borzée Amaël from Nanjing Forestry University, who grew up in Madagascar, has been researching treefrogs over ten years.

Unlike most girls who like fairy tales, Wang has been passionate about creature and nature since childhood. Nanjing Hongshan Forest Zoo, not far from her home, was a place she often visited as a child.

“I see one. Is that it?……That one on the wheat. So beautiful!” The species’ breeding season is May and June. During this period, Professor Amaël conducted regular field surveys to locate populations of the treefrog, known for its unique calls that can be heard from a distance. The documentary began with Wang listening to the calls of the treefrog in the fields at night.

A Chorus of Frogs is positioned as an ecological and humanistic documentary. By following Wang Ningjing and Amer to explore the traces of the Chinese immaculate treefrog, it vividly tells the story of people and frogs.

Chinese path to modernization has the distinctive features of respecting nature, following its laws and protect it as well as promoting harmony between humans and nature. The harmonious coexistence between human and the environment is important not only to China but to the world as well.

Where does the Chinese immaculate treefrog go? I believe everyone will find their own answer after watching.

Nanjing Newspaper Media Group, a state-owned media group in Nanjing City, was established on December 17, 2002 with the approval from the National Press and Publication Administration. In recent years, the group has seized strategic opportunities for media convergence to develop a new type of mainstream media based on the Internet. Fully committed to mobile first, it has accelerated the establishment of all-media communication system. The group’s flagship brand, Zijinshan Video, focuses on short video creation, particularly the production of documentaries. It currently has more than 65 million followers across all platforms.

Video – https://www.youtube.com/watch?v=V8aI9PIFalA

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Avathon Partners with CP PLUS, Largest CCTV Manufacturer in India, to Enhance Public Safety while Strengthening Community Bonds

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PLEASANTON, Calif., Nov. 13, 2024 /PRNewswire/ — Avathon, provider of the leading AI platform for industrial operations, has partnered with CP PLUS, one of the largest manufacturers of CCTV cameras, to create safer, more connected societies by bundling Avathon’s computer vision technology with each camera. The companies are bringing Avathon’s computer vision AI capabilities to small and medium-sized businesses (SMBs) across India, turning their cameras into intelligent assets that enable more secure workplaces, factories and facilities.           

In today’s fast-paced world, it’s hard to keep an eye on every single detail, every minute of the day. Computer vision AI technology gives users the freedom and control to go about their daily lives knowing they will receive proactive alerts identifying safety and security issues in real time.

“Increasing demand for advanced public safety tools, smart home devices and integrated AI-powered cameras is fueling massive industry growth,” said Aditya Khemka, Managing Director, CP PLUS, a subsidiary of Aditya Group. “Our partnership with Avathon will help us to better deliver state-of-the-art AI-powered solutions that feature advanced functions like real-time anomaly detection and intelligent monitoring.”

Avathon’s computer vision AI automatically detects and alerts unsafe conditions and incidents in real time, allowing users to proactively take the right actions. Avathon enables business owners using valuable resources to monitor CCTV camera feeds to get back to focusing on operations. The company partners with OEM camera manufacturers by providing AI technology that enables end customers to quickly and accurately address processes, behaviors, and conditions that cause unacceptable risk. Through its partnership with CP PLUS, Avathon has democratized this technology, giving access to large organizations and small businesses alike.

CP PLUS is India’s leading surveillance brand with the most extensive portfolio in the entire global industry. Representing a major share of the Indian CCTV market, CP PLUS offers a range of products and services to meet the varied needs of government, commercial, residential, and industrial customers and its products are successfully deployed in every nook and corner of India and many countries across verticals and industry.

“AI cameras are paving the path forward in India toward smart-city initiatives and enhanced public safety improvements. In this sometimes disconnected world, it’s comforting to rely on a technology that instantly alerts users to potential dangers and other anomalies,” said Pervinder Johar, CEO of Avathon. “We’re proud to partner with CP PLUS to provide the AI innovations needed to push India to the leading edge of technological advancement.”

About Avathon

Avathon, a leader in Industrial AI, extends the life of critical infrastructure while advancing the journey toward full autonomy. Avathon’s Industrial AI platform empowers commercial and government customers with scalable, secure, and value-driven solutions that enhance efficiency and resilience across heavy industry.

Media contact:

Jon Ross
Sr. PR & Communications Manager
Avathon
jross@avathon.com

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SOURCE Avathon

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