Wipro: Outdoor LED Lighting Global Market Size And Shares Analysis (2025-2033) Featuring Key Players - Panasonic, Signify, Hubbell, Eaton, Wipro Lighting, Samsung Electronics, And Bajaj Electricals

( MENAFN - GlobeNewsWire - Nasdaq) Dublin, April 11, 2025 (GLOBE NEWSWIRE) -- The "Outdoor LED Lighting Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering. The Outdoor LED Lighting market is expected to reach US$ 83.26 billion by 2033 from US$ 27.50 billion in 2024, with a CAGR of 13.10% from 2025 to 2033. Growing environmental consciousness, the need for energy-efficient lighting options, urbanization, and infrastructure upgrading are all driving growth in the outdoor LED lighting market. Longer lifespans, lower maintenance costs, improved light quality, and growing use of smart technologies are some of the factors driving market expansion. Energy Efficiency and Cost Savings Because LED lighting uses a lot less energy than conventional incandescent and fluorescent lighting alternatives, it has become the go-to option for outdoor lighting. Up to 80% less energy is used by LEDs, which results in significant electricity bill savings, especially for large-scale outdoor installations like street lights and public areas. By lowering the overall demand for energy, LEDs' energy efficiency also helps to maintain a sustainable environment by lowering carbon emissions. Over time, LED lights' extended lifespan further lowers maintenance and replacement expenses, making them a more cost-effective option overall. Because of these financial savings and energy efficiency, outdoor LED lighting is a desirable choice for businesses, homes, and municipalities alike. Government Regulations and Incentives The use of energy-efficient technology is being encouraged by governments all over the world, and outdoor LED lighting is a key component of these programs. To achieve environmental and energy-saving objectives, many nations have put laws into place requiring the switch to energy-efficient lighting technologies, including LEDs. Businesses, governments, and property owners are also being encouraged to use LED lighting systems by financial incentives such as tax cuts, grants, and rebates. The transition to LED lighting is also being accelerated by government-backed sustainability initiatives and goals to lower energy use and carbon footprints. The market for outdoor LED lighting is mostly driven by these regulatory frameworks, which encourage broad adoption in a variety of industries and geographical areas. Urbanization and Infrastructure Development Installing dependable, energy-efficient outdoor lighting is part of the improved infrastructure that cities worldwide are needing due to rapid urbanization and population expansion. In order to enhance safety, aesthetics, and quality of life, there is an increasing need for street lighting, park illumination, and other public space lighting solutions as cities grow. LED lighting is the best option because traditional lighting systems frequently find it difficult to satisfy these needs in a sustainable and economical way. The use of outdoor LED lighting is also being pushed by urban development projects like smart city initiatives, which aim to make cities more connected, efficient, and ecologically friendly. Incorporating LED lighting into these projects increases energy efficiency, lowers maintenance expenses, and advances the sustainability of contemporary cities as a whole. Limited Availability in Remote Areas Due to a number of infrastructure issues, outdoor LED lighting adoption may be restricted in rural or isolated areas. These regions frequently lack the local distributors and supply chain required to offer premium LED lighting systems. Additionally, the shift to energy-efficient lighting may be slowed by a lack of qualified experts to install, maintain, and repair LED lighting. It can be more difficult to integrate LED systems in places with unstable electricity grids or poor connection, necessitating further infrastructural improvements. The widespread adoption of LED technologies in distant areas is slowed down by the expense and difficulty of setting up LED lighting systems, which may discourage local governments or businesses from doing so. Performance in Extreme Weather Conditions Although outdoor LED lights are typically regarded as long-lasting and durable, severe weather can affect how well they work. The lighting efficiency may drop in places that experience extreme cold or strong storms, particularly if the LED fixtures are not made to survive such harsh conditions. The interior parts of LEDs may also be impacted by harsh environments, which over time may shorten their lifespan and performance. LEDs may have reduced light output, slower startup times, or even early failure in colder climates if they are not properly rated for harsh conditions. These elements make it difficult for widespread adoption in areas with extreme weather, as businesses and municipalities look for more dependable and weatherproof lighting solutions. Outdoor LED Lighting Market Overview by Regions By countries, the global Outdoor LED Lighting market is divided into United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia and UAE. United States Outdoor LED Lighting Market The market for outdoor LED lighting in the US is expanding rapidly thanks to government programs that support sustainability and energy efficiency. The use of LED lighting in public areas, street lighting, and infrastructure projects is encouraged by federal and state legislation. Demand is also being fueled by technological developments in smart lighting systems, which provide improved control, energy management, and remote monitoring. Municipalities and companies are switching to energy-efficient outdoor LED solutions as a result of the growing emphasis on lowering carbon footprints and improving public safety in urban and suburban regions. Furthermore, the U.S. LED lighting market is anticipated to continue growing due to the growing trend of smart city development and environmental consciousness, especially in metropolitan regions and commercial infrastructure. United Kingdom Outdoor LED Lighting Market The market for outdoor LED lighting is flourishing in the UK because to government initiatives that boost energy-saving solutions. LED lighting is being used in public parks, street lighting, and other outdoor spaces as a result of the UK government's aggressive carbon emission reduction goals. Businesses and local governments alike are drawn to LEDs because they provide substantial energy savings and long-term cost reduction. Further propelling market expansion is the emergence of smart city initiatives, such as linked outdoor lighting systems with energy efficiency and real-time monitoring capabilities. The UK market is anticipated to remain driven by the need for ecologically friendly, energy-efficient outdoor lighting solutions in infrastructure projects and urban developments. India Outdoor LED Lighting Market The government's push for energy-efficient solutions through programs like the Smart Cities Mission and LED-based street lighting projects is driving the rapid expansion of the outdoor LED lighting market in India. Demand for energy-efficient outdoor lighting solutions in cities, roads, and public areas is being driven by urbanization and rising sustainability awareness. LED lights are favored because they use less energy and last longer, which lowers maintenance and operating expenses. In order to encourage the use of LEDs in government buildings and metropolitan areas, the Indian government has also implemented incentives and refunds. The need for outdoor LED lighting solutions is anticipated to increase dramatically as India's infrastructure develops further, assisting the nation's energy-saving objectives. Large-scale infrastructure development and urbanization initiatives are driving a dramatic transition in India's outdoor LED lighting market. With 6.4 million kilometers of national, state, urban, and rural highways, the country has the second-largest road network in the world, which presents significant prospects for the use of outdoor LED lighting. About 85% of passenger travel and 70% of freight transportation are made possible by this vast network each year, underscoring the urgent need for effective outdoor lighting solutions. As evidence of the ongoing growth of infrastructure in need of lighting solutions, the federal government has set an ambitious provisional objective to build over 13,800 kilometers of national highways in 2023-2024, with 2,250 kilometers already built by June 2023. United Arab Emirates Outdoor LED Lighting Market The need for sustainable development and energy efficiency in urban infrastructure in the United Arab Emirates (UAE) is driving the growth of the outdoor LED lighting market in the country. The UAE is progressively implementing LED lighting solutions for parks, public areas, and transit systems as part of its vision for a smart and green city. Energy-efficient lighting is encouraged by government programs like Dubai's Smart City project and sustainability aims in order to lower carbon emissions and electricity consumption. The UAE market is growing as a result of the use of smart outdoor lighting systems that are connected with IoT technology. LED lighting is still a major way to improve urban areas in the area, with a focus on sustainability and contemporary infrastructure. Key Company Analysis: Overview, Key Persons, Recent Developments & Strategies, Financial Insights Panasonic Corporation Signify Hubbell Incorporated Eaton Corporation plc Wipro Lighting Ltd. Samsung Electronics Co. Ltd. Bajaj Electricals Limited Key Attributes Report Attribute Details No. of Pages 200 Forecast Period 2024-2033 Estimated Market Value (USD) in 2024 $27.5 Billion Forecasted Market Value (USD) by 2033 $83.26 Billion Comp