Outdoor Landscape Lighting Market in North America to grow at a CAGR of 5.22% by 2026|Evolving Opportunities with Acuity Brands Inc. & ALLIANCE Outdoor Lighting |17000+ Technavio Reports

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Technavio

Dec 09, 2021, 05:15 ET

NEW YORK, Dec. 9, 2021 /PRNewswire/ -- 74% of the growth will originate from the US for Outdoor Landscape Lighting Market. The US is the key market for outdoor landscape lighting in North America. Market growth in this region will be slower than the growth of the market in the Rest of the North American region. The presence of a large number of vendors in the market and strong demand from the commercial sector will facilitate the outdoor landscape lighting market growth in the US over the forecast period. The outdoor landscape lighting market in North America is set to grow by USD 147.51 million at a CAGR of 5.22% from 2021 to 2026, according to the latest research report from Technavio.

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The outdoor landscape lighting market in North America covers the following areas:

The report on the outdoor landscape lighting market in North America provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The market is driven by the growing demand for LED lighting for different applications. However, the factors such as the poor performance of LED lighting products at high temperatures may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

The Outdoor Landscape Lighting Market In North America is segmented by End-user (commercial and residential) and Geography (US and Rest of North America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The outdoor landscape lighting market share growth in North America by the commercial segment will be significant for revenue generation. The expanding corporate spaces across North America will continue to be a significant revenue contributor to and driver of this market segment. Vendors of LED lighting will also record increased market penetration, owing to the rising adoption of LEDs for outdoor space applications due to their energy efficiency.

Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the outdoor landscape lighting market size in North America and actionable market insights on each segment.

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Companies Mentioned

 The outdoor landscape lighting market in North America is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Acuity Brands Inc.
  • ALLIANCE Outdoor Lighting
  • Amp Lighting
  • Eaton Corp. Plc
  • General Electric Co.
  • Halco Lighting Technologies LLC
  • Hubbell Inc.
  • IDEAL INDUSTRIES INC.
  • Kichler Lighting LLC
  • LEDiL

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Outdoor Landscape Lighting Market In North America Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.22%

Market growth 2022-2026

USD 147.51 million

Market structure

Fragmented

YoY growth (%)

4.69

Regional analysis

US and Rest of North America

Performing market contribution

US at 74%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Acuity Brands Inc., ALLIANCE Outdoor Lighting, Amp Lighting, Eaton Corp. Plc, General Electric Co., Halco Lighting Technologies LLC, Hubbell Inc., IDEAL INDUSTRIES INC., Kichler Lighting LLC, and LEDiL

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
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.

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