The increasing need for landscape lighting in public places, parks, and university campuses is one of the market’s main drivers. Landscape lighting is also becoming more popular in some areas, such as highways, public parks, business locations, and outdoor parking lots.
Real-time monitoring and control of linked smart street light infrastructure are some of the benefits of landscape lighting, which is why the landscape lighting market is predicted to grow significantly over the forecast period. During the forecast period, increasing penetration of the landscape lighting industry as an energy-efficient lighting source is likely to boost growth prospects in the landscape lighting market. In the next years, these factors are projected to contribute to the expansion of the landscape lighting industry.
Because landscape lighting solutions are widely used in practically all areas of the region, the North American landscape lighting industry is likely to be one of the leading markets.
The landscape lighting industry in Europe is predicted to increase due to the existence of current electronic technology associated to sensors. The landscape lighting market in Asia-Pacific (APAC) is also predicted to grow significantly, as it is a key hub for LED-based lighting system manufacturing and distribution, as well as a major exporter of energy-efficient lighting solutions.
Syska LED, Koninklijke Philips N.V., General Electric, Hubbell, OSRAM, Cree Inc., Eaton, Dialight, Virtual Extension, and Zumtobel Group AG are some of the major companies in the landscape lighting market. During the forecast period, these firms are also projected to have an impact on the landscape lighting market.