Falling LED prices and adoption of intelligent controls are driving growth in outdoor lighting systems
A new report from Navigant Research analyzes the global market for outdoor lighting and controls, providing an overview of market issues, technological developments, regional trends, and forecasts for luminaire and lamp unit shipments, through 2025.
As outdoor lighting technologies become more efficient and less expensive, businesses and governments are investing in upgrades as a way to decrease operational costs and reduce carbon emissions. Many of today’s outdoor systems rely on basic controls such as dimming and automatic shut-offs during nighttime hours, and also take advantage of gains in light-emitting diode (LED) technology, which offers improved efficiency and quality at a lower cost. Click to tweet: According to a new report from @NavigantRSRCH, the market for outdoor lighting controls, including motion sensors, photo cells, intelligent controls, and control software, is expected to grow from $492 million in 2016 to $1.3 billion in 2025.
“Recent improvements in outdoor lighting technology have created a fast-growing market for both LED lighting fixtures and lighting controls across all outdoor lighting applications,” says Allison Cross, managing consultant with Navigant Research. “Although a large percentage of the existing outdoor lighting luminaire stock is currently composed of older, less efficient technologies, it is expected that LED luminaires will quickly take over as the predominant outdoor lighting technology over the next 10 years as municipalities and other organizations continue to retrofit exterior lighting.”
According to the report, LED luminaire unit shipments for outdoor lighting systems are expected to experience a compound annual growth rate of 6.3 percent between 2016 and 2025, while all other outdoor lighting technologies will experience a decrease in unit shipments.
The report, Outdoor Lighting Systems, examines the global market for outdoor lighting and controls in roadways and highways, city parks and public areas, sports parks, commercial site lighting, outdoor parking lots, and university and college campuses. The study provides an analysis of the market issues, technological developments, and regional trends surrounding outdoor lighting systems. Global market forecasts for luminaire and lamp unit shipments and revenue, segmented by lamp type, product type, application area, and region, extend through 2025. The forecast also includes lighting controls unit shipments and revenue for motion sensors, photocells, intelligent controls, and controls software. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Outdoor Lighting Systems, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.