Europe Outdoor Lighting Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Application, By Source (LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Outdoor Lighting Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
The arrival of warmer weather and the lengthening days are drawing near. As a result of the shift in the seasons, many homeowners are becoming excited to host barbecues and parties. As a result, the importance of having enough illumination in outdoor spaces is growing at an alarming rate. The addition of adequate lighting to an outdoor setting, such as a deck or patio, is an essential component of any such setting, and it adds significant value to the house.
Nevertheless, there may be inconsistencies arising from the combination of a few of these design issues. For example, emphasizing safety might result in higher light levels on certain projects, which comes at the price of glare reduction and environmental friendliness. Meanwhile, compliance with dark sky regulations might be dramatically construed, which can be detrimental to the safety of a project and its evening attractiveness.
The lighting of the outside is just as significant as the lighting of the inside. It is important that it be correctly designed and functioning so that it can provide a peaceful ambiance while still being safe and pleasant. They need to pay attention to where the lights are located, as well as what type of lighting should be used to light up the yard, since the lighting has a significant influence not only on the overall look of the garden and patio but also on the overall appearance of the garden and patio.
The Federal Government of Germany believes that the building sector has been crucial in maintaining economic stability in Germany over the last several years. The entire investment in the building saw an increase of 3.2% between 2020 and 2021. This growth was noted in both years. As a result, the construction sector as a whole had a significant boost of 2.4% overall. The output of this sector is dominated by private investors, who have acquired a substantial percentage of it.
The Germany market dominated the Europe Outdoor Lighting Market by Country in 2021; thereby, achieving a market value of $1,578.1 Million by 2028. The UK market is exhibiting a CAGR of 7.1% during (2022 - 2028). Additionally, The France market would experience a CAGR of 8.7% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Commercial and Residential. Based on Source, the market is segmented into LED Lights, High-Intensity Discharge Lamps, Fluorescent Lights, and Plasma Lamps. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Outdoor Lighting Market will Hit $23.2 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Acuity Brands Lighting, Inc., Signify N.V., Zumtobel Group AG, Cree, Inc. (SMART Global Holdings, Inc.), OSRAM GmbH (AMS AG), Eaton Corporation PLC, Hubbell Incorporated, Virtual Extension Ltd. and Syska LED Lights Private Limited
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Offline
- Online
By Application
- Commercial
- Residential
By Source
- LED Lights
- High-Intensity Discharge Lamps
- Fluorescent Lights
- Plasma Lamps
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company
- Acuity Brands Lighting, Inc.
- Signify N.V.
- Zumtobel Group AG
- Cree, Inc. (SMART Global Holdings, Inc.)
- OSRAM GmbH (AMS AG)
- Eaton Corporation PLC
- Hubbell Incorporated
- Virtual Extension Ltd.
- Syska LED Lights Private Limited
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