The global market for outdoor landscape lighting is expected to grow by $503.76 million USD between 2018 and 2022, according to market researchers Technavio. The growth represents a compound annual growth rate (CAGR) of more than 3 percent and includes both residential and commercial users in the Americas, the Asian-Pacific regions, and the Europe, the Middle East and Africa markets.
Contributing to the growth, according to the report, is/will be the increased user appreciation for energy-efficient and high-quality lighting products, particularly LED lighting, compared to previous outdoor-lighting options such as incandescent- and halogen-based systems.
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