The outdoor LED lighting market size is estimated to be USD 25.7 billion in 2022 and is projected to reach USD 51.5 billion by 2027, at a CAGR of 14.9%
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- The outdoor LED lighting market size is estimated to be USD 25.7 billion in 2022 and is projected to reach USD 51.5 billion by 2027, at a CAGR of 14.9% during the forecast period.
- Technological innovations and rising environmental concerns have further accelerated the growth of the outdoor LED lighting market.
- The streets and roads application segment is likely to dominate the outdoor LED lighting market from 2022 to 2027.
- Europe is projected to account for the second largest market share in the outdoor LED lighting market.