Landscape lighting is also recognized as garden lighting. It refers to the utilization of artificial-lighting solutions to illuminate the public landscapes and private gardens. This leads to improved night-time aesthetics, security and safety. These types of lighting solutions emphasize the yard’s best features and help in making the place look warm & cozy. Some of the key benefits associated with landscape lighting solutions include highlights the landscaping decor, lights the outdoor living space, enhances the safety aspect and increases property value. Additionally, some other benefits of these landscape lighting are real-time monitoring or controlling of the connected smart street-light infrastructure; owing to which the landscape lighting market is projected to have noteworthy growth throughout the forecast period. The expansive advancements in the lighting technologies coupled with growth in requirements across many industries & sectors are major reasons which will bring massive growth prospects for LED landscape lighting market throughout the forecast period.
As per analysis, “Global LED Landscape Lighting Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” some of the key companies that are currently operating in the global LED landscape lighting market include LIGMAN Lighting, Zhongshan ledcent, CopperMoon, Vlong Lighting, Philips, CAST Lighting, LINYANG Electronics, ClaroLux, FX Luminaire, VOLT, LSI Industries Inc, Eaton, Osram and among others. These players are projected to influence the landscape lighting market over the forecast period also.
By type, LED landscape lighting market can be bifurcated as courtyard lamp, pole lamp, wall lamp, buried lamp and others. In addition, by application, market can be bifurcated as commercial spaces, residential spaces and public spaces.
The LED landscape lighting market is driven by increase in government initiatives towards the installation of the smart landscape lighting in smart cities, followed by surge in need of the landscape lighting in the parks, public areas, and institute campuses. Growing adoption of LED landscape lighting in some places such as city parks, highways, commercial sites, and outdoor parking lots, is another major driven factor for market. Apart from this, government is also focusing towards the development of smart city project that requires the installation of LED landscape lightings. Therefore, this use of landscape-lighting in the smart cities provides substantial growth to the LED landscape lighting market. Moreover, rise in use of energy-efficient lighting systems is a leading opportunity for global market.
By geography, the North-America is a leading region in global LED landscape lighting market owing to high adoption of landscape lighting solutions in almost all areas across the region. The Asia-Pacific and Europe regions are estimated to witness higher CAGR due to presence of modern electronic technologies related to sensors and growth in manufacturing & distribution of LED-based lighting systems over the forecast period. It is expected that future of the global LED landscape lighting market will be bright because of growth in government support toward the use of landscape lighting and increase in number of the constructions of the buildings & malls during the forecast period.
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Ankur Gupta, Head Marketing & Communications