Outdoor LED Market Set to reach USD 46.84 billion by 2030

According to the study by Next Move Strategy Consulting, the global Outdoor LED Market size is predicted to reach USD 46.84 billion with a CAGR of 17.3% till 2030.

The demand for outdoor LED lights is rising with the growing improvement activities of infrastructure for visibility and safety purposes of drivers and pedestrians across the globe.

Asia-Pacific holds the dominant share of the outdoor LED industry, and is expected to boost the market during the forecast period. This is attributed to factors such as the high adoption of advanced lighting such as incandescent, Linear Fluorescent Lamp (LFL), Compact Fluorescent Lamp (CFL), and High-Intensity Discharge (HID) in infrared heating for industrial heating & drying processes.

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