The global commercial landscape lighting market has been gaining significant traction over the past few years, owing to rapid urbanization and growing focus on beautification of public spaces. Commercial landscape lighting helps enhance the aesthetic appeal and extends the usage of outdoor spaces even after sunset. Moreover, advancements in LED technology have enabled landscape lighting equipment to become more energy efficient. Various real estate developers and municipal corporations are widely utilizing innovative commercial landscape lighting systems to illuminate walkways, fountains, trees, and park areas to attract more visitors and improve safety at night. Going forward, the emergence of smart lighting control systems and continued trend of smart city development are expected to present lucrative opportunities for market players in the coming years.
Market Dynamics:
The global commercial landscape lighting market is anticipated to witness robust growth over the forecast period owing to several factors like rapidly growing construction of commercial buildings, increasing demand for outdoor ambient lighting in malls, hotels, and other public places and advancement in LED technology. Additionally, rising consumer spending on outdoor decorative lights is further fueling the market growth. However, high initial installation cost is a major factor expected to restrain the market growth. Whereas, emergence of innovative smart lighting controls offering wireless connectivity and various other benefits presents huge opportunities for commercial landscape lighting manufacturers globally. Moreover, growing trend of smart cities worldwide is likely to create new avenues for commercial landscape lighting systems with integrated sensors and intelligent controls.
Key Features of the Study:
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