Outdoor Lighting Brightening Up Infrastructure Development Prospects
Where would humans be without light?! Sunlight allows people to perceive their surroundings and make use of them for their benefit. But, being diurnal creatures with a poor vision in the dark, humans need an artificial source of light to see at night. Thus, with the burgeoning population and expanding cities and towns, the demand for lights for outdoor settings is booming.
Lights are essential on streets, stadia, parking lots, tunnels, and in many other outdoor spaces. Therefore, P&S Intelligence expects the outdoor lighting market revenue to increase from $10.7 billion in 2019 to $23.8 billion by 2030, at a 7.3% CAGR between 2020 and 2030.
Lights are not only used for illuminating dark areas, but also for aesthetic and security purposes. Heinous crimes are often associated with the dark, since it allows criminals to slip away; hence, all the dark or poorly illuminated sections of major roads and public spaces are being equipped with bright and powerful lights.
Essentially, the rapid pace of urban infrastructure development is propelling the demand for outdoor lights. With people pouring into cities from rural areas, roads, hospitals, shopping malls, hotels, educational institutions, urban parks, stadia, and other structures are being created for public use.
Moreover, large residential societies and colonies are also being constructed. Since such settings have lots of open spaces, lights are important here after sunset. For instance, smart cities are being constructed around the world, including 100 in India and almost 500 in China, which is propelling the installation of outdoor lights.
Lights are essential on streets, stadia, parking lots, tunnels, and in many other outdoor spaces. Therefore, P&S Intelligence expects the outdoor lighting market revenue to increase from $10.7 billion in 2019 to $23.8 billion by 2030, at a 7.3% CAGR between 2020 and 2030.
Lights are not only used for illuminating dark areas, but also for aesthetic and security purposes. Heinous crimes are often associated with the dark, since it allows criminals to slip away; hence, all the dark or poorly illuminated sections of major roads and public spaces are being equipped with bright and powerful lights.
Essentially, the rapid pace of urban infrastructure development is propelling the demand for outdoor lights. With people pouring into cities from rural areas, roads, hospitals, shopping malls, hotels, educational institutions, urban parks, stadia, and other structures are being created for public use.
Moreover, large residential societies and colonies are also being constructed. Since such settings have lots of open spaces, lights are important here after sunset. For instance, smart cities are being constructed around the world, including 100 in India and almost 500 in China, which is propelling the installation of outdoor lights.
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