North America Outdoor Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Outdoor Lighting Industry Overview

Due to the presence of numerous market players in the region, competition in the North American Outdoor lighting market appears to be fierce, and the market appears to be moderately fragmented. These major players offer innovative lighting technologies to gain market share and engage in mergers and acquisitions. Signify Holding, Acuity Brands, GE Current, and others are major North America Outdoor lighting market players.

• February 2022 - The Alabama City Council approved a USD 4.7 million cost-cutting agreement with NORESCO Energy Services to begin installing LED lights throughout the city in an effort to make the streetlights more energy-efficient.Furthermore, the Town of Blountsville signed a contract with Alabama Power for new LED streetlights in April 2022. The town's expenses will be spread out over three years, which will lower the price. The town will save an estimated USD 128 per month along with the power savings plan.
• December 2022 - Redlands, California, has begun a USD 1.3 million project to replace its streetlights with energy-saving LEDs. This initiative has the potential to save the city approximately USD 500,000 per year. The project to convert the city's streetlights to LED is expected to begin in December 2022 and conclude in early 2023.