Market drivers include municipal ordinances, national legislation, local lighting master plans, and lighting design standards
BOULDER, Colo., Oct. 3, 2023 /PRNewswire/ -- A new report from Guidehouse Insights examines the global market for light pollution-minimizing luminaires.
The proliferation of outdoor LED lighting is contributing to rapid increases in light pollution around the world, but luminaires can be designed to minimize the light pollution arising from outdoor illumination. According to a new report from Guidehouse Insights, the global market for light pollution minimizing luminaires installed for city parks and public areas, commercial and industrial (C&I) sites, parking areas, residential exteriors, and roads is estimated to grow from $222.7 million in 2023 to $627.1 million in 2032, at a compound annual growth rate (CAGR) of 12.2%.
"As research on the effects of nighttime light exposure on people and ecosystems advances, restrictions on outdoor lighting to limit pollution are becoming more widespread, and demand for light pollution minimizing luminaires is increasing," says Wendy Davis, senior research analyst with Guidehouse Insights. "Luminaire certification programs enable policymakers and lighting specifiers to identify and use lighting products that do not generate excess light pollution."
Light pollution advocacy has its origins in astronomy, but growing evidence of the deleterious effects of nighttime light exposure on people and other animals has made this issue resonate well beyond the scientific community.
However, the market for light pollution minimizing luminaires is nascent, and numerous challenges must be overcome before widespread adoption of these luminaires can be expected. Awareness of the negative effects of light pollution is low, abundant outdoor lighting is often perceived positively by users, and the availability of light pollution minimizing luminaires is inadequate in some regions. Further, opportunities to retrofit existing outdoor lighting are limited in areas with high adoption of LEDs due to their long operating lives, according to the report.
The report, Light Pollution Minimizing Luminaires, analyzes the global market for light pollution minimizing luminaires for five outdoor lighting applications: city parks and public areas, commercial and industrial site lighting, parking, residential exterior, and roads. The report discusses market drivers and barriers and issues recommendations to industry stakeholders for increasing adoption of light pollution minimizing luminaires. Revenue analyses through 2032 are segmented by global region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and construction type (new construction, retrofit). An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 16,500 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Light Pollution Minimizing Luminaires, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]
SOURCE Guidehouse Insights
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