Impact of COVID-19 on the Outdoor Lighting Market
Outdoor lighting consists of fixed artificial lights used to illuminate outdoor areas and is used for enhancing or maintaining the visual performance of an individual. The rising adoption of these lights is driving the growth of the market. The spread of the COVID-19 pandemic has compelled the governments of several countries to prohibit outdoor activities from curbing the spread of the virus. During the initial phase of the pandemic, i.e., Q1 of 2020, lockdowns were imposed, resulting in the temporary closure of stadiums, parks, and restrictions on travel, which lowered the adoption of outdoor lighting. The spread of the COVID-19 pandemic has significantly impacted the sales of outdoor lighting systems and thus hindered the growth of the market. Besides, the decrease in the sales of energy-efficient LEDs, fluorescent lights, and other lamps is also hampering the growth of the market. China is a hub for raw materials and a major producer of lighting products but is also the country where the coronavirus originated. The halt in the export of raw materials from China to other countries of the world has slowed down the production of various types of lighting products and systems, which, in turn, has affected the growth of the market.
The delays caused in the construction of new stadiums, tunnels, parks, roadways, and other projects have lowered the adoption of outdoor lighting, negatively impacting the growth of the market. On the flip side, IoT-based street lighting systems are being used to measure the number of people around them to validate agglomerations and violations of social distancing accurately. According to MRFR analysis, Europe is expected to dominate the market owing to the presence of a large number of prominent market players as well as government initiatives in favor of smart lighting control systems.
Number of Electrical Lighting Equipment Manufacturers in the UK from 2014 to 2019