Outdoor Lighting Market to Touch USD 25.2 Billion at 15.02% CAGR by 2027 | Outdoor Lighting Industry is Growing Due to Adoption of IoT Technology New York, US, June 15, 2021 (GLOBE NEWSWIRE) -- Market Analysis: The global outdoor lighting market size is anticipated to touch USD 25.2 billion at a 15.0% CAGR over the forecast period (2020- 2027), reveals the current Market Research Future (MRFR) report. Outdoor lighting is the fixed artificial lighting to illuminate the outdoor areas. It is used for adding aesthetic appeal and increasing security and safety. Enhancing Features to Spur Market Growth As per the MRFR report, there are numerous factors that are propelling the global outdoor lighting market share. Some of these entail the growing adoption of affordable and energy-efficient products, rising government focus on energy conversations, development of wireless technologies for outdoor lighting systems, adoption of IoT technology for smart street lighting and smart city projects, growing adoption of energy-efficient lighting solutions, rising government initiatives towards energy efficiency, rising infrastructure development, growing population, and rising disposable income.