The Demand of Outdoor Lighting Market Will Drastically Increase in the Future Due to Increasing Focus on Infrastructure Development
The global outdoor lighting market, which generated $10.7 billion in 2019, would grow at a 7.3% CAGR between 2020 and 2030, to reach $23.8 billion by 2030. This is simply because, as more roads and highways are constructed, an increasing number of lighting fixtures would be installed along them. Moreover, the sale of automobiles is surging in developing countries, which is also pushing the rate of road transport infrastructure development.
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