The Outdoor Landscape Lighting Market is projected to expand by USD 746.3 million at a CAGR of 6.02% between 2023 and 2028. This growth can be attributed to the increasing adoption of LED lighting in various applications. LED technology is recognized for its energy efficiency, long lifespan, and flexibility, making it a popular choice for outdoor environments. Furthermore, rapid technological advancements in the lighting industry are giving rise to innovative solutions, such as smart lighting systems and wireless controls, which are becoming increasingly appealing to consumers. However, the inadequate performance of LED lighting at high temperatures remains a significant challenge for market growth. Manufacturers are actively addressing this concern by enhancing LED products with improved thermal management features. Overall, Technavio forecasts steady growth in the market over the next few years, driven by these trends and ongoing technological developments.

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