Street lights are used to provide lights on the road. Street and roadway lights are the crucial part of the road as they provide safety and security to the public. They provide enough light to see substantial objects attempted to cross the roads. It helps to prevent the threats of night accidents.
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Strategic launches of products and expansion of businesses undertaken by market players:
The market is segmented on the basis of lighting type as conventional lighting, smart lighting; light source as LEDs, fluorescent lights, hid lamps; wattage type as less than 50w, between 50w and 150w, more than 150w; end user as highways, street and roadways, others; offering as hardware, software, services.
“According to Data Bridge Market Research, Global Street And Roadway Lighting Market is expected to grow with a substantial CAGR of 6.3% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Koninklijke Philips N.V., Cree, Inc., GENERAL ELECTRIC, Eaton, OSRAM GmbH, ACUITY BRANDS LIGHTING, INC., Hubbell., Dongguan Kingsun Optoelectronic Co., Ltd., Thorn, LED ROADWAY LIGHTING LTD, Syska, Virtual Extension, CIMCON Lighting, Inc., AGC Lighting, Electrolite Fitting & Equipments., Cree Lighting., SpecGrade LED, LEDVANCE GmbH., SKYLER TEK dba SKYLER LED Lighting and Zhongshan LEDcent Optoelectronics Technology Co.,Ltd among others.
Street and roadway lighting is the important part of the safety of the people travelling on the road. To improve the condition of the street lights, manufacturers have undergoing various innovations in the development of wireless technology for street lighting system. In developing countries, there is need to improve the energy efficiencies that help to decrease the number of road accidents as well.
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Global Street and Roadway Lighting Market – Industry Trends and Forecast to 2026