Global Street and Roadway Lighting Market, By Lighting Type (Conventional Lighting, Smart Lighting), Light Source (LEDs, Fluorescent Lights, HID Lamps), Wattage Type (Less than 50W, Between 50W and 150W, More than 150W), End User (Highways, Street and Roadways, Others), Offering (Hardware, Software, Services), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Street and Roadway Lighting Market
The street and roadway lighting market is expected to witness market growth at a rate of 5.96% in the forecast period of 2021 to 2028. Data Bridge Market Research report on street and roadway lighting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for intelligent solutions in street lighting systems is escalating the growth of street and roadway lighting market.
Street and Roadway Lighting are significant to offer an energy effective lighting system that encounters the standard design criteria for the roadway lighting. It offers sufficient and uniform lighting on the roads for the safety of both drivers and pedestrians.
Major factors that are expected to boost the growth of the street and roadway lighting market in the forecast period are the rise in the requirement for enhancement in the visibility and the security of the drivers, riders, and pedestrians. Furthermore, the modernization and the growth of the infrastructure like the smart cities is further anticipated to propel the growth of the street and roadway lighting market. Also, the upsurge in the demand for the energy efficient lighting systems is further estimated to cushion the growth of the street and roadway lighting market. On the other hand, the absence of alertness about the payback period and the rise in the high installation expenses of the smart lighting is further projected to impede the growth of the street and roadway lighting market in the timeline period.
In addition, the energy efficiency in the advancing countries and the growth of the wireless technology for the street lighting systems will further provide potential opportunities for the growth of the street and roadway lighting market in the coming years. However, the absence of common open standards and the speedily growing of the expenses of the product testing might further challenge the growth of the street and roadway lighting market in the near future.
This street and roadway lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on street and roadway lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Street and Roadway Lighting Market Scope and Market Size
The street and roadway lighting market is segmented on the basis of lighting type, light source, wattage type, offering and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of lighting type, the street and roadway lighting market is segmented into conventional lighting, and smart lighting. Smart lighting is further sub segmented into communication technology. Communication technology is further sub segmented into wired technology and wireless technology.
- On the basis of light source, the street and roadway lighting market is segmented into LEDs, fluorescent lights, and HID Lamps. HID lamps are further sub segmented into mercury vapor lamps (MVL), high-pressure sodium (HPS) lamps and metal halides and induction lamps.
- On the basis of wattage type, the street and roadway lighting market is segmented into less than 50W, between 50W and 150W, and more than 150W.
- On the basis of offering, the street and roadway lighting market is segmented into hardware, software, and services. Hardware is further sub segmented into lights and bulbs, luminaires and control systems. Services is further sub segmented into pre-installation and post-installation. Pre-installation is further sub segmented into design and installation. Post-installation is further sub segmented into maintenance and support.
- On the basis of end user, the street and roadway lighting market is segmented into highways, street and roadways, and others. Others is further sub segmented into bridges and tunnels.
Street and Roadway Lighting Market Country Level Analysis
The street and roadway lighting market is analysed and market size, volume information is provided by country, lighting type, light source, wattage type, offering and end user as referenced above.
The countries covered in the street and roadway lighting market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the street and roadway lighting market due to the rise in the smart city initiatives. Furthermore, the increase in the initiatives taken by the governments for the acceptance in the LED technology for the roadway and highway applications will further boost the growth of the street and roadway lighting market in the region during the forecast period. Europe is projected to observe significant amount of growth in the street and roadway lighting market due to the strict government guidelines regarding the lighting effectiveness.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Street and Roadway Lighting Market Share Analysis
The street and roadway lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to street and roadway lighting market.
The major players covered in the street and roadway lighting market report are Koninklijke Philips N.V., Cree, Inc., General Electric Company, Eaton, OSRAM Opto Semiconductors GmbH., ACUITY BRANDS LIGHTING, INC., Hubbell., Dongguan Kingsun Optoelectronic Co., Ltd., Thorn, LED ROADWAY LIGHTING LTD, Syska, Virtual Extension, CIMCON Lighting, Inc., AGC Inc., Electrolite Fitting & Equipments., Cree Lighting., SpecGrade LED, LEDVANCE GmbH., SKYLER TEK, Inc. dba SKYLER LED Lighting, Zhongshan Ledcent Optoelectronics Technology Co.,Ltd, Itron Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-