Report Ocean offers a thorough analysis of the Street and Roadway Lighting Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. This market research study on Street and Roadway Lighting Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.
Global Street and Roadway Lighting Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ over the forecast period 2022-2028.
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Street and Roadway Lighting plays an important role in the security and safety of the public places. It includes LEDs, Fluorescent Lamps, and High-intensity Discharge Lamps. The Street and Roadway Lighting market is expanding because of factors such as the rising demand of smart city infrastructure and growing demand for intelligent solution in street light systems.
According to China Government Smart City Project in 2019, From 2016 to 2021, China intends to encourage the development of 100 new smart cities to lead the country’s urban planning and development. Over 1,000 smart city pilot projects are ready for and under construction around the world, with China hosting approximately 500 of them, covering both small and large cities. Also according to the Verdict , UK in the spending on global smart cities is projected to grow from USD 221 billion to USD 442 billion during 2019-2025. Whereas, rising demand and growing R&D activities by market players are creating lucrative opportunities for the market expansion. However, the higher installation cost of Street and Roadway Lighting equipment hampers the market growth in the forecast period.
The key regions considered for the Global Street and Roadway Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominates the space in terms of revenue, owing to the rising demand for smart city infrastructure, cohesive government initiatives and investment in smart lighting, and awareness of energy saving program. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising penetration of market players and R&D activities
Major market players included in this report are:
GE Current
Cree Inc. (Wolfspeed Inc.)
Signify Holding
OSRAM Licht AG
DCD Technologies ME FZCO
Hubbell Inc
Zumbotel Group (Thorn Lighting)
LED roadway lighting Ltd
Acuity Brands, Inc.
Syska LED Lights Pvt. Ltd.
Recent Developments in the Market:
In April 2022 – Ams OSRAM has announced plans to invest EUR 800 million in the development of an LED plant in Malaysia. In addition, the company intends to invest significantly more in a new 8-inch LED front-end capacity in Malaysia to support advanced LED technologies and micro LED manufacturing.
In March 2021 – Cree Inc’s LED Products business unit has been acquired by Smart Global Holdings Inc. The acquisition is consistent with the company’s diversification strategy.
Global Street and Roadway Lighting Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Lighting type, Lighting Source, Offering, Power, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Lighting type:
Conventional
Smart Lighting
By Lighting Source:
LEDs,
Fluorescent Lamps,
High-intensity Discharge Lamp
By Offering:
Hardware (Lights and Bulbs, Luminaries, Control Systems),
Software
By Power:
Below 50W,
between 50-150W,
More Than 150W
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By Application:
Highways,
Street
Roadways
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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