Street and Roadway Lighting - Global Strategic Business Report

The global market for Street and Roadway Lighting was valued at an estimated US$11.2 Billion in 2023 and is projected to reach US$16.5 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the street and roadway lighting market is driven by several factors, including technological advancements, increasing urbanization, and the global push for energy efficiency. The rapid development and decreasing costs of LED technology have been pivotal, offering superior performance and lower operating costs compared to traditional lighting solutions.

The rise of smart cities and the Internet of Things (IoT) has also spurred demand for connected lighting systems that offer features such as remote monitoring, fault detection, and adaptive lighting controls. Government initiatives and regulatory mandates aimed at reducing energy consumption and carbon emissions are further propelling the adoption of energy-efficient lighting technologies. Additionally, consumer awareness and demand for sustainable and eco-friendly solutions are influencing market trends. These factors collectively contribute to the robust growth and transformation of the street and roadway lighting market, making it a critical component of modern urban infrastructure.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Below 50 W Lighting segment, which is expected to reach US$4.4 Billion by 2030 with a CAGR of a 5.4%. The 50 - 150 W Lighting segment is also set to grow at 6.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.6 Billion in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $3.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Street and Roadway Lighting Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Street and Roadway Lighting Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Street and Roadway Lighting Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Acuity Brands, Inc., Bridgelux, Inc., ClaroLux Landscape Lighting, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 148 Featured):

• Acuity Brands, Inc.
• Bridgelux, Inc.
• ClaroLux Landscape Lighting
• Cree Lighting
• DCD Technologies
• Forus Electric Private Limited
• Hubbell Inc
• ams-OSRAM AG
• Signify Netherlands B.V.
• Syska LED Lights Pvt. Ltd.