The global market for Street and Roadway Lighting was valued at US$11.8 Billion in 2024 and is projected to reach US$16.5 Billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The implementation of street and roadway lighting varies globally, influenced by urbanization rates, economic conditions, and regulatory frameworks. In developed regions, comprehensive lighting plans are integral to urban planning, aimed at improving safety, reducing crime, and enhancing the aesthetic appeal of public spaces. In contrast, developing regions are increasingly investing in lighting infrastructure to support economic growth and improve quality of life. The integration of renewable energy sources, such as solar power, into street lighting systems is gaining traction, particularly in areas with limited access to stable electricity grids. Solar-powered street lights offer a sustainable solution by harnessing sunlight during the day and providing illumination at night, thereby reducing dependency on fossil fuels and lowering carbon footprints.
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.
Global Street and Roadway Lighting Market - Key Trends & Drivers Summarized
Street and roadway lighting is an essential aspect of urban infrastructure, ensuring safety and visibility for both pedestrians and drivers. Modern street lighting systems are typically powered by electricity and use a variety of light sources, including high-pressure sodium lamps, metal halide lamps, and increasingly, light-emitting diodes (LEDs). The evolution from traditional incandescent and fluorescent lamps to more energy-efficient LED technologies has significantly reduced energy consumption and maintenance costs. LEDs offer longer lifespans, better light quality, and reduced environmental impact, making them the preferred choice for new installations and retrofitting existing systems. Advances in smart lighting technologies also allow for adaptive lighting controls, enabling dynamic adjustment of light levels based on traffic and pedestrian presence, which further enhances energy efficiency and safety.The implementation of street and roadway lighting varies globally, influenced by urbanization rates, economic conditions, and regulatory frameworks. In developed regions, comprehensive lighting plans are integral to urban planning, aimed at improving safety, reducing crime, and enhancing the aesthetic appeal of public spaces. In contrast, developing regions are increasingly investing in lighting infrastructure to support economic growth and improve quality of life. The integration of renewable energy sources, such as solar power, into street lighting systems is gaining traction, particularly in areas with limited access to stable electricity grids. Solar-powered street lights offer a sustainable solution by harnessing sunlight during the day and providing illumination at night, thereby reducing dependency on fossil fuels and lowering carbon footprints.
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.
Scope of the Study
The report analyzes the Street and Roadway Lighting market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Wattage Type (Below 50 W, 50 - 150 W, Above 150 W); End-Use (Streets & Roadways, Highways, Other End-Uses).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Below 50 W Street and Roadway Lighting segment, which is expected to reach US$4.4 Billion by 2030 with a CAGR of a 5.4%. The 50 - 150 W Street and Roadway Lighting segment is also set to grow at 6.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $2.7 Billion in 2024, and China, forecasted to grow at an impressive 8.3% CAGR to reach $3.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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, Cree Lighting, DCD Technologies and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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?
Some of the 148 major companies featured in this Street and Roadway Lighting market report include:
- 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.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 297 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 11.8 Billion |
| Forecasted Market Value ( USD | $ 16.5 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
