Street and Roadway Lighting

Street and Roadway Lighting

Global Street and Roadway Lighting Market to Reach US$16.5 Billion by 2030

The global market for Street and Roadway Lighting estimated at US$11.2 Billion in the year 2023, is expected to reach US$16.5 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Below 50 W Lighting, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the 50 - 150 W Lighting segment is estimated at 6.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 8.3% CAGR

The Street and Roadway Lighting market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

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.

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.

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