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$11.8 Billion in the year 2024, is expected to reach US$16.5 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Streets & Roadways, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$9.8 Billion by the end of the analysis period. Growth in the Highways segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.7 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$2.7 Billion in the year 2024. 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 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% 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.

SCOPE OF STUDY:

The report analyzes the Street and Roadway Lighting market in terms of units by the following Segments, and Geographic Regions/Countries:

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.

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.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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