LED Street Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global LED street light market size reached US$ 10.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2028, exhibiting a growth rate (CAGR) of 14.01% during 2023-2028.
The LED technology has evolved significantly over time, which has led to a reduction in their production costs and simultaneous improvements in efficiency and performance characteristics. These enhancements have enabled the technology to be combined with roadway and exterior area lighting such as streetlights and floodlights. Nowadays, the incorporation of street lighting with energy-efficient, modern LED systems has presented numerous opportunities for building a secure and connected city lighting network. On account of their longer lifespan and lower energy consumption, various cities around the world have adopted LED streetlights.
Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial
Currently, LED lighting is majorly used for retrofitting purposes in which the inefficient light sources are replaced with LED lights in order to enhance optical performance and energy efficiency. The other major applications include retail & hospitality, outdoor, offices, architectural, residential and industrial.
Regional Insights:
India
China
Europe
United States
Japan
Brazil
Russia
Other Regions
On a regional basis, the report finds that China is the largest market for LED lighting, holding the majority of the global market share. This can be attributed to increasing urbanization, implementation of local energy saving targets and introduction of financial subsidies to promote the usage of LED lights across the nation.
Competitive Landscape:
The competitive landscape of the LED lighting industry has also been analyzed with details of the key players operating in the market across the globe.
Key Questions Answered in This Report
1. What is the global LED street lighting market growth ?
2. What are the global LED street lighting market drivers?
3. What are the key industry trends in the global LED street lighting market?
4. What is the impact of COVID-19 on the global LED street lighting market?
5. What is the global LED street lighting market breakup by application?
6. What are the major regions in the global LED street lighting market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global LED Lighting Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 LED Street Light Market
- 5.5 Market Breakup by Region
- 5.6 Market Breakup by Application
- 5.7 Market by LED Products: LED Lamps, Modules and Fixtures
- 5.7.1 Current and Historical Market Trends
- 5.7.2 Market Forecast
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Primary Raw Materials Suppliers
- 5.10.2 LED Chip Manufacturers
- 5.10.3 LED Package and Module Manufacturers
- 5.10.4 Lighting Products, Electronic Products and Automotive Part Manufacturers
- 5.10.5 Product Distribution
- 5.10.6 End Users
- 5.11 Porter’s Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Key Success and Risk Factors for LED Street Light Manufacturers
- 5.13 Comparative Analysis of CFL and LED
- 5.14 Price Analysis
- 5.14.1 Key Price Indicators
- 5.14.2 Price Structure
- 6 Performance of Key Regions
- 6.1 India
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 China
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Europe
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 United States
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Japan
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Brazil
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Russia
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Other Regions
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
- 7 Market by Application
- 7.1 Retrofit
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Retail & Hospitality
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Outdoor
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Offices
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Architectural
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Residential
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Industrial
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 8 Competitive Landscape
- 8.1 Market Structure
- 8.2 Market breakup by Key Players
- 9 LED Street Light Manufacturing Process
- 9.1 Product Overview and Specifications
- 9.2 Key Features and Advantages
- 9.3 Key Application Areas
- 9.3.1 Residential Street Lighting
- 9.3.2 Highways and Interchanges
- 9.3.3 Railway Crossings
- 9.3.4 Tunnels
- 9.3.5 Bridges
- 9.3.6 Housing Complexes and Warehouses
- 9.4 Popular Shapes and Sizes
- 9.5 Design Material Alternatives
- 9.5.1 Aluminium Die Cast Frame
- 9.5.2 Aluminium Die Cast Frame with Metallic Silver/Grey Finish
- 9.5.3 Aluminium Die Cast Frame with UV Treated Coating
- 9.5.4 Nylon Plastic Material Frame
- 9.5.5 Plastic Lens or Tempered Glass Lens
- 9.6 Manufacturing Process
- 9.7 Raw Material Requirements
- 9.8 Raw Material Pictures
- 10 Project Details, Requirements and Costs Involved
- 10.1 Land Requirements and Expenditures
- 10.2 Construction Requirements and Expenditures
- 10.3 Plant Machinery
- 10.4 Machinery Pictures
- 10.5 Raw Material Requirements and Expenditures
- 10.6 Raw Material and Final Product Pictures
- 10.7 Packaging Requirements and Expenditures
- 10.8 Transportation Requirements and Expenditures
- 10.9 Utility Requirements and Expenditures
- 10.10 Manpower Requirements and Expenditures
- 10.11 Other Capital Investments
- 11 Loans and Financial Assistance
- 12 Project Economics
- 12.1 Capital Cost of the Project
- 12.2 Techno-Economic Parameters
- 12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 12.4 Taxation and Depreciation
- 12.5 Income Projections
- 12.6 Expenditure Projections
- 12.7 Financial Analysis
- 12.8 Profit Analysis
- 13 Key Player Profiles
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