Global Street Lighting Market Growth 2023-2029

Global Street Lighting Market Growth 2023-2029

A street light, light pole, lamppost, street lamp, light standard, or lamp standard is a raised source of light on the edge of a road or path. When urban electric power distribution became ubiquitous in developed countries in the 20th century, lights for urban streets followed, or sometimes led. Many lamps have light-sensitive photocells that activate automatically when light is or is not needed: dusk, dawn, or the onset of dark weather. This function in older lighting systems could have been performed with the aid of a solar dial. Many street light systems are being connected underground instead of wiring from one utility post to another.

LPI (LP Information)' newest research report, the “Street Lighting Industry Forecast” looks at past sales and reviews total world Street Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected Street Lighting sales for 2023 through 2029. With Street Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Street Lighting industry.

This Insight Report provides a comprehensive analysis of the global Street Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Street Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Street Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Street Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Street Lighting.

The global Street Lighting market size is projected to grow from US$ 8843.2 million in 2022 to US$ 11350 million in 2029; it is expected to grow at a CAGR of 11350 from 2023 to 2029.

The global street lighting market is expected to witness considerable growth in the coming years due to the rising support from the governments of several countries across the globe. Government initiatives such as subsidies and discounts for the adoption of solar lighting help improve the living conditions of individuals. Countries in Asia and Africa have already introduced several schemes to improve street lighting. Moreover, there is also in increased partnership between international organizations, local governments, and regional NGOs to improve street lighting systems, which will subsequently drive the growth of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Street Lighting market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Traditional Lighting
LED Lighting

Segmentation by application
Highways
Roadways

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Lighting
OSRAM
Panasonic
Acuity Brands
Cree

Key Questions Addressed in this Report

What is the 10-year outlook for the global Street Lighting market?

What factors are driving Street Lighting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Street Lighting market opportunities vary by end market size?

How does Street Lighting break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.