Global Street Lighting Market Growth 2024-2030

Global Street Lighting Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Street Lighting market size was valued at US$ 8843.2 million in 2023. With growing demand in downstream market, the Street Lighting is forecast to a readjusted size of US$ 11350 million by 2030 with a CAGR of 3.6% during review period.

The research report highlights the growth potential of the global Street Lighting market. Street Lighting are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Street Lighting. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Street Lighting market.

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.

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.

Key Features:

The report on Street Lighting market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Street Lighting market. It may include historical data, market segmentation by Type (e.g., Traditional Lighting, LED Lighting), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Street Lighting market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Street Lighting market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Street Lighting industry. This include advancements in Street Lighting technology, Street Lighting new entrants, Street Lighting new investment, and other innovations that are shaping the future of Street Lighting.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Street Lighting market. It includes factors influencing customer ' purchasing decisions, preferences for Street Lighting product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Street Lighting market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Street Lighting market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Street Lighting market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Street Lighting industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Street Lighting market.

Market Segmentation:

Street Lighting market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

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?

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