Europe Street Lighting Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Europe Street Lighting market is expected to register a CAGR of 10.5% from 2022 to 2027. The primary factor driving the market's growth is the growing demand for energy-efficient lighting systems, increasing awareness regarding the low power consumption associated with LED lighting, and rising adoption of smart cities in the European region.
Key HighlightsThe competition in the Europe street lighting market appears moderate as few of the major players currently hold significant market share in the region. These major players offer innovative street lighting technologies and are involved in mergers and acquisitions to gain a competitive edge over others. Major players in the Europe street lighting market include Eaton Corporation PLC, Cree Inc., Signify Holding, OSRAM Gmbh, and General Electric Company., among others.
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