Global Street and Roadway Lighting Market size, Insights, Prospects

Posted by nileshdbmr on January 31st, 2020

Global Street and Roadway Lighting Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Street and Roadway Lighting Market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Global street and roadway lighting market is to register a substantial CAGR of 6.3 % in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed development of modernization and infrastructure to improve the visibility and safety,

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Segmentation: Global Street and Roadway Lighting Market

  • By Lighting Type (Conventional Lighting, Smart Lighting)
  • By Light Source (LEDs, Fluorescent Lights, HID Lamps), Wattage Type (Less than 50W, Between 50W and 150W, More than 150W), End User (Highways, Street and Roadways, Others), Offering (Hardware, Software, Services), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Major Market Competitors/Players: Global Street and Roadway Lighting Market

Few of the major competitors currently working in the Global Street and Roadway Lighting Market are Koninklijke Philips N.V., Cree, Inc., GENERAL ELECTRIC, Eaton, OSRAM GmbH, ACUITY BRANDS LIGHTING, INC., Hubbell., Dongguan Kingsun Optoelectronic Co., Ltd., Thorn, LED ROADWAY LIGHTING LTD, Syska, Virtual Extension, CIMCON Lighting, Inc.,  AGC Lighting, Electrolite Fitting & Equipments.,  Cree Lighting., SpecGrade LED, LEDVANCE GmbH., SKYLER TEK dba SKYLER LED Lighting, Zhongshan Ledcent Optoelectronics Technology Co.,Ltd amongst others.

Street lights are the lights used on the roadsides to provide light on the roads. Street lighting is an important element for road maintenance that allows people to continue on the highway securely. Street lighting systems don't ever bring the same daylight appearance, but will provide enough light for individuals to see substantial objects attempted to cross the street. Street lighting plays a major role in decreasing the threat of night-time accidents.

Market Drivers:

  • Improvement of chauffeurs, riders and pedestrian’s visibility and safety is driving the growth of the market
  • Development of modernization and infrastructure, such as smart cities is propelling the growth of the market
  • Need for efficient power lighting installation is boosting the growth of the market
  • Increasing supply in street lighting technologies for smart methods is contributing to the growth of the market

Market Restraints:

  • Absence of alertness about the reimbursement duration
  • Huge accession charge of Smart Lighting

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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Joined: September 27th, 2019
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