Street Lighting Market Trends, Analysis & Forecast, 2019 – 2025

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Street Lighting Market Size Growth During
Forecast Period.
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Key Insights from Street Lighting Market

• Street Lighting Market size is predicted to see
  lucrative gains in the coming years impelled by
  growing initiatives for providing safety and
  visibility on roads in dark conditions across the
  globe. These devices provide enhanced visibility
  to drivers and pedestrians, which is a crucial
  factor for road safety, further creating a high
  demand for streetlights.
• Increasing government investments and initiatives
  to develop public infrastructure facilities are
  promoting the street lighting market growth
  globally. The increasing need for sustainable and
  power-efficient light products has led to the
  development and adoption of solar lights.
  Additionally, the integration of LEDs into these
  devices provides features such as long lifetime,
  lower energy consumption, and reduced maintenance
  costs. Increasing smart city establishments
  across the globe are driving the market growth.

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Continued

• The traditional lights consume high power, have a
  shorter lifetime, and high replacement cost,
  majorly hindering the street lighting market. The
  installation process needs a new wiring setup,
  which will lead to the cost of wires, labor
  charges, and other expenses, further increasing
  overall installation cost.
• Additionally, owing to their fragile nature,
  luminaries require good packaging and
  transportation facilities, adding up to the
  product price. The technical developments, such
  as LEDs, solar-powered light, and smart lights,
  will support in overcoming the existing
  challenges, further fueling market expansion.
  External factors, such as import duties and rates
  on lighting solutions, lead to the increased
  price of the product, which will limit the
  industry development.

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Market research reports Key analytical components

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Major Companies in Street Lighting Market

• Philips Lighting N.V
• OSRAM GmbH
• K-LITE
• Panasonic
• Schneider Electric
• Toshiba Lighting
• Dimonoff Inc.
• Cree Inc.
• Legrand
• and General Electric Co

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Regional Insights Street Lighting Market

The Asia Pacific street lighting market is
growing due to the high manufacturing and
distribution of LED-based lighting systems and
the presence of major exporters of
energy-efficient light solutions. Several
governments in the Asia Pacific region have
implemented energy-saving policies, which include
the promotion of LED bulbs over the traditional
incandescent bulbs. The Smart City Mission is
an initiative by the Government of India for
economic growth and providing enhanced lifestyle
by enabling local development with advanced
technical support. Additionally, the rapid
development of smart cities in the U.S. and
Canada is leading to the development of
intelligent infrastructures with smart lighting,
fueling the market growth.
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