Email
Password
Remember meForgot password?
    Log in with Twitter
Press Release

Street Lighting Market Is Expected to Witness Exponential Growth by 2021

Persistence Market Research analyzes the Street Lighting Market and trends influencing the market.

This press release was orginally distributed by SBWire

New York, NY -- (SBWIRE) -- 12/29/2016 -- Street light is a raised source of light on the edge of a road, which is mainly used to provide light. Street lighting plays a crucial role in the safety and security of our streets and public places. Street lighting is mainly used in highways and roadways in order to illuminate the driving route safe and convenient in night. Various types of street lighting are incandescent light, fluorescent light, mercury vapor light, metal halide light, induction light, solar light, high pressure sodium light and light-emitting diode (LED). Apart from highways street light is also used in commercial, industrial and residential purpose mainly in garden, hotels and bridge. Investment by multinational companies on street light in design, production and application helps in the growth of street lighting market.

Request to view Sample Report @ http://www.persistencemarketresearch.com/samples/3736

Street light is used in performance monitoring activities such as in traffic control conditions and weather conditions. Falling LED prices, various initiatives and projects by government to make city smarter and reducing carbon emissions are some of the key issue which leads to drive the global street lighting market. Growing urbanization and product up gradation are also some of the key factor for growth of global street lighting market. Various street lighting manufactures focuses on several issues such low energy consumption, long predictable lifetime, accurate color rendering, low electrical losses, light pollution and introducing environmental friendly street lighting system such as solar street light. Such initiative further helps in the growth of global street lighting market.

Many global brands such as Philips, Honeywell and Osram offers customize products in the market with emphasis on latest technology, quality, innovation and value combined with better after-sales services. Growing investment over research and development on various street lighting and introduction of new technology such as wireless, sensor based street light further helps in the growth of street lighting market. The total number of global street light in 2013 is around 281.4million, this number is expected to reach 339.0 million by 2025. Such growth in number of street lighting further boosts the global street lighting market. Asia pacific is one of the prominent markets for growth of street lighting. Recently in a street light project, Chinese government provided strong incentives to replace streetlights with LED-based streetlights due to its great energy savings efficiency. Such project by government also helps in the market growth of street light. Asia Pacific is expected to witness fastest growth rates in street lighting market during forecasted period 2014- 2020. In North America, the U.S holds the largest market share in street lighting market. Introduction of new and innovative products in the street lighting further boost the street lighting market. The global street lighting market is expected to grow in a single digit growth rate during forecasted period 2014- 2020.

Request to view Table of content @ http://www.persistencemarketresearch.com/toc/3736

Some of the major companies operating in global street lighting market are Bridgelux, Cree, GE Lighting, Acuity Brands, Inc., Digital Lumens, Inc., Encelium Technologies, Inc., Honeywell International, Legrand S.A., Lutron Elecronics, Co., Osram Licht AG, Royal Philips Electronics N.V. ,Streetlight.Vision, Cooper Lighting division, Siemens, Matsushita Electric Industrial Co., Bajaj Electricals and Zumtobel AG.

About Persistence Market Research
Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

For more information on this press release visit: http://www.sbwire.com/press-releases/street-lighting-market-is-expected-to-witness-exponential-growth-by-2021-755352.htm

Media Relations Contact

Rahul Singh
Marketing Manager
Persistence Market Research
Telephone: 800-961-0353
Email: Click to Email Rahul Singh
Web: http://www.persistencemarketresearch.com/market-research/street-lighting-market.asp

Latest News
Top News