Street and Roadway Lighting Market Unprecedented Growth and Future Trends 2023-2030 | Koninklijke Philips, Cree, General Electric

The Street and Roadway Lighting Market is the global market for lighting products and services used to illuminate streets, highways, and other roadways. The market includes a wide range of products, such as light fixtures, bulbs, and control systems. From 2022 to 2030, the street and roadway lighting market is estimated to reach USD 13.8 billion, increasing at a CAGR of 5.3%.

Market Growth:
The street and roadway lighting market is gaining momentum due to the growing need for improved visibility and safety for drivers, riders, and pedestrians. With the increasing number of vehicles on the road and the growing population of pedestrians and cyclists, the need for improved lighting is becoming more important. Urbanization is also driving the growth of the market, as cities expand and require new roads and lighting. Energy-efficient lighting systems like LED street lights are becoming popular due to their lower energy consumption, longer lifespan, and reduced maintenance costs. Government orders on energy consumption are also driving the demand for these systems. The growing demand for clean and renewable energy, such as solar-powered street lights, is also driving the growth of the market. Smart city technologies are also expected to boost the market, allowing for more efficient control and management of lighting systems.

The Top Players in Street and Roadway Lighting market:
Koninklijke Philips, Cree, General Electric, Eaton, Osram Licht, Acuity Brands, Hubbell, Kingsun Optoelectronic, Thorn Lighting, LED Roadway Lighting, Syska LED, Virtual Extension & Others.

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Street and Roadway Lighting by Segmentation:

By Type:
Conventional Lighting

Smart Lighting

By Application:
Highways

Street and Roadways

Others

Reasons to Purchase This Report:
The updated research, available as an extract, also includes the option to acquire premium features that cover extensive historical, present, and future data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and, region, and, as a result, provides a holistic view of, as well as a deep insight into the Emergency Medical Service (EMS) Software market covering all its essential aspects.

Geographically analysis:
North America, Europe, Asia Pacific, and South and Central America dominate the street and roadway lighting market. Because of its well-developed transportation infrastructure and strong demand for energy-efficient lighting solutions, North America is likely to remain the largest market. Europe is also a significant market, with demand for LED-based street lighting systems being driven by sustainability and energy efficiency. Asia Pacific is the fastest-growing area, with rapidly expanding transportation infrastructure and increased investment in smart city initiatives. Despite its modest size, South and Central America are predicted to develop significantly as a result of investments in transportation infrastructure and smart city initiatives.

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Street and Roadway Lighting Market  Future Benefits & Future Trends:

Future Benefits:
The future of street and roadway lighting holds significant promise for energy efficiency and environmental sustainability. LED technology, coupled with smart lighting systems, will lead to reduced energy consumption and lower operational costs for municipalities. Additionally, adaptive lighting controls will enhance safety by adjusting brightness based on real-time conditions, reducing light pollution, and providing better visibility for pedestrians and drivers.

Future Trends:
The future of street and roadway lighting will witness a shift towards intelligent, connected lighting systems. These systems will incorporate sensors and data analytics to monitor traffic patterns, detect accidents, and even support the implementation of autonomous vehicles. Solar-powered and self-sustaining lighting solutions will become more prevalent, contributing to green urban development.

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Research methodologies:
The street and roadway lighting market research involves defining market scope, segmenting based on lighting type, source, offering, power, application, and geography. Data comes from primary (surveys, interviews) and secondary (government reports) sources, analyzed for trends. Market forecasting is done for the whole market and segments, followed by drawing conclusions, recommendations, and identifying trends, opportunities, and strategies. Methods include surveys, interviews, focus groups, and quantitative/qualitative secondary research, chosen based on study goals like understanding consumer needs or forecasting growth.

Following Chapter Covered in the Street and Roadway Lighting Market Research:
Chapter 1- Provides an overview of Street and Roadway Lighting market, containing global revenue and CAGR. The forecast and analysis of market by type, application, and region are also presented in this chapter.
Chapter 2- Describes the market environment and major players. It provides basic information of these players along with competitive situation and market concentration status.
Chapter 3- Introduces the industrial chain of Street and Roadway Lighting. In this chapter, industrial chain analysis, raw materials (suppliers, price, supply and demand, market concentration rate), and downstream buyers are analysed.
Chapter 4- Concentrates on manufacturing analysis, including cost structure analysis and process analysis, constituting a comprehensive analysis of manufacturing cost.
Chapter 5- Provides clear insights on market dynamics, impact of COVID-19 on industries, and analysis of consumer behaviour.
Chapter 6- Provides a full-scale analysis of major players in Street and Roadway Lighting industry. Basic information is provided as well as profile, applications, and specifications of product market performance along with business overview.
Chapter 7- Pays attention to the sales, revenue, price, and gross margin of Street and Roadway Lighting in different geographical markets. This part covers the analysis of sales, revenue, price, and gross margin in the global market.
Chapter 8- Gives a worldwide view of the market. It includes sales, revenue, price, market share, and growth rate by type.
Chapter 9- Focuses on the application of Street and Roadway Lighting, by analysing the consumption and growth rate of each application.
Chapter 10- Forecasts the entire Street and Roadway Lighting market, including global sales and revenue forecasts, as well as regional forecasts. It also foresees the Street and Roadway Lighting market by type and application.

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