PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182014
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182014
Global Street and Roadway Lighting Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Street and Roadway Lighting plays an important role in the security and safety of the public places. It includes LEDs, Fluorescent Lamps, and High-intensity Discharge Lamps. The Street and Roadway Lighting market is expanding because of factors such as the rising demand of smart city infrastructure and growing demand for intelligent solution in street light systems.
According to China Government Smart City Project in 2019, From 2016 to 2021, China intends to encourage the development of 100 new smart cities to lead the country's urban planning and development. Over 1,000 smart city pilot projects are ready for and under construction around the world, with China hosting approximately 500 of them, covering both small and large cities. Also according to the Verdict , UK in the spending on global smart cities is projected to grow from USD 221 billion to USD 442 billion during 2019-2025. Whereas, rising demand and growing R&D activities by market players are creating lucrative opportunities for the market expansion. However, the higher installation cost of Street and Roadway Lighting equipment hampers the market growth in the forecast period.
The key regions considered for the Global Street and Roadway Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominates the space in terms of revenue, owing to the rising demand for smart city infrastructure, cohesive government initiatives and investment in smart lighting, and awareness of energy saving program. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising penetration of market players and R&D activities
Major market players included in this report are:
GE Current
Cree Inc. (Wolfspeed Inc.)
Signify Holding
OSRAM Licht AG
DCD Technologies ME FZCO
Hubbell Inc
Zumbotel Group (Thorn Lighting)
LED roadway lighting Ltd
Acuity Brands, Inc.
Syska LED Lights Pvt. Ltd.
Recent Developments in the Market:
Global Street and Roadway Lighting Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Lighting type, Lighting Source, Offering, Power, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Lighting type:
Conventional
Smart Lighting
By Lighting Source:
LEDs,
Fluorescent Lamps,
High-intensity Discharge Lamp
By Offering:
Hardware (Lights and Bulbs, Luminaries, Control Systems),
Software
By Power:
Below 50W,
between 50-150W,
More Than 150W
By Application:
Highways,
Street
Roadways
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable