Market Research Report
Street and Roadway Lighting Market by Lighting Type (Conventional, and Smart), Light Source (LEDs, Fluorescent Lights, and HID Lamps), Wattage Type (<50W, 50W - 150W, and >150w), End User, Offering, and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||436092|
|Published||Content info||165 Pages
Delivery time: 1-2 business days
|Street and Roadway Lighting Market by Lighting Type (Conventional, and Smart), Light Source (LEDs, Fluorescent Lights, and HID Lamps), Wattage Type (<50W, 50W - 150W, and >150w), End User, Offering, and Region - Global Forecast to 2022|
|Published: February 3, 2017||Content info: 165 Pages||
According to the new market research report, the street and roadway lighting market is expected to grow from USD 7.21 billion in 2015 to USD 10.94 billion by 2022, at a CAGR of 6.03% between 2016 and 2022. The growth of the street and roadway lighting market could be attributed to the need for improvement in visibility and safety of drivers, riders, and pedestrians, growing urbanization, and increasing awareness regarding energy-efficient lighting systems. Also, the government mandates on energy consumption in most of the countries are supporting the growth of the street and roadway lighting market. However, high installation costs of smart lighting and lack of awareness about the payback period are the restraining factors for this market.
The luminaires segment is expected to dominate the hardware segment of the street and roadway lighting market during the forecast period. This growth is attributed to the increasing adoption of smart street lighting over conventional lighting across the world. Moreover, luminaires are being adopted for smart city projects in many countries such as India, China, and Japan. This also boosts the demand for luminaires.
This report covers the following regions: Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest rate between 2016 and 2022. This growth is attributed to the continuous drifting down of prices and government regulations phasing out older, less efficient lighting technologies.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts. The breakdown of the profiles of primary participants is given below:
The major players in the street and roadway lighting market are Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.)., OSRAM Licht AG (Germany), Eaton Corp Plc. (Ireland), and Hubbell Incorporated (U.S.), among others.
This report covers the offering segment, which consists of hardware, software, and services. In terms of light source, the street and roadway lighting market is segmented into LEDs, fluorescent lights, and HID lamps. The street and roadway lighting market also consists of lighting type that includes conventional lighting and smart lighting. The street and roadway lighting market is segmented on the basis of wattage type into less than 50W, between 50W and 150W, and more than 150W. Moreover, the street and roadway lighting market is categorized on the basis of end user into highways, street and roadways, and others which include tunnels and bridges. The entire street and roadway lighting market is divided on the basis of region into Americas, Europe, APAC, and RoW.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.