The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Smart city growth around the world is predicted to stimulate innovation in LED street light manufacturing, propelling the market over the forecast period.

The global LED street light market is expected to grow from $9.71 billion in 2022 to $11.91 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. The global LED street light market size is expected to reach $25.57 billion in 2027 at a CAGR of 21.1%.

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 Global LED Street Light Market Segments Include:

• By Connectivity: Wired, Wireless
• By Sales Channels: Direct, Indirect
• By Applications: Retrofit, Retail And Hospitality, Outdoor, Offices, Architectural, Residential, Industrial, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global LED street light market in 2021.

Major Market Players in the LED street light market include Philips Lighting, Eaton Corporation PLC., OSRAM GmbH, Pkk Lighting Inc., Pemco Lighting Products LLC, Hubbell Inc., Cree Inc., GE Lighting, XtraLight LED Lighting Solutions.

Technological advances have emerged as a prominent trend in the LED street light industry. To strengthen their market position, major businesses in the LED street light market are introducing technologically advanced products. For example, GS Yuasa Corporation, a Japan-based firm that specialises in the development and manufacture of lead-acid and lithium-ion batteries for use in autos, motorcycles, and other applications, will launch the JRB2200 LED street light series in December 2020. The series was established with the goal of preserving energy and resources while also lowering expenses. The JRB2200 series provides unique features such as replacement light source and power units, angle adjustability, pole clamps for usage on various types of poles, and extensibility for the Internet of Things. The lights in the series follow LED street lighting regulations as well as general criteria for installing street lighting equipment.

The LED Street Light Global Market Report 2023  provides a LED street light market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The LED street light market forecast analyzes LED street light market size, LED street light market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

LED Street lights, also known as LED pedestrian lights, are energy-efficient replacements to traditional street lights such as high-pressure sodium (HPS) Street lights and road lamps used in cities, as well as within and around residences. These lights improve traffic safety and road conditions by making objects easier to see at night for pedestrians and automobiles.

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