The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: Shedding Light on Market Dynamics

• Recent growth: Strong growth observed in the street and roadway lighting market.
• Forecasted growth: Expected to reach $10.68 billion in 2024, with a CAGR of 7.1%.
• Factors driving growth: Community demands, energy conservation, LED technology, government regulations.

Anticipated Growth and Emerging Trends

• Forecasted growth: Expected to reach $13.95 billion in 2028, with a CAGR of 6.9%.
• Factors driving growth: Smart city initiatives, environmental concerns, IoT integration, urban infrastructure expansion.
• Major trends: LED technology advancements, smart lighting controls, sustainability initiatives, safety enhancements.

Increased Road Transportation Fuels Market Growth

• Influence of road transportation: Propelling market forward.
• Example: Growth in vehicle miles driven reported by the U.S. Department of Transportation.
• Impact on market: Increased demand for street and roadway lighting to improve road safety.

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Product Innovation Transforms the Market

• Trend towards product innovation: Key focus among market players.
• Example: Launch of OpenSky IoT devices by TVILIGHT Projects B.V.
• Impact: Strengthening market positions and offering new technological solutions.

Signify N.V. Strengthens Smart City Portfolio With Acquisition Of Telensa Holdings Ltd.

• Acquisition details: Signify N.V.’s acquisition of Telensa Holdings Ltd.
• Impact on market: Expansion of smart city infrastructure solutions.
• Significance: Making smart city infrastructure affordable and accessible.

Market Segmentation

• By Offerings: Hardware, software, services.
• By Lighting Type: Conventional lighting, smart lighting.
• By Light Source: LEDs, fluorescent lamps, high-intensity discharge lamps.
• By End User Industry: Highways, streets, roadways.

Regional Insights

• Asia-Pacific: Largest region in the street and roadway lighting market in 2023.
• Expected growth: Asia-Pacific to be the fastest-growing region during the forecast period.

Conclusion: Lighting the Way Forward

The street and roadway lighting market continues to experience significant growth driven by factors such as urbanization, technological advancements, and increasing road transportation. As cities worldwide embark on smart city initiatives and prioritize energy efficiency, there is a growing demand for innovative lighting solutions. Market players are focusing on product innovation and strategic acquisitions to meet evolving customer needs and capitalize on emerging trends. With Asia-Pacific leading the market and showing promising growth potential, the future of the street and roadway lighting market is bright, offering opportunities for innovation and sustainable urban development.

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The Street And Roadway Lighting Global Market Report 2024  provides an overview of the street and roadway lighting market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The street and roadway lighting market forecast analyzes street and roadway lighting market size, street and roadway lighting market share, leading competitor and their market positions.

The Table Of Content For The Street And Roadway Lighting Market Include:
1. Street And Roadway Lighting Market Executive Summary
2. Street And Roadway Lighting Market Segments
3. Street And Roadway Lighting Market Size And Street And Roadway Lighting Market Growth Rate
4. Key Street And Roadway Lighting Market Trends
5. Major Street And Roadway Lighting Market Drivers
……
25. Key Mergers And Acquisitions In The Street And Roadway Lighting Market
26. Top Street And Roadway Lighting Companies
27. Street And Roadway Lighting Market Opportunities And Strategies
28. Street And Roadway Lighting Market, Conclusions And Recommendations
29. Appendix

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