Global LED Street Light Market Size Projected to Reach $36.31 Billion During the Forecast Period

November 14, 2025 by The Business Research Company

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How Does The Market Size Of The LED Street Light Industry Compare Between 2025 And 2029?

The market for LED street lighting has experienced rapid expansion lately, projected to increase its valuation from $14.31 billion in 2024 to $17.28 billion by the following year, reflecting a compound annual growth rate of 20.7%; this upward trajectory during the preceding period was driven by factors such as the implementation of energy conservation programs, supportive governmental rules, reduced operational expenditures, the ongoing movement toward city development, and a focus on ecological responsibility.

Forecasting substantial expansion, the market for light-emitting diode (LED) street lighting is projected to reach a valuation of $36.31 billion by the year 2029, reflecting an impressive compound annual growth rate (CAGR) of 20.4% over the coming years. This upward trajectory throughout the projection timeframe is fundamentally driven by several key factors, including the proliferation of smart city projects, increasing incorporation of sustainable energy sources, heightened emphasis on maintaining public safety and security measures, ongoing advancements in metropolitan infrastructure frameworks, and the economic advantages offered by upgrading existing systems. Furthermore, several significant developments are anticipated to shape this market, such as the widespread deployment of integrated, networked street lighting systems, a growing commitment to utilizing materials that minimize environmental impact, the adoption of components prized for their extended lifespan and reduced upkeep requirements, governmental pushes supporting the expansion of LED street lighting infrastructure, and the production of tailored lighting solutions specifically designed to meet the complex needs of smart urban environments.

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What Are The Main Drivers Boosting The LED Street Light Industry’s Expansion?

The escalating trend of constructing intelligent urban centers worldwide acts as a primary catalyst for the progression of the LED street light market. Such metopolises, characterized by being governed areas leveraging information and communication technologies (ICT) to enhance procedural effectiveness and furnish superior amenities for their inhabitants, benefit significantly from these fixtures. Specifically, aesthetically pleasing LED street luminaires contribute to diminishing municipal energy consumption while simultaneously augmenting communal security measures. A notable focus within these technologically advanced urban environments is the energy conservation achieved through the integration of ICT, exemplified by the Internet of Things (IoT). To illustrate this ongoing trend, data released in April 2023 by the World Bank, a financial body operating internationally from the United States, indicated that city dwellers currently account for about 4.4 billion individuals, representing 56 percent of humanity. Projections suggest that by the year 2050, nearly seventy percent of the global populace will reside in urban settings, meaning the number of city residents is expected to more than double from its contemporary figures. Consequently, the global push toward creating smart cities directly fuels the market for LED street lighting solutions.

What Are The Different Segment Classifications Within The LED Street Light Market?

The led street light market covered in this report is segmented –

1) By Connectivity: Wired, Wireless

2) By Sales Channels: Direct, Indirect

3) By Applications: Retrofit, Retail And Hospitality, Outdoor, Offices, Architectural, Residential, Industrial, Other Applications

Subsegments:

1) By Wired: Direct Wired Connections, Power Line Communication (PLC) Systems, Integrated Control Systems

2) By Wireless: Wi-Fi Enabled Street Lights, Zigbee-Based Connectivity, Cellular (4G Or 5G) Connected Street Lights, LoRaWAN (Long Range Wide Area Network) Systems, Satellite-Based Communication Systems

Which Competitive Trends Are Defining The LED Street Light Market Structure?

A significant development dominating the LED street light sector presently involves technological progress, as major players in this arena are creating sophisticated solutions to solidify their market standing; for example, in August 2023, Goldmedal Electricals Pvt. Ltd., an enterprise from India prominent in electrical accessories, introduced the torus LED streetlight, a novel product designed to transform external illumination through the application of cutting-edge LED capabilities coupled with a visually appealing, high-intensity lighting delivery, thereby demonstrating Goldmedal Electricals’ commitment to providing imaginative yet economical lighting alternatives for exterior and city environments, with the torus model further boasting an impressive IP66 rating for superior defense against harsh climatic conditions and featuring premium quality lenses ensuring brilliantly clear light output.

Which Leading Companies Dominate The LED Street Light Market Share?

Major companies operating in the led street light market include Samsung Electronics Co Ltd., Revolution Lighting Technologies Inc., Panasonic Corporation, Eaton Corporation plc, Wipro Limited, Signify N.V., NIPSCO Inc., Hubbell Inc., Leotek Electronics LLC, Acuity Brands Inc., OSRAM GmbH, Havells India Limited, Zumtobel Group, Syska LED Street Light, Cree Inc., TATA Power Solar Systems Ltd., Crompton Greaves Consumer Electricals Limited, Bajaj Electricals Limited, LSI Industries Inc., PEMCO Lighting Products LLC, XtraLight LED Lighting Solutions, Daintree Company, Niland Company, Nichia Corporation, Pkk Lighting Inc., SAVANT TECHNOLOGIES LLC, Ultravision LED Solutions, Jackson International Ltd., Optolumens Light Solution, Brandon Industries Inc.

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How Do Regional Market Performances Compare Within The LED Street Light Industry?

Asia-Pacific was the largest region in the LED street light market in 2024. The regions covered in the led street light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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