Reports > Consumer Goods And Retailing > Street And Roadway Lighting Market Report
Street And Roadway Lighting Market Size, Share, Industry Trends and Forecast to 2033
This report delves into the Street and Roadway Lighting market, offering insights into its growth, dynamics, and future projections from 2023 to 2033 while covering various market segments and regional analyses.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $22.50 Billion |
| CAGR (2023-2033) | 5.8% |
| 2033 Market Size | $40.08 Billion |
| Top Companies | Philips Lighting, Cree, Inc., General Electric, Osram Licht AG, Acuity Brands, Inc. |
| Last Modified Date | 15 Nov 2024 |
Street And Roadway Lighting Market Report (2023 - 2033)
Street And Roadway Lighting Market Overview
What is the Market Size & CAGR of Street And Roadway Lighting market in 2023?
Street And Roadway Lighting Industry Analysis
Street And Roadway Lighting Market Segmentation and Scope
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Street And Roadway Lighting Market Analysis Report by Region
Europe Street And Roadway Lighting Market Report:
The European Street and Roadway Lighting market size was approximately $5.62 billion in 2023, expected to grow to $10.01 billion by 2033. The emphasis on reducing carbon footprints and adopting intelligent lighting solutions significantly drives this increase.Asia Pacific Street And Roadway Lighting Market Report:
In 2023, the Street and Roadway Lighting market in the Asia Pacific region is estimated at $4.61 billion, poised to escalate to $8.21 billion by 2033. Factors such as rapid urbanization, government initiatives to enhance public safety, and increasing investments in smart city projects are propelling this growth.North America Street And Roadway Lighting Market Report:
In North America, the market size reached $8.31 billion in 2023, with projections of growing to $14.80 billion by 2033. This growth is aided by technological advancements and a strong push towards sustainable lighting solutions, facilitated by regulatory policies.South America Street And Roadway Lighting Market Report:
The South American market is valued at $1.08 billion in 2023, projected to increase to $1.92 billion by 2033, driven by rising infrastructure development and public safety requirements, especially in urban areas.Middle East & Africa Street And Roadway Lighting Market Report:
The Middle East and Africa market is valued at $2.88 billion in 2023 and is anticipated to reach $5.14 billion by 2033. The region's growth is supported by government-led infrastructure initiatives and advances in lighting technologies tailored to harsh environments.Request a custom research report for industry.
Street And Roadway Lighting Market Analysis By Technology
Global Street and Roadway Lighting Market, By Technology Market Analysis (2023 - 2033)
The market is largely dominated by LED technology, which reached a size of $15.27 billion in 2023, expected to grow to $27.19 billion by 2033, representing a market share of 67.85%. Solar lighting is also gaining significant traction with a market size of $5.59 billion in 2023, projected to reach $9.95 billion by 2033. High-pressure sodium lighting maintains a traditional foothold but is gradually declining in market share.
Street And Roadway Lighting Market Analysis By Lighting Type
Global Street and Roadway Lighting Market, By Lighting Type Market Analysis (2023 - 2033)
Street lights constitute a major portion of the market with sizes of $15.27 billion in 2023 and $27.19 billion in 2033. Tunnel lighting and traffic signals also represent significant segments with sizes of $5.59 billion and $1.65 billion in 2023 respectively. Their contributions are essential for maintaining urban safety and traffic management.
Street And Roadway Lighting Market Analysis By Application
Global Street and Roadway Lighting Market, By Application Market Analysis (2023 - 2033)
Highways remain the largest application segment, valued at $12.15 billion in 2023 and expected to grow to $21.64 billion by 2033. Other important applications include residential areas and commercial zones, projected to maintain steady growth due to urban expansion.
Street And Roadway Lighting Market Analysis By Control System
Global Street and Roadway Lighting Market, By Control System Market Analysis (2023 - 2033)
Traditional control systems dominate the current market with a size of $18.68 billion in 2023, expected to reach $33.27 billion by 2033, holding an 83.02% market share. Smart control systems, while growing, constituted $3.82 billion in 2023 and are anticipated to touch $6.80 billion by 2033.
Street And Roadway Lighting Market Analysis By End User
Global Street and Roadway Lighting Market, By End-User Market Analysis (2023 - 2033)
Governments are the primary end-users, accounting for a size of $15.27 billion in 2023, growing to $27.19 billion by 2033. Contractors and private companies follow with sizes of $5.59 billion and $1.65 billion respectively, indicating a healthy demand across various segments.
Street And Roadway Lighting Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Street And Roadway Lighting Industry
Philips Lighting:
A global leader in lighting products, Philips Lighting focuses on innovative and sustainable street lighting solutions, enhancing safety and energy efficiency.Cree, Inc.:
Cree specializes in LED lighting solutions and is committed to providing advanced technologies that meet the demanding requirements of outdoor lighting.General Electric:
General Electric has a longstanding reputation in the lighting sector, offering a comprehensive range of products and solutions for street and roadway lighting.Osram Licht AG:
Osram is known for its innovative outdoor lighting products, enabling cities to implement smart lighting systems for better urban management.Acuity Brands, Inc.:
Acuity Brands is dedicated to developing energy-efficient lighting solutions and design excellence, focusing on outdoor areas including roadways.We're grateful to work with incredible clients.
