Street and Roadway Lighting Market Demand Rising Safety Concerns for Drivers and Riders and Dominated by Top Competitors (Shenzhen GHC Co., Ltd., WS Atkins plc., Lighting Reality, Forus Electric) and Forecast 2024
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Global Street and Roadway Lighting Market accounted for USD 7.71 billion in 2016 and is projected to grow at a CAGR of 5.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Street and Roadway Lighting Market Report covers data points for 28 countries across multiple geographies. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.
Top Key Players:
Some of the major players in global street and roadway lighting market include:-
• Koninklijke Philips N.V.,
• GENERAL ELECTRIC,
• Hubbell Incorporated,
• Cree Inc.,
• SYSKA LED,
• Acuity Brands Lighting Inc.,
• Dongguan Kingsun Optoelectronic Co. Ltd.,
• WS Atkins plc,
• Lighting Reality,
• Forus Electric and MMA Lighting Consultancy Ltd. among others.
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Major Market Drivers and Restraint:
• Growing development and modernization of infrastructure
• Increasing insights more about usage of LED lights and need of energy efficiency
• Safety concerns for drivers and riders
Market Definition: Global Street and Roadway Lighting Market
Street and roadway lightings are widely used in the urban areas, acts as a source of light on the road. Now a day, these are switching to the LED due to which it results in less cost, low maintenance, less pollution and many more. These are mainly used at highways, street and roadways, bridges and tunnels.
The global street and roadway lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
On the basis of light source, global street and roadway lighting market is segmented into light emitting diodes (LEDs), high intensity discharge (HID) Lamps and fluorescent lights. High intensity discharge (HID) Lamps are sub segmented into high pressure sodium (HPS) lamps, metal halides and induction lamps and mercury vapor lamps (MVL).
On the basis of wattage type, global street and roadway lighting market is segmented into less than 50W, between 50W and 150W, more than 150W.
On the basis of offering, global street and roadway lighting market is segmented into hardware, software and services. Services are sub segmented into pre installation and post installation. Pre installation is further sub segmented into design and installation whereas, post installation is further sub segmented into maintenance and support.
On the basis of end user, global street and roadway lighting market is segmented into highways, street and roadways, bridges and tunnels.
On the basis of geography, the global street and roadway lighting market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa.
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