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Street and Roadway Lighting Market Key players 2017-2025 : OSRAM Licht AG, Eaton Corp Plc., Koninklijke Philips N.V., General Electric Company, ClaroLux Landscape Lighting
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The report states that with depleting natural resources, namely fossil fuels, which mainly find usage in production of electricity, there is a pressing need to improve energy efficiency. This has been stoking the global street and roadway lighting market majorly. A noticeable trend in the market is the smart lighting projects replacing the conventional ones used so far. Those use sensors, wi-fi, and data analytics to gauge the proper functioning and also predict possible glitches in functioning.
Currently, LED lights and luminaries are seeing maximum uptake in the global street and roadway lighting market. Their USPs include their durability, energy efficiency, and lesser cost of maintenance. Sensing an opportunity in it, many players have jumped into manufacture of LEDs thereby bringing down their prices.
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Geographically, Europe is currently the leading region in the global street and roadway lighting market which is expected to retain its position in the next couple of years as well. The market in the region has mainly progressed on account of the stringent rules pertaining to environment protection, particularly in nations of Italy, Germany, and France.
Some of the key players in the global street and roadway lighting market that have been profiled in the report are Eaton Corp Plc., OSRAM Licht AG, General Electric Company, Koninklijke Philips N.V., ClaroLux Landscape Lighting, Acuity Brands, Inc., Cree, Inc., and Hubbell Inc.
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TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
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