Global Street and Roadway Lighting Market To Reach $12.74 Billion by 2027 || Cree Inc., Acuity Brands Inc., OSRAM Licht AG, GE Current

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Street And Roadway Lighting Market Size, Growth Rate, And Forecast

The global street and roadway lighting market size is expected to grow from $9.33 billion in 2022 to $9.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.89%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global street and roadway lighting market size is expected to reach $12.74 billion in 2027 at a CAGR of 6.33%.

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Street And Roadway Lighting Market Drivers

Increased road transportation is expected to propel the street and roadway lighting market going forward. Road transport refers to the movement of goods and passengers from one location to another on roads. Increasing road transportation will raise the demand for street and roadway lighting to increase the road safety of drivers, riders and pedestrians by improving visibility.

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Street And Roadway Lighting Market Segments

• By Lighting Type: Conventional Lighting, Smart Lighting

• By Light Source: LEDs, Fluorescent Lamps, High-Intensity Discharge Lamps

• By Offerings: Hardware, Software, Services

• By End User Industry: Highways, Street, Roadways

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the street and roadway lighting market.

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Street And Roadway Lighting Market Key Players
Major competitors in the street and roadway lighting market are Cree Inc., Acuity Brands Inc., OSRAM Licht AG, GE Current, Syska LED Lights Pvt Ltd., Signify Holding, DCD Technologies ME FZCO, Hubbell Inc., Zumbotel Group.

The Business Research Company's "Global Street And Roadway Lighting Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Street And Roadway Lighting Market Include:
1. Executive Summary
2. Street And Roadway Lighting Market Characteristics
3. Street And Roadway Lighting Market Trends And Strategies
4. Street And Roadway Lighting Market - Macro Economic Scenario
5. Street And Roadway Lighting Market Size And Growth
………………
27. Street And Roadway Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Street And Roadway Lighting Market
29. Street And Roadway Lighting Market Future Outlook and Potential Analysis
30. Appendix

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