Press release
Street And Roadway Lighting Market Trends, Size & Forecast 2024-2033
Street And Roadway Lighting Market Trends
According to The Business Research Company's, The street and roadway lighting market size has grown strongly in recent years. It will grow from $9.97 billion in 2023 to $10.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to community demands and feedback, energy conservation initiative, advancements in lighting design, transition to led technology, government regulations..
The street and roadway lighting market size is expected to see strong growth in the next few years. It will grow to $13.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to adoption of smart city initiatives, environmental concerns and light pollution, integration with iot and sensors, expansion of urban infrastructure, demand for energy-efficient solutions.. Major trends in the forecast period include led technology advancements, smart lighting controls, sustainability initiatives, safety and security enhancements, adaptive lighting solutions..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/street-and-roadway-lighting-global-market-report
Market Drivers and Trends:
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. For instance, in March 2021, according to the report shared by the U.S. Department of transportation, an executive department of the U.S. federal government, for March 2022 compared to March 2021, travel on all highways and streets changed by +2.9% (+7.9 billion vehicle miles). 277.4 billion vehicle miles are projected to have been driven during the month. 274.8 billion miles were driven in vehicles during the month of March 2022, up 2.80% (7.5 billion miles) from March 2021. Therefore, increased road transportation is driving the street and roadway lighting market.
Product innovations are a key trend gaining popularity in the street and roadway lighting market. Major companies operating in the street and roadway lighting market are focused on developing new technological solutions to strengthen their position in the market. For instance, in March 2021, TVILIGHT Projects B.V., a Netherlands-based provider of smart street lighting solutions and wireless smart street light controllers, launched the OpenSky IoT devices, wireless smart street light controllers (SLC)and outdoor light controllers (OLC). They are uniquely designed to connect via an open, reliable and proven international telecom standard. They are expected to offer long-range, deep coverage and high availability with secured and managed LPWAN (low power wide area network). They automatically select the available local telecom network to connect directly with the CityManager central management system.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9290&type=smp
Major Key Players of the Market:
Cree Inc.; Acuity Brands Inc.; OSRAM Licht AG; Current Lighting Solutions; Syska LED Lights Pvt Ltd.; Signify Holding; DCD Technologies ME FZCO; Hubbell Inc.; Zumbotel Group; LED roadway lighting Ltd.; ClaroLux Landscape Lighting; Forus Electric Private Limited; Koninklijke Philips N V; WS Atkins Plc; Shenzhen GHC Co. Ltd.; Lighting Reality Ltd.; Schneider Electric; Silver Spring; Petra Systems; Eaton Corporation plc; SHAH; Streetlight.Vision; Philips Lighting; TVILIGHT Projects B.V.; General Electric Company; Echelon Corporation; Cyan Technology Ltd.; Teletrac Navman Ltd.; ONTAZ; Lutron Electronics Company; Honeywell International Inc.; Bridgelux Inc.
Street And Roadway Lighting Market 2024 Key Insights:
• The street and roadway lighting market will grow to $13.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Increased Road Transportation Fuels Growth In The Street And Roadway Lighting Market
• Product Innovation Transforms The Market
• Asia-Pacific was the largest region in the street and roadway lighting market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9290&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Street And Roadway Lighting Market Trends, Size & Forecast 2024-2033 here
News-ID: 3775302 • Views: …
More Releases from The Business research company
In-Depth Examination of Segments, Industry Developments, and Key Players in the …
The function calling orchestration market is on the brink of significant expansion, driven by rapid technological developments and growing demand across various industries. As businesses increasingly adopt serverless architectures and AI-enhanced orchestration tools, this market is set to transform how enterprises manage complex workflows and improve operational efficiency. Let's explore the current market size, leading players, key trends, and the segmentation landscape shaping the future of function calling orchestration.
Projected Market…
Key Players and Competitive Dynamics in the Fifth Generation (5G) Radio Access N …
The evolution of wireless technology continues to accelerate, with the fifth generation (5G) radio access network (RAN) market positioned for remarkable growth. As the demand for faster, more reliable connectivity intensifies, this sector promises to transform how networks are built and operated across various industries. Let's explore the expected market expansion, driving forces, key players, emerging trends, and segmentation within the 5G RAN landscape.
Projected Market Size and Growth Trajectory of…
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Exte …
The world of extended reality (XR) content distribution platforms is poised for remarkable expansion as new technologies and applications reshape how immersive experiences are delivered and consumed. With growing interest across multiple sectors, this market is set to evolve rapidly, presenting exciting opportunities and challenges ahead. Below, we explore the current market outlook, major players, emerging trends, and segmentation details shaping this dynamic industry.
Extended Reality (XR) Content Distribution Platforms Market…
Leading Companies Fueling Innovation and Growth in the Emergency Medical Service …
The emergency medical services (EMS) software market is set to experience significant growth in the coming years, driven by technological advancements and increasing demand for efficient emergency response solutions. This report delves into the market's size projections, key players, emerging trends, and detailed segment analysis, offering a comprehensive understanding of its future direction.
Projected Size and Growth Trajectory of the Emergency Medical Services Software Market
The EMS software market is…
More Releases for Lighting
Track Lighting Market Analysis By Top Keyplayers - Philips Lighting, Acuity Bran …
The "Track Lighting Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Track Lighting Market, 2024-2031
Verified Market Research's most recent report, "Track Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market…
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the…
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Track Lighting Market 2017-2022: Eaton, Juno, Lithonia Lighting, Satco, Hubbell …
The report on “Global Track Lighting Market” is a professional report which provides thorough knowledge along with complete information pertaining to the Track Lighting industry a propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc.This market research report on the Global Track Lighting market is a complete study of the markets current trends, industry growth drivers and restraints. It…
