Press release
LED Street Light Market Anticipated To Witness Robust Growth, Surpassing $37 Billion By 2029
LED Street Light Market
How Big Is the LED Street Light Market Size Expected to Be by 2034?
The expansion of the LED street light market has been remarkable in the past few years. The market, which is projected to rise from $14.31 billion in 2024 to $17.41 billion in 2025, is expected to register a compound annual growth rate (CAGR) of 21.6%. The significant growth during the earlier period can be associated with factors such as energy efficiency drives, government laws and guidelines, savings on cost, the surge in urbanization, and focus on environmental sustainability.
The LED street light market is predicted to undergo tremendous expansion in the forthcoming years, set to increase to a staggering value of $37 billion in 2029, with a compound annual growth rate (CAGR) of 20.7%. Factors contributing to this upward trend in the estimated period include smart city projects, integration of renewable energy sources, enhancement of public safety and security, development of urban infrastructure, and economical upgrades. The forecast period is expected to see the realization of new trends such as the execution of interconnected street lighting systems, emphasis on eco-friendly materials, utilization of durable and easy-to-maintain components, government-led support towards LED street lighting, and bespoke lighting solutions tailored for smart cities.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9278
What Are the Emerging Segments Within the LED Street Light Market?
The led street light market covered in this report is segmented -
1) By Connectivity: Wired, Wireless
2) By Sales Channels: Direct, Indirect
3) By Applications: Retrofit, Retail And Hospitality, Outdoor, Offices, Architectural, Residential, Industrial, Other Applications
Subsegments:
1) By Wired: Direct Wired Connections, Power Line Communication (PLC) Systems, Integrated Control Systems
2) By Wireless: Wi-Fi Enabled Street Lights, Zigbee-Based Connectivity, Cellular (4G Or 5G) Connected Street Lights, LoRaWAN (Long Range Wide Area Network) Systems, Satellite-Based Communication Systems
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9278&type=smp
What Long-Term Drivers Are Shaping LED Street Light Market Trends?
The global progression towards smart cities is fueling the growth of the LED street light industry. When we talk about smart cities, we're referring to specific regions that leverage information and communication technology (ICT) to boost operational productivity and offer superior infrastructure facilities to its inhabitants. Sophisticatedly structured LED streetlights are key in lowering city energy consumption and enhancing public safety. This emphasis on energy efficiency in smart cities derives from the use of ICT technologies such as the Internet of Things (IoT). In April 2023, data from the World Bank, a US-based global financial institution, showed that about 4.4 billion people, or 56% of the global population, currently live in cities. By the year 2050, the urban population is projected to more than double its current size with about 7 out of 10 people living in cities. Thus, the international move towards smart cities is stimulating the demand for the LED street light market.
Who Are the Top Competitors in Key LED Street Light Market Segments?
Major companies operating in the led street light market include Samsung Electronics Co Ltd., Revolution Lighting Technologies Inc., Panasonic Corporation, Eaton Corporation plc, Wipro Limited, Signify N.V., NIPSCO Inc., Hubbell Inc., Leotek Electronics LLC, Acuity Brands Inc., OSRAM GmbH, Havells India Limited, Zumtobel Group, Syska LED Street Light, Cree Inc., TATA Power Solar Systems Ltd., Crompton Greaves Consumer Electricals Limited, Bajaj Electricals Limited, LSI Industries Inc., PEMCO Lighting Products LLC, XtraLight LED Lighting Solutions, Daintree Company, Niland Company, Nichia Corporation, Pkk Lighting Inc., SAVANT TECHNOLOGIES LLC, Ultravision LED Solutions, Jackson International Ltd., Optolumens Light Solution, Brandon Industries Inc.
What LED Street Light Market Trends Are Gaining Traction Across Different Segments?
The rise of technological innovations is a major trend making waves in the LED street light market. Key companies within this market are consistently creating advanced technological solutions to solidify their market position. For instance, Goldmedal Electricals Pvt. Ltd., a company based in India specializing in electrical accessories, unveiled their torus LED streetlight in August 2023. This groundbreaking invention aims to transform outdoor lighting by integrating the latest LED technology and delivering powerful illumination in an attractive design. The introduction of the torus LED streetlight by Goldmedal Electricals displays their commitment to provide imaginative and cost-effective lighting alternatives for both outdoors and urban landscapes. The torus LED streetlight boasts of a notable IP66 rating, providing protection against harsh weather conditions. Along with the street light, high-quality lenses are included to ensure bright and sharp lighting.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/led-street-light-global-market-report
Which Regions Are Becoming Hubs for LED Street Light Market Innovation?
Asia-Pacific was the largest region in the LED street light market in 2024. The regions covered in the led street light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the LED Street Light Market?
2. What is the CAGR expected in the LED Street Light Market?
3. What Are the Key Innovations Transforming the LED Street Light Industry?
4. Which Region Is Leading the LED Street Light Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 LED Street Light Market Anticipated To Witness Robust Growth, Surpassing $37 Billion By 2029 here
News-ID: 4013041 • Views: …
More Releases from The Business Research Company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
