Street And Roadway Lighting Market: Major Trends Reshaping the Future of the Industry

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What Will the Street And Roadway Lighting Industry Market Size Be by 2025?
The street and roadway lighting market size has grown strongly in recent years. It will grow from $10.5 billion in 2024 to $11.16 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. 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.

What's the Long-Term Growth Forecast for the Street And Roadway Lighting Market Size Through 2029?
The street and roadway lighting market size is expected to see strong growth in the next few years. It will grow to $14.54 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. 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.

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What Are the Key Growth Drivers Fueling the Street And Roadway Lighting Market Expansion?
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.

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What Are the Key Trends Driving Street And Roadway Lighting Market Growth?
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 2022, Evluma, a US-based developer of affordable, long-lasting and environmentally low-impact LED lighting solutions launched RoadMax. It is a roadway lighting product offering advanced glare control and superior light distribution. It comes in multiple configurations (Type II, III, and V) with zero-uplight (U0) to meet roadway standards, while addressing modern concerns about light trespass and disability glare. Key features include a field-adjustable wattage selector, light trespass shields, and compatibility with Evluma's ConnectLED app for wireless control and dimming. Additionally, it offers Photocontrol Failsafe technology and comes with a robust 10-year warranty and surge protection.

How Is the Street And Roadway Lighting Market Segmented?
The street and roadway lighting market covered in this report is segmented -

1) By Offerings: Hardware, Software, Services
2) By Lighting Type: Conventional Lighting, Smart Lighting
3) By Light Source: LEDs, Fluorescent Lamps, High-Intensity Discharge Lamps
4) By End User Industry: Highways, Street, Roadways

Subsegments:
1) By Hardware: LED Fixtures, Luminaires, Poles And Mounting Structures, Smart Sensors And Controls
2) By Software: Lighting Management Systems, Monitoring And Control Software, Energy Management Software
3) By Services: Installation Services, Maintenance And Repair Services, Consulting And Design Services

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Which Companies Are Leading the Charge in Street And Roadway Lighting Market Innovation?
Major companies operating in the street and roadway lighting market include Cree Inc., Acuity Brands Inc., OSRAM Licht AG, Current Lighting Solutions, Syska LED Lights Pvt Ltd., 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, Petra Systems, Eaton Corporation plc, Streetlight.Vision, Philips Lighting, TVILIGHT Projects B.V., General Electric Company, Echelon Corporation, Cyan Technology Ltd., Honeywell International Inc., Bridgelux Inc.

Which Regions Are Leading the Global Street And Roadway Lighting Market in Revenue?
Asia-Pacific was the largest region in the street and roadway lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the street and roadway lighting market report during the forecast period. The regions covered in the street and roadway lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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