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Global Street and Roadway Lighting Market Projects to Reach t a CAGR of 5.7% by Pitching Top Players: ClaroLux Landscape Lighting, Shenzhen GHC Co. Ltd., MMA Lighting Consultancy Ltd., Cree Inc.
Street and Roadway Lighting Market Forecast to 2024 with Global Key Companies, Strategies, Trend and Opportunities
This report provides in-depth study of Global Street and Roadway Lighting Market By Light Source (LEDs, HID Lamps, Fluorescent Lights), Wattage Type (Less Than 50W, Between 50W and 150W, More Than 150W), Offering (Hardware, Software, Services), End User (Highways, Street & Roadways, Bridges & Tunnels), Geography.
The Global Street and Roadway Lighting Market accounted for USD 7.71 billion in 2016 and is projected to grow at a CAGR of 5.7% during the forecast period of 2017 to 2024.
Market Definition:
Street and roadway lightings are widely used in the urban areas, acts as a source of light on the road. Now a day, these are switching to the LED due to which it results in less cost, low maintenance, less pollution and many more. These are mainly used at highways, street and roadways, bridges and tunnels.
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Major Market Drivers and Restraint:
• Growing development and modernization of infrastructure
• Increasing insights more about usage of LED lights and need of energy efficiency
• Safety concerns for drivers and riders
• More power efficient and greater accuracy
• Introduction of latest technology
• Increased cost of installation of smart lighting
Top Key Players:
Some of the major players in global street and roadway lighting market include Koninklijke Philips N.V., GENERAL ELECTRIC, Hubbell Incorporated, Eaton, Cree, Inc., SYSKA LED, Thorn, Acuity Brands Lighting, Inc., Dongguan Kingsun Optoelectronic Co., Ltd., LED ROADWAY LIGHTING LTD., OSRAM Licht AG, Virtual Extension, ClaroLux Landscape Lighting, ShenZhen HengXinDa Lighting Co.,Ltd., Shenzhen GHC Co., Ltd., WS Atkins plc, Lighting Reality, Forus Electric and MMA Lighting Consultancy Ltd. among others.
Market Segmentation:
On The Basis Of Light Source: - light emitting diodes (LEDs), high intensity discharge (HID) Lamps and fluorescent lights. High intensity discharge (HID) Lamps are sub segmented into high pressure sodium (HPS) lamps, metal halides and induction lamps and mercury vapor lamps (MVL).
On The Basis Of Wattage Type: - less than 50W, between 50W and 150W, more than 150W.
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On The Basis Of Offering: - hardware, software and services. Services are sub segmented into pre installation and post installation. Pre installation is further sub segmented into design and installation whereas, post installation is further sub segmented into maintenance and support.
On The Basis Of End User: - highways, street and roadways, bridges and tunnels.
On The Basis Of Geography, the global street and roadway lighting market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape:
The global street and roadway lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Browse Detailed TOC Visit @: http://databridgemarketresearch.com/toc/?dbmr=global-street-roadway-lighting-market
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your Inquiry.
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
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