Street and Roadway Lighting Market Scope of the Report:
The worldwide market for Street and Roadway Lighting is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2025, from xx million US$ in 2019, according to a new study.
This report focuses on the Street and Roadway Lighting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Street and Roadway Lighting Market Segment by Manufacturers, this report covers
LED lights and luminaries have gained exponential popularity in the recent past for the quality of light they offer, their longevity, energy efficiency, and low maintenance cost. This popularity has lured several manufacturers to indulge into the market and in turn, the costs of LED lights have decreased substantially. This factor has encouraged a shift from conventional lighting to the adoption of LED lights and luminaries for street and roadway lighting, and proved a boon for the market for the same. Smart lighting also helps in monitoring performance activities such as weather conditions and traffic control. Global efforts to reduce carbon emissions is another factor positively reflecting over this market.
Moreover, several key players in this market such as Honeywell, Philips, and Osram are offering customized products, with greater emphasis on efficiency via latest technology and quality of light, besides improved after-sales services. Introduction of new technology such as sensor based street light and wireless handling and monitoring is also driving the global market for street and roadway lighting. However, high installation cost is one factor that is challenging the market from attaining its full potential during the forecast period.
Global Street and Roadway Lighting Market: Market Potential
Rapid urbanization across the world and the development of several smart cities augur very well for the players involved in this market, and although reasonable finance and resources are required to make a presence in the market, long-term benefits assured. Heavy investments being made by the developers of smart cities and government incentives are being offered for outdoor lighting applications such as freeways, bridges, roadways, tunnels, and in-city street lights.
Global Street and Roadway Lighting Market: Regional Outlook
Europe currently is the most lucrative region for the global street and roadway lighting market and is expected to maintain the demand during the forecast period. This is a reflection of stringent government regulations such as energy performance contracting (EPC) in the countries such as Germany, Italy, and France. North America is another profitable regional market for street and roadway lighting. Development of smart cities in several emerging economies is also expected to increment the demand from the region of Asia Pacific, which resides vast populations.
Global Street and Roadway Lighting Market: Competitive Analysis
OSRAM Licht AG, Eaton Corp Plc., Koninklijke Philips N.V., General Electric Company, ClaroLux Landscape Lighting, Cree, Inc., Acuity Brands, Inc., and Hubbell Inc., Lighting Reality Ltd., Forus Electric Private Limited, MMA Lighting Consultancy Ltd., and Shenzhen HXD Lighting Co., Ltd. are some of the leading companies currently operating in the global street and roadway lighting market. Research and development of advancement products and improved after-sales service are some of the common strategies adopted by these players to maintain their stronghold over the market.
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Reasons to Purchase this Street and Roadway Lighting Market Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
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The Street and Roadway Lighting Market report has 150 tables and figures browse the report description and TOC:
Table of Contents
1 Study Coverage
1.1 Street and Roadway Lighting Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Street and Roadway Lighting Market Size Growth Rate by Type
1.5 Market by Application
1.5.1 Global Street and Roadway Lighting Market Size Growth Rate by Application
2 Executive Summary
2.1 Global Street and Roadway Lighting Market Size
2.1.1 Global Street and Roadway Lighting Revenue 2014-2025
2.1.2 Global Street and Roadway Lighting Production 2014-2025
2.2 Street and Roadway Lighting Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Street and Roadway Lighting Manufacturers
188.8.131.52 Street and Roadway Lighting Manufacturing Base Distribution, Headquarters
184.108.40.206 Manufacturers Street and Roadway Lighting Product Offered
220.127.116.11 Date of Manufacturers Enter into Street and Roadway Lighting Market
2.4 Key Trends for Street and Roadway Lighting Markets & Products
3 Market Size by Manufacturers
3.1 Street and Roadway Lighting Production by Manufacturers
3.1.1 Street and Roadway Lighting Production by Manufacturers
3.1.2 Street and Roadway Lighting Production Market Share by Manufacturers
3.2 Street and Roadway Lighting Revenue by Manufacturers
3.2.1 Street and Roadway Lighting Revenue by Manufacturers (2019-2025)
3.2.2 Street and Roadway Lighting Revenue Share by Manufacturers (2019-2025)
3.3 Street and Roadway Lighting Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans