The Street And Roadway Lighting Global Market Report 2023, provides comprehensive information on the street and roadway lighting market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global street and roadway lighting market size is expected to grow from $9.33 billion in 2022 to $9.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.89%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global street and roadway lighting market size is expected to reach $12.74 billion in 2027 at a CAGR of 6.33%.
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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.
The street and roadway lighting market is segmented:
1) By Lighting Type: Conventional Lighting, Smart Lighting
2) By Light Source: LEDs, Fluorescent Lamps, High-Intensity Discharge Lamps
3) By Offerings: Hardware, Software, Services
4) By End User Industry: Highways, Street, Roadways
Asia-Pacific was the largest region in the street and roadway lighting market in 2022.
The table of contents in TBRC’s street and roadway lighting market report includes:
- Executive Summary
- Street And Roadway Lighting Market Characteristics
- Street And Roadway Lighting Market Trends And Strategies
- Street And Roadway Lighting Market – Macro Economic Scenario
- Street And Roadway Lighting Market Size And Growth
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- Africa Street And Roadway Lighting Market
- Street And Roadway Lighting Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Street And Roadway Lighting Market
- Street And Roadway Lighting Market Future Outlook and Potential Analysis
- Appendix
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