The LED Street Light Global Market Report 2023, provides comprehensive information on the led street light 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 LED street light market size is expected to grow from $9.71 billion in 2022 to $11.91 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. 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 LED street light market size is expected to reach $25.57 billion in 2027 at a CAGR of 21.1%.
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Technological advancements have emerged as the key trend gaining popularity in the LED street light market. Major companies operating in the LED street light market are developing technologically advanced solutions to strengthen their position in the market. For instance, in December 2020, GS Yuasa Corporation, a Japan-based company that specializes in the development and manufacture of lead-acid and lithium-ion batteries for use in automobiles, motorcycles and other applications launched the JRB2200 LED street light series. The series was created with a focus on conserving energy and resources and reducing costs. The JRB2200 series includes unique features, like replacement light source units and power units; angle adjustability; pole clamps that make it easy to use on different types of poles; and extensibility for the Internet of Things. The lights in the series adhere to rules on LED street lighting as well as general criteria for installing street lighting equipment.
The led street light market 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
Asia-Pacific was the largest region in the led street light market in 2022.
The table of contents in TBRC’s led street light market report includes:
- Executive Summary
- LED Street Light Market Characteristics
- LED Street Light Market Trends And Strategies
- LED Street Light Market – Macro Economic Scenario
- LED Street Light Market Size And Growth
- LED Street Light Market Segmentation
- LED Street Light Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The LED Street Light Market
- LED Street Light Market Future Outlook and Potential Analysis
- Appendix
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