Street And Roadway Lighting Market Research Report By Light Source (LED, High-Intensity Discharge (HID), Fluorescent, Incandescent), By Application (Street Lighting, Roadway Lighting, Traffic Signal Lighting, Tunnels and Underpasses Lighting, Sports Field Lighting), By Control System (Centralized Control Systems, Decentralized Control Systems, Wireless Control Systems), By Smart Features (Motion Sensors, Light Dimming, Remote Monitoring, Data Analytics), By Mounting Type (Pole-Mounted, Wall-Mounted, Suspended, In-Ground) and By Regional (No

Street And Roadway Lighting Market Overview

As per MRFR analysis, the Street And Roadway Lighting Market Size was estimated at 33.75 (USD Billion) in 2022. The Street And Roadway Lighting Market Industry is expected to grow from 36.1(USD Billion) in 2023 to 66.0 (USD Billion) by 2032. The Street And Roadway Lighting Market CAGR (growth rate) is expected to be around 6.94% during the forecast period (2024 - 2032).

Key Street And Roadway Lighting Market Trends Highlighted

The Street And Roadway Lighting Market is experiencing significant growth due to rising urbanization, increased safety concerns, and technological advancements. Key market drivers include government initiatives and regulations promoting energy efficiency, aging infrastructure, and the need for improved night visibility. Opportunities lie in the exploration of smart lighting systems, wireless connectivity, and IoT integration.
Recent trends include the adoption of LED lighting for its energy efficiency and longer lifespan, the implementation of sensors and controllers for adaptive lighting, and the use of renewable energy sources. These advancements offer significant potential for cost savings, improved lighting quality, and reduced environmental impact. Market players are also focusing on providing comprehensive lighting solutions that integrate design, installation, and maintenance services, thereby enhancing customer convenience and reducing operational costs.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Street And Roadway Lighting Market Drivers

Increasing Demand for Energy-Efficient Lighting Solutions

The street and roadway lighting market is primarily being driven by the escalating demand for energy-efficient lighting solutions. With the increasing emphasis of governments and municipalities across the globe on sustainability and protection of the environment, the conventional lighting systems are rapidly being replaced with light-emitting diode -based streetlamps. These streetlights provide the customers with an opportunity to save a considerably large sum of the energy and to reduce the operational costs due to their lower energy consumption rates in comparison with the traditional lighting fixtures.

In addition, they are widely known for their long lifespan and low level of the required maintenance, which also makes them a beneficial street and roadway lighting solution. At the same time, the implementation rates of smart lighting systems with sensors, controls, and connectivity are also growing, which contributes to the market growth. The smart lighting systems allow for remote monitoring and control and enable their customers to use the energy more efficiently, ensure higher level of safety, and improve urban aesthetics.

Government Initiatives and Regulations

Government initiatives and regulations significantly affect the street and roadway lighting market. Governments across the world are intervening with stringent energy efficiency standards and regulations to ensure the use of sustainable lighting. The lighting industry is regulated through these regulations which also encourage the market to grow by specifying the types of lighting fixtures that should be used in new construction. In some countries, there is government funding and incentives to encourage smart lighting systems and similar initiatives.

Other common market drivers are urban development and infrastructure modernization where roads and public places are constructed and re-constructed and lighting systems are required.

Technological Advancements and Innovation

Technological advancements and innovation are key drivers of growth in the street and roadway lighting market. The advent of LED technology has revolutionized the industry, offering superior energy efficiency, longer lifespan, and improved light quality compared to traditional lighting sources. Ongoing research and development efforts are further enhancing the performance and functionality of LED streetlights, leading to the development of innovative lighting solutions such as adaptive lighting systems that adjust light levels based on traffic conditions or weather conditions.

The integration of sensors and wireless connectivity into streetlights is also driving market growth, enabling smart lighting systems that offer remote monitoring, control, and data collection capabilities, contributing to improved lighting efficiency and urban management.

Street And Roadway Lighting Market Segment Insights

Street And Roadway Lighting Market Light Source Insights

Street And Roadway Lighting Market Segmentation by Light Source The Street And Roadway Lighting Market is segmented by Light Source into LED, HID, Fluorescent, and Incandescent. The LED segment accounted for the dominant share of the Street And Roadway Lighting Market, with over 70% in terms of revenue in the year 2023. LEDs are gaining popularity over all other light sources because they are energy efficient when compared to other light sources, resulting in a longer lifespan and lower cost of maintenance. Additionally, the growing awareness regarding the LED lighting segment and their functional advantages are expected to help the LED segment to extend its leading position during the forecast period.

HID, which comprises of lamps such as High-Pressure Sodium and Metal Halide lamps, is estimated to experience a significant drop in the market share of the segment due to lower energy efficiency when compared to LED lighting. Similarly, fluorescent lighting is also expected to decrease in the market share of the segment because they have a shorter lifespan and consume more energy. Incandescent lighting, which is the oldest of all the lighting devices, is not preferred by any country in the world and so, it has to be updated in no time. Thus, it is predicted that the Street And Roadway Lighting Market will grow significantly in the upcoming years.

Comment: No additional information is considered to be important for this section.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Street And Roadway Lighting Market Application Insights

Street lighting held the largest market share in 2023, accounting for approximately 45% of the revenue. Roadway lighting is projected to register the highest CAGR of 7.2% over the forecast period, owing to the increasing demand for energy-efficient and smart lighting solutions for roadways. Traffic signal lighting is another significant application segment, with a market value of USD 5.2 billion in 2023 and an anticipated CAGR of 6.5% during the forecast period. Tunnels and underpasses lighting and sports field lighting are other important application segments, contributing to the overall growth of the Street And Roadway Lighting Market.

Street And Roadway Lighting Market Control System Insights

The Street And Roadway Lighting Market segmentation by Control System includes Centralized Control Systems, Decentralized Control Systems, and Wireless Control Systems. Centralized Control Systems are expected to hold a significant market share due to their ability to provide real-time monitoring and control of lighting systems, leading to improved energy efficiency and cost savings. Decentralized Control Systems offer flexibility and scalability, making them suitable for smaller lighting systems. Wireless Control Systems are gaining popularity due to their ease of installation and maintenance, reducing labor costs and downtime.

The Street And Roadway Lighting Market is expected to grow significantly in the coming years, driven by the increasing demand for energy-efficient and smart lighting solutions.

Street And Roadway Lighting Market Smart Features Insights

Smart Features segment is projected to grow significantly in the Street And Roadway Lighting Market, driven by the increasing adoption of smart city initiatives and the need for energy efficiency. The revenue generated by Smart Features in 2023 is estimated to be around USD 10 billion, and it is expected to reach USD 20 billion by 2032, exhibiting a CAGR of 8.5%. Motion Sensors, Light Dimming, Remote Monitoring, and Data Analytics are the key sub-segments of Smart Features, offering advanced capabilities to enhance lighting systems. Motion Sensors detect movement and adjust lighting levels accordingly, saving energy and improving safety.

Light Dimming allows for precise control of light intensity, optimizing visibility while minimizing light pollution. Remote Monitoring enables real-time monitoring and control of lighting systems from remote locations, facilitating proactive maintenance and reducing downtime. Data Analytics provides insights into energy consumption, maintenance needs, and usage patterns, enabling data-driven decision-making and further efficiency improvements.

Street And Roadway Lighting Market Mounting Type Insights

Mounting Type is a crucial segment in the Street And Roadway Lighting Market. Pole-Mounted lighting, with its wide coverage and ease of installation, leads the market, capturing over 55% of the revenue in 2023. The segment is estimated to grow at a steady CAGR of 6.5% during 2024-2032. Wall-Mounted lighting, suitable for narrow streets and pedestrian areas, holds a significant share, driven by increasing urbanization and demand for aesthetic appeal. Suspended lighting, often used in tunnels and overpasses, offers uniform illumination and is expected to witness a notable growth rate of 7.2% over the forecast period.

In-Ground lighting, with its ability to enhance safety and create visual interest, is gaining traction in parks, gardens, and walkways, contributing to the overall market growth.

Street And Roadway Lighting Market Regional Insights

The regional segment of the Street And Roadway Lighting Market offers valuable insights into the market's geographical distribution and performance. In 2023, North America held the largest market share, accounting for approximately 36% of the revenue. The region's advanced infrastructure, stringent regulations, and high disposable income contribute to its dominance. Europe follows closely behind, capturing around 28% of the market. Government initiatives promoting energy efficiency and smart lighting solutions drive growth in this region.

APAC is expected to witness significant growth over the forecast period, with a projected CAGR of 7.2%. Rapid urbanization, increasing disposable income, and government investments in infrastructure development fuel the region's growth. South America and MEA represent emerging markets with immense potential for growth, driven by increasing urbanization and government focus on improving public infrastructure.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Street And Roadway Lighting Market Key Players And Competitive Insights:

Major players in the Street And Roadway Lighting Market industry are continuously investing in research and development to introduce innovative products that meet the evolving needs of customers. Leading Street And Roadway Lighting Market players are also focusing on expanding their geographical presence to cater to a wider customer base. The Street And Roadway Lighting Market development is driven by factors such as increasing demand for energy-efficient lighting solutions, growing urbanization, and government initiatives to promote sustainability. The Street And Roadway Lighting Market Competitive Landscape is characterized by the presence of both established and emerging players.

Signify is a leading player in the Street And Roadway Lighting Market with a strong presence. The company offers a wide range of lighting solutions, including LED luminaires, controllers, and software. Signify has a strong focus on innovation and sustainability, and it is continuously investing in research and development to introduce new products and technologies. The company has a strong distribution network and a well-established brand reputation.

Zumtobel Group is another major player in the Street And Roadway Lighting Market. The company offers a wide range of lighting solutions, including LED luminaires, control systems, and lighting management software. Zumtobel Group has a strong focus on design and innovation, and it is known for its high-quality lighting products. The company has a presence and a strong distribution network.

Key Companies in the Street And Roadway Lighting Market Include:

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  Osram

  
  


• 
  

  Thorn

  
  


• 
  

  Eaton

  
  


• 
  

  Acuity Brands

  
  


• 
  

  Holophane

  
  


• 
  

  Signify

  
  


• 
  

  Legrand

  
  


• 
  

  Bridgelux

  
  


• 
  

  Philips

  
  


• 
  

  GE

  
  


• 
  

  Lumenpulse

  
  


• 
  

  BJB

  
  


• 
  

  Cooper

  
  


• 
  

  Hubbell

  
  

Street And Roadway Lighting Market Industry Developments

The Street And Roadway Lighting Market is expected to grow from USD 36.1 billion in 2023 to USD 66.0 billion by 2032, at a CAGR of 6.94%. The market is driven by the increasing demand for energy-efficient lighting solutions, government initiatives to reduce carbon emissions, and the growing adoption of smart city technologies.

Recent developments in the market include the launch of new products such as LED street lights with integrated sensors and smart lighting systems that can be controlled remotely. Key players in the market are investing in research and development to improve the efficiency and functionality of their products.

The market is also witnessing the emergence of new business models, such as light-as-a-service (LaaS), which allows customers to pay for lighting on a subscription basis. This model is gaining popularity as it provides customers with a more flexible and cost-effective way to access lighting solutions.

Street And Roadway Lighting Market Segmentation Insights

1. 
   

   Street And Roadway Lighting Market Light Source Outlook

   
   
   
   
   1. 
      

      LED

      
      
   
   
   2. 
      

      High-Intensity Discharge (HID)

      
      
   
   
   3. 
      

      Fluorescent

      
      
   
   
   4. 
      

      Incandescent

      
      
   
   
   
   

2. 
   

   Street And Roadway Lighting Market Application Outlook

   
   
   
   
   1. 
      

      Street Lighting

      
      
   
   
   2. 
      

      Roadway Lighting

      
      
   
   
   3. 
      

      Traffic Signal Lighting

      
      
   
   
   4. 
      

      Tunnels and Underpasses Lighting

      
      
   
   
   5. 
      

      Sports Field Lighting

      
      
   
   
   
   

3. 
   

   Street And Roadway Lighting Market Control System Outlook

   
   
   
   
   1. 
      

      Centralized Control Systems

      
      
   
   
   2. 
      

      Decentralized Control Systems

      
      
   
   
   3. 
      

      Wireless Control Systems

      
      
   
   
   
   

4. 
   

   Street And Roadway Lighting Market Smart Features Outlook

   
   
   
   
   1. 
      

      Motion Sensors

      
      
   
   
   2. 
      

      Light Dimming

      
      
   
   
   3. 
      

      Remote Monitoring

      
      
   
   
   4. 
      

      Data Analytics

      
      
   
   
   
   

5. 
   

   Street And Roadway Lighting Market Mounting Type Outlook

   
   
   
   
   1. 
      

      Pole-Mounted

      
      
   
   
   2. 
      

      Wall-Mounted

      
      
   
   
   3. 
      

      Suspended

      
      
   
   
   4. 
      

      In-Ground

      
      
   
   
   
   

6. 
   

   Street And Roadway Lighting Market Regional Outlook

   
   
   
   
   1. 
      

      North America

      
      
   
   
   2. 
      

      Europe

      
      
   
   
   3. 
      

      South America

      
      
   
   
   4. 
      

      Asia Pacific

      
      
   
   
   5. 
      

      Middle East and Africa