What Has Been the Growth of the High Mast Lighting Market So Far?
The high mast lighting market has seen considerable growth due to a variety of factors.
• The high mast lighting market has grown steadily in recent years. It is projected to rise from $1.24 billion in 2024 to $1.32 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%.
This growth is linked to rapid urbanization, government initiatives and regulations, economic development in emerging markets, availability of funding from both public and private sectors, and growing awareness of energy conservation and environmental impacts.
What Is the Forecasted Market Size and Growth Rate for The High Mast Lighting Market Size In The Coming Years?
The high mast lighting market is expected to maintain its strong growth trajectory in upcoming years.
• The high-mast lighting market is projected to reach $1.68 billion by 2029, growing at a CAGR of 6.3%.
The growth drivers include the focus on aesthetic and architectural lighting, rising investments, and increasing safety and security concerns. Trends include the integration of smart lighting solutions, environmental sustainability, customization, modular designs, and integration with renewable energy sources.
What Factors Are Driving Growth In The High Mast Lighting Market?
The growth of industrialization is expected to spur the demand for high-mast lighting. Industrialization, which involves the shift from agriculture to manufacturing, is driving increased demand for high-mast lighting in large manufacturing plants and warehouses. High-mast lighting ensures sufficient illumination for industrial zones, boosting productivity and safety during nighttime operations. The Federal Reserve Board reported a 0.4% rise in industrial production in March 2024, partly driven by the manufacturing sector's growth, which will likely drive the high-mast lighting market.
What Are The Main Segments Of The Global High Mast Lighting Market?
The high mast lighting market covered in this report is segmented –
1) By Type: Adjustable For Height, Nonadjustable For Height
2) By Technology: Light-Emitting Diode (LED), Linear Fluorescent (LFL), High-Pressure Sodium (HPS), Metal-Halide Lamp (MHL)
3) By Application: Roads And Highways, Industrial Areas, Stadiums And Sports Complexes, Ports And Harbors, Other Applications
Subsegments:
1) By Adjustable For Height: Hydraulic Adjustable High Mast Lights, Manual Adjustable High Mast Lights
2) By Nonadjustable For Height: Fixed Height High Mast Lights
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What Trends Are Shaping The High Mast Lighting Market?
Leading companies in the high-mast lighting market are channelling their attention towards modern solutions like meticulously adjusted optical patterns to guarantee reliable functionality over the long run, even under the most challenging conditions. The precision with which these optical patterns are adjusted in high mast lighting results in efficient light distribution, reducing glare and ensuring uniform brightness over expansive areas, which in turn promotes visibility and safety. This approach was illustrated by Dialight, a UK-based electronics firm, when it introduced the ProSite High Mast model in May 2023. This product offers an impressive maximum output of 65,000 lumens, contributing to site security through its uniform, intense, and clear lighting. Specifically designed for scenarios requiring enhanced visibility and safety, it assures uniform lighting, a crucial factor for upholding site security, particularly in vast spaces or those with elevated ceilings. Made to withstand tough industrial scenarios such as exposure to high temperature, vibration, and contact with water, dust, and debris, it also holds certified approval for use in dangerous environments.
Who Are the Key Players In The High Mast Lighting Market?
Major companies operating in the high mast lighting market are:
• General Electric Company
• Panasonic Corporation
• Signify N.V.
• Cooper Industries LLC
• OSRAM GmbH
• Hubbell Lighting
• Valmont Industries
• Acuity Brands Inc.
• Zumtobel Group
• Cree Inc.
• Musco Corporation
• AB Fagerhult
• LSI Industries
• Thorn Lighting Limited
• Crompton Greaves Limited
• Kingsun Optoelectronic Co. Ltd.
• Holophane Europe Limited
• Carmanah Technologies
• EYE Lighting International
• Atlas Lighting Products
• Kenall Manufacturing
• Phoenix Lighting
• Hess AG
• Bharat Light and Power
• LEDSion Lighting Technology Co.Ltd.
What Is The Most Dominant Region In The High Mast Lighting Market?
North America was the largest region in the high mast lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high mast lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
