The Street And Roadway Lighting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Street And Roadway Lighting Market?
The market for street and roadway lighting has been on a robust growth trend in recent past. The market size is predicted to escalate from $10.5 billion in 2024 to $11.16 billion in 2025, with the compound annual growth rate (CAGR) being 6.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Street And Roadway Lighting Industry?
The Street And Roadway Lighting market is projected to reach $14.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%.
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What are the Key Growth Drivers Fueling the Street And Roadway Lighting Market?
The key drivers in the street and roadway lighting market are:
• Adoption of smart city initiatives
• Environmental concerns and issues of light pollution
• Integration with IoT and sensor-based technology
• Expansion of urban infrastructure and demand for energy-efficient solutions
Global Market Segmentation: Identifying Major Street And Roadway Lighting Industry Segments
The street and roadway lighting market covered in this report is segmented –
1) By Offerings: Hardware, Software, Services
2) By Lighting Type: Conventional Lighting, Smart Lighting
3) By Light Source: LEDs, Fluorescent Lamps, High-Intensity Discharge Lamps
4) By End User Industry: Highways, Street, Roadways
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What are the Emerging Trends Shaping the Future of the Street And Roadway Lighting Market?
The key trends in the street and roadway lighting market are:
• Advances in LED technology are becoming a key trend in the market.
• Intelligent lighting controls are shaping the future of street and roadway lighting.
• The adoption of sustainability initiatives is becoming increasingly prevalent in the sector.
• Safety and security enhancements and adaptive lighting solutions are emerging trends in the industry.
Who Are the Top Competitors & Leading Players in the Street And Roadway Lighting Market?
Major companies in the street and roadway lighting market are:
• Cree Inc.
• Acuity Brands Inc.
• OSRAM Licht AG
• Current Lighting Solutions
• Syska LED Lights Pvt Ltd.
• Hubbell Inc.
• Zumbotel Group
• LED roadway lighting Ltd.
• ClaroLux Landscape Lighting
• Forus Electric Private Limited
• Koninklijke Philips N V
• WS Atkins Plc
• Shenzhen GHC Co. Ltd.
• Lighting Reality Ltd.
• Schneider Electric
• Petra Systems
• Eaton Corporation plc
• Streetlight.Vision
• Philips Lighting
• TVILIGHT Projects B.V.
• General Electric Company
• Echelon Corporation
• Cyan Technology Ltd.
• Honeywell International Inc.
• Bridgelux Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the street and roadway lighting market in 2024
