Global Street Lighting Market Size Study, by Technology, by Product Type, by Installation Type, by End Use, and Regional Forecasts 2022-2032

Description

The Global Street Lighting Market is valued at approximately USD 12.76 billion in 2023 and is anticipated to grow at a CAGR of 5.76% over the forecast period 2024-2032. As urbanization accelerates and infrastructure modernization gains momentum worldwide, the demand for energy-efficient and intelligent street lighting solutions is rising exponentially. Street lighting systems, which were once designed solely to illuminate roads and pedestrian pathways, are now transforming into smart infrastructure solutions integrated with IoT, AI-powered sensors, and adaptive lighting control technologies. With global governments investing heavily in sustainable urban development projects, the adoption of LED and solar-based street lighting solutions is increasing significantly.

The shift toward smart city projects has further fueled the demand for smart street lighting systems, which optimize energy usage, reduce operational costs, and enhance safety through intelligent remote monitoring and automation features. Additionally, municipalities and government agencies are focusing on solar-powered street lights to minimize carbon footprints and reliance on grid electricity. The retrofit segment is experiencing substantial growth, as authorities seek to replace aging conventional lighting infrastructure with more energy-efficient alternatives. However, despite strong growth potential, high initial installation costs and challenges related to integrating smart lighting networks with legacy systems remain key obstacles for widespread adoption.

The rapid advancements in LED technology and the integration of motion-sensing and adaptive brightness control are reshaping the street lighting landscape. Many key players in the industry are investing in hybrid lighting solutions, which combine solar energy with battery storage and grid power to ensure uninterrupted lighting. Moreover, government initiatives offering subsidies and incentives for energy-efficient lighting upgrades are accelerating market expansion. The increasing focus on public safety, crime prevention, and environmental sustainability is further propelling demand for connected and AI-driven street lighting networks in urban and suburban regions.

Regionally, North America dominated the market in 2023, attributed to its widespread adoption of smart street lighting solutions, robust government initiatives for energy conservation, and strong presence of key players developing next-generation lighting systems. Meanwhile, Asia-Pacific is anticipated to witness the fastest growth, driven by rapid urbanization, infrastructure expansion, and increasing investments in smart city projects across China, India, Japan, and Southeast Asia. Europe remains a significant contributor, particularly due to its stringent energy efficiency regulations and sustainability mandates, which are encouraging widespread deployment of LED and solar-powered street lighting systems.

Major Market Players Included in This Report

Signify N.V. (Philips Lighting)
Cree Lighting (a company of Ideal Industries)
Acuity Brands, Inc.
General Electric Company
OSRAM Licht AG
Eaton Corporation plc
Hubbell Incorporated
LED Roadway Lighting Ltd.
Thorn Lighting
Syska LED Lights
Dialight PLC
Bridgelux Inc.
Schreder Group
Zumtobel Group AG
Leotek Electronics Corporation

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Technology:

LED
Solar
Traditional

By Product Type:

Smart Street Lights
Conventional Street Lights
Hybrid Street Lights

By Installation Type:

New Installation
Retrofit

By End Use:

Residential
Commercial
Industrial
Municipal

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts for 10 years (2022-2032).
Annualized revenue and regional-level analysis for each market segment.
Detailed geographical analysis with country-level insights.
Competitive landscape assessment, covering key market players.
In-depth business strategy insights and recommendations for future market expansion.
Supply and demand analysis to track emerging industry trends and investment opportunities.

Chapter 1. Global Street Lighting Market Executive Summary

1.1. Global Street Lighting Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Technology}
- 1.3.2. {By Product Type}
- 1.3.3. {By Installation Type}
- 1.3.4. {By End Use}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Street Lighting Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Street Lighting Market Dynamics

3.1. Market Drivers
- 3.1.1. Surging Demand for Energy-Efficient and Intelligent Lighting Solutions
- 3.1.2. Government Investments in Sustainable Urban Infrastructure
- 3.1.3. Advancements in IoT and AI-Powered Lighting Technologies
3.2. Market Challenges
- 3.2.1. High Initial Installation Costs
- 3.2.2. Integration Complexities with Legacy Infrastructure
3.3. Market Opportunities
- 3.3.1. Expansion of Smart City Projects and Retrofit Programs
- 3.3.2. Growing Adoption of Solar and Hybrid Lighting Solutions
- 3.3.3. Emerging Trends in Adaptive and Connected Street Lighting

Chapter 4. Global Street Lighting Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Street Lighting Market Size & Forecasts by Technology 2022-2032

5.1. Segment Dashboard
5.2. Global Street Lighting Market: {Technology} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. LED
- 5.2.2. Solar
- 5.2.3. Traditional

Chapter 6. Global Street Lighting Market Size & Forecasts by Product Type 2022-2032

6.1. Segment Dashboard
6.2. Global Street Lighting Market: {Product Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Smart Street Lights
- 6.2.2. Conventional Street Lights
- 6.2.3. Hybrid Street Lights

Chapter 7. Global Street Lighting Market Size & Forecasts by Installation Type 2022-2032

7.1. Segment Dashboard
7.2. Global Street Lighting Market: {Installation Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. New Installation
- 7.2.2. Retrofit

Chapter 8. Global Street Lighting Market Size & Forecasts by End Use 2022-2032

8.1. Segment Dashboard
8.2. Global Street Lighting Market: {End Use} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.2.3. Industrial
- 8.2.4. Municipal

Chapter 9. Global Street Lighting Market Size & Forecasts by Region 2022-2032

9.1. North America Street Lighting Market
- 9.1.1. U.S. Street Lighting Market
  - 9.1.1.1. {Technology/Product Type} Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. {Installation Type/End Use} Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Street Lighting Market
9.2. Europe Street Lighting Market
- 9.2.1. U.K. Street Lighting Market
- 9.2.2. Germany Street Lighting Market
- 9.2.3. France Street Lighting Market
- 9.2.4. Spain Street Lighting Market
- 9.2.5. Italy Street Lighting Market
- 9.2.6. Rest of Europe Street Lighting Market
9.3. Asia-Pacific Street Lighting Market
- 9.3.1. China Street Lighting Market
- 9.3.2. India Street Lighting Market
- 9.3.3. Japan Street Lighting Market
- 9.3.4. Australia Street Lighting Market
- 9.3.5. South Korea Street Lighting Market
- 9.3.6. Rest of Asia-Pacific Street Lighting Market
9.4. Latin America Street Lighting Market
- 9.4.1. Brazil Street Lighting Market
- 9.4.2. Mexico Street Lighting Market
- 9.4.3. Rest of Latin America Street Lighting Market
9.5. Middle East & Africa Street Lighting Market
- 9.5.1. Saudi Arabia Street Lighting Market
- 9.5.2. South Africa Street Lighting Market
- 9.5.3. Rest of Middle East & Africa Street Lighting Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Signify N.V. (Philips Lighting)
- 10.1.2. Cree Lighting (Ideal Industries)
- 10.1.3. Acuity Brands, Inc.
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Signify N.V. (Philips Lighting)
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Cree Lighting (Ideal Industries)
- 10.3.3. Acuity Brands, Inc.
- 10.3.4. General Electric Company
- 10.3.5. OSRAM Licht AG
- 10.3.6. Eaton Corporation plc
- 10.3.7. Hubbell Incorporated
- 10.3.8. LED Roadway Lighting Ltd.
- 10.3.9. Thorn Lighting
- 10.3.10. Syska LED Lights
- 10.3.11. Dialight PLC
- 10.3.12. Bridgelux Inc.
- 10.3.13. Schreder Group
- 10.3.14. Zumtobel Group AG
- 10.3.15. Leotek Electronics Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes