PUBLISHER: The Business Research Company | PRODUCT CODE: 1664736
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664736
Street and roadway lighting systems encompass illumination setups along highways designed to enhance safety by improving visibility of roadside hazards and reducing the impact of glare from other light sources. These lighting systems contribute to enhancing the safety of both vehicles and pedestrians utilizing the roads or streets.
The primary types of street and roadway lighting include conventional lighting and smart lighting. Conventional lighting involves the use of incandescent lamps, which produce light through the rapid heating of a metal filament wire until it emits light. The major light sources employed in these systems include LEDs (Light Emitting Diodes), fluorescent lamps, and high-intensity discharge lamps. These lighting systems typically offer hardware, software, and associated services catering to various end-user industries such as highways, streets, and roadways, aiming to optimize visibility and safety for travelers and pedestrians alike.
The street and roadway lighting market research report is one of a series of new reports from The Business Research Company that provides specialty materials market statistics, including street and roadway lighting industry global market size, regional shares, competitors with a specialty materials market share, detailed street and roadway lighting market segments, market trends and opportunities and any further data you may need to thrive in the specialty materials industry. This street and roadway lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The street and roadway lighting market size has grown strongly in recent years. It will grow from $10.5 billion in 2024 to $11.16 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to community demands and feedback, energy conservation initiative, advancements in lighting design, transition to led technology, government regulations.
The street and roadway lighting market size is expected to see strong growth in the next few years. It will grow to $14.54 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to adoption of smart city initiatives, environmental concerns and light pollution, integration with iot and sensors, expansion of urban infrastructure, demand for energy-efficient solutions. Major trends in the forecast period include led technology advancements, smart lighting controls, sustainability initiatives, safety and security enhancements, adaptive lighting solutions.
The street and roadway lighting market is poised for growth, primarily driven by the increasing prevalence of road transportation. Road transport, involving the movement of goods and passengers on roads, is on the rise. The surge in road transportation is expected to fuel the demand for street and roadway lighting, enhancing road safety for drivers, riders, and pedestrians by improving visibility. In March 2021, the U.S. Department of Transportation reported a 2.9% increase in travel on highways and streets compared to March 2021, with a notable change of +7.9 billion vehicle miles. The total projected vehicle miles driven during March 2022 reached 277.4 billion, showcasing a 2.80% increase from the previous year. This growth in road transportation is a significant driver propelling the street and roadway lighting market.
The growth of urbanization is anticipated to contribute to the expansion of the street and roadway lighting market. Urbanization, characterized by the increasing growth and expansion of cities along with population migration from rural to urban areas, creates a higher demand for well-lit streets and roadways. The need for adequate lighting becomes crucial for ensuring safety, security, and efficient transportation as more individuals migrate to urban centers. According to the World Economic Forum, over 4.3 billion people, equivalent to 55% of the global population, resided in urban settings in April 2022. This figure is expected to surge to 80% by 2050, underscoring the ongoing trend of increasing urbanization. As urban areas expand, the development of new roads and streets becomes inevitable, further driving the demand for innovative street and roadway lighting solutions.
Product innovations are a significant trend gaining traction in the street and roadway lighting market. Leading companies in this sector are concentrating on developing new technological solutions to enhance their market position. For example, in March 2022, Evluma, a US-based developer of cost-effective, durable, and environmentally friendly LED lighting solutions, launched RoadMax. This roadway lighting product features advanced glare control and superior light distribution. It is available in multiple configurations (Type II, III, and V) with zero uplight (U0) to comply with roadway standards, while addressing contemporary issues such as light trespass and disability glare. Key features of RoadMax include a field-adjustable wattage selector, light trespass shields, and compatibility with Evluma's ConnectLED app for wireless control and dimming. Additionally, it incorporates Photocontrol Failsafe technology and comes with a robust 10-year warranty and surge protection.
The street and roadway lighting market is witnessing a notable trend as major companies introduce solar street lights to bolster their market positions. Solar street lights are outdoor lighting fixtures that utilize solar panels to harness and store sunlight, providing illumination for roads and public spaces during the night. This environmentally friendly lighting option is gaining traction for its sustainable and energy-efficient characteristics. In May 2023, AGC Inc., a Japan-based glass manufacturing company, unveiled the ST57 Solar LED Street Light. This solar street light is designed to offer environmentally friendly lighting solutions and is suitable for installation in parking lots, parks, and other public areas. The ST57 Solar LED Street Light features independent components for the solar panel and fixture head, offering flexibility and ease of installation. It is available in six different sizes with power outputs ranging from 10W to 60W. The smart control capabilities include a built-in microwave, timer, and passive infrared (PIR) sensor, enhancing its efficiency and functionality.
In February 2022, GE Current, a US-based provider of electrical equipment and lighting solutions, acquired Hubbell Incorporated for an undisclosed amount. The objective of this acquisition is to deliver comprehensive lighting solutions, with a particular focus on enhancing their offerings in the street and roadway lighting market. This strategic move aims to fortify their market position and expand their product range, ultimately providing advanced lighting solutions for safer and more efficient roadways. Hubbell Incorporated is also a US-based provider of street and roadway lighting solutions.
Major companies operating in the street and roadway lighting market include 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.
Asia-Pacific was the largest region in the street and roadway lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the street and roadway lighting market report during the forecast period. The regions covered in the street and roadway lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the street and roadway lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The street and roadway lighting market consists of revenues earned by entities by providing services such as real time clock (RTC), dimming and remote diagnosis. The market value includes the value of related goods sold by the service provider or included within the service offering. The street and roadway lighting market also includes sales of sodium street lamps, xenon lamps and non-polar street lights which are used in providing street and roadway lighting services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Street And Roadway Lighting Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on street and roadway lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for street and roadway lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The street and roadway lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.