The global street and roadway lighting industry is projected to grow significantly, reaching a market value of USD 10.7 billion by 2025. Driven by rising urbanization, infrastructure development, and growing adoption of energy-efficient lighting solutions such as LED technology, the industry is expected to expand at a robust CAGR of 5.4% over the forecast period. By 2035, the market is anticipated to hit USD 18.1 billion, reflecting the increasing focus on smart city initiatives, public safety, and sustainable urban planning across both developed and emerging economies.
Street and roadway lighting systems are crucial elements of urban infrastructure, contributing not only to visibility and traffic safety but also to crime reduction and citywide functionality during nighttime hours. As cities become smarter and more connected, traditional lighting systems are being replaced by advanced lighting technologies that offer greater energy efficiency, better performance, and the ability to integrate with digital infrastructure.
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Drivers of Growth
Several factors are propelling the expansion of the street and roadway lighting market. Chief among them is the global push toward energy conservation and sustainability. Municipal governments are under increasing pressure to reduce operational costs and meet environmental targets. LED lighting, combined with smart lighting controls such as dimmers, sensors, and adaptive lighting systems, enables municipalities to significantly cut energy usage while maintaining adequate illumination.
Another major driver is the surge in smart city projects. As urban areas expand, governments are investing in intelligent infrastructure to improve the quality of life for residents. Smart street lighting systems, which can be remotely monitored and controlled, are a foundational element of smart cities. These systems allow for real-time adjustment based on traffic patterns, weather conditions, and pedestrian movement, contributing to enhanced efficiency and safety.
The integration of Internet of Things (IoT) technology is further revolutionizing the industry. IoT-enabled lighting systems can collect data and communicate with other city infrastructure elements such as traffic signals, surveillance systems, and emergency services. This interconnected approach supports better decision-making and more responsive city management.
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Technological Advancements and Industry Trends
The industry is seeing rapid innovation with the integration of advanced technologies. Adaptive lighting systems that adjust brightness based on ambient light or movement are becoming commonplace. Solar-powered streetlights are also gaining attention, especially in remote or off-grid areas, where extending the electrical grid may not be feasible.
Artificial Intelligence (AI) and machine learning are being leveraged to enhance system automation and predictive maintenance, reducing downtime and operational costs. The ability to analyze usage patterns and preemptively address maintenance issues adds another layer of value for municipalities looking to optimize resources.
The shift toward sustainability is also leading manufacturers to develop environmentally friendly materials and components. Recyclability, low toxicity, and minimized environmental impact during the manufacturing process are becoming standard considerations in the development of modern lighting systems.
Key Industry Players Include
- Signify (formerly Philips Lighting)
- Acuity Brands, Inc.
- Eaton Corporation
- Osram Licht AG
- General Electric (GE Lighting)
- Cree Lighting
- Zumtobel Group
- Hubbell Incorporated
- Schréder Group
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Segmentation
By Wattage Type:
- Below 50 W
- 50-150 W
- Above 150 W
By End Use:
- Streets & Roadways
- Highways
- Other End-uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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