According to Future Market Insights (FMI), the global high mast lighting market is projected to grow from USD 1,320.2 million in 2024 to USD 2,109.5 million by 2034, with demand expected to rise at a compound annual growth rate (CAGR) of 4.8% over the forecast period.
High mast lighting is widely used on highways, expressways, bridges, and tunnels to enhance visibility, ensure safe navigation, and reduce accident risks. It is also employed in industrial complexes, logistics hubs, ports, and construction sites to illuminate large areas for operations, loading/unloading activities, and security monitoring.
Advancements in lighting technology, such as energy-efficient luminaires, smart controls, and LEDs, are improving the performance, efficiency, and lifespan of high mast lighting systems. This growth is fueled by global infrastructure projects, population growth, and urbanization.
Additionally, stricter regulations, rising safety concerns, and increasing energy costs are prompting governments, municipalities, and private organizations to invest in high-quality lighting solutions. Environmental concerns, regulatory demands, and escalating energy prices are further driving the shift toward high mast lighting.
Key Takeaways from the Report
- The global high mast lighting market value is set to reach USD 1,320.2 million in 2024.
- By 2034, the market is anticipated to rise at a 4.8% CAGR.
- The global high mast lighting market is expected to reach USD 2,109.5 million by 2034.
- China is expected to surge at a CAGR of 3.5% by 2034.
- India’s high mast lighting market is set to rise at 4.6% CAGR by 2034.
Competitive Landscape
The high mast lighting market is fairly consolidated, with leading players accounting for around 31% share. Bajaj Electricals, Carolina High Mast, Jindal Power Corporation, Philips Lighting, and Yangzhou Bright Solar Solutions are the leading manufacturers and suppliers in the high mast lighting market listed in the report.
Key high-mast lighting market companies are investing in continuous research to produce new products and increase their capacity to meet end-user demand. They are directed toward adopting growth strategies to strengthen their footprint, including partnerships, mergers, acquisitions, and facility expansions.
Key Companies –
- Bajaj Electricals Limited, a Mumbai-based Indian company, is a leading provider of consumer appliances and lighting solutions. Established in 1938, it has a turnover of INR 5,429 crores and is part of the USD 100 billion Bajaj Group.
- Carolina High Mast Industries, Inc. offers tubular steel poles for transmission, distribution, substation, and sports lighting, with a professional staff for engineering, fabrication, quality control, and project management.
- Jindal Power Corporation, a key player in the Electrification project field, is a subsidiary of Jindal Sons, an ISO 9001; 2015 certified company based in Kanpur, Uttar Pradesh.
Key Companies Profiled
- Bajaj Electricals
- Carolina High Mast
- Jindal Power Corporation
- Philips Lighting
- Yangzhou Bright Solar Solutions
- HETEC Lighting
- Industrial Poles&Masts
- Genlux Lighting
- Laster Tech
- Valmont Industries
- Millerbernd Manufacturing Company
- Kasper Engineering
- American LitePole
- StressCrete
High Mast Lighting Market Segmentation by Category
By Type:
- Adjustable for Height
- Nonadjustable for Height
By Technology:
- LED (Light-emitting Diode)
- LFL (Linear Fluorescent)
- HPS ( High-Pressure Sodium)
- MH (metal-halide lamp)
By Application:
- Roads and Highways
- Industrial Areas
- Stadiums and Sports Complexes
- Ports and Harbors
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/high-mast-lighting-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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