Market Overview:
The global LED street lighting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of LED street lights over traditional streetlights. The global LED street lighting market is segmented on the basis of type, application, and region. On the basis of type, it is divided into below 100W, 100-150W, and above 150W segments. The below 100W segment is expected to account for a major share in terms of revenue in 2018 owing to its low installation cost as compared to other types of LED street lights. However, with declining prices and increasing efficiency levels, this segment is projected to witness a slower growth rate during the forecast period from 2018-2030 than other segments. On the basis of application, it can be classified into highway Lighting,, arterials Lighting,, subsidiary road& residential streets Lighting,,and other applications such as parking lots or commercial areas etc. Among these applications ,highway Lighting will dominate with highest share by 2030 due high adoption rates across developed countries .Whereas Arterials Lighting will grow at highest CAGR over next decade due increase infrastructural development activities in emerging economies . Regionally speaking ,the global led Street lightings are witnessing fastest uptake Asia Pacific followed by North America & Europe regions .
Product Definition:
LED street lighting is a type of street lighting that uses light-emitting diodes (LEDs) as its source of illumination. LED streetlights are often brighter and more efficient than traditional high-pressure sodium (HPS) or mercury vapor streetlights, and they can also last longer.
Below100W:
Below100W is a new term in the LED street lighting market and it means less than 100 watts. It includes all types of lights that fall under the headlight category but are generally used for off-road applications such as construction sites, mining areas, etc. The main reason for its existence is to provide better illumination at a lower cost compared to traditional halogen or incandescent lamps.
100-150W:
The 100-150W is the range of power consumption for street lighting applications. It can be used in both outdoor and indoor applications depending on the light output requirement of the area. The power rating is based on LED type that can be used in various types of fixtures such as downlights, path lights, strip lights, etc.
Application Insights:
Highway was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. It has been observed that LED lights consume less power, thus enabling longer journey time on a single battery. This factor is anticipated to boost their adoption on highways in the coming years. Arterials are projected to be the fastest-growing application segment during the forecast period owing to increasing government initiatives for improving urban infrastructure across various countries worldwide.
Subsidiary road & residential streets are also estimated to witness significant growth over next eight years due largelyto growing preference for energy-efficient lighting products among local authorities.
Increasing awareness regarding environment protection along with rising concerns regarding carbon footprint have driven consumers towards adopting LED lightingsubstantial number of which have been used as roadway lightingsubsidiary roads across various regions of world including North America.
Regional Analysis:
The Asia Pacific regional led street lighting market is anticipated to witness significant growth over the forecast period owing to increasing demand for better infrastructure in countries such as China, India, and Japan. Moreover, rising government initiatives such as “Housing for All by 2020†initiative in India are expected to drive the LED street lighting industry over the next eight years.
In addition, growing adoption of LEDs across various applications including commercial sectors has also driven the overall market growth. For instance; malls and restaurants have been replacing incandescent lamps with LEDs due to their low maintenance cost and high lumen output along with aesthetic appeal which results into reduction of electricity bill ultimately benefitting end-users. This factor is anticipated to further boost regional LED street lighting market growth during forecast period.
North America region accounted for highest revenue share in 2017 on account of early adoption of technologies resulting into higher penetration rate especially in U.S., Canada, Mexico city etc.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED street lighting
- Government initiatives and regulations supporting LED adoption
- Technological advancements in LED lighting technology
- Growing demand for smart city infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
LED street lighting Market Research Report
By Type
Below100W, 100-150W, Above150W
By Application
Highway, Arterials, Subsidiary Road& Residential Streets, Other
By Companies
Cree, LEOTEK, Hubbell, Acuity Brands, LSI Industries, GE Lighting, Philips Lighting, Eaton(Cooper), Osram, Kingsun, Revolution Lighting, Excellence Optoelectronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global LED street lighting Market Report Segments:
The global LED street lighting market is segmented on the basis of:
Types
Below100W, 100-150W, Above150W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway, Arterials, Subsidiary Road& Residential Streets, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cree
- LEOTEK
- Hubbell
- Acuity Brands
- LSI Industries
- GE Lighting
- Philips Lighting
- Eaton(Cooper)
- Osram
- Kingsun
- Revolution Lighting
- Excellence Optoelectronics
Highlights of The LED street lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below100W
- 100-150W
- Above150W
- By Application:
- Highway
- Arterials
- Subsidiary Road& Residential Streets
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED street lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED street lighting is a type of lighting that uses LEDs as the light source. LED lights are more energy-efficient than traditional light sources, which means they use less power and last longer. They also produce a brighter light than other types of lighting, which makes them ideal for streets and other public areas.
Some of the major companies in the led street lighting market are Cree, LEOTEK, Hubbell, Acuity Brands, LSI Industries, GE Lighting, Philips Lighting, Eaton(Cooper), Osram, Kingsun, Revolution Lighting, Excellence Optoelectronics.
The led street lighting market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED street lighting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED street lighting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED street lighting Market - Supply Chain
4.5. Global LED street lighting Market Forecast
4.5.1. LED street lighting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED street lighting Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED street lighting Market Absolute $ Opportunity
5. Global LED street lighting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED street lighting Market Size and Volume Forecast by Type
5.3.1. Below100W
5.3.2. 100-150W
5.3.3. Above150W
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED street lighting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED street lighting Market Size and Volume Forecast by Application
6.3.1. Highway
6.3.2. Arterials
6.3.3. Subsidiary Road& Residential Streets
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED street lighting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED street lighting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED street lighting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED street lighting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED street lighting Demand Share Forecast, 2019-2026
9. North America LED street lighting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED street lighting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED street lighting Market Size and Volume Forecast by Application
9.4.1. Highway
9.4.2. Arterials
9.4.3. Subsidiary Road& Residential Streets
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED street lighting Market Size and Volume Forecast by Type
9.7.1. Below100W
9.7.2. 100-150W
9.7.3. Above150W
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED street lighting Demand Share Forecast, 2019-2026
10. Latin America LED street lighting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED street lighting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED street lighting Market Size and Volume Forecast by Application
10.4.1. Highway
10.4.2. Arterials
10.4.3. Subsidiary Road& Residential Streets
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED street lighting Market Size and Volume Forecast by Type
10.7.1. Below100W
10.7.2. 100-150W
10.7.3. Above150W
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED street lighting Demand Share Forecast, 2019-2026
11. Europe LED street lighting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED street lighting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED street lighting Market Size and Volume Forecast by Application
11.4.1. Highway
11.4.2. Arterials
11.4.3. Subsidiary Road& Residential Streets
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED street lighting Market Size and Volume Forecast by Type
11.7.1. Below100W
11.7.2. 100-150W
11.7.3. Above150W
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o- Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED street lighting Demand Share, 2019-2026
12. Asia Pacific LED street lighting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED street lighting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED street lighting Market Size and Volume Forecast by Application
12.4.1. Highway
12.4.2. Arterials
12.4.3. Subsidiary Road& Residential Streets
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED street lighting Market Size and Volume Forecast by Type
12.7.1. Below100W
12.7.2. 100-150W
12.7.3. Above150W
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED street lighting Demand Share, 2019-2026
13. Middle East & Africa LED street lighting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED street lighting Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED street lighting Market Size and Volume Forecast by Application
13.4.1. Highway
13.4.2. Arterials
13.4.3. Subsidiary Road& Residential Streets
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED street lighting Market Size and Volume Forecast by Type
13.7.1. Below100W
13.7.2. 100-150W
13.7.3. Above150W
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED street lighting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED street lighting Market: Market Share Analysis
14.2. LED street lighting Distributors and Customers
14.3. LED street lighting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cree
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LEOTEK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hubbell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Acuity Brands
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LSI Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE Lighting
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Philips Lighting
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eaton(Cooper)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Osram
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kingsun
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Revolution Lighting
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Excellence Optoelectronics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
