Your Shopping Cart Is Empty
| Report Code: A12169 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Street And Roadway Lighting Market
Request Now !Street and Roadway lights are often used with other traffic safety equipment to increase visibility of equipment, obstacles, or unlit common areas. The primary or major function of street lights is to illuminate objects or areas that would otherwise be dark at night. Street lights are a confirmed way of reducing robberies, burglaries, property defacement, property damage, and other crimes that often happen after the sundown. The developers are making massive investments in building smart cities, and government incentives are provided for outdoor lighting applications such as freeways, bridges, roadways, tunnels, and in-city street lights.
Market Scope and Structure Analysis
Description
The growing complications of transportation groundwork have increased the need for improved illumination on the streets and roadways, in order to ensure people’s safety and security on the streets and roads and to ensure smooth traffic operations on the road as well, while maintaining cost-effectiveness. Street and road lighting plays a fundamental role in the safety and security of the streets and public places. Road lighting is an essential service provided by governments to ensure safety and security at night for its citizens and significant infrastructure developments, such as the construction of highways for connecting cities, are few factors because of which companies are entering into this sector. With a thought in mind to reduce light pollution and energy consumption, cities have started to substitute their sodium street lights with energy Light Emitting Diodes (LEDs) based lights. Safety is the utmost essential advantage of lighting. By enlightening roads, parks and other public spaces, we decrease the risks of accidents, mishaps and injuries. Lighting is also very important for driving during the night. Well-lit public locations also provide pedestrians the much desired sense of security to step out of home after sundown. The street and roadway lighting market is separated in fragments and has high competitions owing to the existence of a large number of local and international players across the world. In countries, like China and India, the governments are inspiring the adoption of LED technology for roadway and highway operations, so as to save energy and maintenance costs. Moreover, in order to encourage investments in the market, the Indian government has only imposed a free tariff (basic tariff) on LED component imports that facilitates the LED products to enter the Indian market as semi-finished products. The report analyses those factors that affects street and roadway lighting market from both demand and supply perspective and further assesses market dynamics that will affect the market during the forecast period.
COVID-19 Impact analysis
Top Impacting Factors
The speedy development of infrastructure projects across the globe, which increased introduction of LED lights and luminaires in street lighting applications, the rising demand for energy-efficient street lighting systems are the noteworthy factors impacting the evolution of the street and roadway lighting market. Further, strict government regulations about lighting efficiency along with the modernization and development of infrastructure across various countries such as China, India, Japan, and among other are also fuelling the requirement for street and roadways lighting market. The quick adoption of connected lights is likely to create remarkable opportunities for the key players of the street and roadway lighting market in the forthcoming years. The reports cover major developments in the street and roadway lighting market as organic and inorganic growth policies. Various companies are concentrating on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities observed in the market were acquisitions, and partnership & collaborations. These activities have showed the way for expansion of business and customer base of market players. The market players from street and roadway lighting market are predicted to profitable growth openings in the future with the increasing demand for street and roadway lighting in the global market.
Market Trends
Key Benefits of the Report
Street and Roadway Lighting Market Report Highlights
| Aspects | Details |
|---|---|
| By Lighting |
|
| By Light Source |
|
| By End-user industry |
|
| By Offering |
|
| By Power |
|
| By Region |
|
| Key Market Players | Acuity Brands Lighting, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), OSRAM Licht GmbH (Germany), ClaroLux Landscape Lighting (U.S.), Cree, Inc. (U.S.), Signify, WS Atkins plc (UK), OSRAM, Cree, Forus Electric Private Limited (India) |
Start reading.
This Report and over 68,418+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Contact Details
Need to talk to an expert? Book your free consultation and let our research experts help you with your needs/problems.
Global Report 
Regional Report
Country Report
Related Report