Global Street and Roadway Lighting Market Size By Lighting Type, By Light Source, By Wattage Type, By End-User Industry, By Offering, By Geographic Scope And Forecast
Street and Roadway Lighting Market Size And Forecast
Street and Roadway Lighting Market was valued at USD 9.77 Billion in 2019 and is projected to reach USD 14.54 Billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
The Global Street and Roadway Lighting Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Street and Roadway Lighting Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Street and Roadway Lighting Market Overview
The growth of the Street and Roadway Lighting Market is attributed to the rising need for improvement in visibility and safety of drivers, riders, and pedestrians, growing urbanization, and increasing awareness regarding energy-efficient lighting systems. Also, the government orders on energy consumption in most of the countries are promoting the growth of the global Street and Roadway Lighting Market.
This report provides an all-inclusive environment of the analysis for the Global Street and Roadway Lighting Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Street and Roadway Lighting Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Global Street and Roadway Lighting Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global Street and Roadway Lighting Market.
Global Street and Roadway Lighting Market Segmentation Analysis
The Global Street and Roadway Lighting Market is Segmented based on Lighting Type, Light Source, Wattage Type, Offering, End-User Industry, And Geography.
Key Players in Street and Roadway Lighting Market
The Global Street and Roadway Lighting Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Bridgelux, Cree, GE Lighting, Acuity Brands, Inc., Digital Lumens, Inc., Encelium Technologies, Inc., Honeywell International, Legrand S.A., Lutron Electronics, Co., Osram Licht AG, Royal Philips Electronics N.V.
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