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According to our LPI (LP Information) latest study, the global LED Street Lighting market size was valued at US$ million in 2023. With growing demand in downstream market, the LED Street Lighting is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global LED Street Lighting market. LED Street Lighting are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of LED Street Lighting. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the LED Street Lighting market.
An LED street light is an integrated light that uses light emitting diodes (LED) as its light source. These are considered integrated lights because, in most cases, the luminaire and the fixture are not separate parts. In manufacturing, the LED light cluster is sealed on a panel and then assembled to the LED panel with a heat sink to become an integrated lighting fixture.
In United States, LED Street Lighting key players include Cree, Hubbell, Acuity Brands, LEOTEK, etc. Global top four manufacturers hold a share nearly 55%.
The Middle Atlantic is the largest market, with a share over 20%, followed by The South, and The West, both have a share over 35 percent.
In terms of product, Below 100W is the largest segment, with a share about 45%. And in terms of application, the largest application is Arterials, followed by Subsidiary Road and Residential Streets, Highway, etc.
Key Features:
The report on LED Street Lighting market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the LED Street Lighting market. It may include historical data, market Segmentation by Type (e.g., Below 100W, 100-150W), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the LED Street Lighting market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the LED Street Lighting market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the LED Street Lighting industry. This include advancements in LED Street Lighting technology, LED Street Lighting new entrants, LED Street Lighting new investment, and other innovations that are shaping the future of LED Street Lighting.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the LED Street Lighting market. It includes factors influencing customer ' purchasing decisions, preferences for LED Street Lighting product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the LED Street Lighting market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting LED Street Lighting market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the LED Street Lighting market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the LED Street Lighting industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the LED Street Lighting market.
Market Segmentation:
LED Street Lighting market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Below 100W
- 100-150W
- Over 150W
Segmentation by application
- Highway
- Arterials
- Subsidiary Road and Residential Streets
- Other
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Cree
- LEOTEK
- Hubbell
- Acuity Brands
- LSI Industries
- GE Lighting
- Philips Lighting
- Eaton(Cooper)
- Osram
- Kingsun
- Revolution Lighting
- Excellence Optoelectronics
Key Questions Addressed in this Report
What is the 10-year outlook for the global LED Street Lighting market?
What factors are driving LED Street Lighting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LED Street Lighting market opportunities vary by end market size?
How does LED Street Lighting break out type, application?