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Street and Roadway Lighting Market by Lighting Type, Light Source, Wattage Type, End User, Offering, and Region - Global Forecast to 2022

Street and Roadway Lighting Market: Global Forecast until 2022

  • February 2017
  • 165 pages
  • ID: 4687457
In this report:
HID lamps registered the highest shipment of ##.## million units in 2015 and are expected to reach ##.## million units by 2022, declining at a CAGR of ##.##% during the forecast period.
The market for HID lamps registered the highest shipment of ##.## million units in 2015 and is expected to reach ##.## million units by 2022, declining at a CAGR of ##.##% during the forecast period.

Summary

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"Street and roadway lighting market intended to grow at a CAGR (Compound annual growth rate) of ~6.0 percent between 2016 and 2022"

According to the new market research report, the street and roadway lighting market is forecasted to grow from ~$7.2B in 2015 to ~$10.9B by 2022, at a compound annual growth rate of ~6.0 percent between 2016 and 2022. The rise of the street and roadway lighting market could be attributed to the need for improvement in visibility and safety of drivers, riders, and pedestrians, increasing urbanization, and growing awareness concerning energy-efficient lighting systems. Also, the government mandates on energy consumption in most of the countries are supporting the increase of the street and roadway lighting market. Nevertheless, high installation costs of smart lighting and lack of awareness about the payback period are the restraining factors for this sector.

"Luminaires anticipated to dominate the hardware segment of the street and roadway lighting market between 2016 and 2022"

The luminaires segment is forecasted to dominate the hardware segment of the street and roadway lighting market during the estimate period. This rise is assigned to the rising adoption of smart street lighting over conventional lighting across the globe. Also, luminaires are being adopted for smart city projects in many countries including India, China (CN), and Japan (JP). This also boosts the industry demand for luminaires.

"Street and roadway lighting market in Asia-Pacific forecasted to grow at the highest compound annual growth rate (CAGR) during the outlook period"

This analysis contains the following regions: Americas, EU, Asia-Pac, and RoW. The sector in Asia-Pacific is anticipated to grow at the maximal rate between 2016 and 2022.

This increase is attributed to the continuous drifting down of prices and government regulations phasing out older, less efficient lighting technologies.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with top experts. The breakdown of the profiles of primary members taking part is presented below:

- By Company Type: Tier 1-35.0 percent, Tier 2-40.0 percent, and 1/3 3-25.0 percent

- By Designation: C-Level Executives-50%, Director Level-35%, and Others-15%

- By area: Americas-35%, Europe-22%, APAC-30%, and RoW-13%

The main players in the street and roadway lighting market are Koninklijke Philips (NYSE:PHG), General Electric (NYSE:GE), Cree, Incorporated, Acuity Brands, Incorporated., OSRAM Licht AG, Eaton Corp Plc., and Hubbell Incorporated, among others.

Segment Research

This market report includes the offering segment, which consists of hardware, software, and services. In terms of light source, the street and roadway lighting market is divided into LEDs, fluorescent lights, and HID lamps. The street and roadway lighting market also consists of lighting type that includes conventional lighting and smart lighting. The street and roadway lighting market is broken down on the basis of wattage type into less than 50W, between 50W and 150W, and more than 150W. Furthermore, the street and roadway lighting market is clasified on the basis of end user into highways, street and roadways, and others which include tunnels and bridges. The entire street and roadway lighting market is divided on the basis of area into Americas, Europe (EU), Asia-Pac, and RoW.

Main highlights

- This business report includes the industry statistics pertaining to lighting type, light source, wattage type, final user, offering, and area, together with their respective revenues.

- Porter's five forces framework has been provided along with the value chain study to offer an insight into the street and roadway lighting market.

- Main drivers, market restraints, opportunities, and alternatives for the street and roadway lighting market have been precised in this industry report.

- Figures of segmentation, study, and estimate for the street and roadway lighting market established on lighting type, light source, wattage type, end-user, offering, and area have been organized to give an global view of the street and roadway lighting market.

- An exhaustive competitive analysis has been provided that includes complete study and revenues of main actors.

- The available customizations for the report offer further country-wise segmentation of the street and roadway lighting market in terms of value importance; further breakdown of this sector could be provided along with profiling of additional firms in the market research.

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