What is the current Street and Roadway Lighting Market size?

The Street and Roadway Lighting Market is projected to register a CAGR of 5.66% during the forecast period (2024-2029) Read More

Who are the key players in Street and Roadway Lighting Market?

Cree Inc. (Wolfspeed, Inc.), Signify Holding, OSRAM Gmbh, GE Current and DCD Technologies ME FZCO are the major companies operating in the Street and Roadway Lighting Market. Read More

Which is the fastest growing region in Street and Roadway Lighting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Street and Roadway Lighting Market?

In 2024, the Asia Pacific accounts for the largest market share in Street and Roadway Lighting Market. Read More

What years does this Street and Roadway Lighting Market cover?

The report covers the Street and Roadway Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Street and Roadway Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Street and Roadway Lighting Market - Size, Share & Industry Analysis

Street and Roadway Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Roadway Lighting Manufacturers and It is Segmented by Lighting Type (Conventional and Smart Lighting), Light Source (LEDs, Fluorescent Lamps, and High-Intensity Discharge Lamps), Offering (Hardware (Lights and Bulbs, Luminaries, Control Systems), Software), Power (Below 50W, Between 50-150W, More Than 150W), Application (Highways, Street and Roadways), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Street and Roadway Lighting Industry Overview

The street and roadway lighting market is fragmented and highly competitive owing to the presence of many regional and international players across the globe. Some of the significant players are Signify, OSRAM, and Cree, among others.

In June 2023, The Government of India approved the installation of 90,000 smart street lights on all the roads maintained by the Public Works Department (PWD) in Delhi to eliminate dark spots and bolster women's security. The government stressed a robust central monitoring system for ensuring the uninterrupted functioning of the lights.

In February 2023, The Monroe City Council announced the approval of a motion to submit a grant request to the Southeast Michigan Council of Governments (SEMCOG) to convert street lights around the city to light-emitting diode (LED) lamps. After approval, the grant is expected to cover up to 80 percent of the capital costs the city would incur in the conversion.