Keen Insight for Industry Trend: LED Street Lighting Market Value Analysis by 2026
According to the report, the global LED Street Lighting market is valued at approximately USD 236 million in 2019 and is expected to generate revenue of around USD 280 million by 2026, growing at a CAGR of roughly 2.5% from 2019 and 2026.
The global LED street lighting market is escalated by the cost-effectiveness and energy-efficiency. LED street lights are considered the most energy efficient and cost-effective lighting solution for several outdoor lighting applications. As compared to the conventional lighting options such as fluorescent and incandescent lights, these lights use almost 5o-70% less electricity. Moreover, this type of lighting system is recyclable; contains no harmful gases and substances like mercury, lead or other hazardous chemicals; involves lesser maintenance and waste management procedures, and has a longer lifespan as compared to other lighting systems. As a result of these factors, LED street lights are extensively being used for a number of applications. Some of the places where LED street lights are used include urban areas, small-town main streets, commercial districts, industrial parks, interstate highway interchanges, and rural intersections.
The government's measures will promote the development of the led street lighting market. For Instance, the Indian government has launched various schemes for the distribution of LED bulb under domestic efficient lighting programme. In addition to this, the New York State Energy Research and Development Authority (NYSERDA) project aims to create a more affordable pathway to LED street light conversion in the United States of America. Such measures are expected to bring positive growth in the global LED street lighting market in the coming years.
Regionally, Asia-Pacific held the largest share of the market in 2018, accounting for close to 38% share. It was followed by North America and Europe, with a share of 30% and 22% respectively. Asia-Pacific is expected to dominate the market throughout the forecast period, with annual sales of nearly USD 81 million in 2018.
What is LED Street Lighting?
LED street lights are integrated light-emitting diode (LED) luminaires that are used for street lighting. LED street lights are integrated lights that use light-emitting diodes (LEDs) as their light source. These are considered integrated lights because in most cases the luminaires and luminaires are not separate components. In the manufacturing process, the LED light group is sealed on the panel and then assembled to the LED panel through the heat sink to become an integrated lighting fixture.
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Report Abstract
ü Market Trends and Competitive Landscape
ü Segmentation of Digital Signages Market by Type
ü Segmentation of Digital Signages Market by End-user
ü Market Analysis by Major Region
ü Product Commodity of Digital Signages Market in Major Countries
ü Major Players Profiles
ü Data Source and Research Methodology
LED Street Lighting Type Classification
• <100W
• 100-150W
LED Street Lighting End-users Classification
• Highway
• Arterials
• Subsidiary Road& Residential Streets
• Others
Key regions
North America: United States, Canada, and Mexico
Asia-Pacific: China, Japan, India, Southeast Asia, and Australia
Europe: Germany, UK, France, Italy, Russia, and Spain
Latin America: Brazil, Argentina, and Colombia
The Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
Leading Vendors
Reputable manufacturers are making their LED street light offerings future-proof by designing them with replaceable modules that can be swapped out as technology improves. Major manufacturers profiled in the analysis report include Tropico, YAHAM Lighting, Kyocera Corporation, Citelum, Seming Lighting, Eneltec Group, Cree, LEOTEK, GE Lighting, Hubbell, Philips Lighting, Osram, Excellence Optoelectronics Inc., Eaton Cooper, Acuity Brands, Kingsun, LED Roadway Lighting Ltd., and etc.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of LED Street Lighting Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of LED Street Lighting Market by Types
4 Segmentation of LED Street Lighting Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of LED Street Lighting Market in Major Countries
7 North America LED Street Lighting Landscape Analysis
8 Europe LED Street Lighting Landscape Analysis
9 Asia Pacific LED Street Lighting Landscape Analysis
10 Latin America, Middle East & Africa LED Street Lighting Landscape Analysis
11 Major Players Profile
11.1 Tropico
11.1.1 Tropico Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 YAHAM Lighting
11.3 Kyocera Corporation
11.4 Citelum
11.5 Seming Lighting
11.6 Eneltec Group
11.7 Cree
11.8 LEOTEK
11.9 GE Lighting
11.10 Hubbell
11.11 Philips Lighting
11.12 Osram
11.13 Excellence Optoelectronics Inc.
11.14 Eaton Cooper
11.15 Acuity Brands
11.16 Kingsun
11.17 LED Roadway Lighting Ltd.
…
• Base year: 2018
• Estimated year: 2019
• Forecast period: 2019 - 2026
Target Audience:
• Technology providers
• LED Street Lighting manufacturers
• Raw material suppliers of LED Street Lighting
• Distributors and resellers of LED Street Lighting
• LED Street Lighting industry associations
• Product managers, LED Street Lighting industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
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