Street and Roadway Lighting Market
Street lights are used to provide lights on the road. Street and roadway lights are the crucial part of the road as they provide safety and security to the public. They provide enough light to see substantial objects attempted to cross the roads. It helps to prevent the threats of night accidents.
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Some of the factors boosting the Street and Roadway Lighting Market are:
- Development of modernization and infrastructure, such as smart cities: One of the most important factors for the growth of the street and roadway lighting is the development of smart city project in different regions of the world. New innovations led to the smoothening of the smart city project as safety is one of the prime concerns that need not to be negotiated.
- Need for efficient power lighting installation: With the introduction of advanced and innovative energy light emitting diodes to reduce the light pollution and energy consumption, they are the replacement of the traditional lights that consumed much energy. For the purpose of safety, street lights are the important aspect of the roads. The increasing penetration of the LED lights in outdoor lighting is augmenting the demand.
Strategic launches of products and expansion of businesses undertaken by market players:
- In April 2017, Cree, Inc. announced the launch of RSW Led street light portfolio that includes 2700k, 5000k and 70 color rendering index which provides variety of lights according to the preferences of society. Their improved model provides warm and inviting lights, superior efficiency and dark sky friendly led lightening for roadways without compromising the comfort of people while offer product.
- In July 2016, AGC Lighting announced the launch of HiSmooth LED Street light which offers high performance power, reliable, energy efficient, long lasting and upgradable lightening technology. Its unique design prevents from heap, dust and sand to a large extent and their surface is coated with anti UV outdoor and ingenious design requires less maintenance..
The market is segmented on the basis of lighting type as conventional lighting, smart lighting; light source as LEDs, fluorescent lights, hid lamps; wattage type as less than 50w, between 50w and 150w, more than 150w; end user as highways, street and roadways, others; offering as hardware, software, services.
“According to Data Bridge Market Research, Global Street And Roadway Lighting Market is expected to grow with a substantial CAGR of 6.3% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Koninklijke Philips N.V., Cree, Inc., GENERAL ELECTRIC, Eaton, OSRAM GmbH, ACUITY BRANDS LIGHTING, INC., Hubbell., Dongguan Kingsun Optoelectronic Co., Ltd., Thorn, LED ROADWAY LIGHTING LTD, Syska, Virtual Extension, CIMCON Lighting, Inc., AGC Lighting, Electrolite Fitting & Equipments., Cree Lighting., SpecGrade LED, LEDVANCE GmbH., SKYLER TEK dba SKYLER LED Lighting and Zhongshan LEDcent Optoelectronics Technology Co.,Ltd among others.
Street and roadway lighting is the important part of the safety of the people travelling on the road. To improve the condition of the street lights, manufacturers have undergoing various innovations in the development of wireless technology for street lighting system. In developing countries, there is need to improve the energy efficiencies that help to decrease the number of road accidents as well.
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