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Global High Mast Lighting Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics | Upcoming Report | Apr 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global High Mast Lighting Market, By Type (Adjustable for Height, and Nonadjustable for Height), Technology (LED (Light-emitting Diode), LFL (Linear Fluorescent), HPS ( High-Pressure Sodium), and MH (metal-halide lamp), Application (Roads and Highways, Industrial Areas, Stadiums and Sports Complexes, Ports and Harbors, and Others) - Industry Trends and Forecast to 2031.


High Mast Lighting Market Analysis and Size

Carolina High Mast Industries, Inc. excels in supplying tubular steel poles tailored for diverse applications such as transmission, distribution, substation, and sports lighting. Supported by a proficient team adept in engineering, fabrication, quality control, and project management, the company drives market growth through its commitment to delivering superior service and product quality.

Data Bridge Market Research analyses that the global high mast lighting market  which was USD 1.30 billion in 2023, is expected to reach USD 1.84 billion by 2031, and is expected to undergo a CAGR of 4.43% during the forecast period of 2024-2031. “LED” dominates technology segment of the global high mast lighting market due to its superior energy efficiency and longer lifespan compared to traditional lighting technologies. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Adjustable for Height, and Nonadjustable for Height), Technology (LED (Light-emitting Diode), LFL (Linear Fluorescent), HPS ( High-Pressure Sodium), and MH (metal-halide lamp), Application (Roads and Highways, Industrial Areas, Stadiums and Sports Complexes, Ports and Harbors, and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Bajaj Electricals Ltd (India), CHM Industries, Inc.(U.S.), Jindal Power Corporation (India), Signify Holding (Netherlands), Yangzhou Bright Solar Solutions Co.,Ltd (China), Genlux Lighting (South Africa), Laster Tech (South Korea), VALMONT INDUSTRIES, INC. (U.S.), Millerbernd Manufacturing Company (U.S.), KASPER ENGINEERING PRIVATE LIMITED (U.S.), ALP Systems, LLC (U.S.), StressCrete Group  (Canada), NATIONAL POLE (U.S.), LEKISE (Taiwan), Structural & Steel Products (U.S.), Haiguang lighting (China), among others

Market Opportunities

  • Smart City Initiatives
  • Infrastructure Modernization Projects
  • Expansion of Transportation Networks

Market Definition

High mast lighting refers to a specialized lighting system characterized by tall poles or towers, typically ranging from 30 to 150 feet in height, designed to illuminate large outdoor areas such as highways, airports, stadiums, ports, and industrial complexes. These lighting structures are equipped with multiple luminaires mounted at varying heights on the mast, providing uniform illumination over expansive areas. High mast lighting products are engineered to deliver high-intensity illumination, ensuring visibility and safety in diverse outdoor environments, especially during nighttime and low-light conditions.

High Mast Lighting Market Dynamics

Drivers

  • Urbanization and Infrastructure Development

The ongoing global trend of urbanization and infrastructure development drives the demand for high mast lighting systems. Growing urban populations necessitate enhanced lighting solutions for roads, highways, airports, and sports complexes, fueling the adoption of high mast lighting to ensure safety and visibility in public spaces.

  • Technological Advancements:

Ongoing advancements in lighting technology, including the adoption of LED lighting and smart lighting systems, are driving the growth of the high mast lighting market. These technologies offer improved energy efficiency, longer lifespan, and enhanced control and monitoring capabilities.

Opportunities

  • Smart City Initiatives

The emergence of smart city initiatives presents a significant opportunity for the high mast lighting market. Smart cities leverage advanced technologies, including IoT sensors and controls, to optimize energy consumption, enhance public safety, and improve overall urban infrastructure. High mast lighting systems integrated with smart controls offer enhanced functionality, such as remote monitoring, adaptive lighting, and real-time data analytics.

  • Infrastructure Modernization Projects

Infrastructure modernization projects, particularly in emerging economies, create opportunities for the high mast lighting market. Governments are investing in upgrading transportation networks, industrial zones, and public spaces, requiring efficient lighting solutions for improved visibility and safety. High mast lighting systems with advanced features such as adjustable heights, automated controls, and durable construction are well-suited for modernization initiatives.

  • Expansion of Transportation Networks

The expansion of transportation networks, including highways, expressways, and ports, drives the demand for high mast lighting solutions. As transportation infrastructure expands to accommodate growing traffic volumes and logistics activities, there is a need for reliable lighting systems to ensure safe navigation, particularly during nighttime and adverse weather conditions.

Restraints/ Challenges

  • Regulatory Compliance

Compliance with evolving regulations and standards regarding energy efficiency, light pollution, and environmental impact poses a restraint for stakeholders in the high mast lighting market. Non-compliance may result in penalties, fines, or restrictions on product sales, negatively impacting market growth and profitability. Additionally, the need for continual adaptation to changing regulations can increase operational costs and lead to delays in product development and market entry. This can create barriers to market expansion and limit opportunities for growth within the high mast lighting industry.

  • High Initial Investment Costs

One of the challange for the high mast lighting market is the high initial investment costs associated with the deployment of these systems. The upfront expenses for purchasing and installing high mast lighting fixtures, along with the required infrastructure and controls, can be significant, particularly for large-scale projects. This may deter some potential buyers or delay infrastructure development initiativest. Thus it is expected to create challenge for market growth.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

High Mast Lighting Market  Scope

The market is segmented on the basis of type, technology, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Type

  • Adjustable for Height
  • Nonadjustable for Height

 Technology

  • LED (Light-emitting Diode)
  • LFL (Linear Fluorescent),
  • HPS (High-Pressure Sodium)
  • MH (Metal-Halide Lamp)

 Application

  • Roads and Highways,
  • Industrial Areas
  • Stadiums and Sports Complexes
  • Ports and Harbors
  • Others

High Mast Lighting Market Region Analysis/Insights

The market is analyzed and market size insights and trends are provided by region, type, technology, and application as referenced above.

The regions covered in the market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the Global High Mast Lighting Market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.

North America is expected to dominate the market due to extensive infrastructure projects, stringent safety regulations, and significant investments in outdoor lighting solutions..

Asia-Pacific is expected as fastest growing region due to rapid growth driven by urbanization, population expansion, and government initiatives focusing on infrastructure modernization and smart city development, alongside increasing adoption of advanced lighting technologies for energy efficiency and sustainability.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and High Mast Lighting Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to market.

Some of the major players operating in the market are:

  • Bajaj Electricals Ltd (India)
  • CHM Industries, Inc.(U.S.)
  • Jindal Power Corporation (India)
  • Signify Holding (Netherlands)
  • Yangzhou Bright Solar Solutions Co.,Ltd (China)
  • Genlux Lighting (South Africa)
  • Laster Tech (South Korea)
  • VALMONT INDUSTRIES, INC. (U.S.)
  • Millerbernd Manufacturing Company (U.S.)
  • KASPER ENGINEERING PRIVATE LIMITED (U.S.)
  • ALP Systems, LLC (U.S.)
  • StressCrete Group  (Canada)
  • NATIONAL POLE (U.S.)
  • LEKISE (Taiwan)
  • Structural & Steel Products (U.S.)
  • Haiguang lighting (China)


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