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Global Street Lighting Market 2018-2023|Current Industry Status & Growth Opportunities, Top Key Players like GE Lighting, Philips, OSRAM expected to reach CAGR of 4.47%.

Street Lighting

Street Lighting market research and analysis focus on rising market drifts to assist businesses to find market opportunities and develop effective ways to optimise their market positions. The Report contains complete coverage, intensive analysis, and actionable market insights to spot opportunities in existing and potential markets. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report can be used by marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors also established as well as new entrants to live competitive positions in dynamic market situations. Industry experts project Street Lighting market to grow at a CAGR of 4.47% during the period 2018-2023.

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About Street Lighting

Globally, lighting accounts for 10%-35% of the total energy bills, which are substantial. Need for energy efficiency in street lighting has been increasing due to rising energy prices and changing climate. This has led to increased adoption of energy-efficient technologies such as light-emitting diode (LED) to replace older street lighting models that use a compact fluorescent lamp (CFL) or halogen. The typical cost of a street lighting system for a period of 25 years is approximately split as 85% for maintenance, which includes power supply and replacement cost, and 15% of installation cost. Power prices have continuously increased, and the trend is expected to continue owing to urbanization. The urbanization is leading to the development of new roads, requiring additional street light, thereby increasing the power consumption. Therefore, to reduce the power consumed by street lights, existing street lights are being replaced by solar street lights and are also preferred in new installations.

Market analysts forecast the global street lighting market to grow at a CAGR of 4.47% during the period 2017-2023.

Key vendors operating in Street Lighting market space are:

  • GE Lighting, Philips, OSRAM, Panasonic, Schneider Electric, Acuity Brands, Advanced Lighting Technologies, Bridgelux, CITIZEN ELECTRONICS, Eaton, Cree, Dialight, Kingsun Optoelectronic, Energy Focus, EVERLIGHT, Intematix, LEEDARSON LIGHTING, Lemnis Lighting,LG Innotek, Luminus Devices, NICHIA, NVC Lighting Technology, Seoul Semiconductor, and TOYODA GOSEI.

Street Lighting Market Trend, Challenge and Driver: –

Market driver

  • Declining manufacturing cost of LED.
  • For a full, detailed list, view our report

Market challenge

  • Competition from counterfeit products.
  • For a full, detailed list, view our report

Market trend

  • Government support for infrastructure development.
  • For a full, detailed list, view our report

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Consumer Landscape: –

The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.

Geographic Segmentation covered in Street Lighting Market Report: –

  • North America (USA, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This Street Lighting market research is the result of

Qualitative analysis: – Street Lighting Market drivers, Market challenges, Market trends, Five forces analysis.

Quantitative analysis: – Street Lighting Market size and forecast, Market segmentation, Geographical insights, Competitive landscape.

Primary research: – Street Lighting Industry journals and periodicals, Government bodies, Annual reports of key stakeholders.

Secondary research: – Street Lighting Manufacturers/suppliers, Channel partners, Industry experts, Strategic decision makers.

Data synthesis: – Collation of data, Estimation of key figures, Analysis of derived insights.

Data validation: – Triangulation with data models, Reference against proprietary, databases, Corroboration with industry experts.

Other Analyses: Apart from The Aforementioned Information, Trade and Distribution Analysis for The Manufactured Housing Industry, SWOT Analysis for New Projects and Feasibility Analysis for New Investment Are Included.

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