The global market for street lighting and road lighting is expected to grow, reaching 14.2 billion USD by 2031.
The global road lighting market is illuminating the path to a brighter and more sustainable future. In 2022, the market generated approximately \$8.97 billion in revenue and is poised to maintain an upward trend. By 2031, it is expected to reach an estimated valuation of \$14.2 billion, with a significant compound annual growth rate (CAGR) of 5.31% projected during the forecast period from 2023 to 2031. Street lighting and road lighting play a crucial role in enhancing safety, security, and the overall quality of urban life. With the expansion and modernization of cities, there is a surging demand for energy-efficient, smart, and environmentally friendly lighting solutions. For application methods, please check the [PDF download] button or apply directly through the related links.
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Major Companies: Panasonic Schneider Electric Cree, Inc. General Electric Company Eaton Corporation PLC OSRAM Licht AG Acuity Brands, Inc. Hubbell Incorporated Kingsun Optoelectronic Co., Ltd Thorn Lighting LED Roadway Lighting Ltd. Syska MAFCO FZE Bridgelux, Inc Philips
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