Road Lighting System Market Size, Share 2024

The global Road Lighting System​ market was valued at US$ 9.7 billion in 2023 and is projected to reach US$ 13.4 billion by 2030, at a CAGR of 23.1% during the forecast period.

The global Road Lighting System​ market was valued at US$ 9.7 billion in 2023 and is projected to reach US$ 13.4 billion by 2030, at a CAGR of 23.1% during the forecast period.

Report Overview:

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Road lighting systems play a crucial role in enhancing road safety, reducing accidents, and improving visibility for both drivers and pedestrians.

This report provides a deep insight into the global Road Lighting System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

Reduction in Night-time Accidents:

  • Properly implemented road lighting can reduce night-time accidents by up to 30%. This significant reduction is attributed to better visibility and increased driver reaction times.

Energy Efficiency:

  • Modern LED road lighting systems can reduce energy consumption by 40–60% compared to traditional lighting systems. This not only leads to cost savings but also supports environmental sustainability initiatives.

Maintenance Costs:

  • LED lighting systems have a longer lifespan, often exceeding 50,000 hours, which translates to lower maintenance costs. Traditional lighting systems, on the other hand, may require frequent replacements and maintenance, increasing overall expenses.

Impact on Crime Rates:

  • Improved road lighting is associated with a reduction in crime rates by approximately 20%. Well-lit streets deter criminal activities, making urban areas safer for residents and visitors.

User Satisfaction:

  • Surveys indicate that 85% of road users feel safer and more comfortable driving on well-lit roads. Enhanced lighting improves visibility of road signs, obstacles, and pedestrians, contributing to a better driving experience.

Economic Benefits:

  • Investment in road lighting infrastructure can lead to economic benefits. A study found that for every dollar spent on road lighting, there is an estimated return of $4 in economic benefits, including reduced accident costs and improved traffic flow.

Pedestrian Safety:

  • Road lighting significantly improves pedestrian safety, with a reduction in pedestrian fatalities by up to 60% in well-lit areas. Enhanced visibility ensures that drivers can see and react to pedestrians crossing the road.

CO2 Emissions:

  • Transitioning to energy-efficient lighting systems can reduce CO2 emissions by up to 70%. This reduction is crucial for cities aiming to meet their environmental targets and combat climate change.

Smart Lighting Integration:

  • The integration of smart technology in road lighting systems allows for adaptive lighting based on traffic and weather conditions. These systems can reduce energy usage by an additional 20–30%, ensuring that lights are used efficiently and only when needed.

Cost Savings:

  • Municipalities that upgrade to LED lighting can expect to save between 50–70% on their road lighting electricity bills. These savings can be redirected to other critical infrastructure projects.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Road Lighting System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

Global Road Lighting System Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

  • Koninklijke Philips N.V.
  • Hubbell Lighting
  • General Electric
  • Acuity Brands Lighting
  • GE Lighting
  • Royal Philips
  • Eaton
  • Schneider Electric
  • Honeywell International
  • Lutron Electronics
  • CREE

Market Segmentation (by Type)

  • Wired
  • Wireless

Market Segmentation (by Application)

  • Residential Area
  • Industrial Area
  • Municipal

Geographic Segmentation

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

Key Benefits of This Market Research:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape strategies of key players
  • Potential niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Road Lighting System Market
  • Overview of the regional outlook of the Road Lighting System Market:

Key Reasons to Buy this Report:

  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Road Lighting System Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.

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Table of content

Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Road Lighting System
1.2 Key Market Segments
1.2.1 Road Lighting System Segment by Type
1.2.2 Road Lighting System Segment by Application
1.3 Methodology Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions Caveats
2 Road Lighting System Market Overview
2.1 Global Market Overview
2.1.1 Global Road Lighting System Market Size (M USD) Estimates and Forecasts (2019–2030)
2.1.2 Global Road Lighting System Sales Estimates and Forecasts (2019–2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Road Lighting System Market Competitive Landscape
3.1 Global Road Lighting System Sales by Manufacturers (2019–2024)
3.2 Global Road Lighting System Revenue Market Share by Manufacturers (2019–2024)
3.3 Road Lighting System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Road Lighting System Average Price by Manufacturers (2019–2024)
3.5 Manufacturers Road Lighting System Sales Sites, Area Served, Product Type
3.6 Road Lighting System Market Competitive Situation and Trends
3.6.1 Road Lighting System Market Concentration Rate
3.6.2 Global 5 and 10 Largest Road Lighting System Players Market Share by Revenue
3.6.3 Mergers Acquisitions, Expansion
4 Road Lighting System Industry Chain Analysis
4.1 Road Lighting System Industry Cha

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