Industry Background:
Road lighting is the raised source of light on the edge of the road which basically provides light. Road lighting plays important role in the safety of roads. Road lighting is mainly used in streets and highways in order to drive safe and convenient in night. The market of road lightning is growing due to the factors like need for improvement of safety of drivers driving during night. While factors like lack of awareness and high installation cost is further hampering the market. Along with this factors like penetration of LED light is trending in market.This growth is primarily driven by Need for Improvement in Visibility and Safety of Drivers, Riders, and Pedestrians, Modernization and Development of Infrastructure Such as Smart Cities and Need for Energy-Efficient Lighting Systems.
Globally, a noticeable market trend is evident Increased Demand for Intelligent Solutions in Road Lighting Systems
. Major Manufacturers, such as Koninklijke Philips N.V. (Netherlands), General Electric Company (United States), Cree, Inc. (United States), Acuity Brands, Inc. (United States), OSRAM Licht AG (Germany), Eaton Corp Plc. (Ireland), Hubbell Incorporated (United States) and Bridgelux (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Osram (Germany) acquired Digital Lumens (US). This acquisition enabled OSRAM to strengthen its portfolio of connected lighting systems used in industrial buildings by leveraging the IoT expertise of Digital Lumens.
GE (US) introduced Amazon Alexa-embedded lighting. It is a voice-driven lighting system for the residential application, which features with visual clock and sleep-enhancing light, among others.
Market Drivers
- Need for Improvement in Visibility and Safety of Drivers, Riders, and Pedestrians
- Modernization and Development of Infrastructure Such as Smart Cities
- Need for Energy-Efficient Lighting Systems
Market Trend
- Increased Demand for Intelligent Solutions in Road Lighting Systems
- Increasing Penetration of LED Lights and Luminaires in Outdoor Lighting
Restraints
- Lack of Awareness About the Payback Period
- High Installation Cost of Road Lighting
Opportunities
Energy Efficiency in Developing Economies, Development of Wireless Technology for Road Lighting Systems and Iot Technology in Road Lighting
Challenges
Lack of Common Open Standards, Rapidly Rising Product Testing Cost and Lack of Customer Ownership in Utility-Owned Road Lighting
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Road Lighting Study Sheds Light on
The Road Lighting Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Road Lighting industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Road Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.