Industry Background:
Street and road lighting could be a raised supply of sunshine on the sting of a road, that is principally used to offer light. Street lighting plays a vital role in the safety and security of our streets and public places. Street lighting is principally employed in highways and roadways to illuminate the driving route safe and convenient at the night. Varied kinds of street and roadway lighting are incandescent light, fluorescent light, mercury vapor light, metal halide light, induction light, starlight, high-pressure sodium light, and light-emitting diode (LED).This growth is primarily driven by Rising Demand for the Safety Features like Clear Street and Roadway Lighting for Visibility and Rising City Infrastructures for Commute like Bridges, Pathways, Underpass, Etc..
Globally, a noticeable market trend is evident Integration of Sensors and Switches for Sensing Vehicle Movement to Conserve the Energy Used by Street and Roadway Lighting. The Electrical Components & Equipment sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ClaroLux Landscape Lighting (United States), Cree, Inc. (United States), Signify N.V. (Netherlands), Acuity Brands Lighting, Inc. (United States), Koninklijke Philips N.V. (Netherlands), OSRAM Licht GmbH (Germany), WS Atkins plc (United Kingdom), MMA Lighting Consultancy Ltd. (United Kingdom), Lighting Reality Ltd (United Kingdom) and General Electric Company (United Kingdom) 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:
In 2020, Signify, the world leader in lighting acquired Cooper Lighting Solutions, a leading provider of professional lighting, lighting controls, and connected lighting. With this acquisition, the company plans to focus on the innovation of connected lightings and systems. Additionally, this expands products and applications, both in the indoor and outdoor segments, and distribution through the large network of retailers from both companies.
Market Drivers
- Rising Demand for the Safety Features like Clear Street and Roadway Lighting for Visibility
- Rising City Infrastructures for Commute like Bridges, Pathways, Underpass, Etc.
Market Trend
- Integration of Sensors and Switches for Sensing Vehicle Movement to Conserve the Energy Used by Street and Roadway Lighting
Restraints
- High Costs involved in Installation and Maintenance
Opportunities
Increasing Adoption of Smart City Projects by Government and Rising Adoption of Solar Based Lights and LED for Usage of Renewable Energy Sources
Challenges
Requirement of Skilled Labour for the Handling and Maintenance
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, Street and Roadway Lighting Study Sheds Light on
The Street and Roadway Lighting Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Street and Roadway Lighting industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Street and Roadway 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.