Product Code: ETC13188376 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Street Lighting Market was valued at USD 9.8 Billion in 2024 and is expected to reach USD 14 Billion by 2031, growing at a compound annual growth rate of 5.40% during the forecast period (2025-2031).
The global street lighting market is witnessing significant growth driven by the increasing urbanization, government initiatives for energy-efficient lighting solutions, and the adoption of smart lighting technologies. LED street lights are gaining popularity due to their energy efficiency and longer lifespan compared to traditional lighting solutions. Smart street lighting systems, equipped with sensors and connected to a centralized control system, are being increasingly deployed to optimize energy consumption and enhance overall lighting efficiency. North America and Europe are leading the market, while the Asia Pacific region is expected to experience rapid growth due to urban development projects and infrastructure investments. Key players in the market include Philips Lighting, Cree Inc., General Electric, and Osram Licht AG, focusing on innovation and sustainability to stay competitive in this evolving market landscape.
The Global Street Lighting Market is witnessing a shift towards energy-efficient and sustainable lighting solutions, driven by the growing awareness of environmental impact and the need for cost savings. LED technology is dominating the market due to its energy efficiency and longer lifespan, offering significant opportunities for growth. Smart street lighting systems are also gaining traction, enabling remote monitoring and control for improved efficiency and maintenance. Governments worldwide are investing in upgrading their infrastructure to reduce energy consumption and carbon emissions, creating a favorable market environment for innovative solutions. The integration of IoT and data analytics in street lighting systems is another emerging trend, providing opportunities for enhanced functionality and smart city applications. Overall, the market is poised for expansion as cities seek to modernize their lighting infrastructure and achieve sustainability goals.
The Global Street Lighting Market faces several challenges, including high initial installation costs, maintenance expenses, and the need for regular upgrades to keep up with evolving technologies. Additionally, issues related to energy efficiency and sustainability are becoming increasingly important, leading to a demand for more environmentally friendly lighting solutions. The lack of standardization in street lighting systems across different regions also poses a challenge, making it difficult for manufacturers to develop products that meet varying requirements. Moreover, factors such as inadequate funding in some regions, limited awareness about the benefits of modern street lighting solutions, and regulatory hurdles further complicate the market landscape. Overall, addressing these challenges requires innovative approaches, collaboration among stakeholders, and a focus on developing cost-effective and energy-efficient street lighting solutions.
The Global Street Lighting Market is primarily driven by the increasing adoption of energy-efficient lighting solutions to reduce power consumption and greenhouse gas emissions. Governments worldwide are focusing on upgrading their existing street lighting infrastructure to LED lights, which offer higher efficiency and longer lifespan compared to traditional lighting technologies. Additionally, smart street lighting systems are gaining traction due to their ability to be remotely controlled and monitored, leading to cost savings and improved maintenance processes. The rising urbanization, infrastructural development, and growing awareness about the benefits of sustainable lighting solutions are further propelling the market growth. Furthermore, initiatives aimed at enhancing public safety and security through well-lit streets are driving the demand for modern street lighting systems globally.
Government policies related to the Global Street Lighting Market vary by country, but overall, there is a trend towards implementing energy-efficient and sustainable lighting solutions. Many governments are promoting the adoption of LED street lights to reduce energy consumption and carbon emissions. In addition, there is an increasing focus on smart street lighting systems that can be remotely controlled and monitored for optimal energy usage. Some countries offer incentives or subsidies to encourage municipalities and businesses to upgrade their street lighting infrastructure. Moreover, regulations on light pollution and environmental impact are becoming more stringent in some regions. Overall, government policies in the Global Street Lighting Market are driving the transition towards more efficient, environmentally friendly, and technologically advanced lighting solutions.
The Global Street Lighting Market is projected to witness significant growth in the coming years, driven by increasing urbanization, government initiatives for energy efficiency, and the adoption of smart lighting solutions. Technological advancements such as LED lighting, IoT integration, and smart sensors are expected to revolutionize the industry by offering cost-effective and energy-efficient solutions. The shift towards sustainable and environmentally friendly lighting systems, coupled with the emphasis on smart city infrastructure development, will further fuel market expansion. Key players are focusing on innovation and strategic partnerships to enhance their market presence. With a growing demand for energy-efficient lighting solutions and the need for better safety and security measures in urban areas, the Global Street Lighting Market is poised for substantial growth and development in the foreseeable future.
In the global street lighting market, Asia is expected to dominate in terms of market share due to rapid urbanization and infrastructure development in countries like China and India. North America is also a significant market driven by the adoption of smart lighting solutions and government initiatives to promote energy efficiency. Europe is focusing on sustainable lighting technologies and smart city projects, contributing to market growth. The Middle East and Africa region is witnessing increasing investments in infrastructure development, boosting the demand for street lighting solutions. Latin America is also a growing market with a focus on energy-efficient lighting solutions to reduce operating costs and carbon emissions. Overall, the global street lighting market is experiencing steady growth across all regions driven by urbanization, technological advancements, and sustainability initiatives.
Global Street Lighting Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Street Lighting Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Street Lighting Market Revenues & Volume, 2021 & 2031F |
3.3 Global Street Lighting Market - Industry Life Cycle |
3.4 Global Street Lighting Market - Porter's Five Forces |
3.5 Global Street Lighting Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Street Lighting Market Revenues & Volume Share, By Lighting Type, 2021 & 2031F |
3.7 Global Street Lighting Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
3.8 Global Street Lighting Market Revenues & Volume Share, By Offering, 2021 & 2031F |
4 Global Street Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Street Lighting Market Trends |
6 Global Street Lighting Market, 2021 - 2031 |
6.1 Global Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Street Lighting Market, Revenues & Volume, By Conventional Lighting, 2021 - 2031 |
6.1.3 Global Street Lighting Market, Revenues & Volume, By Smart Lighting, 2021 - 2031 |
6.2 Global Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Street Lighting Market, Revenues & Volume, By LEDs, 2021 - 2031 |
6.2.3 Global Street Lighting Market, Revenues & Volume, By Fluorescent Lights, 2021 - 2031 |
6.2.4 Global Street Lighting Market, Revenues & Volume, By HID Lamps, 2021 - 2031 |
6.3 Global Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Street Lighting Market, Revenues & Volume, By Hardware, 2021 - 2031 |
6.3.3 Global Street Lighting Market, Revenues & Volume, By Software and Services, 2021 - 2031 |
7 North America Street Lighting Market, Overview & Analysis |
7.1 North America Street Lighting Market Revenues & Volume, 2021 - 2031 |
7.2 North America Street Lighting Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Street Lighting Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Street Lighting Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Street Lighting Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
7.4 North America Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
7.5 North America Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
8 Latin America (LATAM) Street Lighting Market, Overview & Analysis |
8.1 Latin America (LATAM) Street Lighting Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Street Lighting Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Street Lighting Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Street Lighting Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Street Lighting Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Street Lighting Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
8.4 Latin America (LATAM) Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
8.5 Latin America (LATAM) Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
9 Asia Street Lighting Market, Overview & Analysis |
9.1 Asia Street Lighting Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Street Lighting Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Street Lighting Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Street Lighting Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Street Lighting Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Street Lighting Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
9.4 Asia Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
9.5 Asia Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
10 Africa Street Lighting Market, Overview & Analysis |
10.1 Africa Street Lighting Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Street Lighting Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Street Lighting Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Street Lighting Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Street Lighting Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Street Lighting Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
10.4 Africa Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
10.5 Africa Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
11 Europe Street Lighting Market, Overview & Analysis |
11.1 Europe Street Lighting Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Street Lighting Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Street Lighting Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Street Lighting Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Street Lighting Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Street Lighting Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
11.4 Europe Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
11.5 Europe Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
12 Middle East Street Lighting Market, Overview & Analysis |
12.1 Middle East Street Lighting Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Street Lighting Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Street Lighting Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Street Lighting Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Street Lighting Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Street Lighting Market, Revenues & Volume, By Lighting Type, 2021 - 2031 |
12.4 Middle East Street Lighting Market, Revenues & Volume, By Light Source, 2021 - 2031 |
12.5 Middle East Street Lighting Market, Revenues & Volume, By Offering, 2021 - 2031 |
13 Global Street Lighting Market Key Performance Indicators |
14 Global Street Lighting Market - Export/Import By Countries Assessment |
15 Global Street Lighting Market - Opportunity Assessment |
15.1 Global Street Lighting Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Street Lighting Market Opportunity Assessment, By Lighting Type, 2021 & 2031F |
15.3 Global Street Lighting Market Opportunity Assessment, By Light Source, 2021 & 2031F |
15.4 Global Street Lighting Market Opportunity Assessment, By Offering, 2021 & 2031F |
16 Global Street Lighting Market - Competitive Landscape |
16.1 Global Street Lighting Market Revenue Share, By Companies, 2024 |
16.2 Global Street Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |