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(EstateNewsWire.com, October 05, 2018 ) According to Verified Market Intelligence, The Global Street and Roadway Lighting Market was valued at USD 8.23 Billion in 2017 and is projected to reach USD 12.99 Billion by 2025, growing at a CAGR of 5.9% from 2018 to 2025.
Street and Roadway Lighting are important in order to provide an energy efficient lighting system that meets the standard design criteria for roadway lighting. It delivers adequate and uniform lighting on the roads for the safety of both pedestrians and drivers. Quality of street and roadway lighting is essential for defining the urban character and supporting nightlife activities. Different types of street lighting are used such as fluorescent light, mercury vapor light, induction light, metal halide light, light-emitting diode (LED) and many more. Increase in investment on design and applications of street lights have been contributing to the growth of street and roadway lighting market.
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A requirement of improving visibility and safety of the driver, pedestrians, and riders, expansion of Smart Cities, increasing demand for energy-efficient lighting systems and growing demand for intelligent solutions in street lighting systems have been driving the global street and roadway lighting market. On the other hand, Lacking Awareness regarding the Payback Period and High Cost of Installation of Smart Lighting might hinder the overall market at a global level.
The “Global Street and Roadway Lighting Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Bridgelux, Cree, GE Lighting, Acuity Brands, Inc., Digital Lumens, Inc., Encelium Technologies, Inc., Honeywell International, Legrand S.A., Lutron Electronics, Co., Osram Licht AG, Royal Philips Electronics N.V… Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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About Us: Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
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Verified Market Research
Amaan Kazi
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