How large is the led street light market, and what is its growth trajectory?
The LED street light market size has grown exponentially in recent years. It will grow from $14.31 billion in 2024 to $17.41 billion in 2025 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to energy efficiency initiatives, government regulations and policies, cost savings, urbanization trends, environmental sustainability.
The LED street light market size is expected to see exponential growth in the next few years. It will grow to $37 billion in 2029 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to smart city initiatives, renewable energy integration, public safety and security, urban infrastructure development, cost-effective upgrades. Major trends in the forecast period include implementation of connected street lighting networks, focus on environmentally friendly materials, use of long-lasting and low-maintenance components, government initiatives for led street lighting, customized lighting solutions for smart cities.
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What key drivers have fueled the led street light market’s development over the years?
The development of smart cities around the globe is driving the LED street light market going forward. Smart cities refer to an administrative territory that uses information and communication technology (ICT) to improve its operational efficiency and provide better infrastructural facilities to its residents. Elegantly designed LED streetlights reduce city energy usage and improve public safety. It focuses on the energy efficiency created in smart cities because of the use of technologies for information and communication (ICT), such as the Internet of Things (IoT). For instance, in April 2023, according to the data published by the World Bank, a US-based international financial institution, around 4.4 billion people, or 56% of the world’s population, presently reside in cities. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to more than double from its current level. Therefore, the development of smart cities around the globe is driving the demand for the LED street light market.
What is the segmentation for the led street light market?
The led street light market covered in this report is segmented –
1) By Connectivity: Wired, Wireless
2) By Sales Channels: Direct, Indirect
3) By Applications: Retrofit, Retail And Hospitality, Outdoor, Offices, Architectural, Residential, Industrial, Other Applications
Subsegments:
1) By Wired: Direct Wired Connections, Power Line Communication (PLC) Systems, Integrated Control Systems
2) By Wireless: Wi-Fi Enabled Street Lights, Zigbee-Based Connectivity, Cellular (4G Or 5G) Connected Street Lights, LoRaWAN (Long Range Wide Area Network) Systems, Satellite-Based Communication Systems
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Who are the most influential companies in the led street light market?
Major companies operating in the led street light market include Samsung Electronics Co Ltd., Revolution Lighting Technologies Inc., Panasonic Corporation, Eaton Corporation plc, Wipro Limited, Signify N.V., NIPSCO Inc., Hubbell Inc., Leotek Electronics LLC, Acuity Brands Inc., OSRAM GmbH, Havells India Limited, Zumtobel Group, Syska LED Street Light, Cree Inc., TATA Power Solar Systems Ltd., Crompton Greaves Consumer Electricals Limited, Bajaj Electricals Limited, LSI Industries Inc., PEMCO Lighting Products LLC, XtraLight LED Lighting Solutions, Daintree Company, Niland Company, Nichia Corporation, Pkk Lighting Inc., SAVANT TECHNOLOGIES LLC, Ultravision LED Solutions, Jackson International Ltd., Optolumens Light Solution, Brandon Industries Inc.
What are the top industry trends projected to impact the led street light market?
Technological advancements have emerged as the key trend gaining popularity in the LED street light market. Major companies operating in the LED street light market are developing technologically advanced solutions to strengthen their position in the market. For instance, in August 2023, Goldmedal Electricals Pvt. Ltd., an India-based company specializing in electrical accessories launched torus LED streetlight. This innovative invention aims to revolutionize outdoor lighting by utilizing the newest LED technology and providing strong illumination in a stylish design. The launch of Gold medal Electricals’ torus LED streetlight is a testament to their dedication to offering creative and affordable lighting options for both outdoor and urban settings. The torus LED streetlight is protected from severe weather thanks to its remarkable IP66 rating. High-quality lenses are included with the street light to provide bright, clear illumination.
What are the major regional insights for the led street light market, and which region holds the top position?
The countries covered in the led street light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The LED Street Light Market Report 2025 Offer?
The led street light market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The LED Street lights, also referred to as LED pedestrian lights, are energy-efficient alternatives to traditional street lights such as high-pressure sodium (HPS) Street lights and road lamps that are utilized in cities, within and around homes. These lights enhance traffic safety and road conditions by making objects easier for pedestrians and drivers to recognize at night.
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