Global Street and Roadway Lighting Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Lighting Type;

Conventional Lighting and Smart Lighting - Communication Technology[Wired Technology and Wireless Technology].

By Light Source;

LEDs, Fluorescent Lights and HID Lamps.

By Power;

Below 50W, Between 50W - 150W, and More Than 150W .

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn004480342 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Street and Roadway Lighting Market (USD Million), 2021 - 2031

In the year 2024, the Global Street and Roadway Lighting Market was valued at USD 10,927.98 million. The size of this market is expected to increase to USD 15,376.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5%.

The global street and roadway lighting market is undergoing significant growth driven by urbanization, infrastructure development, and the increasing need for energy-efficient lighting solutions. As cities expand and new roadways are constructed, the demand for effective and reliable lighting systems rises to ensure safety, security, and visibility for both drivers and pedestrians. Modern street lighting systems are increasingly incorporating LED technology due to its energy efficiency, long lifespan, and lower maintenance requirements compared to traditional lighting solutions.

LED streetlights are becoming the standard in new installations and retrofitting projects worldwide. Governments and municipalities are investing heavily in upgrading outdated lighting infrastructure with smart, connected LED systems. These systems offer significant energy savings, reducing electricity consumption and operational costs for cities. Additionally, LED streetlights provide better illumination quality, which enhances public safety and reduces crime rates. The transition to LED lighting is also aligned with global sustainability goals, as it contributes to significant reductions in greenhouse gas emissions.

Technological advancements in smart lighting are further propelling the street and roadway lighting market. Smart lighting systems equipped with IoT sensors and wireless communication capabilities allow for remote monitoring and control of streetlights. These systems can adjust brightness levels based on real-time conditions such as traffic flow and weather, and they enable predictive maintenance by alerting operators to issues before they become critical. Integration with other smart city technologies, such as traffic management systems and environmental monitoring, further enhances the functionality and benefits of smart street lighting. As urban areas continue to embrace smart city initiatives, the adoption of advanced street and roadway lighting solutions is expected to accelerate, driving market growth and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Lighting Type
    2. Market Snapshot, By Light Source
    3. Market Snapshot, By Power
    4. Market Snapshot, By Region
  4. Global Street and Roadway Lighting Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Infrastructure Development
        2. Energy Efficiency and Cost Savings
        3. Government Regulations and Sustainability Goals
      2. Restraints
        1. High Initial Installation Costs
        2. Technical and Compatibility Issues
        3. Maintenance and Operational Challenges
      3. Opportunities
        1. Increasing Adoption of Smart City Initiatives
        2. Technological Innovation in IoT and AI Integration
        3. Expansion in Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Street and Roadway Lighting Market, By Lighting Type, 2021 - 2031 (USD Million)
      1. Conventional Lighting
      2. Smart Lighting
        1. Communication Technology
          1. Wired Technology
          2. Wireless Technology
    2. Global Street and Roadway Lighting Market, By Light Source, 2021 - 2031 (USD Million)
      1. LEDs
      2. Fluorescent Lights
      3. HID Lamps
    3. Global Street and Roadway Lighting Market, By Power, 2021 - 2031 (USD Million)
      1. Below 50W
      2. Between 50W - 150W
      3. More Than 150W .
    4. Global Street and Roadway Lighting Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips Lighting (Signify)
      2. Osram Licht AG
      3. Acuity Brands, Inc.
      4. Eaton Corporation
      5. General Electric Company (GE Lighting)
      6. Cree, Inc.
      7. Hubbell Incorporated
      8. Schréder Group
      9. Havells India Ltd.
      10. Zumtobel Group AG
  7. Analyst Views
  8. Future Outlook of the Market