The report of Street and Roadway Lighting Market are By Lighting Type (Conventional Lighting, Smart Lighting (Communication Technology (Wired Technology, Wireless Technology))), by Light Source (LEDs, Fluorescent Lights, HID Lamps), by Offering (Hardware (Lights and Bulbs, Luminaires, Sensor, Controller/Relays)Software, Services), by Application (Residential Street Lighting, Highways and Interchanges, Railway Crossings, Tunnels, Bridges, Housing Complexes and Warehouses), by Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa).
Smart lighting holds the maximum market share in Street and Roadway Lighting Market during the forecast period:
Based on Lighting Type smart lighting is dominating the segment during the forecast period. Technological developments have undoubtedly boosted the demand for in global street lights market on the international level in the last few years. It has improved the capacity of street lights, which is more efficient than the regular street lights. The never-ending demand for sustainable lighting solutions has led to significant growth for smart lighting across global in both developed and developing regions. Furthermore, the development of smart cities across the world has forced the government and companies to look forward to smart lighting solutions. As these smart lighting technologies help in reducing carbon emissions, available at a lower cost, and help increase overall efficiency.
Asia Pacific holds the maximum market sharein Street and Roadway Lighting Market during the forecast period:
In terms of geography, APAC accounted for the largest street lighting market share during 2016. Also, the development of smart cities is also expected to increment the demand from the region of Asia Pacific, which resides in vast populations. The availability of government incentives in countries such as China and India to promote energy-efficient lighting and the presence of the several LED chip and packaging factories in the region, will propel the growth of the market in APAC.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Street and Roadway Lighting Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Street and Roadway Lighting Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Street and Roadway Lighting Market positioning of competitors.
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