
LED Street Light Market Report and Forecast 2025-2034
Description
The global LED street light market size attained a value of USD 16.12 Billion in 2024 . The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 26.30% , to reach USD 166.49 Billion by 2034 .
The global LED street light market is being driven by the rising environmental concern and the growing demand for eco-friendly products. The rapid technological advancement is further supporting the LED street light industry growth globally. As LED street lights are energy-efficient and cost-effective, they are increasingly being adopted for several outdoor lighting applications. As compared to the conventional lights such as fluorescent and incandescent lights, these lighting options consume almost 50-70% less electricity. Thus, their use in places like urban areas, small-town main streets, commercial districts, interstate highway interchanges, and rural intersections is witnessing a healthy growth.
Their use in developed as well as developing nations are experiencing a significant growth owing to the rising awareness regarding climate change. In India, a developing region, the government has taken various initiatives for the promotion and distribution of LED bulb under domestic efficient lighting programme, while in the United States, the New York State Energy Research and Development Authority (NYSERDA) project aims to create a more affordable pathway to LED street light conversion in the country. Such trends are expected to have a positive impact on the global LED street light market in the coming years.
LED Street Light Market Segmentation
With the evolution of LED technology, the production cost of LED lighting has reduced, offering simultaneous improvements in their efficiency and performance. These enhancements are leading to the incorporation of streetlights with energy-efficient, modern LED systems, thus utilising this technology for lighting roadways and exterior areas. This has further resulted in the development of connected city lighting networks. LED streetlights, being cost-effective and environmentally friendly, are considered as one of the best lighting alternatives for traditional streetlights.
On the basis of applications, the LED street light industry is divided into:
The global LED street light market is being supported by the rising environmental concern and growing awareness regarding the benefits of LED lights over traditional lights, such as compact fluorescent and incandescent lamps. Further, the growing industrialisation and rapid urbanisation, particularly in the emerging economies, is leading to the development of the smart cities. The development of the smart cities is one of the major trends driving the growth of the global LED street light industry.
LED street lights have a longer life span and consume lower energy than traditional lighting systems, which is leading to their increased installations across the globe. Further, with the rapid advancement in technology, the development and incorporation of connected LED street lighting in smart cities projects, is boosting the industry growth. The deployment of connected street lighting systems through a mobile network with a Centralised Management System (CMS) allows city managers to control as well as monitor lighting assets remotely. Thus, the benefits offered by connected LED street lighting system has resulted in its growth, further becoming a preferred choice for use among consumers.
Moreover, stringent government regulations pertaining to the use of sustainable products, are providing a boost to the industry. For instance, as of September 2020, the Government of Malaysia has announced that it will replace all the streetlights in the region from incandescent/fluorescent bulbs to LED lights. Such initiatives are expected to further aid the global LED street light industry over the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global LED street light market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The global LED street light market is being driven by the rising environmental concern and the growing demand for eco-friendly products. The rapid technological advancement is further supporting the LED street light industry growth globally. As LED street lights are energy-efficient and cost-effective, they are increasingly being adopted for several outdoor lighting applications. As compared to the conventional lights such as fluorescent and incandescent lights, these lighting options consume almost 50-70% less electricity. Thus, their use in places like urban areas, small-town main streets, commercial districts, interstate highway interchanges, and rural intersections is witnessing a healthy growth.
Their use in developed as well as developing nations are experiencing a significant growth owing to the rising awareness regarding climate change. In India, a developing region, the government has taken various initiatives for the promotion and distribution of LED bulb under domestic efficient lighting programme, while in the United States, the New York State Energy Research and Development Authority (NYSERDA) project aims to create a more affordable pathway to LED street light conversion in the country. Such trends are expected to have a positive impact on the global LED street light market in the coming years.
LED Street Light Market Segmentation
With the evolution of LED technology, the production cost of LED lighting has reduced, offering simultaneous improvements in their efficiency and performance. These enhancements are leading to the incorporation of streetlights with energy-efficient, modern LED systems, thus utilising this technology for lighting roadways and exterior areas. This has further resulted in the development of connected city lighting networks. LED streetlights, being cost-effective and environmentally friendly, are considered as one of the best lighting alternatives for traditional streetlights.
On the basis of applications, the LED street light industry is divided into:
- Retrofit
- Retail and Hospitality
- Outdoor
- Offices
- Architectural
- Residential
- Industrial
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The global LED street light market is being supported by the rising environmental concern and growing awareness regarding the benefits of LED lights over traditional lights, such as compact fluorescent and incandescent lamps. Further, the growing industrialisation and rapid urbanisation, particularly in the emerging economies, is leading to the development of the smart cities. The development of the smart cities is one of the major trends driving the growth of the global LED street light industry.
LED street lights have a longer life span and consume lower energy than traditional lighting systems, which is leading to their increased installations across the globe. Further, with the rapid advancement in technology, the development and incorporation of connected LED street lighting in smart cities projects, is boosting the industry growth. The deployment of connected street lighting systems through a mobile network with a Centralised Management System (CMS) allows city managers to control as well as monitor lighting assets remotely. Thus, the benefits offered by connected LED street lighting system has resulted in its growth, further becoming a preferred choice for use among consumers.
Moreover, stringent government regulations pertaining to the use of sustainable products, are providing a boost to the industry. For instance, as of September 2020, the Government of Malaysia has announced that it will replace all the streetlights in the region from incandescent/fluorescent bulbs to LED lights. Such initiatives are expected to further aid the global LED street light industry over the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global LED street light market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- XtraLight
- Niland
- Pemco Lighting Products, LLC
- Pkk Lighting, Inc
- Eaton
- NIPSCO Inc
- Wendel
- Others
Table of Contents
177 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global LED Lighting Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global LED Lighting Historical Market (2018-2024)
- 5.3 Global LED Lighting Market Forecast (2025-2034)
- 5.4 Global LED Lighting Market by Product Type
- 5.4.1 LED Lamps
- 5.4.1.1 Market Share
- 5.4.1.2 Historical Trend (2018-2024)
- 5.4.1.3 Forecast Trend (2025-2034)
- 5.4.2 Modules
- 5.4.2.1 Market Share
- 5.4.2.2 Historical Trend (2018-2024)
- 5.4.2.3 Forecast Trend (2025-2034)
- 5.4.3 Fixtures
- 5.4.3.1 Market Share
- 5.4.3.2 Historical Trend (2018-2024)
- 5.4.3.3 Forecast Trend (2025-2034)
- 5.5 Global LED Lighting Market by Application
- 5.6 Global LED Lighting Market by Region
- 5.6.1 Market Share
- 5.6.1.1 North America
- 5.6.1.2 Europe
- 5.6.1.3 Asia Pacific
- 5.6.1.4 Latin America
- 5.6.1.5 Middle East and Africa
- 6 Global LED Street Light Market Analysis
- 6.1 Key Industry Highlights
- 6.2 Global LED Street Light Historical Market (2018-2024)
- 6.3 Global LED Street Light Market Forecast (2025-2034)
- 6.4 Global LED Street Light Market by Application
- 6.4.1 Retrofit
- 6.4.1.1 Market Share
- 6.4.1.2 Historical Trend (2018-2024)
- 6.4.1.3 Forecast Trend (2025-2034)
- 6.4.2 Retail & Hospitality
- 6.4.2.1 Market Share
- 6.4.2.2 Historical Trend (2018-2024)
- 6.4.2.3 Forecast Trend (2025-2034)
- 6.4.3 Outdoor
- 6.4.3.1 Market Share
- 6.4.3.2 Historical Trend (2018-2024)
- 6.4.3.3 Forecast Trend (2025-2034)
- 6.4.4 Offices
- 6.4.4.1 Market Share
- 6.4.4.2 Historical Trend (2018-2024)
- 6.4.4.3 Forecast Trend (2025-2034)
- 6.4.5 Architectural
- 6.4.5.1 Market Share
- 6.4.5.2 Historical Trend (2018-2024)
- 6.4.5.3 Forecast Trend (2025-2034)
- 6.4.6 Residential
- 6.4.6.1 Market Share
- 6.4.6.2 Historical Trend (2018-2024)
- 6.4.6.3 Forecast Trend (2025-2034)
- 6.4.7 Industrial
- 6.4.7.1 Market Share
- 6.4.7.2 Historical Trend (2018-2024)
- 6.4.7.3 Forecast Trend (2025-2034)
- 6.4.8 Others
- 6.5 Global LED Street Light Market by Region
- 6.5.1 Market Share
- 6.5.1.1 North America
- 6.5.1.2 Europe
- 6.5.1.3 Asia Pacific
- 6.5.1.4 Latin America
- 6.5.1.5 Middle East and Africa
- 7 Regional Analysis
- 7.1 North America
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Country
- 7.1.3.1 United States of America
- 7.1.3.2 Canada
- 7.2 Europe
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.2.3 Breakup by Country
- 7.2.3.1 United Kingdom
- 7.2.3.2 Germany
- 7.2.3.3 France
- 7.2.3.4 Italy
- 7.2.3.5 Others
- 7.3 Asia Pacific
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.3.3 Breakup by Country
- 7.3.3.1 China
- 7.3.3.2 Japan
- 7.3.3.3 India
- 7.3.3.4 ASEAN
- 7.3.3.5 Australia
- 7.3.3.6 Others
- 7.4 Latin America
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.4.3 Breakup by Country
- 7.4.3.1 Brazil
- 7.4.3.2 Argentina
- 7.4.3.3 Mexico
- 7.4.3.4 Others
- 7.5 Middle East and Africa
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.5.3 Breakup by Country
- 7.5.3.1 Saudi Arabia
- 7.5.3.2 United Arab Emirates
- 7.5.3.3 Nigeria
- 7.5.3.4 South Africa
- 7.5.3.5 Others
- 8 Market Dynamics
- 8.1 SWOT Analysis
- 8.1.1 Strengths
- 8.1.2 Weaknesses
- 8.1.3 Opportunities
- 8.1.4 Threats
- 8.2 Porter’s Five Forces Analysis
- 8.2.1 Supplier’s Power
- 8.2.2 Buyers Power
- 8.2.3 Threat of New Entrants
- 8.2.4 Degree of Rivalry
- 8.2.5 Threat of Substitutes
- 8.3 Key Indicators for Demand
- 8.4 Key Indicators for Price
- 9 Value Chain Analysis
- 10 Manufacturing Process
- 10.1 Detailed Process Flow
- 10.2 Raw Material Requirements
- 10.3 Product Overview and Specifications
- 11 Price Analysis
- 12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Machinery Pictures
- 12.5 Raw Material Requirements and Expenditures
- 12.6 Raw Material and Final Product Pictures
- 12.7 Packaging Requirements and Expenditures
- 12.8 Transportation Requirements and Expenditures
- 12.9 Utility Requirements and Expenditures
- 12.10 Manpower Requirements and Expenditures
- 12.11 Other Capital Investments
- 13 Loans and Financial Assistance
- 14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
- 15 Competitive Landscape
- 15.1 Supplier Selection
- 15.2 Key Global Players
- 15.3 Key Regional Players
- 15.4 Key Player Strategies
- 15.5 Company Profiles
- 15.5.1 XtraLight
- 15.5.1.1 Company Overview
- 15.5.1.2 Product Portfolio
- 15.5.1.3 Demographic Reach and Achievements
- 15.5.1.4 Certifications
- 15.5.2 Niland
- 15.5.2.1 Company Overview
- 15.5.2.2 Product Portfolio
- 15.5.2.3 Demographic Reach and Achievements
- 15.5.2.4 Certifications
- 15.5.3 Pemco Lighting Products, LLC
- 15.5.3.1 Company Overview
- 15.5.3.2 Product Portfolio
- 15.5.3.3 Demographic Reach and Achievements
- 15.5.3.4 Certifications
- 15.5.4 Pkk Lighting, Inc
- 15.5.4.1 Company Overview
- 15.5.4.2 Product Portfolio
- 15.5.4.3 Demographic Reach and Achievements
- 15.5.4.4 Certifications
- 15.5.5 Eaton
- 15.5.5.1 Company Overview
- 15.5.5.2 Product Portfolio
- 15.5.5.3 Demographic Reach and Achievements
- 15.5.5.4 Certifications
- 15.5.6 NIPSCO Inc
- 15.5.6.1 Company Overview
- 15.5.6.2 Product Portfolio
- 15.5.6.3 Demographic Reach and Achievements
- 15.5.6.4 Certifications
- 15.5.7 Wendel
- 15.5.7.1 Company Overview
- 15.5.7.2 Product Portfolio
- 15.5.7.3 Demographic Reach and Achievements
- 15.5.7.4 Certifications
- 15.5.8 Others
Pricing
Currency Rates
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