Street Lighting Market is Expected to Generate Huge Profits by 2021
Street light is a raised source of light on the edge of a road, which is mainly used to provide light. Street lighting plays a crucial role in the safety and security of our streets and public places.
Street light is a raised source of light on the edge of a road, which is mainly used to provide light. Street lighting plays a crucial role in the safety and security of our streets and public places.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Street</strong> <strong>Lighting</strong> <strong>Market</strong>: Global Industry Analys<strong>is</strong> and Forecast <strong>to</strong> 2015 <strong>to</strong> <strong>2021</strong><br />
<strong>Street</strong> light <strong>is</strong> a ra<strong>is</strong>ed source of light on the edge of a road, which <strong>is</strong> mainly used <strong>to</strong> provide light.<br />
<strong>Street</strong> lighting plays a crucial role in the safety and security of our streets and public places. <strong>Street</strong><br />
lighting <strong>is</strong> mainly used in highways and roadways in order <strong>to</strong> illuminate the driving route safe and<br />
convenient in night. Various types of street lighting are incandescent light, fluorescent light,<br />
mercury vapor light, metal halide light, induction light, solar light, high pressure sodium light and<br />
light-emitting diode (LED). Apart from highways street light <strong>is</strong> also used in commercial, industrial<br />
and residential purpose mainly in garden, hotels and bridge. Investment <strong>by</strong> multinational companies<br />
on street light in design, production and application helps in the growth of street lighting market.<br />
Get access <strong>to</strong> full summary @: http://www.pers<strong>is</strong>tencemarketresearch.com/market-research/street-lightingmarket.asp<br />
<strong>Street</strong> light <strong>is</strong> used in performance moni<strong>to</strong>ring activities such as in traffic control conditions and<br />
weather conditions. Falling LED prices, various initiatives and projects <strong>by</strong> government <strong>to</strong> make city<br />
smarter and reducing carbon em<strong>is</strong>sions are some of the key <strong>is</strong>sue which leads <strong>to</strong> drive the global<br />
street lighting market. Growing urbanization and product up gradation are also some of the key<br />
fac<strong>to</strong>r for growth of global street lighting market. Various street lighting manufactures focuses on<br />
several <strong>is</strong>sues such low energy consumption, long predictable lifetime, accurate color rendering,<br />
low electrical losses, light pollution and introducing environmental friendly street lighting system<br />
such as solar street light. Such initiative further helps in the growth of global street lighting market.<br />
Many global brands such as Philips, Honeywell and Osram offers cus<strong>to</strong>mize products in the market<br />
with emphas<strong>is</strong> on latest technology, quality, innovation and value combined with better after-sales<br />
services. Growing investment over research and development on various street lighting and<br />
introduction of new technology such as wireless, sensor based street light further helps in the<br />
growth of street lighting market. The <strong>to</strong>tal number of global street light in 2013 <strong>is</strong> around<br />
281.4million, th<strong>is</strong> number <strong>is</strong> expected <strong>to</strong> reach 339.0 million <strong>by</strong> 2025. Such growth in number of<br />
street lighting further boosts the global street lighting market. Asia pacific <strong>is</strong> one of the prominent<br />
markets for growth of street lighting. Recently in a street light project, Chinese government<br />
provided strong incentives <strong>to</strong> replace streetlights with LED-based streetlights due <strong>to</strong> its great energy<br />
savings efficiency. Such project <strong>by</strong> government also helps in the market growth of street light. Asia<br />
Pacific <strong>is</strong> expected <strong>to</strong> witness fastest growth rates in street lighting market during forecasted period<br />
2014- 2020. In North America, the U.S holds the largest market share in street lighting market.<br />
Introduction of new and innovative products in the street lighting further boost the street lighting<br />
market. The global street lighting market <strong>is</strong> expected <strong>to</strong> grow in a single digit growth rate during<br />
forecasted period 2014- 2020.<br />
A sample of th<strong>is</strong> report <strong>is</strong> available upon request @<br />
http://www.pers<strong>is</strong>tencemarketresearch.com/samples/3736<br />
Some of the major companies operating in global street lighting market are Bridgelux, Cree, GE<br />
<strong>Lighting</strong>, Acuity Brands, Inc., Digital Lumens, Inc., Encelium Technologies, Inc., Honeywell<br />
International, Legrand S.A., Lutron Elecronics, Co., Osram Licht AG, Royal Philips Electronics<br />
N.V.<br />
<strong>Street</strong>light.V<strong>is</strong>ion, Cooper <strong>Lighting</strong> div<strong>is</strong>ion, Siemens, Matsushita Electric Industrial Co., Bajaj<br />
Electricals and Zum<strong>to</strong>bel AG.