Reports

LED Street Light Market

Global LED Street Light Market Size: By Application; Retrofit, Retail & Hospitality, Outdoor, Offices, Architectural, Residential, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Manufacturing Process; Project Details, Requirements and Costs Involved; Competitive Landscape; Industry Events and Developments

Global LED Street Light Market Outlook

The global LED street light market size was around USD 8 billion in 2020. The market is further projected to grow at a CAGR of 26.3% over the forecast period of 2023-2028.

 

LED Street Light Market

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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 by Application

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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

The report also covers the major regional markets in the global LED street light market, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

LED Street Light Market by Region

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LED Street Light Market Analysis

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

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Report Features Details
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Retrofit, Retail & Hospitality, Outdoor, Offices, Architectural, Residential, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered XtraLight, Niland, Pemco Lighting Products, LLC, Pkk Lighting, Inc, Eaton, NIPSCO Inc, Wendel, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global LED Lighting Market Overview
    8.1    Key Industry Highlights
    8.2    Global LED Lighting Historical Market (2018-2022) 
    8.3    Global LED Lighting Market Forecast (2023-2028)
    8.4    Global LED Lighting Market by Product Type
        8.4.1    LED Lamps
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Modules
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Fixtures
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global LED Lighting Market by Application
    8.6    Global LED Lighting Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Global LED Street Light Market Analysis
    9.1    Key Industry Highlights
    9.2    Global LED Street Light Historical Market (2018-2022) 
    9.3    Global LED Street Light Market Forecast (2023-2028)
    9.4    Global LED Street Light Market by Application
        9.4.1    Retrofit
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2022)
            9.4.1.3    Forecast Trend (2023-2028)
        9.4.2    Retail & Hospitality
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2022)
            9.4.2.3    Forecast Trend (2023-2028)
        9.4.3    Outdoor
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2018-2022)
            9.4.3.3    Forecast Trend (2023-2028)
        9.4.4    Offices
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2018-2022)
            9.4.4.3    Forecast Trend (2023-2028)
        9.4.5    Architectural
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2018-2022)
            9.4.5.3    Forecast Trend (2023-2028)
        9.4.6    Residential
            9.4.6.1    Market Share
            9.4.6.2    Historical Trend (2018-2022)
            9.4.6.3    Forecast Trend (2023-2028)
        9.4.7    Industrial
            9.4.7.1    Market Share
            9.4.7.2    Historical Trend (2018-2022)
            9.4.7.3    Forecast Trend (2023-2028)
        9.4.8    Others
    9.5    Global LED Street Light Market by Region
        9.5.1    Market Share
            9.5.1.1    North America
            9.5.1.2    Europe
            9.5.1.3    Asia Pacific
            9.5.1.4    Latin America
            9.5.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2018-2022)
        10.5.2    Forecast Trend (2023-2028)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Manufacturing Process
    13.1    Detailed Process Flow
    13.2    Raw Material Requirements
    13.3    Product Overview and Specifications
14    Price Analysis
15    Project Details, Requirements and Costs Involved
    15.1    Land Requirements and Expenditures
    15.2    Construction Requirements and Expenditures
    15.3    Plant Machinery
    15.4    Machinery Pictures
    15.5    Raw Material Requirements and Expenditures
    15.6    Raw Material and Final Product Pictures
    15.7    Packaging Requirements and Expenditures
    15.8    Transportation Requirements and Expenditures
    15.9    Utility Requirements and Expenditures
    15.10    Manpower Requirements and Expenditures
    15.11    Other Capital Investments
16    Loans and Financial Assistance
17    Project Economics
    17.1    Capital Cost of the Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
    17.8    Profit Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players’ Market Share
    18.3    Company Profiles
        18.3.1    XtraLight
            18.3.1.1    Company Overview
            18.3.1.2    Product Portfolio
            18.3.1.3    Demographic Reach and Achievements
            18.3.1.4    Certifications
        18.3.2    Niland
            18.3.2.1    Company Overview
            18.3.2.2    Product Portfolio
            18.3.2.3    Demographic Reach and Achievements
            18.3.2.4    Certifications
        18.3.3    Pemco Lighting Products, LLC
            18.3.3.1    Company Overview
            18.3.3.2    Product Portfolio
            18.3.3.3    Demographic Reach and Achievements
            18.3.3.4    Certifications
        18.3.4    Pkk Lighting, Inc
            18.3.4.1    Company Overview
            18.3.4.2    Product Portfolio
            18.3.4.3    Demographic Reach and Achievements
            18.3.4.4    Certifications
        18.3.5    Eaton
            18.3.5.1    Company Overview
            18.3.5.2    Product Portfolio
            18.3.5.3    Demographic Reach and Achievements
            18.3.5.4    Certifications
        18.3.6    NIPSCO Inc
            18.3.6.1    Company Overview
            18.3.6.2    Product Portfolio
            18.3.6.3    Demographic Reach and Achievements
            18.3.6.4    Certifications
        18.3.7    Wendel
            18.3.7.1    Company Overview
            18.3.7.2    Product Portfolio
            18.3.7.3    Demographic Reach and Achievements
            18.3.7.4    Certifications
        18.3.8    Others
19    Industry Events and Developments


List of Key Figures and Tables

1.    Global LED Lighting Market: Key Industry Highlights, 2018 and 2028
2.    Global LED Lighting Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global LED Lighting Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global LED Lighting Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global LED Lighting Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global LED Lighting Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    Global LED Street Light Market: Key Industry Highlights, 2018 and 2028
9.    Global LED Street Light Historical Market: Breakup by Application (USD Billion), 2018-2022
10.    Global LED Street Light Market Forecast: Breakup by Application (USD Billion), 2023-2028
11.    Global LED Street Light Historical Market: Breakup by Region (USD Billion), 2018-2022
12.    Global LED Street Light Market Forecast: Breakup by Region (USD Billion), 2023-2028
13.    North America LED Street Light Historical Market: Breakup by Country (USD Billion), 2018-2022
14.    North America LED Street Light Market Forecast: Breakup by Country (USD Billion), 2023-2028
15.    Europe LED Street Light Historical Market: Breakup by Country (USD Billion), 2018-2022
16.    Europe LED Street Light Market Forecast: Breakup by Country (USD Billion), 2023-2028
17.    Asia Pacific LED Street Light Historical Market: Breakup by Country (USD Billion), 2018-2022
18.    Asia Pacific LED Street Light Market Forecast: Breakup by Country (USD Billion), 2023-2028
19.    Latin America LED Street Light Historical Market: Breakup by Country (USD Billion), 2018-2022
20.    Latin America LED Street Light Market Forecast: Breakup by Country (USD Billion), 2023-2028
21.    Middle East and Africa LED Street Light Historical Market: Breakup by Country (USD Billion), 2018-2022
22.    Middle East and Africa LED Street Light Market Forecast: Breakup by Country (USD Billion), 2023-2028
23.    Global LED Street Light Market Structure

Key Questions Answered in the Report

What was the market size in 2020?

The global LED street light market reached a value of USD 8 billion in 2020. 

What is the growth rate of the market?

The market is projected to grow at a CAGR of nearly 26.3% in the forecast period of 2023-2028.

What are the major market drivers?

The major drivers of the industry include rising disposable incomes, increasing population, rising construction industry, rising environmental concern, growing awareness regarding the benefits of LED lights, growing industrialisation, development of the smart cities, and rapid urbanisation.

What are the key industry trends of the market?

The strict government regulations pertaining to the use of sustainable products like LED lighting is expected to be a key trend guiding the growth of the industry.

What are the major regional markets, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

What are the leading application segments in the industry?

The leading application segments in the industry are retrofit, retail and hospitality, outdoor, offices, architectural, residential, and industrial, among others.

Who are the key industry players according to the report?

The leading players in the market are XtraLight, Niland, Pemco Lighting Products, LLC, Pkk Lighting, Inc, Eaton, NIPSCO Inc, and Wendel, among others.

Analyst Review

The global LED street light market attained a value of USD 8 billion in 2020 driven by the rapid advancement in technology. Aided by the growing demand for eco-friendly products, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 26.3%. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of application, the industry can be divided into retrofit, retail and hospitality, outdoor, offices, architectural, residential, and industrial, among others. The major regional markets for LED street light are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include XtraLight, Niland, Pemco Lighting Products, LLC, Pkk Lighting, Inc, Eaton, NIPSCO Inc, and Wendel, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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