Home > Markets > Street Lighting >

Street Lighting

Street and roadway lighting market is expected to grow at a CAGR of 6.03% during the forecast period to reach USD 10.94 Billion by 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022.  

The global LED street light market has been witnessed sustained growth over the past few years. The installation of connected LED street lights in smart city projects serves as a contributor to the broader renovation of aging city infrastructure. The implementation of the connected street lighting program enables city managers to control and monitor lighting assets remotely through a mobile network with a Centralized Management System (CMS). 

Governments of various nations are taking initiatives to replace old street lights with LED variants. Government initiatives are also fueling the market growth, as many governments across the world are structuring regulations for encouraging LED adoption. For instance, cities in Canada and the United Kingdom have recently introduced projects for installing smart lighting systems.

Venas’ LED street lights provide high-quality lighting by improving the overall visibility and offering added security for street and highway locations. They can also be paired with motion sensors, photocells, and timers to offer a lighting control system for efficient usage. Additionally, they can be used in various outdoor spaces, such as bridges, roads, and buildings to improve aesthetics and increase energy efficiency.

Related Products