Dublin, Aug. 15, 2025 (GLOBE NEWSWIRE) -- The "LED Street Light Market Report by Application, and Region 2025-2033" has been added to ResearchAndMarkets.com's offering.
The global LED street light market size is projected to surge from USD 13.0 Billion in 2024 to USD 40.9 Billion by 2033, at a compound annual growth rate (CAGR) of 12.87% between 2025 and 2033.
The market's robust expansion is driven by enhanced energy efficiency, long lifespan, smart city integration, and cost-effectiveness associated with LED street lights. Government programs also play a pivotal role in accelerating growth.
LED street lights are transforming urban landscapes, offering superior energy efficiency and an extended lifespan of up to 50,000 hours, significantly lowering maintenance costs. They provide a brighter, more uniform light distribution, enhancing visibility and safety for pedestrians and drivers. The lights are compatible with smart city technologies, enabling intelligent management through IoT sensors and control systems, contributing to environmental sustainability by eliminating hazardous materials and reducing greenhouse gas emissions.
Market Growth Drivers:
Road Safety Enhancement
With an increased focus on road safety, LED street lights are essential for better visibility in adverse conditions. As road incidents rise, cities are adopting LED systems for their superior lighting capabilities, supporting initiatives to reduce traffic accidents.
Smart Technology Integration
The advent of smart cities is bolstering intelligent LED street lighting. Features such as adaptive brightness and remote management optimize energy use, enhance safety, and aid in urban planning, aligning with smart city objectives.
Sustainability and Cost-Effectiveness
Municipalities are gravitating towards LEDs due to their long lifespan and lower costs. These solutions are resonating with global sustainability efforts, decreasing energy consumption and waste.
Market Segmentation:
Analysis of the key trends and forecasts reveal that the retrofit segment dominates the market, offering enhanced efficiency and environmental benefits by transforming existing infrastructures.
Regional Insights:
China leads in market share due to sustainable urban development commitments. Breakthroughs in optoelectronics and rising urbanization escalate the demand for reliable public lighting, supported by government energy efficiency initiatives.
Competitive Landscape:
Industry players are enhancing market presence through research and strategic collaborations, developing lights with advanced features and integrating IoT technology. Companies like Philips Lighting, Eaton Corporation, and OSRAM GmbH focus on smart controls and expanding global reach. They engage in public-private partnerships, reinforcing adherence to quality standards and exploring new market opportunities. Educational initiatives highlight the benefits of LED lights, emphasizing safety and smart city integration.
Key Questions Answered:
- What is the global LED street lighting market growth forecast?
- What are the primary drivers of the market?
- What trends are impacting the LED street lighting industry?
- What has been the effect of COVID-19 on the market?
- How is the market segmented by application?
- Which regions dominate the LED street lighting market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $13 Billion |
| Forecasted Market Value (USD) by 2033 | $40.9 Billion |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | Global |
Companies Featured
- Philips Lighting
- Eaton Corporation PLC.
- OSRAM GmbH
- Pkk Lighting Inc.
- Pemco Lighting Products LLC
- Hubbell Inc.
- Cree Inc.
- GE Lighting
- XtraLight LED Lighting Solutions
- Niland Company
- NIPSCO Inc.
- Wendel
- Acuity Brands.
- Nichia Corporation.
- Havells India Limited etc.
For more information about this report visit https://www.researchandmarkets.com/r/jrpltp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
