The street lighting market size is expected to grow by $ 1.47 bn and record a CAGR of 4% during 2020-2024.

This post-pandemic global street lighting market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this street lighting market analysis report, key drivers such as increasing number of highway expansion projects have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as competition from counterfeit products, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Street Lighting Market Size be in 2020?

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Who are the Key Vendors in the Street Lighting Market?

The street lighting market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

• Acuity Brands Inc.
• Dialight Plc
• Eaton Corporation Plc
• Everlight Electronics Co. Ltd.
• General Electric Co.
• Koninklijke Philips NV
• OSRAM Licht AG
• Panasonic Corp.
• Schneider Electric SE
• Tendrils Holding BV

The street lighting market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This street lighting market report further entails segmentations by Technology (LED and Traditional) and Geography (APAC, North America, Europe, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

Which are the Key Regional Markets for Street Lighting Market?

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the street lighting market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The declining manufacturing cost of led will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

53% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for street lighting market in the region. This report provides estimations of the contribution of all regions to the growth of the street lighting market size.

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What are the Key Factors Covered in this Street Lighting Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive street lighting market growth during the next five years
• Precise estimation of the street lighting market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the street lighting market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of street lighting market vendors

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