Public Lighting is a raised source of light on the edge of a road or path. When urban electric power distribution became ubiquitous in developed countries in the 20th century, lights for urban streets followed, or sometimes led. Many lamps have light-sensitive photocells that activate automatically when light is or is not needed: dusk, dawn, or the onset of dark weather. This function in older lighting systems could have been performed with the aid of a solar dial. Many street light systems are being connected underground instead of wiring from one utility post to another.
Market Analysis and Insights: Global Public Lighting Market
Due to the COVID-19 pandemic, the global Public Lighting market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, LED Lighting accounting for % of the Public Lighting global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Cities segment is altered to an % CAGR throughout this forecast period.
North America Public Lighting market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Public Lighting include Philips, Leadsun, Solar Street Lights USA, SEPCO, Jiawei, Yingli Solar, SOKOYO, King-sun and Cree, etc. In terms of revenue, the global 3 largest players have a % market share of Public Lighting in 2021.
Global Public Lighting Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Public Lighting Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
LED Lighting
Solar Lighting
Other
Segment by Application
Cities
Countrysides
By Company
Philips
Leadsun
Solar Street Lights USA
SEPCO
Jiawei
Yingli Solar
SOKOYO
King-sun
Cree
LEOTEK
Hubbell
Acuity Brands
LSI Industries Inc
GE Lighting
Philips Lighting
Eaton Cooper
Osram
Kingsun
Revolution Lighting
Excellence Optoelectronics
FSL
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina