The Street light is an upraised source of light on the edge of a road, which is majorly used to deliver the light. Street lighting plays an essential role in the protection and security of our streets and public places. The Street lighting is majorly utilized in highways and roadways in order to illumine the propelling route safe and convenient in night. Several forms of street lighting are incandescent light, fluorescent light, mercury vapor light, metal halide light, stimulation light, solar light, high pressure sodium light and light-emitting diode (LED).
According to the report analysis, ‘World LED Street Lighting Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ states that across the worldwide LED street lighting market there are several companies which presently functioning more proficiently for leading the highest market growth and registering the handsome value of market share around the globe during the short span of time while spreading the awareness about the applications of such, delivering better consumer satisfaction, decreasing the linked prices, employing the young work force, enhancing the applications and specifications of the production technologies, analyzing and studying the strategies and policies of the government as well as competitors and establishing the several research and development programs includes Cree, Eaton(Cooper), LEOTEK, Philips Lighting, Hubbell, Kingsun, GE Lighting, LSI Industries, Osram, Acuity Brands, Revolution Lighting, Excellence Optoelectronics and several others.
Although, with the advancement of LED technology, the production cost of LED lighting has decreased, offering simultaneous advancements in their proficiency and performance. Such enhancements are leading to the integration of streetlights with energy-efficient, advanced LED systems, thus utilizing this technology for lighting roadways and exterior locations. This has further occasioned in the improvement of connected city lighting networks. The LED streetlights, being cost-effective and environmentally friendly, are measured as one of the best lighting substitutes for traditional streetlights.
In addition, the worldwide LED street light market is being supported by the growing environmental concern and increasing awareness concerning the benefits of LED lights over outdated lights, such as compact fluorescent and incandescent lamps. Further, the effective growth in the industrialization and speedy urbanization, particularly in the emerging regions, is leading to the improvement of the smart cities. The enhancement of the smart cities is one of the foremost trends propelling the growth of the worldwide LED street light industry.
The LED street lights have a lengthier life span and consume lower energy than traditional lighting systems, which is prominent to their augmented installations around the globe. Further, with the speedy advancement in technology, the improvement and incorporation of linked LED street lighting in smart cities projects, is booming the industry growth. The arrangement of connected street lighting systems through a mobile network with a Centralized Management System (CMS) enables city managers to control as well as observe lighting assets tenuously. Thus, the assistances suggested by connected LED street lighting system has prompted in its growth, further becoming a desired choice for use amongst consumers. Therefore, in the near years, it is predicted that the market of LED street lighting will increase around the globe more effectively over the inflowing years.
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Ankur Gupta, Head Marketing & Communications