Street and Roadway Lighting Market Growth and Size by 2031
The Street and Roadway Lighting Market is expected to register a CAGR of 7.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Conventional Lighting, Smart Lighting), Technology (Wired, Wireless), Light Source (LEDs, Fluorescent Lights, HID), Wattage Type (Below 50W, 50W-150W, Above 150W). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Street and Roadway Lighting Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Street and Roadway Lighting Market Segmentation
Type- Conventional Lighting
- Smart Lighting
- Wired
- Wireless
- LEDs
- Fluorescent Lights
- HID
- Below 50W
- 50W-150W
- Above 150W
Strategic Insights
Street and Roadway Lighting Market Growth Drivers- Growing Cybersecurity Threats: The escalating sophistication of cyber attacks, particularly with the rise of AI-powered malware and ransomware, has made penetration testing crucial for organizations. Recent statistics show that cybercrime costs are projected to reach $10.5 trillion annually by 2025. Companies are increasingly recognizing that traditional security measures are insufficient against evolving threats. The emergence of nation-state attacks and advanced persistent threats (APTs) has particularly highlighted the need for continuous security assessment, making penetration testing an essential component of organizational security strategies rather than a periodic compliance exercise.
- Digital Transformation Initiatives: The rapid adoption of cloud services, IoT devices, and remote work infrastructure has dramatically expanded organizations' attack surfaces. As businesses undergo digital transformation, they're introducing new technologies and systems that often create unforeseen vulnerabilities. This complexity makes it impractical for many organizations to maintain in-house penetration testing capabilities, driving them toward as-a-service models. The integration of multiple technology stacks, coupled with the need to secure hybrid work environments, has made regular penetration testing a business imperative rather than an optional security measure.
- Regulatory Compliance Requirements: The evolving regulatory landscape, including GDPR, CCPA, and industry-specific regulations like HIPAA and PCI DSS, mandates regular security assessments. Organizations face increasing pressure to demonstrate robust security controls through documented penetration testing results. The complexity of compliance requirements across different jurisdictions and industries, combined with severe penalties for non-compliance, has made professional penetration testing services essential for risk management and regulatory adherence. This driver particularly affects multinational corporations dealing with multiple regulatory frameworks.
- Automation and AI Integration: The penetration testing landscape is being revolutionized by the integration of artificial intelligence and machine learning capabilities. These technologies are enabling more comprehensive and efficient testing processes, allowing for continuous assessment rather than point-in-time evaluations. Modern penetration testing platforms are incorporating AI to identify patterns in vulnerability data, predict potential attack vectors, and provide more accurate risk assessments. This evolution is making penetration testing services more scalable and cost-effective while maintaining high accuracy levels in detecting security weaknesses.
- Shift-Left Security Testing: Organizations are increasingly adopting "shift-left" security practices, incorporating security testing earlier in the development lifecycle. This trend has led to the emergence of DevSecOps-focused penetration testing services that can integrate with CI/CD pipelines. The demand for continuous security validation throughout the development process has created a new market segment for automated, API-driven penetration testing services that can provide real-time security feedback without slowing down development cycles.
- Cloud-Native Security Testing: With the accelerating adoption of cloud services and microservices architectures, there's a growing opportunity for specialized cloud-native penetration testing services. Traditional security testing approaches often fall short in addressing the unique security challenges of cloud environments, including container security, serverless functions, and cloud configuration vulnerabilities. Service providers who can develop expertise in cloud-specific security testing methodologies and tools, particularly for multi-cloud environments, are well-positioned to capture this expanding market segment.
- 5G and Edge Computing Security: The rollout of 5G networks and edge computing infrastructure presents unique security testing opportunities. The distributed nature of edge computing, combined with the high-speed, low-latency capabilities of 5G, creates new attack surfaces and security considerations. Service providers who can develop specialized testing methodologies for edge computing environments, including IoT device networks, mobile edge computing, and 5G network security, can capitalize on this emerging market need.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Street and Roadway Lighting Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Street and Roadway Lighting Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the major trends driving the street and roadway lighting market are:
1. Shift Towards LED and Solar-Powered Lighting
2. Integration of Smart City Solutions
3. Focus on Energy Efficiency and Sustainability
The major factors driving the street and roadway lighting market are:
1. Government Initiatives and Regulations
2. Growth in Urbanization and Infrastructure Development
3. Customization and Aesthetic Appeal
The street and roadway lighting market is estimated to witness a CAGR of 7.5% from 2024 to 2031
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Street And Roadway Lighting Market - By Component
1.3.2Street And Roadway Lighting Market - By Lighting Type
1.3.3Street And Roadway Lighting Market - By Light Source
1.3.4Street And Roadway Lighting Market - By Wattage Type
1.3.5Street And Roadway Lighting Market - By Application
1.3.6Street And Roadway Lighting Market - By Region
1.3.6.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.STREET AND ROADWAY LIGHTING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.STREET AND ROADWAY LIGHTING MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.STREET AND ROADWAY LIGHTING MARKET - GLOBAL MARKET ANALYSIS
6.1.STREET AND ROADWAY LIGHTING - GLOBAL MARKET OVERVIEW
6.2.STREET AND ROADWAY LIGHTING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.STREET AND ROADWAY LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.HARDWARE
7.3.1.Overview
7.3.2.Hardware Market Forecast and Analysis
7.4.SOFTWARE
7.4.1.Overview
7.4.2.Software Market Forecast and Analysis
7.5.SERVICES
7.5.1.Overview
7.5.2.Services Market Forecast and Analysis
8.STREET AND ROADWAY LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - LIGHTING TYPE
8.1.OVERVIEW
8.2.LIGHTING TYPE MARKET FORECASTS AND ANALYSIS
8.3.CONVENTIONAL LIGHTING
8.3.1.Overview
8.3.2.Conventional Lighting Market Forecast and Analysis
8.4.SMART LIGHTING
8.4.1.Overview
8.4.2.Smart Lighting Market Forecast and Analysis
9.STREET AND ROADWAY LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - LIGHT SOURCE
9.1.OVERVIEW
9.2.LIGHT SOURCE MARKET FORECASTS AND ANALYSIS
9.3.LED
9.3.1.Overview
9.3.2.LED Market Forecast and Analysis
9.4.FLUORESCENT LIGHT
9.4.1.Overview
9.4.2.Fluorescent Light Market Forecast and Analysis
9.5.HID LAMP
9.5.1.Overview
9.5.2.HID Lamp Market Forecast and Analysis
10.STREET AND ROADWAY LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - WATTAGE TYPE
10.1.OVERVIEW
10.2.WATTAGE TYPE MARKET FORECASTS AND ANALYSIS
10.3.BELOW 50 W
10.3.1.Overview
10.3.2.Below 50 W Market Forecast and Analysis
10.4.50 - 150 W
10.4.1.Overview
10.4.2.50 - 150 W Market Forecast and Analysis
10.5.ABOVE 150 W
10.5.1.Overview
10.5.2.Above 150 W Market Forecast and Analysis
11.STREET AND ROADWAY LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
11.1.OVERVIEW
11.2.APPLICATION MARKET FORECASTS AND ANALYSIS
11.3.HIGHWAYS
11.3.1.Overview
11.3.2.Highways Market Forecast and Analysis
11.4.STREET AND ROADWAYS
11.4.1.Overview
11.4.2.Street and Roadways Market Forecast and Analysis
11.5.OTHERS
11.5.1.Overview
11.5.2.Others Market Forecast and Analysis
12.STREET AND ROADWAY LIGHTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1.NORTH AMERICA
12.1.1North America Street And Roadway Lighting Market Overview
12.1.2North America Street And Roadway Lighting Market Forecasts and Analysis
12.1.3North America Street And Roadway Lighting Market Forecasts and Analysis - By Component
12.1.4North America Street And Roadway Lighting Market Forecasts and Analysis - By Lighting Type
12.1.5North America Street And Roadway Lighting Market Forecasts and Analysis - By Light Source
12.1.6North America Street And Roadway Lighting Market Forecasts and Analysis - By Wattage Type
12.1.7North America Street And Roadway Lighting Market Forecasts and Analysis - By Application
12.1.8North America Street And Roadway Lighting Market Forecasts and Analysis - By Countries
12.1.8.1United States Street And Roadway Lighting Market
12.1.8.1.1United States Street And Roadway Lighting Market by Component
12.1.8.1.2United States Street And Roadway Lighting Market by Lighting Type
12.1.8.1.3United States Street And Roadway Lighting Market by Light Source
12.1.8.1.4United States Street And Roadway Lighting Market by Wattage Type
12.1.8.1.5United States Street And Roadway Lighting Market by Application
12.1.8.2Canada Street And Roadway Lighting Market
12.1.8.2.1Canada Street And Roadway Lighting Market by Component
12.1.8.2.2Canada Street And Roadway Lighting Market by Lighting Type
12.1.8.2.3Canada Street And Roadway Lighting Market by Light Source
12.1.8.2.4Canada Street And Roadway Lighting Market by Wattage Type
12.1.8.2.5Canada Street And Roadway Lighting Market by Application
12.1.8.3Mexico Street And Roadway Lighting Market
12.1.8.3.1Mexico Street And Roadway Lighting Market by Component
12.1.8.3.2Mexico Street And Roadway Lighting Market by Lighting Type
12.1.8.3.3Mexico Street And Roadway Lighting Market by Light Source
12.1.8.3.4Mexico Street And Roadway Lighting Market by Wattage Type
12.1.8.3.5Mexico Street And Roadway Lighting Market by Application
12.2.EUROPE
12.2.1Europe Street And Roadway Lighting Market Overview
12.2.2Europe Street And Roadway Lighting Market Forecasts and Analysis
12.2.3Europe Street And Roadway Lighting Market Forecasts and Analysis - By Component
12.2.4Europe Street And Roadway Lighting Market Forecasts and Analysis - By Lighting Type
12.2.5Europe Street And Roadway Lighting Market Forecasts and Analysis - By Light Source
12.2.6Europe Street And Roadway Lighting Market Forecasts and Analysis - By Wattage Type
12.2.7Europe Street And Roadway Lighting Market Forecasts and Analysis - By Application
12.2.8Europe Street And Roadway Lighting Market Forecasts and Analysis - By Countries
12.2.8.1Germany Street And Roadway Lighting Market
12.2.8.1.1Germany Street And Roadway Lighting Market by Component
12.2.8.1.2Germany Street And Roadway Lighting Market by Lighting Type
12.2.8.1.3Germany Street And Roadway Lighting Market by Light Source
12.2.8.1.4Germany Street And Roadway Lighting Market by Wattage Type
12.2.8.1.5Germany Street And Roadway Lighting Market by Application
12.2.8.2France Street And Roadway Lighting Market
12.2.8.2.1France Street And Roadway Lighting Market by Component
12.2.8.2.2France Street And Roadway Lighting Market by Lighting Type
12.2.8.2.3France Street And Roadway Lighting Market by Light Source
12.2.8.2.4France Street And Roadway Lighting Market by Wattage Type
12.2.8.2.5France Street And Roadway Lighting Market by Application
12.2.8.3Italy Street And Roadway Lighting Market
12.2.8.3.1Italy Street And Roadway Lighting Market by Component
12.2.8.3.2Italy Street And Roadway Lighting Market by Lighting Type
12.2.8.3.3Italy Street And Roadway Lighting Market by Light Source
12.2.8.3.4Italy Street And Roadway Lighting Market by Wattage Type
12.2.8.3.5Italy Street And Roadway Lighting Market by Application
12.2.8.4United Kingdom Street And Roadway Lighting Market
12.2.8.4.1United Kingdom Street And Roadway Lighting Market by Component
12.2.8.4.2United Kingdom Street And Roadway Lighting Market by Lighting Type
12.2.8.4.3United Kingdom Street And Roadway Lighting Market by Light Source
12.2.8.4.4United Kingdom Street And Roadway Lighting Market by Wattage Type
12.2.8.4.5United Kingdom Street And Roadway Lighting Market by Application
12.2.8.5Russia Street And Roadway Lighting Market
12.2.8.5.1Russia Street And Roadway Lighting Market by Component
12.2.8.5.2Russia Street And Roadway Lighting Market by Lighting Type
12.2.8.5.3Russia Street And Roadway Lighting Market by Light Source
12.2.8.5.4Russia Street And Roadway Lighting Market by Wattage Type
12.2.8.5.5Russia Street And Roadway Lighting Market by Application
12.2.8.6Rest of Europe Street And Roadway Lighting Market
12.2.8.6.1Rest of Europe Street And Roadway Lighting Market by Component
12.2.8.6.2Rest of Europe Street And Roadway Lighting Market by Lighting Type
12.2.8.6.3Rest of Europe Street And Roadway Lighting Market by Light Source
12.2.8.6.4Rest of Europe Street And Roadway Lighting Market by Wattage Type
12.2.8.6.5Rest of Europe Street And Roadway Lighting Market by Application
12.3.ASIA-PACIFIC
12.3.1Asia-Pacific Street And Roadway Lighting Market Overview
12.3.2Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis
12.3.3Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis - By Component
12.3.4Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis - By Lighting Type
12.3.5Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis - By Light Source
12.3.6Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis - By Wattage Type
12.3.7Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis - By Application
12.3.8Asia-Pacific Street And Roadway Lighting Market Forecasts and Analysis - By Countries
12.3.8.1Australia Street And Roadway Lighting Market
12.3.8.1.1Australia Street And Roadway Lighting Market by Component
12.3.8.1.2Australia Street And Roadway Lighting Market by Lighting Type
12.3.8.1.3Australia Street And Roadway Lighting Market by Light Source
12.3.8.1.4Australia Street And Roadway Lighting Market by Wattage Type
12.3.8.1.5Australia Street And Roadway Lighting Market by Application
12.3.8.2China Street And Roadway Lighting Market
12.3.8.2.1China Street And Roadway Lighting Market by Component
12.3.8.2.2China Street And Roadway Lighting Market by Lighting Type
12.3.8.2.3China Street And Roadway Lighting Market by Light Source
12.3.8.2.4China Street And Roadway Lighting Market by Wattage Type
12.3.8.2.5China Street And Roadway Lighting Market by Application
12.3.8.3India Street And Roadway Lighting Market
12.3.8.3.1India Street And Roadway Lighting Market by Component
12.3.8.3.2India Street And Roadway Lighting Market by Lighting Type
12.3.8.3.3India Street And Roadway Lighting Market by Light Source
12.3.8.3.4India Street And Roadway Lighting Market by Wattage Type
12.3.8.3.5India Street And Roadway Lighting Market by Application
12.3.8.4Japan Street And Roadway Lighting Market
12.3.8.4.1Japan Street And Roadway Lighting Market by Component
12.3.8.4.2Japan Street And Roadway Lighting Market by Lighting Type
12.3.8.4.3Japan Street And Roadway Lighting Market by Light Source
12.3.8.4.4Japan Street And Roadway Lighting Market by Wattage Type
12.3.8.4.5Japan Street And Roadway Lighting Market by Application
12.3.8.5South Korea Street And Roadway Lighting Market
12.3.8.5.1South Korea Street And Roadway Lighting Market by Component
12.3.8.5.2South Korea Street And Roadway Lighting Market by Lighting Type
12.3.8.5.3South Korea Street And Roadway Lighting Market by Light Source
12.3.8.5.4South Korea Street And Roadway Lighting Market by Wattage Type
12.3.8.5.5South Korea Street And Roadway Lighting Market by Application
12.3.8.6Rest of Asia-Pacific Street And Roadway Lighting Market
12.3.8.6.1Rest of Asia-Pacific Street And Roadway Lighting Market by Component
12.3.8.6.2Rest of Asia-Pacific Street And Roadway Lighting Market by Lighting Type
12.3.8.6.3Rest of Asia-Pacific Street And Roadway Lighting Market by Light Source
12.3.8.6.4Rest of Asia-Pacific Street And Roadway Lighting Market by Wattage Type
12.3.8.6.5Rest of Asia-Pacific Street And Roadway Lighting Market by Application
12.4.MIDDLE EAST AND AFRICA
12.4.1Middle East and Africa Street And Roadway Lighting Market Overview
12.4.2Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis
12.4.3Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis - By Component
12.4.4Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis - By Lighting Type
12.4.5Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis - By Light Source
12.4.6Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis - By Wattage Type
12.4.7Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis - By Application
12.4.8Middle East and Africa Street And Roadway Lighting Market Forecasts and Analysis - By Countries
12.4.8.1South Africa Street And Roadway Lighting Market
12.4.8.1.1South Africa Street And Roadway Lighting Market by Component
12.4.8.1.2South Africa Street And Roadway Lighting Market by Lighting Type
12.4.8.1.3South Africa Street And Roadway Lighting Market by Light Source
12.4.8.1.4South Africa Street And Roadway Lighting Market by Wattage Type
12.4.8.1.5South Africa Street And Roadway Lighting Market by Application
12.4.8.2Saudi Arabia Street And Roadway Lighting Market
12.4.8.2.1Saudi Arabia Street And Roadway Lighting Market by Component
12.4.8.2.2Saudi Arabia Street And Roadway Lighting Market by Lighting Type
12.4.8.2.3Saudi Arabia Street And Roadway Lighting Market by Light Source
12.4.8.2.4Saudi Arabia Street And Roadway Lighting Market by Wattage Type
12.4.8.2.5Saudi Arabia Street And Roadway Lighting Market by Application
12.4.8.3U.A.E Street And Roadway Lighting Market
12.4.8.3.1U.A.E Street And Roadway Lighting Market by Component
12.4.8.3.2U.A.E Street And Roadway Lighting Market by Lighting Type
12.4.8.3.3U.A.E Street And Roadway Lighting Market by Light Source
12.4.8.3.4U.A.E Street And Roadway Lighting Market by Wattage Type
12.4.8.3.5U.A.E Street And Roadway Lighting Market by Application
12.4.8.4Rest of Middle East and Africa Street And Roadway Lighting Market
12.4.8.4.1Rest of Middle East and Africa Street And Roadway Lighting Market by Component
12.4.8.4.2Rest of Middle East and Africa Street And Roadway Lighting Market by Lighting Type
12.4.8.4.3Rest of Middle East and Africa Street And Roadway Lighting Market by Light Source
12.4.8.4.4Rest of Middle East and Africa Street And Roadway Lighting Market by Wattage Type
12.4.8.4.5Rest of Middle East and Africa Street And Roadway Lighting Market by Application
12.5.SOUTH AND CENTRAL AMERICA
12.5.1South and Central America Street And Roadway Lighting Market Overview
12.5.2South and Central America Street And Roadway Lighting Market Forecasts and Analysis
12.5.3South and Central America Street And Roadway Lighting Market Forecasts and Analysis - By Component
12.5.4South and Central America Street And Roadway Lighting Market Forecasts and Analysis - By Lighting Type
12.5.5South and Central America Street And Roadway Lighting Market Forecasts and Analysis - By Light Source
12.5.6South and Central America Street And Roadway Lighting Market Forecasts and Analysis - By Wattage Type
12.5.7South and Central America Street And Roadway Lighting Market Forecasts and Analysis - By Application
12.5.8South and Central America Street And Roadway Lighting Market Forecasts and Analysis - By Countries
12.5.8.1Brazil Street And Roadway Lighting Market
12.5.8.1.1Brazil Street And Roadway Lighting Market by Component
12.5.8.1.2Brazil Street And Roadway Lighting Market by Lighting Type
12.5.8.1.3Brazil Street And Roadway Lighting Market by Light Source
12.5.8.1.4Brazil Street And Roadway Lighting Market by Wattage Type
12.5.8.1.5Brazil Street And Roadway Lighting Market by Application
12.5.8.2Argentina Street And Roadway Lighting Market
12.5.8.2.1Argentina Street And Roadway Lighting Market by Component
12.5.8.2.2Argentina Street And Roadway Lighting Market by Lighting Type
12.5.8.2.3Argentina Street And Roadway Lighting Market by Light Source
12.5.8.2.4Argentina Street And Roadway Lighting Market by Wattage Type
12.5.8.2.5Argentina Street And Roadway Lighting Market by Application
12.5.8.3Rest of South and Central America Street And Roadway Lighting Market
12.5.8.3.1Rest of South and Central America Street And Roadway Lighting Market by Component
12.5.8.3.2Rest of South and Central America Street And Roadway Lighting Market by Lighting Type
12.5.8.3.3Rest of South and Central America Street And Roadway Lighting Market by Light Source
12.5.8.3.4Rest of South and Central America Street And Roadway Lighting Market by Wattage Type
12.5.8.3.5Rest of South and Central America Street And Roadway Lighting Market by Application
13.INDUSTRY LANDSCAPE
13.1.MERGERS AND ACQUISITIONS
13.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3.NEW PRODUCT LAUNCHES
13.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14.STREET AND ROADWAY LIGHTING MARKET, KEY COMPANY PROFILES
14.1.ACUITY BRANDS, INC.
14.1.1.Key Facts
14.1.2.Business Description
14.1.3.Products and Services
14.1.4.Financial Overview
14.1.5.SWOT Analysis
14.1.6.Key Developments
14.2.COOPER LIGHTING LLC.
14.2.1.Key Facts
14.2.2.Business Description
14.2.3.Products and Services
14.2.4.Financial Overview
14.2.5.SWOT Analysis
14.2.6.Key Developments
14.3.CREE INC.
14.3.1.Key Facts
14.3.2.Business Description
14.3.3.Products and Services
14.3.4.Financial Overview
14.3.5.SWOT Analysis
14.3.6.Key Developments
14.4.GE CURRENT
14.4.1.Key Facts
14.4.2.Business Description
14.4.3.Products and Services
14.4.4.Financial Overview
14.4.5.SWOT Analysis
14.4.6.Key Developments
14.5.HUBBELL INCORPORATED
14.5.1.Key Facts
14.5.2.Business Description
14.5.3.Products and Services
14.5.4.Financial Overview
14.5.5.SWOT Analysis
14.5.6.Key Developments
14.6.ITRON, INC.
14.6.1.Key Facts
14.6.2.Business Description
14.6.3.Products and Services
14.6.4.Financial Overview
14.6.5.SWOT Analysis
14.6.6.Key Developments
14.7.KONINKLIJKE PHILIPS N.V.
14.7.1.Key Facts
14.7.2.Business Description
14.7.3.Products and Services
14.7.4.Financial Overview
14.7.5.SWOT Analysis
14.7.6.Key Developments
14.8.LANDIS+GYR
14.8.1.Key Facts
14.8.2.Business Description
14.8.3.Products and Services
14.8.4.Financial Overview
14.8.5.SWOT Analysis
14.8.6.Key Developments
14.9.OSRAM GMBH
14.9.1.Key Facts
14.9.2.Business Description
14.9.3.Products and Services
14.9.4.Financial Overview
14.9.5.SWOT Analysis
14.9.6.Key Developments
14.10.ZUMTOBEL GROUP AG
14.10.1.Key Facts
14.10.2.Business Description
14.10.3.Products and Services
14.10.4.Financial Overview
14.10.5.SWOT Analysis
14.10.6.Key Developments
15.APPENDIX
15.1.ABOUT THE INSIGHT PARTNERS
15.2.GLOSSARY OF TERMS
1. Acuity Brands, Inc.
2. Cooper Lighting LLC.
3. Cree Inc.
4. GE Current
5. Hubbell Incorporated
6. Itron, Inc.
7. Koninklijke Philips N.V.
8. Landis+Gyr
9. OSRAM GmbH
10. Zumtobel Group AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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