The analysts forecast the global street lighting market to grow at a CAGR of 4.47% during the period 2017-2021.

Global Street Lighting Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is government support for infrastructure development. A smart city integrates multiple communication and information technology solutions to improve the economic growth and the quality of life.

To achieve this, governments are investing in technologies for open data platforms, climate action plans, water management, smart street lighting, smart grids, urban mobility, and smart parking.

One driver in market is upcoming major events. The FIFA World Cup 2018 will be hosted by Russia. The Russian government has allocated $25 billion for the installation of LED flood lights and other high power outdoor lighting for nearly 30 large sports stadia.

There will be growth in demand for flood lights and other commercial lighting due to the construction of athletes' village and upgrade of infrastructures like roads, hotels and tourist facilities, and commercial complexes. Such architectural developments are expected to drive the adoption of general lighting sources, especially LED lighting systems, and boost the demand for local lighting products.

This will increase the demand for LEDs in the architectural and commercial lighting segments.

Key vendors

GE Lighting

Philips

OSRAM

Panasonic

Schneider Electric

Other prominent vendors

Acuity Brands

Advanced Lighting Technologies

Bridgelux

CITIZEN ELECTRONICS

Eaton

Cree

Dialight

Kingsun Optoelectronic

Energy Focus

VERLIGHT

Intematix

LEEDARSON LIGHTING

Lemnis Lighting

LG Innotek

Luminus Devices