© 2016 Global Market Insights, Inc. USA. All Rights Reserved Street Lighting Market Size Growth During Forecast Period.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Street Lighting Market size is predicted to see lucrative gains in the coming years impelled by growing initiatives for providing safety and visibility on roads in dark conditions across the globe. These devices provide enhanced visibility to drivers and pedestrians, which is a crucial factor for road safety, further creating a high demand for streetlights.  Increasing government investments and initiatives to develop public infrastructure facilities are promoting the street lighting market growth globally. The increasing need for sustainable and power-efficient light products has led to the development and adoption of solar lights. Additionally, the integration of LEDs into these devices provides features such as long lifetime, lower energy consumption, and reduced maintenance costs. Increasing smart city establishments across the globe are driving the market growth. Key Insights from Street Lighting Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued…  The traditional lights consume high power, have a shorter lifetime, and high replacement cost, majorly hindering the street lighting market. The installation process needs a new wiring setup, which will lead to the cost of wires, labor charges, and other expenses, further increasing overall installation cost.  Additionally, owing to their fragile nature, luminaries require good packaging and transportation facilities, adding up to the product price. The technical developments, such as LEDs, solar-powered light, and smart lights, will support in overcoming the existing challenges, further fueling market expansion. External factors, such as import duties and rates on lighting solutions, lead to the increased price of the product, which will limit the industry development.

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Market research reports: Key analytical components

Major Companies in Street Lighting Market : Philips Lighting N.V OSRAM GmbH K-LITE Panasonic Schneider Electric Toshiba Lighting Dimonoff Inc. Cree Inc. Legrand and General Electric Co

© 2016 Global Market Insights, Inc. USA. All Rights Reserved The Asia Pacific street lighting market is growing due to the high manufacturing and distribution of LED-based lighting systems and the presence of major exporters of energy-efficient light solutions. Several governments in the Asia Pacific region have implemented energy-saving policies, which include the promotion of LED bulbs over the traditional incandescent bulbs. The Smart City Mission is an initiative by the Government of India for economic growth and providing enhanced lifestyle by enabling local development with advanced technical support. Additionally, the rapid development of smart cities in the U.S. and Canada is leading to the development of intelligent infrastructures with smart lighting, fueling the market growth. Regional Insights Street Lighting Market:

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