Street Lighting Segmnet is Expected to Dominate the Global Commercial Infrastructure Lighting Market
Rapid infrastructure development, and ongoing and
upcoming smart city projects in developing countries are expected to drive
market revenue growth.
According to TechSci
Research report, “Global Commercial Infrastructure
Lighting Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”. The
Global Commercial Infrastructure
Lighting is anticipated to project robust growth in the forecast period with a
CAGR of 12.19% through 2028. The Commercial
Infrastructure Lighting market is expected to continue to grow in the
coming years, driven by the factors mentioned above. Additionally, the growing
demand for smart lighting solutions and sustainable Commercial Infrastructure Lighting solutions is expected
to boost the growth of the market. Smart lighting solutions can help to reduce
energy consumption, improve efficiency, and enhance safety. Sustainable Commercial Infrastructure Lighting solutions, such as
solar-powered lighting systems, can help to reduce the environmental impact of Commercial Infrastructure Lighting. The dominant segment in the
Global Commercial Infrastructure
Lighting Market in 2022 was the roadway lighting segment. This segment
accounted for over 50% of the global market share in 2022. This is due to the
large number of roads and highways that need to be lit for safety and security
purposes. Roadway lighting is used to illuminate roads, highways, and other
public spaces. It is essential for ensuring the safety of drivers, pedestrians,
and cyclists at night. Roadway lighting also helps to reduce crime and improve
the quality of life in communities. The roadway lighting segment is expected to
continue to dominate the global Commercial
Infrastructure Lighting market in the coming years. This is due to the
growing demand for infrastructure development, the increasing urbanization of
the world, and the rising safety concerns. Other significant segments in the
global Commercial Infrastructure
Lighting market include bridge lighting, tunnel lighting, airport lighting,
port lighting, railway lighting, industrial lighting, and commercial lighting. The
world is becoming increasingly urbanized, and this is leading to a growing
demand for infrastructure development, including roads, bridges, tunnels,
airports, ports, and railways. This is driving the demand for Commercial Infrastructure Lighting solutions. Governments
and businesses around the world are increasingly focused on energy efficiency
and sustainability. This is due to a number of factors, such as rising energy
costs, concerns about climate change, and government incentives. The focus on
energy efficiency and sustainability is driving the demand for energy-efficient
and sustainable Commercial Infrastructure
Lighting solutions, such as LED lights and smart lighting controls.
Browse over xx market data
Figures spread through 188 Pages and an in-depth TOC on " Global
Commercial Infrastructure Lighting Market"
Governments and businesses
are increasingly focused on safety and security. This is due to a number of
factors, such as the increasing threat of terrorism and crime. Commercial Infrastructure Lighting can help to improve
safety and security by increasing visibility and deterring crime. Lighting
technology is constantly advancing, and this is leading to the development of
more efficient, reliable, and durable Commercial Infrastructure Lighting solutions. For
example, LED lights are now more efficient and affordable than ever before. The
roadway lighting segment is the largest segment in the Commercial Infrastructure Lighting market, accounting
for over 50% of the market share in 2022. This is due to the large number of
roads and highways that need to be lit for safety and security purposes. Other
significant segments in the Commercial Infrastructure
Lighting market include bridge lighting, tunnel lighting, airport lighting,
port lighting, railway lighting, industrial lighting, and commercial lighting. The
Asia Pacific region is the largest market for Commercial Infrastructure Lighting, accounting for over
40% of the global market share in 2022. This is due to the rapid urbanization
and infrastructure development in the region. North America and Europe are also
major markets for Commercial Infrastructure
Lighting. However, the growth in these markets is expected to be slower than in
the Asia Pacific region.
Key market players in the Global
Commercial Infrastructure Lighting Market
are following:-
- Cree Inc
- Hubbell Lighting
- Zumtobel Group AG
- Philips Lighting
- Acuity Brands Inc.
- Dialight plc
- Eaton Corporation
- Osram GmbH
- GE Lighting
- SAMSUNG
Download Free Sample Report
Customers can also request for 10% free customization on this
report.
“LED lighting is becoming
increasingly popular in infrastructure applications due to its energy
efficiency, long lifespan, and low maintenance requirements. Smart lighting
solutions are becoming increasingly popular in infrastructure applications due
to their ability to improve efficiency, reduce costs, and enhance safety. For
example, smart lighting solutions can be used to dim or turn off lights when
they are not needed, which can save energy and reduce costs. Governments and
businesses are increasingly looking for sustainable Commercial Infrastructure Lighting solutions that can
reduce their environmental impact. For example, solar-powered lighting systems
can help to reduce the reliance on fossil fuels.
The global Commercial Infrastructure Lighting market is a growing
and dynamic market with a bright future. The factors driving the growth of the
market include the increasing urbanization and infrastructure development, the
growing demand for energy-efficient and sustainable lighting solutions, the
rising safety and security concerns, and the technological advancements in
lighting technology. The key trends in the market include the growing adoption
of LED lighting, the increasing use of smart lighting solutions, and the
growing demand for sustainable Commercial
Infrastructure Lighting solutions.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
Commercial Infrastructure Lighting Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology
(LED, Fluorescent, Incandescent), By Product (Recessed Lighting, Street
Lighting, Spot Lighting, Flood Lighting), By Region, Competition 2018-2028 has evaluated the future
growth potential of Global Commercial Infrastructure
Lighting Market and provides statistics and information on market structure,
size, share, and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Commercial Infrastructure Lighting Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com