Street Lighting Segmnet is Expected to Dominate the Global Industrial 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 Industrial Infrastructure Lighting Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Industrial Infrastructure
Lighting is anticipated to project robust growth in the forecast period with a
CAGR of 7.18% through 2028. The Industrial 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 Industrial 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 Industrial
Infrastructure Lighting solutions, such as solar-powered lighting systems, can
help to reduce the environmental impact of Industrial Infrastructure Lighting. The dominant segment in the
Global Industrial 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 Industrial 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 Industrial Infrastructure Lighting market include bridge
lighting, tunnel lighting, airport lighting, port lighting, railway lighting,
industrial lighting, and Industrial 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 Industrial 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 Industrial Infrastructure Lighting
solutions, such as LED lights and smart lighting controls.
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Industrial 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. Industrial 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 Industrial 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 Industrial 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 Industrial Infrastructure Lighting market include
bridge lighting, tunnel lighting, airport lighting, port lighting, railway
lighting, industrial lighting, and Industrial lighting. The Asia Pacific region
is the largest market for Industrial 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 Industrial 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
Industrial 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
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“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 Industrial 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 Industrial 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 Industrial Infrastructure
Lighting solutions.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
Industrial
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 Industrial 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 Industrial
Infrastructure Lighting Market.
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Techsci Research LLC
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