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市场调查报告书
商品编码
1518754
2024-2032 年按应用(改造、零售和酒店、户外、办公室、建筑、住宅、工业)和地区分類的 LED 路灯市场报告LED Street Light Market Report by Application (Retrofit, Retail & Hospitality, Outdoor, Offices, Architectural, Residential, Industrial), and Region 2024-2032 |
2023年全球LED路灯市场规模达115亿IMARC Group。与LED 路灯的利用相关的能源效率的提高、LED 路灯的使用寿命的延长、安全性的提高、智慧城市一体化程度的提高、成本效益、技术创新以及各种联邦和地方政府计划是推动这一发展的主要因素。
与传统照明解决方案相比,LED 路灯具有卓越的能源效率和更长的使用寿命,正在迅速改变城市景观。这些现代灯具的使用寿命通常长达 50,000 小时或更长,显着降低了维护和更换成本。 LED 路灯提供更好的照明,提供更明亮、更均匀的光分布,提高行人和驾驶员的能见度和安全性。它们与智慧城市技术相容,包括物联网感测器和先进的控制系统,从而实现城市照明的智慧管理。此外,它们符合环境永续发展目标,因为它们不含汞等有害物质,并且排放的温室气体更少。这些众多优点使 LED 路灯成为市政当局越来越受欢迎的选择。
对能源效率和减少碳排放的日益关注是推动市场成长的关键因素之一。除此之外,智慧电网和物联网等创新也促进了 LED 路灯市场的成长。此外,对更安全、光线充足的公共空间的需求不断增长,而经济高效、持久的照明解决方案的供应有限,凸显了 LED 路灯在城市规划中的不可或缺性。在这方面,这些灯对于提高夜间能见度和安全性、满足市政对可靠和永续照明选项不断增长的需求至关重要。此外,电子元件线上零售的激增以及政府取代传统照明的激励措施正在推动市场扩张。与智慧城市框架的整合、对可编程、自适应照明解决方案的偏好以及对符合国际品质标准的产品的高度关注等其他动力正在推动 LED 路灯在全球的普及。
加强道路安全措施
对增强道路安全的关注正在积极推动 LED 路灯市场的成长。这些灯对于确保驾驶员和行人在夜间和恶劣天气条件下获得更好的能见度变得至关重要。随着道路事故事件的增加,市政当局和城市规划者越来越多地采用 LED 街道照明系统,因为它们具有卓越的亮度和定向照明能力。这种持续的转变不仅改善了整体道路安全,而且还支持政府旨在减少交通相关伤亡的措施。
智慧科技融合
智慧城市的出现鼓励采用智慧 LED 街道照明解决方案。这些灯具有自适应亮度等级、即时监控和远端管理等功能。各国政府正在实施这些技术来优化能源使用、增强公共安全并促进城市规划。这种整合非常符合将城市地区转变为智慧城市的更广泛目标,并配备先进的互联技术以提高生活品质。
永续发展目标和成本效益
公共基础设施对经济高效且永续的解决方案的需求是采用 LED 路灯的另一个关键驱动力。与传统照明选项相比,这些灯的使用寿命更长,营运成本更低,可带来长期经济效益。市政当局正在认识到这些优势,并逐步用 LED 替代品取代旧的照明系统。这不仅被证明具有成本效益,而且还与全球透过减少能源消耗和浪费向环境永续实践的转变产生共鸣。
The global LED street light market size reached in US$ 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.4 Billion by 2032, exhibiting a growth rate (CAGR) of 13.55% during 2024-2032. The enhanced energy efficiency associated with the utilization of LED street lights, extended lifespan of LED street lights, improved safety, increasing smart city integration, cost-effectiveness, technological innovations, and various federal and local government programs are some of the major factors propelling the market.
LED street lights are rapidly transforming urban landscapes, owing to their superior energy efficiency and extended lifespan compared to traditional lighting solutions. These modern luminaires often last up to 50,000 hours or more, significantly reducing maintenance and replacement costs. LED street lights offer better illumination, providing a brighter, more uniform light distribution that enhances visibility and safety for both pedestrians and drivers. They are compatible with smart city technologies, including IoT sensors and advanced control systems, allowing for intelligent management of urban lighting. Moreover, they align with environmental sustainability goals, as they are free from hazardous materials like mercury and emit fewer greenhouse gases. These numerous advantages make LED street lights an increasingly popular choice for municipalities.
The rising concern for energy efficiency and reduced carbon emissions represents one of the key factors driving the market growth. In addition to this, innovations like smart grids and IoT are contributing to the LED street light market growth. Moreover, the rising demand for safer, well-lit public spaces and the limited availability of cost-effective, long-lasting lighting solutions are highlighting the indispensability of LED street lights in urban planning. In this vein, these lights are crucial for improving night-time visibility and security, matching growing municipal needs for reliable and sustainable lighting options. Furthermore, the proliferation of online retail for electrical components and government incentives to replace traditional lighting are fueling market expansion. Additional dynamics such as the integration with smart city frameworks, the preference for programmable, adaptive lighting solutions, and an intensified focus on products compliant with international quality standards are propelling the uptake of LED street lights worldwide.
Enhanced Road Safety Measures
The focus on enhanced road safety is actively propelling the LED street light market growth. These lights are becoming essential in ensuring better visibility for both drivers and pedestrians during night-time and in adverse weather conditions. As the incidents of road accidents heighten, municipalities and city planners are increasingly adopting LED street lighting systems for their superior luminosity and directional lighting capabilities. This ongoing transition is not only improving overall road safety but is also supporting governmental initiatives aimed at reducing traffic-related casualties.
Integration of Smart Technology
The advent of smart cities is encouraging the incorporation of intelligent LED street lighting solutions. These lights come with features like adaptive brightness levels, real-time monitoring, and remote management. Governments are implementing these technologies to optimize energy use, enhance public safety, and facilitate urban planning. This integration aligns well with the broader objective of converting urban areas into smart cities, equipped with advanced, interconnected technologies for improved quality of life.
Sustainability Goals and Cost-Effectiveness
The need for cost-effective and sustainable solutions in public infrastructure is another key driver for the adoption of LED street lights. These lights have a longer lifespan and lower operational costs compared to traditional lighting options, offering long-term economic benefits. Municipalities are acknowledging these advantages and are progressively replacing older lighting systems with LED alternatives. This is not only proving cost-effective but is also resonating with the global shift towards environmentally sustainable practices by reducing energy consumption and waste.
IMARC Group provides an analysis of the key trends in each segment of the global LED street light market report along with forecasts at the global, and country levels for 2024-2032. Our report has categorized the market based on application.
Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial
Retrofit dominates the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes retrofit, retail & hospitality, outdoor, offices, architectural, residential and industrial. According to the report, retrofit represented the largest segment.
Retrofitting solutions are actively transforming existing infrastructures, offering enhanced efficiency and environmental benefits. These solutions are commonly implemented in HVAC systems, lighting, and insulation, providing avenues for considerable energy savings and improved building functionality. In the realm of lighting, retrofit kits enable easy upgrades from traditional bulbs to LEDs, offering immediate improvements in energy efficiency and lighting quality. Additionally, smart retrofit solutions are integrating seamlessly with existing home automation systems, allowing homeowners to modernize without complete overhauls. These smart systems facilitate remote monitoring and control, providing residents with enhanced convenience and operational ease. Incorporating retrofit solutions into existing structures is proving to be a cost-effective way to modernize and align with sustainable practices. This widespread application establishes retrofitting as an essential component in contemporary building management, mirroring the market research company's expertise in identifying and explaining emerging trends.
China
Europe
United States
Japan
Brazil
Russia
Other Regions
China holds the largest share in the market
A detailed breakup and analysis of the market based on the country has also been provided in the report. This includes India, China, Europe, United States, Japan, Brazil, Russia and other regions. According to the report, China accounted for the largest market share.
The rising commitment to sustainable urban development in China is serving as a major propellant for the LED street light market. Moreover, continuous breakthroughs in optoelectronic engineering are producing LED street lights with advanced features such as adaptive brightness and motion sensing, thereby elevating their market appeal. In addition, the rapid pace of urbanization and infrastructure overhaul is driving the demand for reliable, long-lasting public lighting solutions, positioning LED street lights as a preferred choice. E-commerce giants and B2B platforms are also becoming instrumental in making a diverse range of LED street lighting products accessible to municipalities and contractors, thus energizing the market growth. The government's focus on reducing electricity consumption and lowering greenhouse gas emissions is facilitating the adoption of energy-efficient LED street lights, aligning with national energy conservation goals and thereby fostering a favorable market environment. Furthermore, initiatives like smart city exhibitions, as well as digital workshops on urban planning and sustainability, are collectively shaping an optimistic growth scenario for the LED street light market in China.
In the LED street light sector, key stakeholders are adeptly employing multiple strategies to fortify their market presence and cater to dynamic consumer needs. These entities are doubling down on R&D initiatives to develop LED street lights with smart controls, enhanced lumens per watt, and better heat dissipation characteristics. To extend their reach, these firms are entering into strategic alliances with local municipalities and contractors to facilitate the widespread adoption of LED street lights in urban and rural areas. Furthermore, these stakeholders are executing comprehensive educational initiatives that inform both government bodies and the general public about the advantages of LED street lights, including their role in enhancing public safety and contributing to smart city solutions. Several of these companies are even setting up localized assembly lines, thus supporting domestic economies and generating employment opportunities. Alongside, collaborations with regulatory agencies and involvement in public-private partnerships underline their commitment to adhering to quality standards and complying with public policies. These key players are also rapidly integrating IoT technology into their LED street light offerings, tapping into the expanding ecosystem of smart urban infrastructure. By astutely amalgamating technological advances, consumer awareness, strategic collaborations, and responsible practices, these entities are continually strengthening their role in the evolution of the LED street light market.
Philips Lighting
Eaton Corporation PLC
OSRAM GmbH, Pkk Lighting Inc.
Pemco Lighting Products LLC
Hubbell Inc.
Cree Inc.
GE Lighting
XtraLight LED Lighting Solutions
Niland Company
NIPSCO Inc.
Wendel, Acuity Brands
Nichia Corporation
Havells India Limited
On August 30, 2023, Atrius, a part of Acuity Brands, won the sustainability leadership award.
On August 28, 2023, Eaton Corporation allocated over half a billion dollars toward manufacturing endeavors in North America. The investment aims to advance electrification, facilitate the shift to sustainable energy, and promote digitalization across various sectors.
On March 28, 2023, GE Lighting, now a part of Savant, received the 2023 ENERGY STAR Partner of the Year - Sustained Excellence Award.