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市場調查報告書
商品編碼
1518754
2024-2032 年按應用(改造、零售和酒店、戶外、辦公室、建築、住宅、工業)和地區分類的 LED 路燈市場報告LED Street Light Market Report by Application (Retrofit, Retail & Hospitality, Outdoor, Offices, Architectural, Residential, Industrial), and Region 2024-2032 |
2023年全球LED路燈市場規模達115億IMARC Group。與LED 路燈的利用相關的能源效率的提高、LED 路燈的使用壽命的延長、安全性的提高、智慧城市一體化程度的提高、成本效益、技術創新以及各種聯邦和地方政府計劃是推動這一發展的主要因素。
與傳統照明解決方案相比,LED 路燈具有卓越的能源效率和更長的使用壽命,正在迅速改變城市景觀。這些現代燈具的使用壽命通常長達 50,000 小時或更長,顯著降低了維護和更換成本。 LED 路燈提供更好的照明,提供更明亮、更均勻的光分佈,提高行人和駕駛員的能見度和安全性。它們與智慧城市技術相容,包括物聯網感測器和先進的控制系統,從而實現城市照明的智慧管理。此外,它們符合環境永續發展目標,因為它們不含汞等有害物質,並且排放的溫室氣體更少。這些眾多優點使 LED 路燈成為市政當局越來越受歡迎的選擇。
對能源效率和減少碳排放的日益關注是推動市場成長的關鍵因素之一。除此之外,智慧電網和物聯網等創新也促進了 LED 路燈市場的成長。此外,對更安全、光線充足的公共空間的需求不斷成長,而經濟高效、持久的照明解決方案的供應有限,凸顯了 LED 路燈在城市規劃中的不可或缺性。在這方面,這些燈對於提高夜間能見度和安全性、滿足市政對可靠和永續照明選項不斷成長的需求至關重要。此外,電子元件線上零售的激增以及政府取代傳統照明的激勵措施正在推動市場擴張。與智慧城市框架的整合、對可編程、自適應照明解決方案的偏好以及對符合國際品質標準的產品的高度關注等其他動力正在推動 LED 路燈在全球的普及。
加強道路安全措施
對增強道路安全的關注正在積極推動 LED 路燈市場的成長。這些燈對於確保駕駛員和行人在夜間和惡劣天氣條件下獲得更好的能見度變得至關重要。隨著道路事故事件的增加,市政當局和城市規劃者擴大採用 LED 街道照明系統,因為它們具有卓越的亮度和定向照明能力。這種持續的轉變不僅改善了整體道路安全,而且還支持政府旨在減少交通相關傷亡的措施。
智慧科技融合
智慧城市的出現鼓勵採用智慧 LED 街道照明解決方案。這些燈具有自適應亮度等級、即時監控和遠端管理等功能。各國政府正在實施這些技術來最佳化能源使用、增強公共安全並促進城市規劃。這種整合非常符合將城市地區轉變為智慧城市的更廣泛目標,並配備先進的互聯技術以提高生活品質。
永續發展目標和成本效益
公共基礎設施對經濟高效且永續的解決方案的需求是採用 LED 路燈的另一個關鍵驅動力。與傳統照明選項相比,這些燈的使用壽命更長,營運成本更低,可帶來長期經濟效益。市政當局正在認知到這些優勢,並逐步用 LED 替代品取代舊的照明系統。這不僅被證明具有成本效益,而且還與全球透過減少能源消耗和浪費向環境永續實踐的轉變產生共鳴。
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.