Road Lighting Market Applications, Types and Market Analysis to 2022
Global Road Lighting Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Roadway lights are fixed horizontally and thus have secure vertical aiming. Roadway lighting offers visual conditions for safe, comfortable, and fast movement of road users. Roadway lighting luminaires have specific intensity distributions that are preferred to light long narrow horizontal stripes on one side of the luminaire while diminishing the intensities on the other side.
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The factors essential during lighting arrangement for roads are effectiveness of visual guidance, luminance level, lamp spectra, luminance uniformity, and degree of glare limitation. The factors that are playing a major role in the growth of the Road Lighting Market are rising demand for LED lighting in various unique and specialty applications and growth in sales of vehicles driving the demand for automotive lights. On the other hand, dynamic reshuffling of business activities to achieve operational efficiency is a factor restraining overall market.
Road Lighting Market is segmented based on product type, application, and region. Product types such as LED Lighting, Traditional Lighting, Sodium Lighting, Mercury Lighting, Solar Lighting, and others classify Road Lighting Market. Applications into Rural, Urban, Highway, Arterials, Street, and others classify Road Lighting Market.
Road Lighting Market is segmented, geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. The key players of Road Lighting Market are Matsushita Electric, Bridgelux, Siemens, Cree, Royal Philips Electronics, GE Lighting, OsramLicht, Acuity Brands, Lutron Electronics, Digital Lumens, Legrand S.A., Encelium Technologies, and Honeywell International. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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