MarketsandMarkets Presents

The streets and roads segment is likely to hold a larger market share between 2022 and 2027 in the overall outdoor LED lighting market

The market for streets and roads segment is expected to hold a larger market share in the forecast period due to the increasing installation of energy-efficient lighting systems in outdoor projects, including street and road lighting on roads, highways, etc. Roadways or highway projects are mostly government funded; hence, the emphasis is on saving energy and costs. As several types of roads, such as streets, main roads, and highways, need different control strategies, many projects need multiple solutions to take full advantage of energy savings.