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The street and roadway lighting market is expected to grow at a CAGR of 6.03% during the forecast period to reach USD 10.94 Billion by 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022.  

The global LED street light market has witnessed sustained growth over the past few years. The installation of connected LED street lighting in smart cities projects serves as a contributor to the broader renovation of aging city infrastructure. The implementation of the connected street lighting program through a mobile network with a Centralized Management System (CMS) enables city managers to control and monitor lighting assets remotely.

Governments of various nations are taking initiatives to replace old streetlights with LED variants. Government initiatives are also fueling the market growth, as many governments across the world are structuring regulations for encouraging LED adoption. For instance, cities in Canada and the United Kingdom have recently introduced projects for installing smart lighting systems.

Venas’ LED lights provide a consistent light by improving the overall visibility and provides added security for street and highway locations. They can also be paired with motion sensors, photocells, and timers to offer a lighting control system for efficient usage. Additionally, Venas LED street lighting fixtures can be use in various outdoor spaces such as bridges, roads, and buildings to help in improving the aesthetics and increasing energy efficiency.