Market Analysis of LED Street Lighting: 2025-2033

The global LED street light market is experiencing significant growth, projected to expand from USD 13 billion in 2024 to USD 40.9 billion by 2033, with a compound annual growth rate (CAGR) of 12.87%. This surge is driven by factors such as energy efficiency, long lifespan, and integration with smart city technologies. Government incentives and rising demand for sustainable urban infrastructure further propel the market, with retrofit solutions leading the way. China dominates the market due to its commitment to sustainable urban development. Key industry players, including Philips Lighting and Eaton, are focusing on innovation and strategic collaborations to enhance their offerings and expand globally.

Market Analysis of LED Street Lighting: 2025-2033

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