Market overview
The global street lighting market is worth USD 10.1 bn in 2026 and is forecast to reach USD 18.9 bn by 2036, growing at a 6.5% CAGR. China is the largest country market and LED luminaires is the largest by component segment.
| Scope | Luminaires, lamps, poles, drivers and control systems for public street, road and area lighting, including LED street lights and smart lighting controls. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 9.5 bn |
| Value 2026 | USD 10.1 bn |
| Value 2036 | USD 18.9 bn |
| CAGR 2026-2036 | 6.5% |
| Volume 2026 | 47.5 million units |
| Volume 2036 | 84.8 million units |
| Average price 2026 | USD 212 per unit |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Street Lighting market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 10.1 bn |
| 2027 | USD 10.7 bn |
| 2028 | USD 11.4 bn |
| 2029 | USD 12.2 bn |
| 2030 | USD 13.0 bn |
| 2031 | USD 13.8 bn |
| 2032 | USD 14.7 bn |
| 2033 | USD 15.6 bn |
| 2034 | USD 16.7 bn |
| 2035 | USD 17.7 bn |
| 2036 | USD 18.9 bn |
Street Lighting market segmentation
By component
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| LED luminaires | 72.0% | 71.3% | USD 7.3 bn | 6.4% |
| Conventional luminaires and lamps | 8.0% | 3.0% | USD 806 mn | -3.5% |
| Poles and brackets | 10.0% | 7.1% | USD 1.0 bn | 2.9% |
| Controls and software | 10.0% | 18.7% | USD 1.0 bn | 13.3% |
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Roads and highways | 52.0% | 49.9% | USD 5.2 bn | 6.1% |
| Residential streets and public spaces | 30.0% | 30.2% | USD 3.0 bn | 6.6% |
| Tunnels, bridges and industrial | 18.0% | 19.9% | USD 1.8 bn | 7.6% |
By connectivity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Standard LED | 64.0% | 52.5% | USD 6.4 bn | 4.4% |
| Smart and connected | 26.0% | 44.1% | USD 2.6 bn | 12.3% |
| Non-LED conventional | 10.0% | 3.4% | USD 1.0 bn | -4.5% |
By financing model
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Municipal capital budgets | 54.0% | 45.0% | USD 5.4 bn | 4.6% |
| Energy service company contracts | 30.0% | 34.0% | USD 3.0 bn | 7.8% |
| Public-private partnerships | 16.0% | 21.0% | USD 1.6 bn | 9.4% |
By project type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| New installations | 34.0% | 30.0% | USD 3.4 bn | 5.2% |
| LED retrofits | 38.0% | 38.0% | USD 3.8 bn | 6.5% |
| Maintenance and replacement | 28.0% | 32.0% | USD 2.8 bn | 7.9% |
Top 25 countries for street lighting by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 72.0% of 2026 revenue and the 25 countries below together hold 92.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 2.8 bn | 28.0% | USD 5.5 bn | 6.9% |
| 2 | United States | USD 1.5 bn | 15.0% | USD 2.6 bn | 5.4% |
| 3 | India | USD 806 mn | 8.0% | USD 2.0 bn | 9.4% |
| 4 | Germany | USD 403 mn | 4.0% | USD 643 mn | 4.8% |
| 5 | United Kingdom | USD 352 mn | 3.5% | USD 605 mn | 5.5% |
| 6 | France | USD 352 mn | 3.5% | USD 567 mn | 4.9% |
| 7 | Brazil | USD 302 mn | 3.0% | USD 567 mn | 6.5% |
| 8 | Japan | USD 302 mn | 3.0% | USD 435 mn | 3.7% |
| 9 | Mexico | USD 201 mn | 2.0% | USD 378 mn | 6.5% |
| 10 | Saudi Arabia | USD 201 mn | 2.0% | USD 416 mn | 7.5% |
| 11 | Italy | USD 193 mn | 1.9% | USD 346 mn | 6.0% |
| 12 | Spain | USD 193 mn | 1.9% | USD 346 mn | 6.0% |
| 13 | South Korea | USD 193 mn | 1.9% | USD 346 mn | 6.0% |
| 14 | Russia | USD 189 mn | 1.9% | USD 340 mn | 6.0% |
| 15 | Turkey | USD 167 mn | 1.7% | USD 329 mn | 7.0% |
| 16 | Indonesia | USD 151 mn | 1.5% | USD 299 mn | 7.0% |
| 17 | Australia | USD 139 mn | 1.4% | USD 250 mn | 6.0% |
| 18 | Canada | USD 129 mn | 1.3% | USD 231 mn | 6.0% |
| 19 | South Africa | USD 121 mn | 1.2% | USD 217 mn | 6.0% |
| 20 | Egypt | USD 114 mn | 1.1% | USD 225 mn | 7.0% |
| 21 | Poland | USD 109 mn | 1.1% | USD 195 mn | 6.0% |
| 22 | Netherlands | USD 104 mn | 1.0% | USD 185 mn | 6.0% |
| 23 | Thailand | USD 99 mn | 1.0% | USD 195 mn | 7.0% |
| 24 | Vietnam | USD 95 mn | 0.9% | USD 204 mn | 8.0% |
| 25 | Nigeria | USD 92 mn | 0.9% | USD 181 mn | 7.1% |
| Rest of world | USD 732 mn | 7.3% | USD 1.4 bn | 6.4% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Signify
- Acuity Brands
- Hubbell
- Schréder
- Current Lighting Solutions
Group 2: Regional and specialist players
- Zumtobel Group
- Eaton
- Dialight
- Ledvance
- Opple Lighting
- Fagerhult Group
- Thorn Lighting
- AEC Illuminazione
- Havells India
- Wipro Lighting
Group 3: Emerging and niche players
- Syska LED
- Lumca
- Telensa
- Ubicquia
- Sunna Design
- LED Roadway Lighting
- Carmanah Technologies
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the street lighting market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.5% is calculated from the resulting values.
The market is divided by component, by application, by connectivity, by financing model, by project type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the street lighting market?
The global street lighting market is estimated at USD 9.5 bn in 2025 and USD 10.1 bn in 2026.
How fast will the street lighting market grow?
It is forecast to reach USD 18.9 bn by 2036, a compound annual growth rate of 6.5% from 2026, an increase of USD 8.8 bn.
Which country is the largest market for street lighting?
China is the largest market by revenue at USD 2.8 bn in 2026, 28.0% of the global total. The three largest countries together hold 51.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 9.4% a year from 2026 to 2036.
Which street lighting segment is largest?
In the by component split, LED luminaires is the largest segment with 72.0% of 2026 revenue.
Who are the leading street lighting companies?
Global leaders include Signify, Acuity Brands, Hubbell, Schréder.
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