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Koninklijke Philips N.V. (Netherlands) and Cree, Inc. are Leading Players in Street and Roadway Lighting Market

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Lights, lamps, and luminaires are installed across the outdoor lighting applications such as streets, roadways, tunnels, and bridges. There are two types of lighting, namely, conventional lighting and smart lighting. The primary role of street and roadway lighting is to avoid road accidents and also provide the necessary light for clear vision on the road. It improves safety of drivers, riders, and pedestrians. The companies operating in the street and roadway lighting market have implemented different strategies to maintain their position in this market and ensure long-term growth and profitability. The key strategies implemented by most of the companies in this market include new product launches, collaborations, and acquisitions. These strategies also help the companies to increase their market share, expand their geographic presence, and gain recognition in the street and roadway lighting market.

https://www.marketsandmarkets.com/Market-Reports/street-roadway-lighting-market-195370768.html

The key players in the street and roadway lighting market are Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.)., OSRAM Licht AG (Germany), Eaton Corp Plc. (Ireland), and Hubbell Incorporated (U.S.), among others.

Koninklijke Philips N.V. (Netherlands) has been ranked first in the street and roadway lighting market. It has been a leader in street and roadway lighting for a long time and has an extensive array of products that are used in residential, commercial, street, and highway and tunnel lighting. A major advantage that Philips has over other competitors in the street and roadway lighting market is its extensive product portfolio. Philips Lighting offers outdoor lighting solutions for roads (streetlights and car lights), public spaces, residential areas, and sports arenas. In 2015, Los Angeles (LA) became the first city in the world to control its street lighting through Philips CityTouch management system that uses mobile and cloud-based technologies. The LA Bureau of Street Lighting can remotely control street lighting fixtures as well as monitor energy use and status of each light. Using mobile chip technology embedded into each fixture, streetlights are able to identify themselves and network instantly.

Cree, Inc. has been ranked second in this market. The company develops and manufactures lighting-class LED products, lighting products, and semiconductors for power and radio-frequency applications. Cree, Inc. provides products for indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters, and wireless systems. Cree, Inc. has three business segments, namely, LED products, lighting products, and power and RF products. Lighting products are used across office and retail spaces, restaurants, schools and universities, hospitals, airports, and parking structures, among others. Cree, Inc. sells its products under names such as BetaLED, LEDway, Ruud Lighting Direct, E-conolight, Kramer Lighting, Beta/Kramer, and Beta Lighting.



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