The global street and roadway lighting market size was valued at USD 10.27 billion in 2024 and is expected to reach USD 16.31 billion by 2032, at a CAGR of 5.96% during the forecast period
This growth is driven by factors such as growing smart city initiatives, rising demand for energy-efficient solutions, supportive government regulations, advancements in IoT and sensor technologies, and rapid urbanization driving infrastructure development
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