Connected Street Lighting Market Research Report
Growth opportunities in the connected street lighting market
look promising over the next six years. This is mainly due to the
implementation of several solutions, which include Platform-as-a-Service, the
rising urban population, and increasing investments in smart cities.
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Connected
Street Lighting Market Dynamics (including market size, share, trends,
forecast, growth, forecast, and industry analysis)
Key
Drivers
The surging investment in smart cities across the world is
one of the prominent drivers contributing to the growth of the global connected
street lighting market. For instance, the Smart Dubai 2021 project focus on
transforming the city into a model smart city incorporated with daily life
services, better usage of city resources, and protection of people and
information. The European Commission, in 2019, sanctioned EUR 82 million for
the establishment of 20 smart cities that will provide enhanced security level,
digital transition, and use of urban land. Also, rapid urbanization is
indirectly promoting connected
street lighting market size.
The execution of different solutions like
Platform-as-a-Service is augmenting the market because the PaaS solutions
provide centralized and better control and real-time alerts for smart city
applications without worrying about building, designing, and maintaining the
citywide communication network. Telensa Ltd. partnered with Australia's
government to launch its PLANet intelligent street lighting solutions in
Darwin, Australia. The primary motive is to decrease energy and maintenance
costs and improve the quality of services through automatic fault reporting.
Telensa In 2019, entered into an agreement to provide 15,000 LED smart lights
in Dunedin, New Zealand. These factors together will raise the market demand.
Regional
Drivers
On the basis of regional coverage, North America is
anticipated to lead the market over the forecast period. The U.S. market is
experiencing a boost because of the rising favorable government initiatives to
strengthen the adoption of smart street lighting solutions. The city of
Chicago, in 2020, replaced 210,000 streetlights with LEDs to expand the overall
authenticity and maintenance by monitoring and lighting control technology.
Also, the government started the "Chicago Smart Lighting Program"
with an aim to substitute 270,000 existent outdated High-Pressure Sodium (HPS)
light fixtures with the LED lights and introduced modern lighting management
systems for efficient maintenance and repairs. These initiatives are expected
to fuel the market demand. Moreover, the rising number of mergers and
acquisitions between leading market players will fuel the demand for these
lighting solutions. AT&T partnered with General Electric In 2017 to insert
its Current CityIQ sensors into the streetlights of U.S. cities, which will
help to record traffic patterns, air quality, weather emergencies, and parking
on city streets.
Connected
Street Lighting Market’s leading Manufacturers:
·
LED ROADWAY LIGHTING LTD.
·
Thorn
·
Eaton
·
Signify Holding
·
General Electric
·
Dimonoff inc.
·
Echelon
·
Hubbell
·
OSRAM GmbH
·
Cree Inc.
Connected Street Lighting Market Segmentation:
Segmentation by Component:
·
Hardware
o
Lighting Fixture
o
Controllers
o
Communication Nodes and Gateways
o
Others
·
Software
·
Services
Segmentation by Application:
·
Traffic Monitoring
·
Video Surveillance
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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