Dublin, April 25, 2024 (GLOBE NEWSWIRE) -- The "The Global Smart Street Lighting Market, 2nd Edition" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Street Lighting Market analyses the latest developments on this important smart cities application worldwide. This strategic research report provides you with 80 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
The global installed base of individually controlled smart street lights amounted to 23.0 million units at the end of 2022. Growing at a CAGR of 22.7 percent, the number will reach 63.8 million in 2027. Europe is the leading adopter and today accounts for around 35 percent of the global installed base. North America is the second largest and also constitutes the fastest growing market, closely followed by the Rest of World region. Get up to date with the latest information about vendors, products and markets.
Highlights from the report:
- Insights from 20 interviews with market-leading companies.
- 360-degree overview of smart street lighting technology.
- Profiles of 41 key players in the smart street lighting market.
- Reviews of vendor market shares and competitive dynamics.
- Market forecasts by region and technology lasting until 2027.
- Detailed analysis of the latest market and industry developments.
Executive Summary:
The installed base of individually controlled street lights to reach 63.8 million in 2027
Electrified public street lighting infrastructure has been around since the late 19th century to improve vehicle and pedestrian safety as well as to provide increased comfort to all users of the street. Today, several hundred million street lights have been installed worldwide and the technology is now close to ubiquitous in all major urban areas of the developed world. The street lighting infrastructure however often constitute major cost centres in terms of energy consumption and maintenance work, and also account for a significant share of the total greenhouse gas emissions that a city generates. In addition, static lighting schemes contribute to unnecessary light pollution, which could have harmful impacts on both humans and environmental ecosystems. Along with the developments in IoT communications and energy-efficient LED technology, smart street lighting systems that enable remote monitoring, control and management of street lighting networks have emerged to address these issues and allow authorities and utilities to achieve significant cost and energy savings while at the same time improving the societal benefits provided to citizens. In recent years, smart street lighting infrastructure has moreover emerged as a promising platform for the management of a variety of additional smart city devices.
The report estimates that the global installed base of individually controlled smart street lights amounted to 23.0 million units at the end of 2022. Growing at a CAGR of 22.7 percent, the number will reach 63.8 million in 2027. Europe is the leading adopter and today accounts for around 35 percent The installed base of individually controlled street lights to reach 63.8 million in 2027 of the global installed base. North America is the second largest market and also constitutes the fastest growing market.
A variety of proprietary RF networking platforms together account for 60 percent of the individually controlled street lights while cellular and PLC communications are the second and third most common connectivity technologies respectively. As of Q3-2023, the leading smart street lighting vendor was Signify with an installed base of nearly 4.9 million lighting controls, followed by US-based Itron and the Chinese vendor Fonda Technology. Itron also constitutes the global leader in the network segment
Key Attributes
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value in 2022 | 23 Million Units |
| Forecasted Market Value by 2027 | 63.8 Million Units |
| Compound Annual Growth Rate | 22.7% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands
- C2 SmartLight
- CITiLIGHT
- CityLight
- Current Lighting
- Datek Light Control
- Dimonoff
- Flashnet (Lucy Group)
- Fonda Technology
- gridComm
- LACROIX
- LED Roadway Lighting
- Lucy Zodion (Lucy Group)
- MEAZON
- MinebeaMitsumi & Paradox Engineering
- Quantela
- Revetec
- Rongwen Energy Technology Group
- Schreder
- Sensus (Xylem)
- Signify
- Smartmation
- SSE
- ST Engineering Telematics Wireless
- TVILIGHT
- Ubicquia
- Umpi
- Urban Control (DW Windsor)
- Wellness TechGroup
- Cisco
- Citegestion (EDF)
- CityLinx
- Dhyan
- Itron
- Luminext
- TerraGo
For more information about this report visit https://www.researchandmarkets.com/r/ta291m
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