Connected Street Lighting Market Size, Growth, Trends Analysis & Industry Forecast Report, 2020-2027
Connected Street Lighting Market Size Analysis Report by Component (Hardware, Software, and Services), By Application (Traffic Monitoring, Video Surveillance, and Others) and By Region – Global Opportunities & Forecast, 2020-2027
Connected Street Lighting Market Overview
The smart street lighting solution not only illuminates the streets but also enhances visibility and safety for pedestrians and drivers, especially at night. These systems enrich the city’s identity and cultural life and offer different benefits. The smart street lighting system enables light flashing and sequencing to support traffic and crowd control during special events. Moreover, they improve safety by increasing the lighting in high-crime areas and increase lighting in incident situations.
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Major Connected Street Lighting Market Drivers
One of the key drivers that is responsible for the growth of the market size includes the rising investments in smart cities around the world. For example, the Smart Dubai 2021 project aims to change the city into a model smart city that has integrated daily life services, optimized use of city resources, and protects people and information. Moreover, in 2019, the European Commission sanctioned EUR 82 million for the development of 20 smart cities that will offer improved level of security, digital transition, and urban land use. The rising urban population has also indirectly impacted the market’s demand.
The implementation of several solutions which include Platform-as-a-Service is surging the demand for smart street lighting systems. The PaaS solutions provide centralized monitoring, real-time alerts, and better control for smart city applications without worrying about building, designing, and maintaining the citywide communication network. Telensa Ltd. partnered with Australia’s government to introduce its PLANet intelligent street lighting solutions in Darwin, Australia. The main aim is to reduce energy and maintenance costs while improving the quality of services through automatic fault reporting. In 2019, Telensa signed an agreement to provide 15,000 LED smart lights in Dunedin, New Zealand. Thus, the combination of all these factors will increase the demand for lighting solutions.
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Component – Segment Analysis
On the basis of component, hardware is projected to grow at a higher CAGR during the forecast period. This is mainly attributed to the strong demand for wireless street lights at the global level. The wireless street lights use the programmable logic controller (PLC), which is one of the most secure communication modules. Additionally, the rising number of government initiatives and strategies to implement smart street lighting solutions is further supporting the market growth. For example, in India, government initiatives which include UJALA, the smart cities mission, and the Street Lighting National Program (SLNP), have increased the demand for smart lights, lighting fixtures, controllers, and communication nodes and gateways across the country.
Application – Segment Analysis
Based on the application, the traffic monitoring is expected to grow at a faster CAGR during the forecast period. This is mainly due to the increasing use of smart street lighting solutions for controlling traffic with an aim to improve safety and reduce congestion on roads. These solutions help in better understanding the traffic and pedestrian patterns and can make adjustments for route emergency-response vehicles around congested areas.
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Regional – Segment Analysis:
On the basis of regional coverage, North America is predicted to dominate the market during the forecast period. The U.S. market is witnessing growth due to the increasing number of government initiatives to support the adoption of smart street lighting solutions. In 2020, the city of Chicago replaced 210,000 street lights with LEDs to increase the overall reliability and maintenance by monitoring and lighting control technology. The government initiated the “Chicago Smart Lighting Program” with an aim to replace 270,000 existing outdated High Pressure Sodium (HPS) light fixtures with the LED lights and build modern lighting management systems to streamline maintenance and repairs. All these initiatives will increase the demand for the market over the coming years. Moreover, the increasing number of partnerships and acquisitions between top market players will increase the demand for smart street lighting solutions. In 2017, AT&T partnered with General Electric to install its Current CityIQ sensors into the streetlights of the U.S. cities. This will help in monitoring traffic patterns, parking, air quality, and weather emergencies on city streets.
Top Market Players
Some of the leading players operating in the market include General Electric, Cree Inc., Signify Holding, OSRAM GmbH, Eaton, Hubbell, Thorn, Echelon, Dimonoff inc., and LED ROADWAY LIGHTING LTD., among others.
Key Developments:
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- In 2020, General Electric entered into an agreement with Savant Systems, Inc., for selling its lighting business to the latter. It is an important step in the transformation of General Electric into a more focused industrial company.
- In 2020, Signify Holding acquired Cooper Lighting Solutions from Eaton for an amount of USD 1.5 billion. Through this acquisition, the company focuses on bringing advancements in the connected lightings solutions.
Segments covered in the Report:
The global connected street lighting market has been segmented on the basis of component, application, and regions. Based on Component, the market is segmented into Hardware, Software, and Services. The hardware segment is further categorized into lighting fixture, controllers, communication nodes and gateways, and others. Based on Application, the market is segmented into traffic monitoring, video surveillance, and others.
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Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Component, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | General Electric, Cree Inc., Signify Holding, OSRAM GmbH, Eaton, Hubbell, Thorn, Echelon, Dimonoff inc., and LED ROADWAY LIGHTING LTD., among others; a total of 10 companies covered |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Connected Street Lighting Market by Component
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- Hardware
- Lighting Fixture
- Controllers
- Communication Nodes and Gateways
- Others
- Software
- Services
- Hardware
Global Connected Street Lighting Market by Application
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- Traffic Monitoring
- Video Surveillance
- Others
Global Connected Street Lighting Market by Region
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North America Connected Street Lighting Market (Option 1: As a part of the free 25% customization)
- North America Connected Street Lighting Market by Component
- North America Connected Street Lighting Market by Application
- US Connected Street Lighting Market All-Up
- Canada Connected Street Lighting Market All-Up
-
Europe Connected Street Lighting Market (Option 2: As a part of the free 25% customization)
- Europe Connected Street Lighting Market by Component
- Europe Connected Street Lighting Market by Application
- UK Connected Street Lighting Market All-Up
- Germany Connected Street Lighting Market All-Up
- France Connected Street Lighting Market All-Up
- Spain Connected Street Lighting Market All-Up
- Rest of Europe Connected Street Lighting Market All-Up
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Asia-Pacific Connected Street Lighting Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Connected Street Lighting Market by Component
- Asia-Pacific Connected Street Lighting Market by Application
- China Connected Street Lighting Market All-Up
- India Connected Street Lighting Market All-Up
- Japan Connected Street Lighting Market All-Up
- Rest of APAC Connected Street Lighting Market All-Up
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RoW Connected Street Lighting Market (Option 4: As a part of the free 25% customization)
- RoW Connected Street Lighting Market by Component
- RoW Connected Street Lighting Market by Application
- Brazil Connected Street Lighting Market All-Up
- South Africa Connected Street Lighting Market All-Up
- Saudi Arabia Connected Street Lighting Market All-Up
- UAE Connected Street Lighting Market All-Up
- Rest of world (remaining countries of the LAMEA region) Connected Street Lighting Market All-Up
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Major Players Operating in the Global Connected Street Lighting Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- General Electric
- Cree Inc.
- Signify Holding
- OSRAM GmbH
- Eaton
- Hubbell
- Thorn
- Echelon
- Dimonoff inc.
- LED ROADWAY LIGHTING LTD.
- Published Date: Jun - 2021
- Report Format: Excel/PPT
- Report Code: UP2075-001001
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Report is shared with unlimited user (employees) of the purchasing corporation only
Connected Street Lighting Market Size, Growth, Trends Analysis & Industry Forecast Report, 2020-2027
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