Europe is the leading recipient and today accounts for about 35 percent

Global Smart Street Lighting Market

Dublin, April 25, 2024 (GLOBE NEWSWIRE) — The Global Smart Street Lighting Market 2nd Edition report has been added to ResearchAndMarkets.com supply.

Global Smart Street Lighting Market analyzes the latest developments of this important application for smart cities globally. This strategic research report provides you with 80 pages of unique business information, 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 stood at 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 still the leading adopter today accounting for about 35 percent of the global installed base. North America is the second largest and also represents the fastest growing market followed closely by the rest of the world region. Stay up to date with the latest information on suppliers, products and markets.

Highlights from the report:

• Insights from 20 interviews with market leading companies.

• A 360-degree overview of smart street lighting technology.

• Profiles of 41 key players in the smart street lighting market.

• Overviews of vendor market shares and competitive dynamics.

• Market Forecasts by Region and Technology to 2027

• Detailed analysis of the latest market and industry developments.

Summary:

The installed base of individually controlled street lights will reach 63.8 million in 2027

The infrastructure for electrified public street lighting has existed since the late 19th century to improve vehicular and pedestrian safety, as well as to provide increased comfort to all street users. Today, several hundred million street lights have been installed worldwide, and the technology is now almost ubiquitous in all major urban areas of the developed world. However, street lighting infrastructure is often a major cost center in terms of energy consumption and maintenance work and also accounts for a significant share of the total greenhouse gas emissions generated by the city. In addition, static lighting schemes contribute to unnecessary light pollution, which can have harmful effects on both people and environmental ecosystems. Along with the development of 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 enable authorities and utilities to achieve significant cost and energy savings while at the same time improving the social benefits provided to citizens. In addition, in recent years, smart street lighting infrastructure has emerged as a promising platform for controlling various additional smart city devices.

The story continues

The report estimates that the global installed base of individually controlled smart street lights will reach 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 implementer and today accounts for about 35 percent The installed base of individually controlled street lights will reach 63.8 million in 2027 of the global installed base. North America is the second largest market and also represents the fastest growing market.

A variety of proprietary RF networking platforms together account for 60 percent of 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 Chinese vendor Fonda Technology. Itron also represents a global leader in the networking segment

Key attributes

A selection of companies mentioned in this report include, but are not limited to:

• Acuity Brands

• C2 SmartLight

• CITYLIGHT

• CityLight

• Current lighting

• Datek Light Control

• Dimonoff

• Flashnet (Lucy Group)

• Fund Technology

• gridComm

• THE CROSS

• LED roadway lighting

• Lucy Zodion (Lucy Group)

• MEASON

• MinebeaMitsumi & Paradox Engineering

• Quantella

• Revetec

• Rongwen Energy Technology Group

• Shredder

• Sensation (xylem)

• It means

• Smartmation

• SSE

• ST Engineering Telematics Wireless

• TWILIGHT

• Killing

• Oompi

• City Control (DW Windsor)

• Wellness TechGroup

• Cisco

• Citegestion (EDF)

• CityLinx

• Meditation

• Itron

• Luminext

• TerraGo

For more information on this report, visit https://www.researchandmarkets.com/r/ta291m

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