Connected (Smart) Street Light Market Outlook
According to a new report by Expert Market Research titled, “Global Connected (Smart) Street Light Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global connected (smart) street light market is projected to grow at a CAGR of 27% between 2024 and 2032. Aided by the rising emphasis on energy conservation, the burgeoning Internet of Things (IoT) sector, and the increasing incorporation of smart technologies in urban infrastructure, the market is expected to grow significantly by 2032.
Connected street lights, often referred to as “smart” street lights, are essentially luminaires embedded with communication technology allowing them to be controlled and monitored remotely. These lights are a pivotal part of the smart city infrastructure, ensuring efficient energy usage, reducing maintenance costs, and enhancing city safety.
According to the connected (smart) street light market analysis, as the urban regions across the globe take ambitious strides towards becoming ‘smart cities’, the demand for intelligent infrastructure has gained significant momentum. Street lighting, an integral part of any urban landscape, is thus undergoing a transformation with the integration of sensors, connectivity, and automation.
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The increasing awareness regarding energy conservation and sustainability is a primary driver for the connected (smart) street light market growth. Traditional streetlights are not just energy-intensive but also contribute to unnecessary light pollution. In contrast, connected streetlights can be dimmed or turned off when not needed, significantly reducing electricity consumption and light wastage.
Moreover, with the rise in IoT applications in urban management, connected streetlights can now be integrated into larger systems. For instance, they can be synced with traffic signals to optimise brightness based on road usage, or with weather systems to adjust for conditions such as fog or rain.
The health and safety benefits offered by smart streetlights are also enhancing the connected (smart) street light market demand. Enhanced lighting can deter criminal activities, ensuring safer streets. Additionally, the real-time monitoring of these lights ensures quicker fault detection, minimizing the time streets remain unlit and hence vulnerable.
However, the applications of smart streetlights are not restricted merely to illumination. The very infrastructure is now being viewed as potential hubs for a plethora of other services. With their strategic placements, these poles can house Wi-Fi routers, electric vehicle charging points, or even emergency call boxes and further increase the value of connected (smart) street light market size.
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Connected (Smart) Street Light Market Segmentation
The market can be divided based on connectivity, component, and region.
Market Breakup by Connectivity
- Wired
- Wireless
Market Breakup by Component
- Hardware
- Software
- Services
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global connected (smart) street light market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cisco Systems, Inc.
- Citelum
- DimOnoff Inc.
- Echelon
- EnGo Planet
- General Electric Company (NYSE: GE)
- Philips Lighting (Signify Holding)
- LED Roadway Lighting Ltd.
- LonMark International
- Others
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