Hardware Segment to Dominate Global Connected (Smart) Street Light Market till 2024
Surging
demand for energy-efficient lighting systems to drive global connected (smart)
street light market through 2024
According
to TechSci Research report, “Global Connected (Smart) Street Light Market
By Component, By Networking Technology, By Region, Competition, Forecast &
Opportunities, 2024”, global connected (smart)
street light market is projected to grow at a CAGR of over 19.47% during the
forecast period. Street light market is undergoing transformation as traditional
street lights are being replaced by smart street lights. Smart lighting helps
to reduce energy consumption and possesses longer lifetime. Now a days, LED and
other lightings are networked with communication technologies to transform them
into connected street lights.
Browse 20
market data Tables and 102 Figures spread through 110 Pages and an in-depth TOC on "Global
Connected (Smart) Street Light Market"
https://www.techsciresearch.com/report/connected-smart-street-light-market/3865.html
Global connected (smart) street light market can be segmented based on
component and networking technology. Component can be further segmented into hardware,
software and services. Hardware segment is the integral element of the smart
street light market and includes light source, drivers and ballast, sensors,
switches, controllers and others. The segment is expected to register strong
growth during the forecast period, owing to technological advancements and
increasing focus of people towards conserving energy.
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Signify Holding, Citelium S.A., Huawei Technologies Co., Ltd., Echelon
Corporation and Current, powered by GE, Telens,
Osram Licht Group, FLASHNET SA, Regent Power, LLC, Acuity Brands Lighting Inc.,
Led Roadway Lighting Ltd., etc., are the leading players operating in global connected
(smart) street light market. Companies operating in the market are using
organic strategies such as product launches and mergers and collaborations in
order to register positive growth in the market. Signify Holding N.V. has launched
CityTouch, an end-to-end street lighting management system. The company
partnered with Vodafone to create an M2M-based municipal connecting lighting
system.
“Europe
and North America are the major regions in the market due to early adoption of
technologies, favorable government policies and smart city initiatives. Smart
street lighting helps to cut costs up to one-third through intelligent on/off
switching and targeted progressive dimming, which is expected to aid global
connected (smart) street light market through 2024.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Connected
(Smart) Street Light Market By Component, By Networking Technology, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of connected
(smart) street light market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global connected
(smart) street light market.
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