Connected (Smart) Street Light Market is Expected to Grow at a CAGR of 18.91% by 2031
Surging
demand for energy-efficient lighting systems to drive global connected (smart)
street light market during the forecast period 2027-2031F.
According
to TechSci Research report, “Global Connected (Smart) Street Light Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2021-2031F”, The Global Connected (Smart) Street Light Market is projected to grow from USD 7.83 Billion in 2025 to USD 22.13 Billion by 2031 at a 18.91% CAGR. 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 over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Connected (Smart) Street Light Market"
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.
Key Market Players
- Acuity Brands, Inc.
- Cree Lighting USA LLC
- Eaton Corporation plc
- OSRAM GmbH
- Itron, Inc.
- Telensa Limited
- DimOnOff S.A.
- GridComm, Inc.
- Quantela, Inc
- Schnell Energy Equipment P Ltd
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“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.
“Connected (Smart) Street Light Market By Component (Hardware, Software & Services), By Networking Technology (Narrowband, Medium Band and Broadband), By Region, Competition, Forecast & Opportunities, 2021-2031F” 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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