Report Description

Global Connected (Smart) Street Light Market By Component (Hardware, Software & Services), By Networking Technology (Narrowband, Medium Band and Broadband), By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date:April, 2019
  • Format : PDF
  • Pages : 110
  • Industry : ICT

Global connected (smart) street light market is forecast to grow at a CAGR of over 19.47% during the forecast period, on account of infrastructure development aimed at transforming cities into smart cities. Development of wireless technologies & sensors and new street lights such as LED, which are more efficient than the regular street lights is bolstering market growth. Increasing demand for intelligent solutions for street lighting is expected to drive global connected (smart) street light market through 2024. Another factor anticipated to positively impact market growth is low cost, increasing adoption of LEDs and growing awareness among people about saving energy.


Smart or connected street lights help cities in cutting cost by reducing maintenance cost and dimming lights. Global connected (smart) street light can be segmented based on component and networking technology. Based on components, hardware segment includes light source, drivers and ballast, sensors, switches, controllers and others. As hardware segment is the integral element of the smart street light market, the segment is poised to grow at a high rate during the forecast period. 

Technological innovations are resulting in demand for connected (smart) street lighting systems. Europe is the leading region in global connected street light market with countries such as UK, Germany and France dominating the regional market, primarily on account of the early adoption of connected street lights and initiatives taken by the government agencies of the region.

Major players operating in global connected (smart) street light market include Signify Holding N.V., Citelium S.A., Huawei Technologies Co., Echelon Corporation, Current, powered by GE, Telens, Osram Licht Group, FLASHNET SA, Regent Power, LLC, Acuity Brands Lighting Inc., Led Roadway Lighting Ltd., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Signify Holding N.V. launched CityTouch ready luminaries, which can be integrated with the CityTouch platform to offer smart street lights.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast global connected (smart) street light market size.
  • To classify and forecast global connected (smart) street light market based on component, networking technology and regional distribution.
  • To identify drivers and challenges for global connected (smart) street light market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global connected (smart) street light market.
  • To conduct the pricing analysis for global connected (smart) street light market.
  • To identify and analyze the profile of leading players operating in global connected (smart) street light market.

 

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Some of the leading players in global connected (smart) street light market are Signify Holding N.V., Citelium S.A., Huawei Technologies Co, Echelon Corporation, Current, powered by GE, Telens, Osram Licht Group, FLASHNET SA, Regent Power, LLC, Acuity Brands Lighting Inc., Led Roadway Lighting Ltd., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated global connected (smart) street light market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Manufacturers of luminaries
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to connected (smart) street light

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global connected (smart) street light market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Component:
    • Hardware
      • Light Source
      • Drivers & Ballast
      • Sensors
      • Switches
      • Controllers
      • Others
    • Software
    • Services
  • Market, by Networking Technology:
    • Narrowband
    • Medium band
    • Broadband
  • Market, by Region:
    • Europe
      • United Kingdom
      • France 
      • Germany
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Indonesia
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • Turkey
      • South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global connected (smart) street light market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com 

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