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Lighting is one of the major prospects in rapidly evolving smart technologies as it is estimated to hold nearly 40% of the city’s energy consumption. Most of the lighting systems installed are based on the traditional lighting systems including incandescent bulbs, CFLs and many more. However, increasing awareness for energy conservation and efficient lighting techniques achieving major attention of the players in the ecosystem. Also with the development of new sensor and wireless technology in the field of smart lighting is further driving the growth of the market.
The ideal smart lights consists of electronic components, light fittings, energy storage equipment’s, and network devices for communication. The demand for LEDs is growing and these LED’s are proving to be the major facilitator for the growth of global connected (smart) street lighting market.
Additionally, with the growing demand of smart cities, various utilities, and government institutions are looking for smart solutions. Such solutions will help in reducing energy costs, carbon emissions, and help in boosting overall efficiency. As the hardware costs continue to decrease, various vendors are also providing potential backbone network to many utilities and city governments in order to deploy smart city services and applications in a wide array of sectors. The connected (smart) street lighting is an integration of multiple sensors with intelligent lighting control technologies.
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Also, the technologies used for connected (smart) street lights is growing at a moderate pace. The penetration of the connected (smart) street lights is gaining momentum in the major cities of the developed economies. Additionally, the connected (smart) street lighting is considered as the backbone of smart city projects globally.
The global connected (smart) street lights is segmented on the basis of connectivity, by components, and by geography.
On basis of the connectivity the market is further segmented into wired and wireless. The wired connectivity technique includes power line communication and wireless connectivity includes various wireless technologies. The wireless connected (smart) street light segment is has major market share and is expected to grow further in the forecast period. On the basis of component, the connected (smart) street light market is segmented into hardware, software, and services. The hardware segment is further be categorized into sensors, controllers/relays, and others. On the basis of geography, the global connected (smart) street lights market is categorized into North America, Europe, Asia Pacific (APAC) and South America (SA) regions.
Within North America, United States is the biggest revenue contributor and is anticipated to drive the growth of connected (smart) street lights market, followed by Canada and rest of America. Global connected (smart) street lights market in the North America region is anticipated to witness relatively slower growth than the Asia Pacific (APAC) region during the forecast period from 2017 to 2025.
In the global connected (smart) street lights market, Asia Pacific (APAC) is anticipated to witness relatively faster adoption and hence the growth rate as compared with other regions. Connected (smart) street lights market market in Asia Pacific is expected to be driven by the increasing demand of LEDs in this region in an attempt to reduce the energy consumption and reduce maintenance and operation costs. Countries such as China and India are going to drive the overall connected (smart) street lights market
The key players profiled in the global connected (smart) street lights market include Acuity Brands Lighting, Inc., Citelum S.A., Dimonoff Inc, Echelon Corporation, EnGo PLANET, Flashnet SRL, General Electric Co., Led Roadway Lighting Ltd., Schreder Group, OSRAM Licht Group, Philips Lighting N.V., Silver Spring Networks Inc., Telensa Ltd. , Toshiba Lighting, Tvilight
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