Market Overview:
The global smart street lighting market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of smart street lighting among end users. The global smart street lighting market is segmented on the basis of type, application, and region. On the basis of type, it is divided into wired street lighting and wireless streetlighting.
Product Definition:
Smart street lighting is a type of outdoor lighting that uses sensors and internet connectivity to adjust its brightness and color temperature according to the surrounding environment. This can help save energy by reducing light pollution and glare, while also improving safety and security. Smart street lights can also be used for things like monitoring traffic flow, detecting gunshots or other emergencies, and providing information about weather conditions.
Wired Street Lighting:
Wired street lighting is a traditional type of street lighting system. It uses copper wires that are strung overhead in a linear pattern to provide light. The light is provided by lamps that are powered by electric batteries or can be directly connected to the power source. These systems have been used for many years and were considered as one of the most efficient forms of outdoor lighting until recently when solar-powered lights came into being.
Wireless Street Lighting:
Wireless street lighting is a new technology that involves the use of light bulbs, which are connected to an electrical network and can be controlled or monitored from a central location. The wireless system enables energy-efficient lighting with remote control access from mobile phones or tablets. It also helps in monitoring the activity around the clock and identifying areas that require more lights.
The global smart street lighting market size was valued at USD 6,47,400 in 2015.
Application Insights:
The municipal application segment accounted for the largest share of over 70% in 2017. The growth is attributed to the growing adoption of smart city initiatives across various countries, such as China, Japan and India. These initiatives focus on improving public safety by deploying intelligent infrastructure for lighting applications. Various government agencies have also been focusing on developing innovative technologies to improve lighting in urban areas through IoT-based solutions and smart streetlights. For instance, Singapore¢â‚¬â„¢s Land Transport Authority (LTA) has been working with Panasonic Corporation to develop a ¢â‚¬Å“Smart Nation Platform¢â‚¬ that will enable connectivity between different public transport systems, traffic lights and road signs using IoT technology. Such developments are expected to fuel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government investments in infrastructure development, rising disposable income of consumers, and rapid urbanization across emerging economies such as China and India. Moreover, growing demand for smart lighting solutions from residential areas due to technological advancements is anticipated to drive regional growth over the forecast period.
The North America region accounted for a significant share owing to early adoption of technologies by local governments coupled with high spending capacity of citizens towards street lighting modernization projects undertaken by municipal corporations/cities. Furthermore, presence of key players engaged in providing smart solutions through their own distribution channels will augment market growth during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of smart street lighting
- Growing number of government initiatives and funding programs for smart street lighting projects
- Proliferation of Internet of Things (IoT) and big data analytics technologies
- Rapid development of 5G networks
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Street Lighting Market Research Report
By Type
Wired Street Lighting, Wireless Street Lighting
By Application
Municipal, Industrial Park, Residential Areas
By Companies
Hubbell Lighting, GE Lighting, OSRAM Licht, Royal Philips, Acuity Brands Lighting, Eaton, Schneider Electric, Honeywell International, Lutron Electronics, CREE, Hubbell Lighting
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Smart Street Lighting Market Report Segments:
The global Smart Street Lighting market is segmented on the basis of:
Types
Wired Street Lighting, Wireless Street Lighting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Municipal, Industrial Park, Residential Areas
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hubbell Lighting
- GE Lighting
- OSRAM Licht
- Royal Philips
- Acuity Brands Lighting
- Eaton
- Schneider Electric
- Honeywell International
- Lutron Electronics
- CREE
- Hubbell Lighting
Highlights of The Smart Street Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wired Street Lighting
- Wireless Street Lighting
- By Application:
- Municipal
- Industrial Park
- Residential Areas
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Street Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Street Lighting is a type of street lighting that uses sensors to detect the presence or absence of pedestrians, cars, and other vehicles. When activated, the lights will turn on or off depending on the situation. This technology can help reduce traffic congestion and make streets safer for everyone who uses them.
Some of the key players operating in the smart street lighting market are Hubbell Lighting, GE Lighting, OSRAM Licht, Royal Philips, Acuity Brands Lighting, Eaton, Schneider Electric, Honeywell International, Lutron Electronics, CREE, Hubbell Lighting.
The smart street lighting market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Street Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Street Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Street Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Street Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Street Lighting Market Size & Forecast, 2020-2028
4.5.1 Smart Street Lighting Market Size and Y-o-Y Growth
4.5.2 Smart Street Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wired Street Lighting
5.2.2 Wireless Street Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Municipal
6.2.2 Industrial Park
6.2.3 Residential Areas
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Street Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Street Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wired Street Lighting
9.6.2 Wireless Street Lighting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Municipal
9.10.2 Industrial Park
9.10.3 Residential Areas
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wired Street Lighting
10.6.2 Wireless Street Lighting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Municipal
10.10.2 Industrial Park
10.10.3 Residential Areas
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wired Street Lighting
11.6.2 Wireless Street Lighting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Municipal
11.10.2 Industrial Park
11.10.3 Residential Areas
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wired Street Lighting
12.6.2 Wireless Street Lighting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Municipal
12.10.2 Industrial Park
12.10.3 Residential Areas
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wired Street Lighting
13.6.2 Wireless Street Lighting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Municipal
13.10.2 Industrial Park
13.10.3 Residential Areas
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Street Lighting Market: Competitive Dashboard
14.2 Global Smart Street Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hubbell Lighting
14.3.2 GE Lighting
14.3.3 OSRAM Licht
14.3.4 Royal Philips
14.3.5 Acuity Brands Lighting
14.3.6 Eaton
14.3.7 Schneider Electric
14.3.8 Honeywell International
14.3.9 Lutron Electronics
14.3.10 CREE
14.3.11 Hubbell Lighting
