Smart Street Lighting Market Forecast 2019-2025 Smart Street lighting Systems Market

Smart Street Lighting Market Forecast 2019-2025 |
Signify N.V., Huawei Technologies Co., Citelium S.A,
Echelon Corporation
Smart Street lighting Systems are environment-friendly and diminish the emission of
greenhouse gases. Another factor anticipated to positively impact market growth is low
cost, increasing adoption of LEDs and growing awareness among people about saving
energy.
According to BlueWeave Consulting, the Global Smart Street lighting Market is
projected to exhibit significant growth during 2019-2025. Owing to the emergence of smart
cities, a rise in adoption of Internet of Things smart devices, adoption of Li-Fi networked
communication technology and growing support from the governments of several countries
across the globe. Government initiatives like subsidies and discounts for the adoption of
solar lighting help improve the living conditions of individuals. Moreover, advancements like
cloud-based lighting controls will assist in remotely controlling lights and also analyze
lighting issues. The ongoing technological advancements in the smart street lighting like
developments in the wireless and the internet of things (IoT) technologies is estimated to
create several opportunities in the smart street lighting. The streetlights can be remotely
supervised and controlled with the help of connected networks. Countries such as India and
China along with African countries are heavily investing in solar streetlights.
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Among communication technology, Wireless technology segment holds the largest
market share of the global smart street lighting market during the forecast period
Based on the communication technology, Wireless technology segment is the leading
segment of the entire smart street lighting market during the forecast period 2019-2025.
Adoption of new technological attributes like Li-Fi has emerged as a potential growth trigger
in recent years. With rising advances in developing sustainable street light infrastructure in
developed as well as developing economies, international players are inclined towards
facilitating new production houses across these regions besides investing in supply chain
management. With the development of the Internet of Things, there’s now a much better
way. A wireless cellular modem on each light pole can be designed to support low or high
data throughput, depending on the application. Though rising adoption & declining price of
LEDs, intelligent solutions need for energy-efficient lighting systems, and high penetration
of connected street light technology in smart cities is projected to provide vital opportunities
to the smart street light market in the near future.
Currently, the LED lighting technology segment accounts for the maximum street lighting
market share and will continue its market dominance over the next few years as well.
Advantages like low wattage, long life span, high efficiency, brightness, and energy-saving
abilities will drive the need for LED lighting systems, driving market growth in this segment.
Europe accounts for the lion’s share of the global smart street lighting market
during the forecast period
Geographically, the smart street market is analyzed across North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. Europe is the leading region of the overall
smart street market followed by North America. Countries like U.K, Germany, Norway, and