Smart street lighting systems Market (2022 - 2032)
Smart street lighting systems Market Trends, Growth Analysis Report By Connectivity (wired, wireless), By End User (Traditional & Other Renewable Energy, Solar) - Regional Forecast 2018 to 2028
Core Findings
FREE CustomizationGlobal Smart street lighting systems Market: Overview
With the constant adoption of new technologically advanced products across different areas of operation, the adoption of smart street lighting system is also increasing rapidly as it is a connected lighting Considering today’s initiatives by government and other private organizations for establishing smart city projects, the demand for smart street lighting system is expected to grow significantly over the coming years.
The manufacturers of smart street lighting system are focusing on delivering lighting which will help in solving the problems while constructing transportation infrastructure so that the traffic management is performed smoothly. Also, smart street lights are increasingly demanded as the cities can save on costs for lighting.
Energy efficient lighting systems are the main feature in the smart street lighting system. Smart street lighting systems are made up of components including (light emitting diode) LED lamps, sensors, and control units. These components are equipped in each of the lamp poles and also to the designated cluster of lamp poles.
Using this component in a connected manner, the centralized communication is carried out for controlling the smart street lighting systems. In addition to this, the popularity of the smart street lighting systems is expected to grow significantly over the forecast period due to increase in adoption of environmental friendly products as these lights reduce the greenhouse gas emission.
Global Smart street lighting systems Market: Drivers and Restraints
The primary factor responsible for the growth of smart street lighting system is increasing the adoption of these systems across developing countries such as India, China, and others for the projects such as the smart city. The other feature of smart street lighting systems such as real-time analysis of the lightning is also responsible for fuelling the demand for smart street lighting systems.
Also, using this collected data, the detection and maintenance of lighting failure problems are solved quickly which ultimately results in saving time. The smart street lighting systems market is also expected to be driven by the fact that using these lights the total operational cost is reduced significantly as the manpower required for maintenance and check-ups of lighting is saved significantly.
In addition to this, the smart street lighting systems are handled using the centralized management system and also the parameters including light, temperature, voltage, current, etc. are continuously monitored. On the other hand, high price and lack of technical expertise required for maintenance and deployment of smart street lighting system are some of the major challenges for the growth of the market.
Global Smart street lighting systems Market: Industry Key Players
Examples of some of the key players in the global smart street lighting systems market include
- Koninklijke Philips N.V.
- Hubbell Lighting
- Inc.
- General Electric
- OSRAM
- Acuity Brands Lighting
and others. Smart street lighting systems manufacturers are continuously focusing on innovations in their products. This strategy is followed by key vendors for sustaining themselves in the increasing global competition.
Global Smart street lighting systems Market: Trend
The mobile applications for the smart street lighting system is one of the major trend observed which is significantly fuelling the demand for the smart street lighting system. In addition to this, dominant players in the smart street lighting system are performing constant innovations to deliver differentiating products to the customers.
For example, in March 2018, OSRAM which is one of the leading smart street lighting system providers launched ‘Tuner4TRONIC’ a mobile application for the smart street lighting system. This application is used for setup and maintenance of the smart street lighting. Through this application, the company is focusing on delivering more advanced smart street lighting systems with easy operational ways, by offering cloud deployment.
Global Smart street lighting systems Market: Region Wise Outlook
North America holds a significant market share due to its rapid adoption of smart street lighting system as the U.S. is the largest adopter of the smart solutions. European countries are adopting smart street lighting system and the market for it is expected to grow at significantly during the forecast period due to increasing adoption of wireless technologies and rapid adoption of efficient lighting solutions to reduce the operational time while maintenance.
APEJ region is expected to grow at a significant CAGR during the forecast period due to the increasing government initiatives such as smart city projects fuelling the demand for smart street lighting system in a huge volume. On the other hand, considering the demand for Smart Street lighting system, the MEA region is expected to grow at a moderate CAGR due to less adoption rate in developing countries from this region.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical/Actual Market Size, 2013 to 2017
- Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain of the Market
- Drivers and Restraints
Regional analysis Includes:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Peru
- Rest of Latin America
- Europe
- EU – 4 (Germany, France, Italy, Spain)
- U.K.
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
- Rest of Europe
- CIS & Russia
- Japan
- APEJ
- Greater China
- India
- Korea
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- Turkey
- Iran
- Israel
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market
Global Smart street lighting systems Market: Segmentation
The global Smart street lighting system market is segmented on the basis of the end user, connectivity and region.
-
By Connectivity :
- Wired
- Wireless
-
By End User :
- Traditional & Other Renewable Energy
- Solar
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- East Asia
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Connectivity
- 6.2. End User
- 7. Global Market Analysis and Forecast, By Connectivity
- 7.1. Wired
- 7.2. Wireless
- 8. Global Market Analysis and Forecast, By End User
- 8.1. Traditional & Other Renewable Energy
- 8.2. Solar
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Connectivity and End User for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Koninklijke Philips N.V.
- 19.2. Hubbell Lighting
- 19.3. Inc.
- 19.4. General Electric
- 19.5. OSRAM
- 19.6. Acuity Brands Lighting
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Connectivity
Table 03: Global Market US$ Mn Forecast by End User
Table 04: North America Market US$ Mn Forecast by Country
Table 05: North America Market US$ Mn Forecast by Connectivity
Table 06: North America Market US$ Mn Forecast by End User
Table 07: Latin America Market US$ Mn Forecast by Country
Table 08: Latin America Market US$ Mn Forecast by Connectivity
Table 09: Latin America Market US$ Mn Forecast by End User
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Connectivity
Table 12: Western Europe Market US$ Mn Forecast by End User
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Connectivity
Table 15: Eastern Europe Market US$ Mn Forecast by End User
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Connectivity
Table 18: Asia Pacific Market US$ Mn Forecast by End User
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Connectivity
Table 21: East Asia Market US$ Mn Forecast by End User
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Connectivity
Table 24: MEA Market US$ Mn Forecast by End User
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Connectivity
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
- FAQs -
How Much is the Smart street lighting systems Market Currently Worth?
The smart street lighting systems market size is currently valued at USD 2.41 billion.
Why Smart street lighting systems Market has High Growth Potential?
The size of the smart street lighting systems market is likely to expand at a 19.2% CAGR during the forecast period.
Where will Manufacturers find Most Opportunities in the Smart street lighting systems Market?
The Europe region is likely to lead the smart street lighting systems market.
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