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Global Connected (Smart)Street Lights Market is expected to grow at a CAGR of 13.7% over the Forecast Period of 2018 – 2024

Infograph - Global Connected

By Infinium Global Research Aug, 2020

The growing trend in the development of smart cities drives the growth of the connected street lights market. The smart street light to be used in smart cities will not help in improving lighting efficiency but also help to help cities monitor and respond to any circumstance, from traffic and air quality to crowds and noise. In addition, the connected street lights offer various benefits over the conventional street lights such as better energy saving, improved operational efficiency, low maintenance cost and reduce carbon emission are some of the reasons that are likely to boost the demand of the connected street light market. This smart lighting reduces energy costs up to 35% through intelligent ON/OFF switching and targeted progressive dimming. Also, initiatives are taken by utility companies and government institutions to adapt to smart lighting technologies in order to save energy and reduce carbon emission is supporting to grow the market.

 

The report on the Global connected (smart) street lights market covers segments such as connectivity and component. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, South Africa, and Middle East and Africa. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global EnGo PLANET, Telensa Ltd., Toshiba Lighting, Philips Lighting N.V, OSRAM Licht Group, Acuity Brands Lighting Inc., Schreder Group, Twilight Citelum S.A. and Dimonoff Inc.,

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