Connected (Smart) Street Lights Market

29 Apr

Sample

Connected (Smart) Street Lights Market Poised to Grow at a CAGR of 16.5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Connected (Smart) Street Lights Market. The report presents analysis of global as well as regional markets of connected (smart) street lights market over the period of 2016 to 2024.


Connected or smart street light is the intelligent street lightning system that adjusts automatically based on the real time traffic conditions and change according to realistic condition.  The conventional street light is one of the major source of electricity consumption owing to the continuous operation of lighting during the night time, thus in order to reduce the unnecessary electricity consumption, the existing conventional system has to be adapted to intelligent lighting system. This smart street lights consists of IR sensor, PIR sensor, low cost embedded controller and memory devices.


The growing trend of development of smart cities drives the growth of 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 offers 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 connected street light market. This smart lightning reduces energy costs up to 35% through intelligent ON/OFF switching and targeted progressive dimming. Also, initiatives taken by utility companies and government institutions to adopt to smart lightning technologies in order to save energy and reduce carbon emission is supporting to grow the market.


The smart lighting moderates the Maintenance activity as the detail analysis of defects and the necessary materials are received with the real time network mapping. However, high initial setup cost associated with installation of the smart street lighting is hampering the growth of connected or smart light market. Moreover, the rising projects of smart cities across all over the globe is expected to fuel the smart street lightning market over the forecast period. The ongoing technological advancements in the smart street lighting such as developments in the wireless and the internet of things (IoT) technologies is projected to create the several opportunities in the smart street lightning.


Geographically, Europe holds the largest market share in the smart street lighting followed by North America. The various companies and the government agencies in the U.K are focusing on the smart street lighting solutions due to the estimated advantages of smart street lightning which in turn reduces the energy consumption and it is also beneficial for the economy in this region. Asia Pacific is the fastest growing region in the smart lightning market owing to the demand of energy efficient solution and the growing construction industries in this region.


Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global connected (smart) street lights market but also make strategic decisions to capture the most lucrative markets in the near future.


The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global connected (smart) street lights market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1437

 

The recent report identified that Europe dominated the global connected (smart) street lights market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the connected (smart) street lights market worldwide.


The report segments the global connected (smart) street lights market on the basis of Connectivity and Component.

 

Global connected (smart) Street Lights Market by Connectivity

·         Wired

·         Wireless

 

Global connected (smart) Street Lights Market by Component

·         Hardware

o    Sensors

o    Controllers/Relays

o    Others

·         Software

·         Services

 

Companies Profiled in the Report

·         EnGo PLANET

·         Telensa Ltd.

·         Toshiba Lighting

·         Philips Lighting N.V

·         OSRAM Licht Group

·         OSRAM Licht Group

·         Acuity Brands Lighting Inc.

·         Schreder Group

·          Twilight Citelum S.A.

·         Dimonoff Inc.,

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.