Connected (Smart) Street Light Market Size, Share and Forecast 2019-2026

SKU: DEU84 | Last Updated On: Nov 13 2019 | No. of Pages: 205 | Available Formats

In New York, the city’s power authority recently allocated $7.5 million dollars in smart streetlighting funding.

Market Overview
Global Connected (Smart) Street Light Market is expected to grow at a CAGR of around 20-30% during the forecast period (2019-2026) 

Connected Street Light Market Overview

Connected (Smart) Street Light are devices that are used for lighting up the cities. In this, all lights are connected and have sensors which make them efficient by putting off the lights when they are not required or not in use. So, these smart connected street lights light up city streets with efficient power use.

The report covers all the major trends and drivers playing a key role in the growth of the Connected (Smart) Street Light market. Connected (Smart) Street Light market is segmented by Components, Networking Technology, and Region.

Global Connected (Smart) Street Light Market Size, (in $ Billion), 2017-2026

Market Dynamics

The global Connected (Smart) Street Light market is primarily driven by the growing need for energy-efficient systems like a smart street light. Increasing energy crisis globally has put the urge for the more energy-efficient systems that conserve energy. With the need for sustainable development by conservation of energy is expected to drive the market for the connected street light market over the forecast period.

For instance, with a population of 190 million and a generation capacity of 3,900 MW, energy poverty is still a critical issue for Nigeria. However, the country has abundant energy resources, and the potential of its renewable can serve as a solution to tackle the power crisis sustainably. The current political will to crack down on corruption is expected to gain importance and grow as a signal to encourage future investments in Nigeria’s power sector in the coming years.     

The growing construction of smart cities all around the globe is the other reason for the smart street light market to have a positive impact in the coming years. Rising smart cities account for the increase in the adoption of IoT devices and LI-FI technology. There are huge investments in the development of smart cities all around the world. For instance, the Government of India (GoI) announced the 30 new cities under Smart Cities Mission, taking the total number of proposed smart cities to 90 cities. The government has announced to develop 100 smart cities in India. The government has planned to invest INR 1.91 trillion (US$ 30 billion) for the 89 cities under the mission. As per the proposed investment, 80% of the funds would be spent on area-based development (ABD) and the remaining 20% of the funds on ICT Solutions.

However, due to the high cost of initial installation and higher maintenance cost are some of the factors that will be hampering the growth of Connected (Smart) Street Light in the forecast period. 

Market Segmentation

By Components, the global Connected (Smart) Street Light market is segmented into Hardware and Services. The hardware segment includes a light source, drivers and ballast, sensors, switches, controllers, and others. As hardware is the integral element of the smart street light, which will make the market grow at a higher CAGR for the hardware. It is expected that the Hardware market for Connected (Smart) Street Light market will grow at a CAGR of ~XX% during the forecast period.

By Networking technology, the global Connected (Smart) Street Light market is segmented into Narrowband, Medium band, and Broadband. The medium band has the dominant position in the Connected (Smart) Street Light market due to the reason that proves to be both reasonably affordable and technically suitable for the largest number of potentially desirable applications.

Global Connected (Smart) Street Light Market (% share), by Networking Technology

Geographical Share

By geography, the global Connected (Smart) Street Light market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

Europe holds the largest market share for Connected (Smart) Street Light due to the rising urbanization coupled the governments initiate for the energy conservation in the region. Also, the increase in the investments on smart street light installation by public and private will drive the market for the forecast period. For instance, in Europe so far, only a handful of cities have installed intelligent lighting. However, the European Commission has pledged to help fund a project to set-up 10 million smart street lamps around cities in the EU by 2025.

North America is after Europe in terms of the market share of Connected (Smart) Street Light due to the rise in commercial spaces like offices and the parking lots and also due to the high investments on the smart city development projects will be the major drivers for the smart street light market in the region. For instance, Chicago’s programs to replace 270,000 city lights over the next four years with LEDs and intelligent controls is a good example of the growing scale and ambition of street lighting projects. This initiative could eventually save Chicago $10 million a year in energy costs. The latest edition of Navigant Research’s Smart City Tracker includes smart city projects in 221 cities, a quarter of which are deploying smart street lighting ranging from initial pilots to citywide and regional deployments that span tens and even hundreds of thousands of lights.

Global Connected (Smart) Street Light Market share, by Region,(%), 2018

Competitive Analysis

Key players are adopting strategies such as investing in R&D, new product launches, expansion in Networking Technology to stand out as strong competitors in the market. Global Connected (Smart) Street Light is a competitive market with the presence of various global and regional players in the market. The major players General Electric Co., Koninklijke Philips NV, Echelon Corporation, Osram AG, and Cisco System Inc. Other key players in the market include Triliant Holdings Inc., AxiomTek, Tech Mahindra Limited, Schréder Group GIE, and Silver Spring Networks Inc.

In April 2018: Telensa entered into a partnership with the government of Hong Kong to replace 600 streetlights in Yuen Long. This is a part of a pilot scheme that is expected to introduce more sophisticated and intelligent street lighting systems to the entire region’s urban infrastructure.

In February 2017, Citelum S.A. launched its new street lighting laboratory at the EDF Lab Les Renardières site to test the effectiveness of new technologies; evaluate their effect on electric networks; and find and develop new solutions for smart, economical, and eco-friendly lighting.

Connected Street Light Market Competitive Analysis

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Table of Contents

  1. Global Connected (Smart) Street Light Market Methodology and Scope

    1. Research Methodology

    2. Research Objective and Scope of the Report

  2. Global Connected (Smart) Street Light Market – Market Definition and Overview

  3. Global Connected (Smart) Street Light Market – Executive Summary

    1. Market Snippet by Components

    2. Market Snippet by Networking Technology

    3. Market Snippet by Region

  4. Global Connected (Smart) Street Light Market Dynamics

    1. Market Impacting Factors

      1. Drivers

        1. Increasing Demand for Energy-efficient Systems

      2. Restraints

        1. Higher installation Cost and Design Challenges

    2. Impact Analysis

    3. Opportunities

  5. Global Connected (Smart) Street Light Market – Industry Analysis

    1. Porter's Five Forces Analysis

    2. Supply Chain Analysis

  6. Global Connected (Smart) Street Light Market – By Components

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Components segment

      2. Market Attractiveness Index, By Components segment

    2. Hardware*

      1. Introduction

      2. Market Size Analysis and Y-o-Y Growth Analysis (%)

    3. Service

      1. Professional

      2. Managed

  7. Global Connected (Smart) Street Light Market – By Networking Technology

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Networking Technology segment

      2. Market Attractiveness Index, By Networking Technology segment

    2. Narrowband*

      1. Introduction

      2. Market Size Analysis and Y-o-Y Growth Analysis (%)

    3. Medium band

    4. Broadband

  8. Global Connected (Smart) Street Light Market – By Region

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

      2. Market Attractiveness Index, By Region

    2. North America

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Components

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Networking Technology

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. The U.S.

        2. Canada

        3. Mexico

    3. Europe

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Components

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Networking Technology

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. Germany

        2. The U.K.

        3. France

        4. Italy

        5. Spain

        6. Russia

        7. Rest of Europe

    4. South America

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Components

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Networking Technology

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. Brazil

        2. Argentina

        3. Chile

        4. Colombia

        5. Rest of South America

    5. Asia Pacific

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Components

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Networking Technology

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. China

        2. Japan

        3. South Korea

        4. India

        5. Indonesia

        6. Australia

        7. Rest of Asia Pacific

    6. The Middle East and Africa

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Components

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Networking Technology

  9. Global Connected (Smart) Street Light Market – Competitive Landscape

    1. Competitive Scenario

    2. Market Positioning/Share Analysis

    3. Mergers and Acquisitions Analysis

  10. Company Profiles

    1. General Electric Co.*

      1. Company Overview

      2. Product Portfolio and Description

      3. Key Highlights

      4. Financial Overview

    2. Koninklijke Philips NV

    3. Echelon Corporation

    4. Osram AG

    5. Cisco System Inc.

    6. Triliant Holdings Inc.

    7. AxiomTek

    8. Tech Mahindra Limited

    9. Schréder Group GIE

    10. Silver Spring Networks Inc.

  11. Global Connected (Smart) Street Light Market – Premium Insights

  12. Global Connected (Smart) Street Light Market – DataM

    1. Appendix

    2. About Us and Services

    3. Contact Us

List of Tables and Figures

List of Tables
Table 1    Global Connected (Smart) Street Light Market Value, By Components, 2018,2022 & 2026 ($ Million)
Table 2    Global Connected (Smart) Street Light Market Value, By Networking Technology, 2018,2022 & 2026 ($ Million)
Table 3    Global Connected (Smart) Street Light Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 4    Global Connected (Smart) Street Light Market Value, By Components, 2018,2022 & 2026 ($ Million)
Table 5    Global Connected (Smart) Street Light Market Value, By Components, 2017-2026 ($ Million)
Table 6    Global Connected (Smart) Street Light Market Value, By Networking Technology, 2018,2022 & 2026 ($ Million)
Table 7    Global Connected (Smart) Street Light Market Value, By Networking Technology, 2017-2026 ($ Million)
Table 8    Global Connected (Smart) Street Light Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 9    Global Connected (Smart) Street Light Market Value, By Region, 2017-2026 ($ Million)
Table 10    North America Connected (Smart) Street Light Market Value, By Components, 2017-2026 ($ Million)
Table 11    North America Connected (Smart) Street Light Market Value, By Networking Technology, 2017-2026 ($ Million)
Table 12    North America Connected (Smart) Street Light Market Value, By Country, 2017-2026 ($ Million)
Table 13    South America Connected (Smart) Street Light Market Value, By Components, 2017-2026 ($ Million)
Table 14    South America Connected (Smart) Street Light Market Value, By Networking Technology, 2017-2026 ($ Million)
Table 15    South America Connected (Smart) Street Light Market Value, By Country, 2017-2026 ($ Million)
Table 16    Europe Connected (Smart) Street Light Market Value, By Components, 2017-2026 ($ Million)
Table 17    Europe Connected (Smart) Street Light Market Value, By Networking Technology, 2017-2026 ($ Million)
Table 18    Europe Connected (Smart) Street Light Market Value, By Country, 2017-2026 ($ Million)
Table 19    Asia-Pacific Connected (Smart) Street Light Market Value, By Components, 2017-2026 ($ Million)
Table 20    Asia-Pacific Connected (Smart) Street Light Market Value, By Networking Technology, 2017-2026 ($ Million)
Table 21    Asia-Pacific Connected (Smart) Street Light Market Value, By Country, 2017-2026 ($ Million)
Table 22    Middle East & Africa Connected (Smart) Street Light Market Value, By Components, 2017-2026 ($ Million)
Table 23    Middle East & Africa Connected (Smart) Street Light Market Value, By Networking Technology, 2017-2026 ($ Million)
Table 24    General Electric Co.: Overview
Table 25    General Electric Co.: Product Portfolio
Table 26    General Electric Co.: Key Developments
Table 27    Koninklijke Philips NV: Overview
Table 28    Koninklijke Philips NV: Product Portfolio
Table 29    Koninklijke Philips NV: Key Developments
Table 30    Echelon Corporation: Overview
Table 31    Echelon Corporation: Product Portfolio
Table 32    Echelon Corporation: Key Developments
Table 33    Osram AG: Overview
Table 34    Osram AG: Product Portfolio
Table 35    Osram AG: Key Developments
Table 36    Cisco System Inc.: Overview
Table 37    Cisco System Inc.: Product Portfolio
Table 38    Cisco System Inc.: Key Developments
Table 39    Triliant Holdings Inc.: Overview
Table 40    Triliant Holdings Inc.: Product Portfolio
Table 41    Triliant Holdings Inc.: Key Developments
Table 42    AxiomTek: Overview
Table 43    AxiomTek: Product Portfolio
Table 44    AxiomTek: Key Developments
Table 45    Tech Mahindra Limited: Overview
Table 46    Tech Mahindra Limited: Product Portfolio
Table 47    Tech Mahindra Limited: Key Developments
Table 48    Schréder Group GIE: Overview
Table 49    Schréder Group GIE: Product Portfolio
Table 50    Schréder Group GIE: Key Developments
Table 51    Silver Spring Networks Inc.: Overview
Table 52    Silver Spring Networks Inc.: Product Portfolio
Table 53    Silver Spring Networks Inc.: Key Developments

List of Figures
Figure 1    Global Connected (Smart) Street Light Market Share, By Components, 2018 & 2026 (%)
Figure 2    Global Connected (Smart) Street Light Market Share, By Networking Technology, 2018 & 2026 (%)
Figure 3    Global Connected (Smart) Street Light Market Share, By Region, 2018 & 2026 (%)
Figure 4    Global Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 5    Global Connected (Smart) Street Light Market Y-o-Y Growth, By Components, 2018-2026 (%)
Figure 6    Hardware: Global Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 7    Service: Global Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 8    Global Connected (Smart) Street Light Market Y-o-Y Growth, By Networking Technology, 2018-2026 (%)
Figure 9    Narrowband: Global Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 10    Medium band: Global Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 11    Broadband: Global Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 12    Global Connected (Smart) Street Light Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 13    North America Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 14    North America Connected (Smart) Street Light Market Share, By Components, 2018 & 2026 (%)
Figure 15    North America Connected (Smart) Street Light Market Share, By Networking Technology, 2018 & 2026 (%)
Figure 16    North America Connected (Smart) Street Light Market Share, By Country, 2018 & 2026 (%)
Figure 17    South America Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 18    South America Connected (Smart) Street Light Market Share, By Components, 2018 & 2026 (%)
Figure 19    South America Connected (Smart) Street Light Market Share, By Networking Networking Technology, 2018 & 2026 (%)
Figure 20    South America Connected (Smart) Street Light Market Share, By Country, 2018 & 2026 (%)
Figure 21    Europe Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 22    Europe Connected (Smart) Street Light Market Share, By Components, 2018 & 2026 (%)
Figure 23    Europe Connected (Smart) Street Light Market Share, By Networking Technology, 2018 & 2026 (%)
Figure 24    Europe Connected (Smart) Street Light Market Share, By Country, 2018 & 2026 (%)
Figure 25    Asia-Pacific Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 26    Asia-Pacific Connected (Smart) Street Light Market Share, By Components, 2018 & 2026 (%)
Figure 27    Asia-Pacific Connected (Smart) Street Light Market Share, By Networking Technology, 2018 & 2026 (%)
Figure 28    Asia-Pacific Connected (Smart) Street Light Market Share, By Country, 2018 & 2026 (%)
Figure 29    Middle East & Africa Connected (Smart) Street Light Market Value, 2017-2026 ($ Million)
Figure 30    Middle East & Africa Connected (Smart) Street Light Market Share, By Components, 2018 & 2026 (%)
Figure 31    Middle East & Africa Connected (Smart) Street Light Market Share, By Networking Technology, 2018 & 2026 (%)
Figure 32    General Electric Co.: Financials
Figure 33    Koninklijke Philips NV: Financials
Figure 34    Echelon Corporation: Financials
Figure 35    Osram AG: Financials
Figure 36    Cisco System Inc.: Financials
Figure 37    Triliant Holdings Inc.: Financials
Figure 38    AxiomTek: Financials
Figure 39    Tech Mahindra Limited: Financials
Figure 40    Schréder Group GIE: Financials
Figure 41    Silver Spring Networks Inc.: Financials

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