Infinium Global Research

Connected (Smart) Street Lights Market Analysis, Manufacturers and Trends : Industry Key Players: EnGo PLANET, Telensa Ltd., Toshiba Lighting, Philips Lighting N.V, OSRAM Licht Group

Infinium Global Research added Latest Research Report titled “Connected (Smart) Street Lights Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.

 

Pune, India -- (SBWIRE) -- 08/27/2018 -- Rapidly Growing Trend of Development of Smart Cities Drives the Growth of Connected Street Lights Market

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 someĀ  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.

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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.

Europe holds the largest market share in the smart street lighting followed by North America

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.

Smart streetlight to improve power energy efficiency in Edinburgh

In July 2018, like many UK cities, the City of Edinburgh is pursuing a number of solutions to improve energy efficiency, data collection, automation and connectivity across a variety of sectors. Introducing smart streetlight controls, which can be linked to motion sensors and ensure streets are only lit when they are in use by pedestrians, is one cutting edge strategy that could deliver significant benefits.

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Street Light Upgrades Help Cities Get Smart Fast with IoT

In June 2018, as the Internet of Things (IoT) continues to grow, municipal leaders may wonder how to best incorporate technology into their infrastructure to support a truly smart city. Many cities have found the answer in the humble street light. Yes, street lights are blazing the way for smart city power, collecting data and providing citizen services in simple but powerful ways.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global connected (smart) street lights market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of connected (smart) street lights market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the connected (smart) street lights market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the connected (smart) street lights market to understand the present and future trends in this market and formulate their strategies accordingly.