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Connected (Smart) Street Light Market By Component (Hardware [Light Source - LED Lamps, Sodium Vapor Lamps and Others, Drivers and Ballast, Sensors, Switches, and Controllers], Software and Services), Connectivity (Wired [Power Line Communication] and Wireless), Networking Technology (Narrowband, Medium Band, and Broadband), and Application (Traffic Monitoring, Environmental Monitoring, and Video Surveillance), and Industry Vertical (Commercial, Pharmaceutical, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A08879
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Dec 2020 | 86 Views
 
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Connected (Smart) Street Light Market Outlook - 2027

Connected (Smart) street light refers to public street lighting, which adapts to movement by cyclists, pedestrians, and cars. It is also referred to as adaptive street lighting that brightens when movement is detected, but dims when no activity is detected. Smart street lighting systems are capable of identifying issues with maintenance and lighting failures in real time, allowing errors to be fixed in a time-bound manner, while ensuring higher service quality. This also removes the need for regular maintenance-related checkups. 

However, rise in awareness of energy conservation and effective lighting techniques is attracting attention from players operating in the connected (smart) street light market. In addition, smart street lighting systems can send information to a centralized management system that controls various parameters such as voltage, light, current, and temperature.

The global connected (smart) street light market is segmented on the basis of component, connectivity, networking technology, application, industry vertical, and region. Based on component, the connected (smart) street light market is divided into hardware, software, and services. The hardware segment is further divided into light source - LED lamps, sodium vapor lamps and others, drivers and ballast, sensors, switches, and controllers.

Based on connectivity the connected (smart) street light market is divided into wired and wireless. On the basis of networking technology the market is divided into narrowband, medium band, and broadband. Based on application, the market is divided into traffic monitoring, environmental monitoring, and video surveillance. On the basis of industry vertical, the connected (smart) street light market is segregated into commercial, pharmaceutical, and others.

Key players operating in the global connected (smart) street light industry include 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.. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global connected (smart) street light market. 

Top Impacting Factors

Street lights in various countries across the world are being upgraded with the energy-efficient and reliable LED lighting. Hence, the global market for connected street lights is anticipated to grow during the forecast period. In addition, the technological advances such as cloud computing is expected to provide lucrative opportunities for the market growth of connected street lights. Connected street lights have significantly increased capacity as opposed to conventional ones. Therefore, connected street lights have been widely adopted overcoming the disadvantages including setup complexities, operational hindrances, and high capital costs. In some developing and underdeveloped nations lack of support infrastructure hampers the connected street light market growth.

Rise of Smart Cities Anticipated to Drive the Connected (Smart) Street Light Market

Smart city initiatives across the globe is gaining immense popularity. Smart cities consists of the use of different digital technologies to improve device communication as well as performance. It enables to cut costs and make resource efficient use. Smart street lighting, equipped with embedded sensors and digital network, allows monitor city traffic and the air quality in this context. 

In addition, the connected lights can also monitor availability of parking spaces and detect traffic congestion. Moreover, the camera-connected smart street lights is expected to improve road safety by minimizing the risk of accidents and crime. Hence, the emergence of smart cities during the forecast period is expected to drive the growth of the global smart street lighting market size.

Wireless Street Lights Expected to Rise Considerably During the Forecast Period

Wired street lights use programmable logic controller (PLC) which is better than a Bluetooth wireless communication module and it is the most secure communication module. However, the upfront cost of wired street light based on PLC is higher than smart street light systems which operates on a module for wireless communication. Therefore, the use of wireless street lighting is anticipated to increase significantly in the coming years

Furthermore, there is increase in implementation of connected street lights in urban areas, owing to growing government initiatives and increased development of smart cities. In addition, efficient lighting techniques and increased awareness of energy conservation is attracting attention from players operating in the connected street light market. Moreover, the market is being driven by development of wireless technologies and sensors in the smart lighting sector. As demand for greener strategies that would support sustainable development around the world is rising, the market is witnessing huge growth.

Key Benefits of the Report:

  • This study presents the analytical depiction of the global connected (smart) street light industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global connected (smart) street light market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global connected (smart) street light market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global connected (smart) street light market analysis based on competitive intensity and how the competition will take shape in coming years.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2020–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD)

Segments Covered

Component, Connectivity, Networking Technology, Application, Industry Vertical and Region

Regions Covered

North America (Canada, Mexico, and U.S.), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Africa, Latin America, and Middle East)

Companies Covered

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.

 

COVID-19 Scenario Analysis:

  • Global connected (Smart) street light market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new methods as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for connected (Smart) street light market forecast are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced connected (Smart) street lights to enhance efficiency.

Key Segments Covered:

Segments

Sub-Segments

Component

  • Hardware (Light Source - LED Lamps, Sodium Vapor Lamps, and Others, Drivers and Ballast, Sensors, Switches, and Controllers)
  • Software
  • Services

Connectivity

  • Wired (Power Line Communication)
  • Wireless

Networking Technology

  • Narrowband
  • Medium Band
  • Broadband

Application

  • Traffic Monitoring
  • Environmental Monitoring
  • Video Surveillance

Industry Vertical

  • Commercial
  • Pharmaceutical
  • Others

 

Questions Answered in the Connected (Smart) Street Light Market Research Report:

  • Which are the leading market players active in the connected (smart) street light market size?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the connected (smart) street light market trends?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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