The Global Installed Base of Smart Street Lights to reach nearly 73 Million by 2026
A new report from Navigant Research analyses the evolution of smart street lighting technology and market trends, providing global market forecasts of smart street lighting hardware, software applications, and services, broken out by segment and region, through 2026.
The vision of a city lighting network is one that provides a platform for a range of innovative smart solutions in addition to efficiently illuminating public spaces. By combining advances in energy efficient lighting with new technologies and sensors, smart streetlights can help cities increase efficiency, raise additional revenue, keep residents safe, improve sustainability, and attract new residents and businesses.
Ryan Citron, research analyst at Navigant Research, said, “With LEDs established as the technology of choice for street lighting upgrades, the next frontier for smart street lighting networks involves rapidly increasing deployments of controls technology and a transition to being utilised as a broader platform for smart city innovations. Sensors and other technologies are being added to smart street lighting networks to offer a multitude of new city services, including gunshot detection, air quality monitoring, electric vehicle (EV) charging, traffic management, and smart parking, among others.”
Smart street lights also offer increased energy and maintenance savings as well as new opportunities for new revenue, according to the report. Services related to streetlight infrastructure, such EV charging and broadband coverage can mean additional income for suppliers, cities, and utilities alike.
The report, Smart Street Lighting for Smart Cities, analyses the evolution of smart street lighting technology and market trends, with a focus on how smart street lighting can be used as a platform for additional smart city applications. The study analyses the drivers for the transformation in the lighting market, including financial, environmental, and economic factors, and assesses approaches to smart street lighting in different regions. Global market forecasts of smart street lighting hardware, software applications, and services, broken out by segment and region, extend through 2026. The report also examines significant smart street lighting projects and case studies of major deployments from around the world, as well as the competitive landscape.