The GMI Research contemplates that the Connected Street Lightning Market will notice an upsurge in demand over the forecast period. This is mainly due to the rapid urbanization, increasing innovation and developments by leading companies, their potential to identify problems with maintenance and lighting failures in real-time and reduced demand for regular check-ups.
Introduction of the Connected Street Lightning Market
The smart street lighting solution helps to light up the streets and enhance visibility and safety for pedestrians and drivers, primarily at night. The lighting system allows light flashing and sequencing to promote traffic and crowd control during special events. Moreover, they strengthen security by amplifying the lighting in high-crime areas and in incident situations.
Key Players of the Market:
- General Electric
- Signify Holding
- Eaton
- Thorn
- Dimonoff inc.
- LED ROADWAY LIGHTING LTD.
- Cree Inc.
- OSRAM GmbH
- Hubbell
- Echelon
Connected Street Lightning Market Dynamics
The surging investments in smart cities throughout the world and the incorporation of various solutions like Platform-as-a-Service are the driving factors of Connected Street Lightning Market. For example, the Smart Dubai 2021 project sights to modify the city into a model smart city integrated with daily life services, proper use of city resources, and protection of people and information. Moreover, the European Commission, in 2019, authorised EUR 82 million for the establishment of 20 smart cities to provide better level of security, digital transition, and usage of urban land.
In addition, as per the Connected Street Lightning market analysis, the PaaS solutions offer consolidated supervision, real-time alerts, and superior control for smart city applications without concerning about designing, building, and sustaining the citywide communication network. Their prime emphasis is to decrease energy and maintenance costs and enhance the quality of services through automatic fault reporting. In 2019, Telensa validated an agreement to offer 15,000 LED smart lights in Dunedin, New Zealand. All these solutions will propel the Connected Street Lightning market size.
Connected Street Lightning Market Segmentation:
Segmentation by Component
- Hardware
- Lighting Fixture
- Controllers
- Communication Nodes and Gateways
- Others
- Software
- Services
Segmentation by Application
- Traffic Monitoring
- Video Surveillance
- Others
Segmentation by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- South Africa
- Brazil
- UAE
- Saudi Arabia
About GMI Research
GMI Research is a market research & consulting company offers business insights and market research reports for small, medium, and large organizations. Our team of analysts and industry experts conduct market intelligence studies to make sure that all fact-based research reaches a wide range of sectors such as FMCG, Technology, Energy, and Healthcare. The team collects information about the industry implementing both internal and external databases. Our prime emphasis is to acknowledge our clients with the emerging opportunities and challenges faced across different industries. Our step-by-step assistance through strategic and consulting services help clients reach a managerial and actionable decision. We at GMI Research organization make an effort to help business stay ahead of the line.