Pulished Date August, 2019
ID: 8693
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Connected (Smart) Street Lights Market - By Component (Hardware, Sensors, Controllers, Software, Services, Others), By Application (Traffic Monitoring, Environmental Monitoring, Video Surveillance & Other Applications), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Growth, Investment, Strategy, Demand & Forecast Report | 2019 - 2024

Pulished: August, 2019
ID: 8693
Pages: 175

Connected (Smart) Street Lights Market Size, Share, Trends (2019 - 2024)

The Connected (Smart) Street Lights Market, is currently valued at 250 Million USD and is expected to reach a value of 1125 Million USD by 2024 and is expected to grow at a CAGR of 28.5% during the forecast period 2019 - 2024.

Connected (Smart) Street Lights are intelligent technology in the lighting system industry. They adjust automatically based on real-time road conditions and change according to realistic conditions. A bulk of presently deployed lighting devices are focused on traditional lighting technologies. Increasing awareness of energy conservation and efficient lighting techniques, however, is attracting attention from players operating in the connected street light market. Moreover, the industry is being fueled by the growth of cameras and wireless systems in the sector of smart lighting. The industry is experiencing growth as a supply for greener approaches that would promote sustainable development around the world is rising.

 

Market Growth Drivers

  • The advent of smart cities
  • Increased use of devices involving internet of thing
  • Adoption of LiFi networked communication devices

Key Challenges

  • Lack of awareness among end-users
  • Hesitation in investment from investors

Opportunities

  • Growth in smart city initiatives is boosting the industry as these initiatives use fresh smart devices that can assist monitor energy consumption, vehicle flow, and water quality, etc. In smart cities, the efficient use of these fresh techniques depends entirely on the growth of infrastructure and the intelligent supply chain.
  • Factors such as the operational benefits of smart street lights and the increasing number of highway expansion plans will provide significant growth opportunities for smart street light manufacturers.

 

RECENT DEVELOPMENTS:

  • In March 2017, Philips Lighting will feature energy-efficient LED street lighting on the scenic island of Ameland, the Netherlands, and Philips ClearSky, a light spectrum particularly intended to be polite to migratory birds. The fresh building infrastructure is a significant milestone in assisting Ameland to attain its optimistic sustainability objectives through energy-saving and light pollution reduction.
  • In April 2019, Itron Inc announced that the company is working with VINCI Energies' Electrix and Transport Canberra and City Services to create an Industrial Internet of Things network to support smart lighting and smart city and energy solutions in Australia's capital city of Canberra. This project represents Australia's largest stand-alone smart lighting project and the first contract in Australia and Oceania for energy performance.
  • In April 2019, it was announced that Samsung SDS and Telensa are collaborating on smart city initiatives together. The two firms are working together on intelligent street lighting. The first cooperation will be in Korea's town initiatives, with wider deployments continuing throughout the Asia Pacific and the U.S.

Report Coverage

 

Report Metric

Details

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Component, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Signify, Itron, Telensa, Echelon Corp, Rongwen, Current- powered by GE, DimOnOff, Flashnet, Sensus, GridComm.

 

This Research Report Includes the Segmentation & Sub-Segmentation of the Connected (Smart) Street Lights Market with Size & Forecast until 2024.

Connected (Smart) Street Lights Market - By Component

  • Hardware
  • Sensors
  • Controllers
  • Software
  • Services
  • Others

Connected (Smart) Street Lights Market - By Application

  • Traffic Monitoring
  • Environmental Monitoring
  • Video Surveillance
  • Other Applications

Connected (Smart) Street Lights Market - By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Geographically, Europe holds the largest market share in smart street lighting followed by North America. Due to the projected benefits of intelligent road painting, which in fact decreases power usage and is also useful to the industry in this area, the numerous businesses and public departments in the U.K. are concentrating on intelligent road painting alternatives. Due to the requirement for energy-efficient alternative and increasing building sectors in this area, Asia Pacific is the highest increasing area in the intelligent flash industry.

ADVANTAGES OF USING CONNECTED STREET LIGHTS OVER CONVENTIONAL ONES:

In recent years, technological advances have certainly increased the global requirement for connected (smart) street lights. It has increased road lamps ' ability, which is more effective than standard road lamps. The constant supply for sustainable lighting alternatives has resulted in an important development in connected (smart) street lights across countries in both advanced and emerging areas. Moreover, the growth of smart cities across countries around the globe has compelled states and businesses to look forward to alternatives for smart lighting.

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

  • Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.
  • Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Connected (Smart) Street Lights Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

Key Market Players Profiled in the Research Report are:

  1. Signify
  2. Itron
  3. Telensa
  4. Echelon Corp
  5. Rongwen
  6. Current- powered by GE
  7.  DimOnOff
  8. Flashnet
  9.  Sensus
  10. GridComm

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Component                

                                5.1.1 Introduction           

                                5.1.2 Hardware

                                5.1.3 Sensors    

                                5.1.4 Controllers              

                                5.1.5 Software  

                                5.1.6 Services    

                                5.1.7 Others      

                                5.1.8  Y-o-Y Growth Analysis, By Component      

                                5.1.9  Market Attractiveness Analysis, By Component    

                                5.1.10  Market Share Analysis, By Component   

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Traffic Monitoring

                                5.2.3 Video Surveillance               

                                5.2.4 Other Applications               

                                5.2.5 Y-o-Y Growth Analysis, By Applications       

                                5.2.6 Market Attractiveness Analysis, By Applications     

                                5.2.7 Market Share Analysis, By Applications      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Component

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Component

                                                6.1.4.3 By Applications

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Component

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Telensa                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Signify                           

                8.3 Itron                              

                8.4 Echelon Corp                             

                8.5 Rongwen                     

                8.6 Current                        

                8.7 DimOnOff                   

                8.8 Sensus                          

                8.9 GridComm                  

                8.10 Flashnet                    

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Component, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Connected (Smart) Street Lights Market By Region, From 2016-2021 ( USD Million )
  2. Global Connected (Smart) Street Lights Market By Component, From 2016-2021 ( USD Million )
  3. Global Hardware Market By Region, From 2016-2021 ( USD Million )
  4. Global Sensors Market By Region, From 2016-2021 ( USD Million )
  5. Global Controllers Market By Region, From 2016-2021 ( USD Million )
  6. Global Software Market By Region, From 2016-2021 ( USD Million )
  7. Global Services Market By Region, From 2016-2021 ( USD Million )
  8. Global Others Market By Region, From 2016-2021 ( USD Million )
  9. Global Connected (Smart) Street Lights Market By Application, From 2016-2021 ( USD Million )
  10. Global Traffic Monitoring Market By Region, From 2016-2021 ( USD Million )
  11. Global Environmental Monitoring Market By Region, From 2016-2021 ( USD Million )
  12. Global Video Surveillance Market By Region, From 2016-2021 ( USD Million )
  13. Global Other Applications Market By Region, From 2016-2021 ( USD Million )

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