Connected (Smart) Street Lights Market 2018 : Global Industry Growth, Opportunities, Consumptions, Industry Analysis and Forecasts 2024

The latest report on Connected (Smart) Street Lights Market by Infinium Global Research gives complete coverage of the Connected (Smart) Street Lights Market by  in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Connected (Smart) Street Lights such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

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The Growing Trend in the Development of Smart Cities Drives the Growth of the Connected Street Lights Industry

Connected or smart street light is the intelligent street lighting system that adjusts automatically based on the real-time traffic conditions and change according to realistic condition. The conventional street light is one of the major sources of electricity consumption owing to the continuous operation of lighting during the night time, thus in order to reduce the unnecessary electricity consumption, the existing conventional system has to be adapted to the intelligent lighting system. This smart street light consists of an IR sensor, PIR sensor, low cost embedded controller and memory devices.

The growing trend in the development of smart cities drives the growth of the 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 offer various benefits over the conventional street lights such as better energy saving, improved operational efficiency, low maintenance cost and reduce carbon emission are some of the reasons that are likely to boost the demand of the 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 adapt to smart lighting technologies in order to save energy and reduce carbon emission is supporting to grow the market.

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Advancements in the Smart Street Lighting Such as Developments in the Wireless and the Internet of Things (Iot) Technologies

The smart lighting moderates the Maintenance activity as the detailed analysis of defects and the necessary materials are received with the real-time network mapping. However, high initial setup cost associated with the installation of the smart street lighting is hampering the growth of the connected or smart light market. Moreover, the rising projects of smart cities all over the globe are expected to fuel the smart street lighting 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 several opportunities in the smart street lighting.

Geographically, 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. The Asia-Pacific is the fastest growing region in the smart lighting market owing to the demand for energy efficient solution and the growing construction industries in this region.

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  • Comprehensive analysis of global as well as regional markets of the Connected (Smart) Street Lights.
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.