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Global Connected (Smart) Street Light Market: By Connectivity: Wired, Wireless; By Component: Hardware, Software, Services; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Connected (Smart) Street Light Market Outlook
The global connected (smart) street light market is projected to grow at a CAGR of 27% during the forecast period 2022-2027.
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Smart road lights are capable of auto-dimming and brightening depending on weather modifications, vehicle passage, and pedestrian and animal passage. These lights are capable of measuring concentrations of air pollution, alerting to elevated air toxicity, monitoring traffic, and reducing crime rates through embedded cameras and sound detectors.
Properties and Applications
The connected (smart) street light industry can be segmented into connectivity, components, and regions.
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Based on its connectivity, the market is bifurcated as:
- Wired
- Wireless
Based on component, the market can be divided into hardware, software, and services.
Hardware can be further divided into the light source, drivers and ballast, sensor, switches, and controllers. The light source can be subdivided into LED lamps, sodium vapour lamps, and others.
The EMR report looks into the regional markets of connected (smart) street light like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The rising number of smart cities is one of the leading market trends affecting the development of the connected (smart) street light industry. The rise in smart cities worldwide has increased the demand for intelligent connected appliances, including intelligent road lamps. Developed on a scalable platform, the network of intelligent street lamps enhances road safety and decreases accident opportunities. Several market suppliers are partnering to construct smart cities with regional governments. Also, the increasing awareness of energy conservation and effective lighting methods are attracting the attention of players in the connected (smart) street light industry. Furthermore, the growth of sensors and wireless systems in smart lighting is expected to fuel the market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global connected (smart) street light market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Cisco Systems, Inc.
- Citelum
- DimOnoff Inc.
- Echelon
- EnGo Planet
- General Electric Company (NYSE: GE)
- Philips Lighting (Signify Holding)
- LED Roadway Lighting Ltd.
- LonMark International
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Connectivity, Component, Region |
| Breakup by Connectivity | Wired, Wireless |
| Breakup by Component | Hardware, Software, Services |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cisco Systems, Inc., Citelum, DimOnoff Inc., Echelon, EnGo Planet, General Electric Company, Philips Lighting (Signify Holding), LED Roadway Lighting Ltd., LonMark International, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Connected (Smart) Street Light Market Analysis
6.1 Global Connected (Smart) Street Light Market (2017-2021) & Forecast (2022-2027)
6.2 Global Connected (Smart) Street Light Market Breakup by Connectivity
6.2.1 Wired
6.2.2 Wireless
6.3 Global Connected (Smart) Street Light Market Breakup by Connectivity: Historical Market (2017-2021) & Forecast (2022-2027)
6.3.1 Wired
6.3.2 Wireless
6.4 Global Connected (Smart) Street Light Market Breakup by Component
6.4.1 Hardware
6.4.1.1 Light Source
6.4.1.1.1 LED Lamps
6.4.1.1.2 Sodium Vapour Lamps
6.4.1.1.3 Others
6.4.1.2 Drivers & Ballast
6.4.1.3 Sensors
6.4.1.4 Switches
6.4.1.5 Controllers
6.4.1.6 Others
6.4.2 Software
6.4.3 Services
6.5 Global Connected (Smart) Street Light Market Breakup by Component: Historical Market (2017-2021) & Forecast (2022-2027)
6.5.1 Hardware
6.5.1.1 Light Source
6.5.1.1.1 LED Lamps
6.5.1.1.2 Sodium Vapour Lamps
6.5.1.1.3 Others
6.5.1.2 Drivers & Ballast
6.5.1.3 Sensors
6.5.1.4 Switches
6.5.1.5 Controllers
6.5.1.6 Others
6.5.2 Software
6.5.3 Services
6.6 Global Connected (Smart) Street Light Market Breakup by Region
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 United Kingdom
6.6.2.3 France
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Mexico
6.6.4.4 Others
6.6.5 Middle East & Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Global Connected (Smart) Street Light Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
6.7.1 North America
6.7.1.1 United States of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 Germany
6.7.2.2 United Kingdom
6.7.2.3 France
6.7.2.4 Italy
6.7.2.5 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 ASEAN
6.7.3.5 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Argentina
6.7.4.3 Mexico
6.7.4.4 Others
6.7.5 Middle East & Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Citelum
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 DimOnoff Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Echelon
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 EnGo Planet
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 General Electric Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Philips Lighting (Signify Holding)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 LED Roadway Lighting Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 LonMark International
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 Others
10 Industry Events and Developments
Key Questions Answered in the Report
The global connected (smart) street light market is expected to grow at a CAGR of about 27% in the forecast period of 2022-2027.
The major drivers of the market such as increasing population, increasing demand for intelligent connected appliances, including intelligent road lamps, growth of sensors and wireless systems in smart lighting, rise in the demand for greener strategies, introduction of new wireless technologies, and rapidly rising trend of street lighting systems and lighting in commercial setups are expected to aid the industry growth.
The rising number of smart cities and increasing awareness of energy conservation and effective lighting methods are the key trends trends affecting the development of the connected (smart) street light industry.
North America, Latin America, Middle East and Africa, Europe, and Asia Pacific are the major regions in the market.
The major connectivity segments in the market are wired and wireless.
The major types of components for the market are hardware, software, and services. Hardware can be further divided into the light source, drivers and ballast, sensor, switches, and controllers, among others. The light source can be subdivided into LED lamps, and sodium vapour lamps, among others.
The major players in the market are Cisco Systems, Inc., Citelum, DimOnoff Inc., Echelon, EnGo Planet, General Electric Company, Philips Lighting (Signify Holding), LED Roadway Lighting Ltd., and LonMark International, among others.
Analyst Review
The global connected (smart) street light market has been driven by the increasing demand for intelligent connected appliances, including intelligent road lamps in the historical period. Aided by the rising number of smart cities and increasing awareness of energy conservation and effective lighting methods, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 27%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of connectivity, the market is divided into wired and wireless. Based on component, the market can be divided into hardware, software, and services. Hardware can be further divided into the light source, drivers and ballast, sensor, switches, and controllers, among others. The light source can be subdivided into LED lamps, and sodium vapour lamps, among others. The major regional markets for the product are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific. The key players in the above industry include Cisco Systems, Inc., Citelum, DimOnoff Inc., Echelon, EnGo Planet, General Electric Company, Philips Lighting (Signify Holding), LED Roadway Lighting Ltd., and LonMark International, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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