Smart/Connected Street Lights Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025
Global Smart/Connected Street Lights Market: Snapshot
The global smart/connected street lights market is witnessing a tremendous rise. The continued decrease in the cost of building satellites is boosting the market substantially across the world. The report also includes industrial evolution in the smart/connected street lights market. Researchers have provided Porter’s Five Forces analysis which identifies bargaining power of suppliers and buyers, threat from new entrants, threat from substitutes, and threat from competition in the smart/connected street lights market. Value chain analysis which identifies the key stakeholders in the smart/connected street lights market is also covered in the report. Furthermore, policies and regulations aiding the market are also covered. It also covers market attractiveness analysis and market positioning of key players for all regions covered in the scope of the study. Market attractiveness analysis identifies and compares attractiveness of different segments in the market on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report further includes competition landscape which includes competition matrix and market share analysis of major players in the global smart/connected street lights market based on their 2017 revenues. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors like market positioning, product offerings, and R&D focus are attributed to a company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow.
Global Smart/Connected Street Lights Market: Overview
With smart city projects gaining enormous traction, urban planners are seen envisaging how best to harness the potential of Internet of Things (IoT) in various applications. The main intention is to better city infrastructure. A shining example in this direction is the deployment of smart lighting in which street lighting systems are outfitted with connected sensors, thereby enabling them to respond automatically to different environmental triggers, and be remotely controlled in response to the situation.
The smart/connected street light infrastructure, comprising of connected technology, LED bulbs, motion sensors that activate lights when passersby are near, or switch off automatically with sunlight at daybreak, and generate prompts on when a light needs to be replaces, serves to make the streets safer.
The smart/connected street lights are typically connected via Wi-Fi, Bluetooth, radio frequency, etc. Some of the lamps used for smart or connected street lights are HID lamps, LED lamps, and CFL lamps.
Global Smart/Connected Street Lights Market: Key Trends
USPs of smart/connected street lights is that they aid in bringing down consumption of energy and save electricity and other costs. Besides they also have a positive impact on the environment. This is because an ideal smart light has solar panels, batteries, lightings, and network devices for communications. In fact, smart lighting is considered to be highly efficient and therefore has a very positive impact on the conservation of energy.
Apart from that, with technological progress it has become possible to intimate the right department about the malfunctioning of streetlight as soon as it occurs. Thus smart and connected street lighting has myriad advantages. It also holds a lot of possibilities to integrate applications to it. For example, it can be leveraged to gather information about the weather and can also act as CCTV surveillance system and GRPS system.
Apart from that, smart/connected poles are being installed with Volte 4G technology for improving the mobile phone coverage. Renting the poles to the cell carriers create an opportunity for authorities to generate revenues.
Global Smart/Connected Street Lights Market: Market Potential
Streetlights all over the world are currently being upgraded with traditional sodium lamps being swiftly supplanted with energy-efficient, reliable LED lighting. Hence, this is just the perfect time to push ahead with progressive lighting systems such as smart or connected street lights. With modern sophisticated technologies such as cloud and fog computing, the market is expected to receive further fillip.
Global Smart/Connected Street Lights Market: Regional Outlook
Geographically, the key segments of the global market for smart or connected street lights are Latin America, North America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East and Africa. Currently, Europe leads the market on the back of different lighting companies working towards deployment of smart lighting controls in both private and public areas. North America is expected to emerge as another attractive market in the years ahead. Since the cost of operating lighting in North America for commercial spaces is substantially high, smart lighting which is cost effective has emerged as a viable option. Besides, regulations and energy policies to limit the energy consumption in North America has also stoked the market for connected or smart street lights in the region.
Global Smart/Connected Street Lights Market: Competitive Analysis
Some of the key players operating in the global market for smart or connected street lights are General Electric, Telensa, Tech Mahindra, Osram, Wipro, Philips, Echelon Corporation, Tvilight, Verizon Enterprise, Sierra Wireless, and Sunview LED. In order to up sales, these companies are pitching their products to government and other associations.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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