Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Connected Street Light Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Connected Street Light Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Connected
Street Light Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Connected Street Light Market is offered. In accordance with the report, the global
Connected Street Light Market is projected to
expand at a CAGR of 21.39% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
The connected (smart) street light system establishes the connection
between components through reliable and secured wired or wireless network
enabling two way communication for monitoring and controlling functions.
Connected (smart) street light system consists of electronic components, light
fittings, energy storage equipment’s, and network devices for communication.
These systems provides very high energy efficiency & better control by
plummeting the power consumption in the lighting applications. Moreover,
control system allows operators to control luminance intensities of lighting as
per the ambiance, intensity of the daylight, and others such as occupancy, and
physical presence.
Growing awareness about energy-efficient street light models is
primarily fueling the growth of the connected (smart) street light system. As
the electricity prices continue to rise, more and more government organizations
are switching over to connected (smart) street lights to reduce operational
costs while improving safety and efficiency. Energy efficiency has been the
major cause associated with the electricity usage, especially in mature markets
such as Europe and North America. Many regulations have been imposed to phasing
out older technologies. EU has passed regulation to phase out less efficient
halogen spotlights from 2018.This has led to growing adoption of LEDs thus
paving way to more efficient connected (smart) street light system.
The consumption of power and CO2 emission of street lights are
limited to a minimum as the connected (smart) street lights are switched-on
automatically when they are “needed” and adjusts the brightness of the
illumination based on time of day by means of integrated photo sensors.
The impact of this driver in the short term is high and is expected
to stabilize over the long term. This is largely due to high demand for
energy-efficient systems and various existing government regulations mandating
production as per industry standards. The governments of different countries
are imposing stringent regulations to protect the environment and to stabilize
the greenhouse gas levels in the atmosphere
Ø For instance, 83 signatories and 192 member countries such as the
U.S., Australia, Canada, Brazil, the European Union, and Japan have signed the
Kyoto Protocol to attain harmful emission reduction targets, and promote
energy-efficient solutions.
The increasing use of electricity across the residential,
commercial, and industrial sectors has led to a rise in the operational and
maintenance cost of lighting controls.
Moreover data transmitted through connected system will report
irregular lamp behavior, individual lamp failure when it occurs, which lessens
the routine maintenance inspections of lighting control and saving lot of
operational and maintenance costs. The impact of this driver is expected to be
moderate in connected (smart) street light system for short, medium, and long
term.
Poor infrastructure in developing economies is the major restraint
in connected (smart) street light market. This is mainly due to low network
infrastructure, less internet penetration which leads to less bandwidth
availability. As large number of developing countries are still using
traditional lamps so shifting to connected (smart) street light will be costly
due to high costs involved in procurement and retrofitting old street lamps.
The impact of cost is anticipated to be high on the connected
(smart) street light market in the short-term and expected to reduce over the
long term. This is largely due to the increased government spending to boost
its infrastructure. Rising growth of light emitting diodes (LED), the rapid
growth of street lighting systems, lighting in commercial modernization, and
the expansion of this technology in smart cities are expected to provide significant
opportunities for the connected (smart) street light market. New wireless
technologies such as Li-Fi are being deployed in the connected street lights of
Dubai (UAE). It uses light to connect with devices and speed of system is
expected to reach 224 GB/second. Due to its high data transfer speed and
efficiency, large number of vendors are expected to integrate such technologies
into their system to maintain competitive edge.
The integration of street lighting systems with traffic signals, parking-lot
lights, pollution sensors, energy meters, and traffic sensors is providing
significant opportunities for smart lighting and control systems, especially in
emerging economies. This can further decrease energy consumption as well as
improve the performance of other systems and functions in an urban region. Emerging
economies such as the Asia Pacific, Latin America, Middle East, and Africa are
expected to fuel the growth of the connected (smart) street light market. This
is primarily due to the rising emphasis on the conservation and optimization of
energy and reducing CO2 emissions. At present, these economies see a lot of
potential in the deployment of smart lighting systems in smart city projects.
This is the result of growing awareness and penetration of connected (smart)
street lights.
Segment Covered:
This market
intelligence report on the global Connected Street Light Market encompasses market segments based on connectivity, component and country.
In terms of connectivity, the Connected Street Light Market is segregated
into:
·
Wired (Power
Line Communication)
·
Wireless
Communication
By component, the global Connected Street
Light Market is also classified into:
·
Hardware
• Sensors
• Controllers/Relays
Ø Metering
Ø Non-Metering
• Others
·
Software
·
Services
By country/region, the global Connected Street Light
Market has been divided into:
·
North America
(the U.S., Canada)
·
Latin America
(Brazil, Mexico, Argentina and other countries)
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries)
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries)
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Cisco Systems,
Inc.
·
Dimonoff Inc
·
Citelum S.A.
·
Echelon
Corporation
·
EnGo PLANET
·
Flashnet SRL
·
General Electric
Co.
·
Philips Lighting
N.V.
·
Led Roadway
Lighting Ltd.
·
LonMark
International
·
OSRAM
·
Silver Spring
Networks Inc.
·
Telensa Ltd.
·
Toshiba Lighting
·
TransData, Inc.
·
TVILIGHT
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Connected Street Light related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Connected
Street Light Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Connected Street Light Market is done by taking into account various parameters such
as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Silver Spring
Network, Transdata, Telensa among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Connected Street Light caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Connected
Street Light Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Connected Street Light Market
v
Identification
of key factors driving investment opportunities in the Connected
Street Light Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants