Connected Street Lighting Market Size, Share, Industry Trends and Forecast to 2030

Connected Street Lighting Market Size & CAGR

The Connected Street Lighting market size was valued at USD 2.5 billion in 2023. With a projected Compound Annual Growth Rate (CAGR) of 12.3%, the market is estimated to reach USD 5.8 billion by 2030. The forecast growth rate from 2023 to 2030 signifies a significant expansion in the adoption of connected street lighting solutions worldwide. Factors such as urbanization, smart city initiatives, and the increasing focus on energy efficiency are driving the growth of the connected street lighting market.

COVID-19 Impact on the Connected Street Lighting Market

The COVID-19 pandemic has had a mixed impact on the connected street lighting market. On one hand, the pandemic caused disruptions in the supply chain, leading to delays in project implementations and installations. On the other hand, the need for efficient and remotely manageable lighting solutions has increased due to the focus on public health and safety. As cities and municipalities strive to create safer and more sustainable environments, the demand for connected street lighting solutions has been on the rise.

Connected Street Lighting Market Dynamics

The dynamics of the connected street lighting market are influenced by various factors such as technological advancements, regulatory initiatives, and changing consumer preferences. The integration of smart sensors, wireless connectivity, and data analytics has revolutionized the way street lights are managed and controlled. Government regulations promoting energy efficiency and sustainability have also played a significant role in shaping the market dynamics. The increasing trend towards smart cities and IoT-driven urban infrastructure is expected to further drive the growth of the connected street lighting market.

Segments and Related Analysis of the Connected Street Lighting Market

The connected street lighting market can be segmented based on technology, product, application, and end-user. By technology, the market is divided into Wi-Fi, Bluetooth, Zigbee, and others. Product segments include luminaires, control systems, and software. Applications of connected street lighting include highways, roadways, bridges, and others. End-users of connected street lighting solutions are mainly represented by municipalities, residential areas, and commercial establishments.

Connected Street Lighting Market Analysis Report by Region

Asia Pacific Connected Street Lighting Market Report

The Asia Pacific region is witnessing significant growth in the connected street lighting market due to rapid urbanization, infrastructure development, and government initiatives promoting smart city projects. Countries like China, India, and Japan are leading the adoption of connected street lighting solutions in the region. The increasing awareness about energy efficiency and environmental sustainability is driving the demand for smart lighting systems in the Asia Pacific market.

South America Connected Street Lighting Market Report

In South America, the connected street lighting market is gaining traction with the implementation of smart city projects and the focus on public safety and infrastructure development. Countries like Brazil, Argentina, and Chile are investing in modernizing their urban lighting systems with connected street lighting solutions. The market in South America is characterized by collaborations between government agencies, technology providers, and energy companies to deploy innovative lighting solutions.

North America Connected Street Lighting Market Report

North America is a mature market for connected street lighting, driven by the emphasis on energy efficiency, sustainability, and smart city initiatives. The United States and Canada are at the forefront of adopting advanced lighting technologies to enhance public safety and reduce energy consumption. The North American market is marked by the presence of key players offering a wide range of connected street lighting solutions to meet the diverse needs of municipalities and urban planners.

Europe Connected Street Lighting Market Report

Europe is a prominent market for connected street lighting solutions, characterized by stringent regulations promoting energy efficiency and environmental sustainability. Countries like Germany, France, and the United Kingdom are investing in upgrading their lighting infrastructure with smart and connected systems. The European market is witnessing collaborations between technology providers, urban planners, and sustainability advocates to create innovative lighting solutions for smart cities and sustainable communities.

Middle East and Africa Connected Street Lighting Market Report

The Middle East and Africa region are experiencing rapid urbanization and infrastructure development, leading to the adoption of connected street lighting solutions to enhance public safety and urban aesthetics. Countries like the UAE, Saudi Arabia, and South Africa are investing in smart city projects that include advanced lighting systems. The market in the Middle East and Africa is characterized by partnerships between government entities, technology providers, and energy companies to deploy smart lighting solutions in urban and rural areas.

Connected Street Lighting Market Analysis Report by Technology

The connected street lighting market analysis based on technology reveals the growing adoption of wireless communication protocols such as Wi-Fi, Bluetooth, and Zigbee for enabling smart lighting systems. These technologies allow for remote monitoring, control, and automation of street lights, enhancing energy efficiency and operational efficiency. Advanced software solutions are also being integrated with smart lighting systems to provide data analytics, predictive maintenance, and adaptive lighting functionalities.

Connected Street Lighting Market Analysis Report by Product

The market analysis by product segments the connected street lighting solutions into luminaires, control systems, and software. Luminaires encompass a wide range of LED fixtures designed for energy-efficient and long-lasting illumination. Control systems enable remote monitoring and management of street lights, allowing for dynamic control based on real-time data and user preferences. Software solutions provide advanced features such as scheduling, dimming, motion detection, and fault detection, enhancing the functionality and performance of connected street lighting systems.

Connected Street Lighting Market Analysis Report by Application

The market analysis by application showcases the diverse uses of connected street lighting solutions in highways, roadways, bridges, parks, and other outdoor spaces. Smart lighting systems are tailored to meet the specific requirements of each application, providing enhanced visibility, safety, and aesthetics. Connected street lighting solutions offer benefits such as energy savings, reduced maintenance costs, and improved lighting quality, making them ideal for various urban and rural environments.

Connected Street Lighting Market Analysis Report by End-User

The analysis by end-user categorizes the connected street lighting market based on the users of smart lighting systems, including municipalities, residential areas, commercial establishments, and industrial facilities. Municipalities and local governments are the primary adopters of connected street lighting solutions, seeking to enhance public safety, reduce energy consumption, and improve infrastructure management. Residential areas and commercial establishments are also embracing smart lighting technologies to create vibrant and sustainable environments.

Key Growth Drivers and Key Market Players of Connected Street Lighting Market

The connected street lighting market is driven by key growth factors such as urbanization, infrastructure development, energy efficiency mandates, and smart city initiatives. Leading market players in the connected street lighting segment include:

• Philips Lighting
• Cree Inc.
• Osram GmbH
• Acuity Brands Inc.
• Signify NV
• Zumtobel Group AG

These key market players are at the forefront of innovation, offering a wide range of connected street lighting solutions to meet the evolving needs of urban lighting infrastructure. Their expertise in LED technology, smart controls, and IoT integration sets them apart in the competitive landscape of the connected street lighting market.

Connected Street Lighting Market Trends and Future Forecast

The trends shaping the future of the connected street lighting market include the adoption of IoT-enabled lighting systems, the integration of renewable energy sources, and the deployment of smart city platforms. As urbanization accelerates and cities become more interconnected, the demand for intelligent lighting solutions is expected to surge. The future forecast for the connected street lighting market points towards sustained growth driven by technological advancements, regulatory mandates, and environmental considerations.

Recent Happenings in the Connected Street Lighting Market

Recent developments in the connected street lighting market include:

• Philips Lighting introduced a new range of connected street lighting solutions with advanced IoT capabilities.
• Cree Inc. partnered with a leading smart city platform provider to integrate smart lighting systems into urban environments.
• Osram GmbH launched a pilot project for solar-powered street lights equipped with wireless controls.
• Acuity Brands Inc. announced a strategic alliance with a major energy management company to promote energy-efficient lighting solutions.
• Signify NV collaborated with a smart infrastructure developer to implement connected lighting solutions in commercial districts.
• Zumtobel Group AG unveiled a cutting-edge street lighting design contest to foster innovation in urban lighting design.

These recent happenings underscore the growing momentum in the connected street lighting market, with industry leaders unveiling innovative solutions and forging strategic partnerships to drive the adoption of smart lighting technologies.