Smart Street Lighting Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook

Smart Street Lighting Market Size- By Component, By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Smart Street Lighting Market Size- By Component, By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: IACT23208 Pages: 1 - 230 Formats*:     
Category : Information & Communications Technology
Street Lighting Market Introduction and Overview Introduction and Overview  

According to SPER Market Research, the Global Smart Street Lighting Market is estimated to reach USD 16.76 billion by 2033 with a CAGR of 19.46%.

The report includes an in-depth analysis of the Global Smart Street Lighting market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "smart" street light describes street lighting in public areas that adjusts to the movements of vehicles, cyclists, and pedestrians. Another name for it is adaptive street lighting, which turns on when motion is detected and turns off when none is. In order to ensure better service quality and timely error correction, smart street lighting systems can detect maintenance problems and lighting failures in real time. This also eliminates the requirement for routine maintenance-related checks.

  • SAP SE has acquired Signavio GmbH, a provider of process management and business process intelligence. The integration of SAP's business process intelligence unit with Signavio will aid in the transformation and improvement of the organization's business processes at scale.
  • GE Current acquired Hubbell Incorporated's Commercial & Industrial (C&I) lighting business, creating an overall lighting solutions business known as Current. The combined company now provides a diverse portfolio of fixtures and controls, lamps, roadway, signage, transportation, and horticulture markets.
Street Lighting Market
Market Opportunities and Challenges

Opportunities: An increasing amount of energy optimization is needed to spur market expansion.
Intelligent maintenance schedules for smart street lighting are available to report and track malfunctioning lights, thereby lowering maintenance and repair expenses. Since connected LEDs have lower power requirements and can be remotely turned on, off, or dimmed, they enable increased energy efficiency with proper management, resulting in an average 25% energy savings for connected street lighting systems.

Challenges: Demand for Smart Street Lighting May Be Limited by Cybersecurity Concerns.
Security and privacy issues with lighting systems are expanding along with the proliferation of connected lighting systems equipped with Wi-Fi, Li-Fi, and sensor features. Significant harm could be caused by cyberattacks, including the suspension or cessation of essential services like power and water. Cyberattacks may also result in the acquisition and improper use of private information or video recordings of citizens' activities. Attacks using ransomware have in some instances even prevented city employees from accessing municipal computers and networks, forcing a suspension of operations until significant payments are received.

Street Lighting Market


Market Competitive Landscape
The market for Global Smart Street Lighting is highly competitive. Acuity Brands Inc., CIMCON Lighting, Delta Electronics Inc, Echelon Corporation, GridComm, Guangdong Rongwen Energy Technology Group, InteliLIGHT (Flashnet SA), Itron Inc., Sensus (a Xylem Brand), Signify Holding, Telensa Limited, TVILIGHT Projects BV, Others. These are the some major players in the market.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Component, By Type, By Application
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredAcuity Brands Inc., CIMCON Lighting, Delta Electronics Inc, Echelon Corporation, GridComm, Guangdong Rongwen Energy Technology Group, InteliLIGHT (Flashnet SA), Itron Inc., Sensus (a Xylem Brand), Signify Holding, Telensa Limited, TVILIGHT Projects BV, Others
COVID-19 Impact on Global Smart Street Lighting Market
The market for (smart) street lights has been greatly impacted by the COVID-19 pandemic. The global stagnation of new projects has resulted in a reduction in the demand for analog semiconductors. Global supply chains have been disrupted as workers have stayed at home, making it difficult for factories around the world to adopt new techniques. COVID-19's effects on this market are only momentary because the supply chain and production are both halted. Production, supply networks, and demand for connected (smart) street lights will all progressively rise as things get better.  In order to increase efficiency, this COVID-19 lockdown would encourage businesses to consider more sophisticated connected (Smart) street lights.

Key Target Audience:
  • City Planners and Municipal Authorities
  • Government Agencies and Regulatory Bodies
  • Urban Development and Infrastructure Companies
  • Technology Providers and Suppliers
  • Energy Management and Utility Companies
Our in-depth analysis of the Smart Street Lighting Market includes the following segments:
By Component:
  • Hardware
  • Software
  • Services
  • By Type:
  • Narrowband
  • Broadband
  • By Application:
  • Smart Parking
  • Street Light Management
  • Key Topics Covered in the Report:
    • Global Smart Street Lighting Market Size (FY’2023-FY’2033)
    • Overview of Global Smart Street Lighting Market
    • Segmentation of Global Smart Street Lighting Market By Component (Hardware, Software, Services)
    • Segmentation of Global Smart Street Lighting  Market By Type (Narrowband, Broadband)
    • Segmentation of Global Smart Street Lighting  Market By Application (Smart Parking, Street Light Management)
    • Statistical Snap of Global Smart Street Lighting  Market
    • Expansion Analysis of Global Smart Street Lighting  Market
    • Problems and Obstacles in Global Smart Street Lighting  Market
    • Competitive Landscape in the Global Smart Street Lighting  Market
    • Impact of COVID-19 and Demonetization on Global Smart Street Lighting  Market
    • Details on Current Investment in Global Smart Street Lighting  Market
    • Competitive Analysis of Global Smart Street Lighting  Market
    • Prominent Players in the Global Smart Street Lighting  Market
    • SWOT Analysis of Global Smart Street Lighting  Market
    • Global Smart Street Lighting  Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Smart Street Lighting Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Smart Street Lighting Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Street Lighting Market 

    7. Global Smart Street Lighting Market, By Component (USD Million)
    7.1. Global Smart Street Lighting Market Value Share and Forecast, By Component, 2023-2033
    7.2. Hardware
    7.3. Software
    7.4. Services

    8. Global Smart Street Lighting Market, By Type (USD Million)
    8.1. Global Smart Street Lighting Market  Value Share and Forecast, By Type, 2023-2033
    8.2. Narrowband
    8.3. Broadband

    9. Global Smart Street Lighting Market, By Application (USD Million)
    9.1. Global Smart Street Lighting Market  Value Share and Forecast, By Application, 2023-2033
    9.2. Smart Parking
    9.3. Street Light Management

    10. Global Smart Street Lighting Market Forecast, 2019-2033 (USD Million)
    10.1. Global Smart Street Lighting Market Size and Market Share

    11. Global Smart Street Lighting Market, By Component, 2019-2033 (USD Million)
    11.1. Global Smart Street Lighting Market Size and Market Share By Component (2019-2026)
    11.2. Global Smart Street Lighting Market Size and Market Share By Component (2027-2033)

    12. Global Smart Street Lighting Market, By Type, 2019-2033 (USD Million)
    12.1. Global Smart Street Lighting Market Size and Market Share By Type (2019-2026)
    12.2. Global Smart Street Lighting Market Size and Market Share By Type (2027-2033)

    13. Global Smart Street Lighting Market, By Application, 2019-2033 (USD Million)
    13.1. Global Smart Street Lighting Market Size and Market Share By Application (2019-2026)
    13.2. Global Smart Street Lighting Market Size and Market Share By Application (2027-2033)

    14. Global Smart Street Lighting Market, By Region, 2019-2033 (USD Million)
    14.1. Global Smart Street Lighting Market Size and Market Share By Region (2019-2026)
    14.2. Global Smart Street Lighting Market Size and Market Share By Region (2027-2033)
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America

    15.  Company Profile
    15.1. Acuity Brands Inc.
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. CIMCON Lighting
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. Delta Electronics Inc
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. Echelon Corporation
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. GridComm
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Guangdong Rongwen Energy Technology Group
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. InteliLIGHT (Flashnet SA)
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Itron Inc.
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. Sensus, a Xylem Brand
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Signify Holding
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Telensa Limited
    15.11.1. Company details
    15.11.2. Financial outlook
    15.11.3. Product summary 
    15.11.4. Recent developments
    15.12. TVILIGHT Projects BV
    15.12.1. Company details
    15.12.2. Financial outlook
    15.12.3. Product summary 
    15.13. Others 

    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Street Lighting Market is projected to reach USD 16.76 billion by 2033, growing at a CAGR of 19.46% during the forecast period.
    Street Lighting Market grew in market size from 2022. The Market is expected to reach USD 16.76 billion by 2033, at a CAGR of 19.46% during the forecast period.
    Street Lighting Market CAGR of 19.46% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Street Lighting Market size is USD 16.76 billion from 2023 to 2033.
    Europe Wastewater Treatment Market Segment is covered By Component, By Type, By Application.
    The North America is anticipated to have the highest market share in the Street Lighting Market.
    "The key players in the market include Companies Covered Acuity Brands Inc., CIMCON Lighting, Delta Electronics Inc, Echelon Corporation, GridComm, Guangdong Rongwen Energy Technology Group, InteliLIGHT (Flashnet SA), Itron Inc., Sensus (a Xylem Brand), Signify Holding, Telensa Limited, TVILIGHT Projects BV, Others. "
    Another name for it is adaptive street lighting, which turns on when motion is detected and turns off when none is. In order to ensure better service quality and timely error correction.
    Not able to find what you are looking for? Need customization in the existing report?
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