Connected (Smart) Street Lights with Li-Fi: Technology and Evolutions in the Smart City | Market Size, Share, Growth, Trends and Forecast upto 2025

Connected (Smart) Street Lights - The Next Milestone For Smart Cities

The ability of Connected (Smart) Street Lights to address the imperfections of traditional street lights. Traditional lighting systems which are at present the de facto standard for street lighting is associated with configuration challenges, extraordinary cost, and interoperability issues that smart street lights can address.

With the moderate pace of advancement of technologies that are used in smart street lights and the incessant demand for sustainable lighting solutions has led to considerable penetration of smart street lights across several cities in developed regions.

The adoption of smart street light is particularly gaining traction in urban areas for efficient lighting solutions. Another factor responsible for contributing to the market includes betterment of urban communities in some countries. Governments as well as private organizations in these communities are making efforts to obtain the maximum efficiency of smart street light solutions.

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Connected (Smart) Street Lights as a Li-Fi Network

If you are wondering about the term Li-Fi itself, the term Li-Fi or Light Fidelity is a wireless optical networking technology uses LEDs for data transmission and which is 100 times faster than traditional WiFi. In the future we will not only have bn's light bulbs, we may have billion's of LiFis deployed worldwide for a cleaner, greener and brighter future.

In order to invest in smart street light technology, all you need to figure out is which companies are investing money in that technology. Some of the leading players in the smart street light market include Telensa, Osram, Philips, General Electric, Wipro and others.

Market Survey

A report by Transparency Market Research forecasts the global connected (smart) street lights market to display an outstanding 16.0% CAGR in terms of revenue over the forecast period between 2017 and 2025. The market was evaluated at US$3,712.5 mn in 2016. Vis-à-vis volume, the global connected (smart) street lights market is likely to expand at a CAGR of 20.1% from 2017 to 2025.

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Wireless Connectivity Segment to Display Augmented Share in Future

The report studies the global connected (smart) street lights market on the basis of connectivity, component, and geography. On the basis of connectivity, the global connected (smart) street lights market is bifurcated into wired and wireless. The segment of wired connectivity includes various wireless technologies, whereas wireless connectivity includes power line communication.

Of the two, wireless connected (smart) street light segment accounts for a significant share of the global market. Going forward, the share of wireless connected (smart) street light segment is expected to further grow in the overall market.

The segments of the global connected (smart) street lights market depending upon component are hardware, software, and services. The segment of hardware is further sub-segmented into sensors, controllers/relays, and others.

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Powered by China and India, Asia Pacific to Display Leading CAGR between 2017 and 2025

The global connected (smart) street lights market by geography is studied across North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Amongst all, Europe presently holds the leading share in the global connected (smart) street lights market followed by North America. Utility companies and government agencies in these regions have gauged the advantages of connected (smart) street lighting solutions for reducing energy consumption that has economic benefits.

Moreover, regulations and energy policies strictly in place in to limit energy consumption are boosting the adoption of connected (smart) street lights in these regions. The adoption of connected (smart) street lights also addresses the cost factor of traditional lighting to some extent which is high in Europe and North America.

Asia Pacific is expected to display the leading CAGR of 18.6% on the basis of revenue between 2017 and 2025. The growth in this region is driven by the increasing demand for LEDs in a bid to reduce energy consumption and to reduce overall operational costs. China and India are expected to emerge as key domestic markets that will contribute substantially to the overall growth in Asia Pacific.

Prominent participants in the global connected (smart) street lights market are Acuity Brands Lighting Inc., EnGo PLANET, Schreder Group, Telensa Ltd., Twilight Citelum S.A., Flashnet SRL, OSRAM Licht Group, Toshiba Lighting, Dimonoff Inc., General Electric Co., Philips Lighting N.V., Echelon Corporation, Led Roadway Lighting Ltd, and Silver Springs Network Inc.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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