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Smart/Connected Street Lights Market Competitive Analysis by 2025 : General Electric, Telensa, Tech Mahindra, Osram, Wipro, Philips, Echelon Corporation, Tvilight, Verizon Enterprise

04-05-2019 12:31 PM CET | IT, New Media & Software

Press release from: TMR Research

Smart/Connected Street Lights Market Competitive Analysis

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.

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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.

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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.

About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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TMR Research,
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San Francisco, CA 94121
United States
Tel: +1-415-520-1050

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