Increasing Adoption of Smart LED Street Lighting Owing to Cost-Efficiency and Sustainability

Significant growth in transportation infrastructure including roads and highways to provide better connectivity is leading to the growing demand for better street lighting system ensuring better visibility and safety. In recent years, advancement in technology and development of smart cities has resulted in the wide adoption of connected street lighting. Smart LED street lighting has emerged as a sustainable and cost-effective option for cities with limited use of energy along with the data sharing capability on energy use. Moreover, smart LED street lighting comprises of advanced features making it reliable, eco-friendly, and efficient to use.

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The smart LED street lighting system uses sensors and Internet of Things (IoT), these technologies help in saving energy by turning off the light during day time, while some of these also dim the light in absence of person nearby. This also helps to reduce the spending on street lighting along with energy-efficiency. Smart LED street lighting is witnessing increasing adoption globally as it reduces energy use, offers remote management, thereby, lowering the maintenance and operating expenses, and reduces carbon-dioxide emission leading to sustainability.

According to a latest study, smart street lighting systems are being integrated with sensors and control units in lamps or lamp poles, enabling transmission of data to the central controlling system, thereby, offering two-way communication along with the real-time information. In this way, the data obtained through smart street lighting system can help to detect energy consumption and also helps to replace lamps that have stopped working. In addition, real-time data from smart street lighting system also helps in monitoring various parameters such as temperature, current, light, voltage, etc., to rapidly respond to the outages and other system issues. The study also estimates, renewable energy to gain popularity as the energy source for smart street lighting.

With governments across countries and businesses realizing the need to smart LED street lighting to reduce energy consumption and reduce greenhouse gas emission has led to the increasing investment in smart street lights. According to a new study, authorities across developed nations such as North America and Europe are increasingly investing in smart LED lighting system as an addition to the step towards smart cities. Moreover, longevity, cost effective in the long run, and eco-friendly are some of the important benefits offered by smart street lighting, resulting in increasing adoption.
In recent years, many smart street lighting manufacturers have entered into a partnership with governments across various countries in order to deploy a smart street lighting system on a large scale. For instance, in 2018, Telensa was selected by the Hong Kong Highways Department to deploy smart street lighting system as the part of the pilot program led by South King-Kum Shing JV to replace 600 street lights with wireless LED lights. Recently, the company has also been selected by the City of Darwin for the smart street lighting project.

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According to the latest study, smart street lighting market is expected to bring in nearly US$ 4,300 million by the end of 2026. Despite offering multiple benefits leading to the wide adoption of smart street lighting, challenges still prevail in the market such as cities with a tight spending budget, streetlight ownership models, poor connectivity, and data security are some of the barriers in adoption of smart street lighting systems.

Table Of Content
1. Global Outlook
2. Global Smart Street Lighting Market - Executive Summary
3. Global Smart Street Lighting Market Overview
4. Global Smart Street Lighting Market Analysis and Forecast 2012-2026
5. North America Smart Street Lighting Market Size and Forecast, 2012-2026
6. Latin America Smart Street Lighting Market Size and Forecast, 2012-2026
7. Europe Smart Street Lighting Market Size and Forecast, 2012-2026
8. Japan Smart Street Lighting Market Size and Forecast, 2012-2026
9. APEJ Smart Street Lighting Market Size and Forecast, 2012-2026
10. MEA Smart Street Lighting Market Size and Forecast, 2012-2026
11. Global Smart Street Lighting Market Company Share, Competition Landscape and Company Profiles
12. Research Methodology
13. Secondary and Primary Sources
14. Assumptions and Acronyms
15. Disclaimer

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