Connected Street Lighting Market 2021 Value with Status and Global Analysis - General Electric Company, Cree Inc., Signify Holding B.V., OSRAM GmbH, Eaton Corporation PLC, Hubbell Inc

The Connected Street Lighting Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also provides an analysis of the impact of the COVID-19 pandemic on Connected Street Lighting Industry.

The connected street lighting market is expected to witness a CAGR of 29.68% over the forecast period from 2021 - 2026.

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Top Leading Companies of Global Connected Street Lighting Market are General Electric Company, Cree Inc., Signify Holding B.V., OSRAM GmbH, Eaton Corporation PLC, Hubbell Inc., Thorn Lighting (Zumtobel Group), Echelon Corporation, DimonOff Inc., LED Roadway Lighting Ltd, Acuity Brands Inc., Syska LED Lights Pvt. Ltd, Telensa Limited, Itron Inc., Schindler Group and others.

Industry News and Updates:

- May 2020 - G.E. announced that it had signed a definitive agreement to sell its Lighting business to Savant Systems, Inc., a player in the professional, smart home space. The proposed transaction includes a long-term licensing agreement for the use of the G.E. brand. The deal is subject to customary closing conditions and is expected to close within mid-2020. As of latest update in July 2020, the deal was completed.
- March 2020 - Signify Holding B.V. announced the acquisition of Cooper Lighting Solutions from Eaton for USD 1.5 billion. With this acquisition, the company planned to focus on the innovation of connected lightings and systems. This is estimated to drive the revenue growth of the company in the North American market, with an aimed increase in professional revenues from 42% to 53%.

Key Market Trends:

Increasing Investments in Smart Cities to Drive the Market

- With the expanding population around the world, an increase in the number of people living in urban areas, including the overall growth of the urban population (81% of the total population that is living in cities) is one of the major drivers for the adoption of smart and intelligent solutions. The primary reason for the growth of modern cities is that smart cities need an effective solution for managing city resources. Governments across various countries are collaborating and partnering with each other to transform into a collaborative and integrated service delivery model from the traditional silo-based model. As the connected street lights market is directly related to the number of smart city projects, a more significant amount of smart cities worldwide would result in a higher demand for connected street lights.
- Many economies are undertaking various smart city initiatives and view smart street lighting as an ideal starting point, which provides energy savings and operational savings. It provides real-time visibility and control with intelligent city management software. For instance, in February 2019, the European Union adopted new guidance on roadway lighting installations. In August 2019, the European Commission sanctioned EUR 82 million for 20 smart city projects, to design solutions for urban security, digital transition, urban land use, and urban poverty. In July 2019, as part of its long-term ambition to become a 'Smart City,' Leeds City Council in the United Kingdom moved forward with its program to upgrade its streetlights to make them more energy-efficient.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Connected Street Lighting Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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– Free country Level analysis for any 5 countries of your choice.
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