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Key Strategic Developments and Emerging Changes Shaping the Smart Street Lighting Market Landscape
Smart Street Lighting Market
Projected Market Size and Growth Trajectory of the Smart Street Lighting Market
The smart street lighting market is forecasted to experience significant growth, reaching a valuation of $7.49 billion by 2030. This corresponds to an impressive compound annual growth rate (CAGR) of 20.4%. The surge is largely driven by the widespread adoption of connected streetlight platforms and a rising demand for lighting systems powered by renewable energy sources. Additionally, the expansion of smart city projects globally, advancements in sensor-based environmental monitoring, and the development of sophisticated traffic optimization technologies contribute to this rapid market growth. Key trends anticipated during this period include the proliferation of IoT-enabled street lighting networks, increased use of energy-efficient LED smart lighting, the emergence of autonomous lighting control systems, progress in AI-driven urban monitoring, and integration with smart mobility and traffic management platforms.
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Leading Companies Driving Innovation and Market Presence in Smart Street Lighting
Several prominent companies dominate the smart street lighting market landscape, including Hubbell Lighting Inc., GE Lighting, Osram Licht AG, Koninklijke Philips N.V, Acuity Brands Lighting Inc., Eaton Corporation PLC, Schneider Electric SE, CREE Inc., Signify Holding, Telensa Limited, Itron Inc., Suzhou Rongwen KubAI Lighting Systems Co. Ltd., DimOnOff, Echelon Corp., SYSKA LED Lights, Rongwen Group, Havells Ltd., Tvilight Smart City Lighting, Petra Systems Inc., ShanghAI Sansi Technology Co. Ltd., Zumtobel Group, Flashnet, TVILIGHT Projects B.V., Bridgelux Inc., Liveable Cities, and Quantela.
Recent Partnerships Enhancing Smart Lighting Capabilities
In April 2025, Signify, based in the Netherlands and known for its smart lighting systems and IoT-enabled luminaires, joined forces with Cornerstone to deploy a city-wide, multi-operator wireless network integrated within street lighting infrastructure. This collaboration aims to extend Signify's smart street lighting solutions by adding multi-operator wireless connectivity, thereby boosting technological capabilities and broadening its role within smart city ecosystems. Cornerstone, a UK-based company, specializes in multi-operator wireless networks and neutral-host connectivity solutions that support smart city projects and telecommunications networks.
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Emerging Trends Shaping the Future of Smart Street Lighting
To maintain competitive advantage, leading firms are increasingly launching connected streetlight platforms that enable remote monitoring, control, and data management of urban lighting systems. For example, in October 2023, UK-based smart lighting provider Telensa introduced "Tech-neutral," a connected streetlight platform designed to optimize energy savings and streamline asset management. This platform employs a hybrid approach, seamlessly integrating radio and cellular wireless technologies that can be managed interchangeably from a centralized dashboard. By offering enhanced flexibility, Tech-neutral allows customers worldwide to implement customized smart street lighting solutions tailored to their specific needs.
Detailed Segment Analysis of the Smart Street Lighting Market
This report categorizes the smart street lighting market into several segments for a comprehensive understanding of its scope:
1) By Type: Light Emitting Diode (LED), Compact Fluorescent Lamps (CFL), Incandescent, and Other Types.
2) By Communication Technology: Narrowband IoT (NB-IOT), Powerline Communication, Radio Frequency, and other communication technologies.
3) By Energy Source: Traditional and other renewable energy sources, and Solar power.
4) By Application: Environmental monitoring, traffic optimization, smart parking, and other applications.
5) By End User: Commercial, residential, and industrial sectors.
Further subsegments include:
- LED: Standard LED and Smart LED
- CFL: Standard CFL and Smart CFL
- Incandescent: Standard Incandescent and Smart Incandescent
- Other types: Solar-powered lights, High-Intensity Discharge (HID) lights, and Induction lamps.
This segmentation highlights the diverse technologies and applications fueling the smart street lighting market's rapid development and broad adoption across different sectors.
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