Connected (Smart) Street Lighting Market to be Worth USD 11.5 Bn by 2031 - By Hardware / Software / Services | U.S. • U.K. • China • India

The global connected (smart) street lighting market is witnessing remarkable growth as governments and municipalities worldwide prioritize energy efficiency, sustainability, and smart infrastructure. The market was valued at US$ 1.3 billion in 2021 and is projected to reach US$ 11.5 billion by 2031, expanding at a compound annual growth rate (CAGR) of 24.1% during the forecast period from 2022 to 2031.

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The strong growth trajectory reflects increasing investments in smart city projects, advancements in Internet of Things (IoT) technologies, and the rising demand for energy-efficient public lighting systems. Smart street lighting solutions provide municipalities with advanced monitoring and control capabilities, significantly reducing electricity consumption and operational costs.

As urbanization continues to accelerate globally, cities are seeking innovative infrastructure solutions to optimize energy usage, improve public safety, and enhance urban mobility. Connected street lighting has emerged as a crucial component of modern urban infrastructure due to its ability to integrate lighting with digital networks and smart city platforms.

Market Overview

Connected smart street lighting refers to lighting systems equipped with sensors, communication modules, and remote management software that enable monitoring, control, and automation of street lights through wired or wireless networks. These systems facilitate two-way communication between lighting infrastructure and central control systems, allowing operators to manage lighting performance in real time.

A typical intelligent street lighting system includes:

• Electronic control components
• LED lighting fixtures
• Energy storage devices
• Communication modules and gateways
• Sensors and monitoring devices
• Cloud-based or centralized management software

Smart street lighting allows municipalities to adjust lighting levels based on environmental conditions such as daylight intensity, traffic flow, weather patterns, and human presence. By utilizing advanced sensors and remote management platforms, operators can control lighting intensity, detect faults, schedule operations, and collect performance data.

These intelligent systems also enable integration with other smart city applications such as:

• Traffic monitoring systems
• Parking management solutions
• Environmental sensors
• Energy metering platforms
• Public safety infrastructure

As cities pursue digital transformation initiatives, connected street lighting is becoming a foundational element of smart urban ecosystems.

Key Market Growth Drivers

Rising Focus on Energy Conservation

Energy efficiency has become a top priority for governments and municipal authorities worldwide. Public lighting often accounts for up to 60% of a municipality's electricity budget, making energy-efficient lighting solutions critical for reducing operational expenses.

Connected smart lighting systems automatically adjust brightness levels based on time of day and environmental conditions. This dynamic control significantly reduces electricity consumption and helps municipalities meet sustainability targets.

In addition, the adoption of LED lighting combined with smart connectivity drastically lowers carbon emissions, contributing to global climate goals.

Growth of Smart City Initiatives

The rapid development of smart city infrastructure across major economies is a major driver of the connected street lighting market. Governments are investing heavily in intelligent urban solutions that improve efficiency, reduce costs, and enhance citizen services.

Connected lighting networks serve as digital platforms capable of supporting multiple smart city applications, including:

• Traffic monitoring
• Environmental sensing
• Public Wi-Fi networks
• Smart parking systems
• Emergency response services

As smart city investments continue to grow, the demand for connected street lighting infrastructure is expected to rise significantly.

Increasing Adoption of IoT Technologies

The proliferation of Internet of Things (IoT) technologies is transforming traditional lighting systems into intelligent networks capable of real-time communication and automation.

IoT-enabled street lighting provides several benefits, including:

• Remote monitoring and control
• Predictive maintenance
• Data analytics for energy optimization
• Fault detection and automated alerts

These capabilities enable municipalities to manage large-scale lighting networks efficiently while reducing maintenance costs and improving service reliability.

Shift Toward LED Lighting Solutions

The transition from conventional lighting technologies such as incandescent and high-pressure sodium (HPS) lamps to LED lighting is accelerating market growth. LED lights offer superior energy efficiency, longer lifespan, and lower maintenance requirements compared to traditional lighting systems.

Government regulations banning inefficient lighting technologies have further accelerated the adoption of LEDs, which serve as the foundation for connected smart lighting systems.

Analysis of Key Players - Key Player Strategies

The global connected smart street lighting market is highly fragmented and includes several lighting manufacturers, technology providers, and IoT platform developers. Major companies are focusing on innovation, partnerships, acquisitions, and product development to strengthen their market presence.

Leading companies operating in the market include:

• Advanced Micro Devices, Inc.
• Delta Electronics, Inc.
• Dimonoff Inc.
• Echelon
• EYE Lighting International
• Fagerhults Belysning AB
• Flashnet S.A. (InteliLIGHT)
• GE Current (Current Lighting Solutions, LLC)
• GMR Enlights s.r.l.
• gridComm
• Hubbell
• Intermatic Incorporated
• Itron Inc.
• LSI Industries Inc.
• PLC Multipoint
• Quantela, Inc.
• Reliance Jio Infocomm Ltd.
• Schréder
• Sensus
• Signify Holding
• Suzhou Rongwen Group
• Telensa Inc.
• Toshiba Lighting & Technology Corporation
• TVILIGHT Projects B.V.
• Ubicquia, Inc.

Key players are investing significantly in research and development to introduce advanced lighting technologies with improved connectivity, data analytics, and energy management capabilities.

Companies are also focusing on expanding their product portfolios by integrating advanced communication technologies such as NB-IoT, LoRaWAN, and cellular connectivity into lighting systems.

Market Challenges & Opportunities

Challenges

Despite the strong growth outlook, several challenges may hinder market expansion.

One of the primary challenges is poor infrastructure in developing economies. Many emerging markets lack the necessary network infrastructure and internet connectivity required to support connected lighting systems.

Additionally, the high initial costs associated with smart lighting deployment and retrofitting existing infrastructure can discourage municipalities from adopting these solutions in the short term.

Traditional lighting systems are still widely used in many developing countries due to budget constraints and limited technological readiness.

Opportunities

However, long-term opportunities remain significant.

The increasing adoption of wireless connectivity technologies such as NB-IoT, LTE-M, and LoRaWAN is enabling scalable and cost-effective deployment of smart lighting networks.

Furthermore, the integration of street lighting with smart city applications presents substantial opportunities for vendors and technology providers.
Emerging economies are also expected to witness rapid growth as governments increase investments in urban infrastructure and digital transformation initiatives.

Key Player Strategies

Market participants are implementing several strategic initiatives to maintain competitiveness and expand their global footprint.

Research and Development

Companies are investing heavily in research and development to develop advanced smart lighting solutions with improved efficiency, connectivity, and automation capabilities.

Strategic Partnerships

Collaborations between lighting manufacturers, telecom operators, and smart city solution providers are becoming increasingly common. These partnerships enable companies to offer integrated solutions that combine lighting, connectivity, and data analytics.

Product Innovation

Innovation remains a key strategy for market leaders. Vendors are introducing new lighting systems equipped with sensors, wireless connectivity modules, and cloud-based management platforms.

Mergers and Acquisitions

Acquisitions and strategic investments allow companies to expand their technology capabilities and strengthen their market position.

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Recent Developments

In 2022, Telensa Holdings Ltd., a U.K.-based expert in wireless monitoring and control systems for smart cities, launched its new 'hybrid' network architecture to support its connected street light solutions. The company enhanced its UNB radio technology network with cellular connectivity to offer customers a highly versatile solution supported by a single management system and user interface.

In July 2021, Signify acquired Telensa Holdings Ltd. to add a narrow-band and TALQ-compliant solution to its feature-rich, open and secured systems

In July 2021, Itron, Inc. announced that Grid4C's Grid Edge AI application is a part of its expanding ecosystem of distributed intelligence (DI) applications. Grid4C has successfully installed its Grid Edge AI app in Itron's Raleigh DI Lab

In 2019, Philips Lighting launched a new wireless connected lighting system

Investment Landscape and ROI Outlook

Investment activity in the connected smart street lighting market is increasing rapidly as governments and private organizations recognize the long-term benefits of intelligent lighting infrastructure.

Municipalities are investing in smart lighting systems to reduce electricity consumption and operational expenses. In many cities, lighting accounts for a large portion of municipal energy budgets, making smart lighting an attractive investment with strong return potential.

Smart street lighting solutions offer several financial benefits, including:

• Reduced energy consumption
• Lower maintenance costs
• Longer equipment lifespan
• Improved operational efficiency

These benefits allow cities to achieve a positive return on investment within a few years of deployment.

Public-private partnerships and government funding programs are also playing an important role in accelerating market adoption.

Market Segmentations

By Component
• Hardware
o Light Sources
o Nodes
o Power Drivers
o Ballast
o Sensors and Detectors
o Lighting Controllers
o Communication Modules
o Gateways
o Others
• Software
• Services

By Connectivity
• Wired
• Wireless
o GSM (2G, 3G, 4G)
o NB-IoT
o LTE-M
o LoRaWAN
o Sigfox
o ZigBee
o Digi
o Wi-SUN
o Others

By Sales Channel
• Direct
• Indirect

By End-use Industry
• Government
• Commercial
• Industrial
• Residential

By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Europe is expected to dominate the global market due to strong sustainability regulations and widespread adoption of energy-efficient lighting technologies. Meanwhile, Asia Pacific is anticipated to experience rapid growth driven by increasing urbanization and smart city initiatives.

Why Buy This Report?

This report provides comprehensive insights into the global connected smart street lighting market and helps stakeholders make informed strategic decisions.

Key benefits include:

• Detailed analysis of market trends and growth drivers
• Comprehensive evaluation of market segmentation
• Insights into regional market dynamics
• Competitive landscape analysis of major companies
• Strategic recommendations for market participants
• Forecast analysis up to 2031

The report serves as a valuable resource for investors, technology providers, lighting manufacturers, government agencies, and urban planners involved in smart city development.

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FAQs

1. What is connected smart street lighting?
Connected smart street lighting refers to intelligent lighting systems equipped with sensors, communication technologies, and centralized management platforms that allow remote monitoring and control of street lights.

2. What is the expected market size of the connected smart street lighting market by 2031?
The market is projected to reach US$ 11.5 billion by 2031, growing at a CAGR of 24.1% from 2022 to 2031.

3. What factors are driving market growth?
Key growth drivers include increasing smart city initiatives, rising demand for energy-efficient lighting, advancements in IoT technologies, and the global transition to LED lighting systems.

4. Which region dominates the connected smart street lighting market?
Europe is expected to dominate the market due to strong sustainability policies and widespread adoption of smart city technologies.

5. Who are the major players in the market?
Major companies operating in the market include Signify Holding, Itron Inc., Telensa Inc., Delta Electronics, Schréder, GE Current, Quantela, and Reliance Jio Infocomm Ltd.

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