PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1403783
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1403783
Street Lighting Market Introduction and Overview Introduction and Overview
According to SPER Market Research, 'Smart Street Lighting Market Size- By Component, By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Connected Street Lighting Market is predicted to reach USD 16.76 Billion by 2033 with a CAGR of 19.46%.
"Smart" street lighting is defined as street lighting in public areas that responds to the movements of vehicles, bicycles, and pedestrians. Another name for it is adaptive street lighting, which turns on when motion is detected and off when none is. Real-time detection of maintenance problems and lighting outages by smart street lighting systems guarantees better service quality and timely error correction. This also eliminates the requirement for routine maintenance-related inspections.
The market for (smart) street lights has been significantly impacted by the COVID-19 pandemic. The global slowdown in the development of new projects has resulted in a decrease in the demand for analog semiconductors. Because workers have stayed at home, global supply chains have been disrupted, and factories are finding it difficult to implement new techniques globally.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Component, By Type, By Application
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Acuity Brands Inc., CIMCON Lighting, Delta Electronics Inc, Echelon Corporation, GridComm, Guangdong Rongwen Energy Technology Group, InteliLIGHT (Flashnet SA), Itron Inc., Sensus (a Xylem Brand), Signify Holding, Telensa Limited, TVILIGHT Projects BV, Others
Smart Street Lighting Market Segmentation
By Component: Based on the Component, Global Smart Street Lighting Market is segmented as; Hardware, Software, Services.
By Type: Based on the Type, Global Smart Street Lighting Market is segmented as; Narrowband, Broadband.
By Application: Based on the Application, Global Smart Street Lighting Market is segmented as; Smart Parking, Street Light Management.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.