Smart Street Lighting Market: Current Analysis and Forecast (2023-2030)

Smart street lighting is a system of streetlights that are connected to a network and have sensors and actuators installed. These streetlights offer various capabilities and connectivity interfaces. They make use of advanced sensors, actuators, and communication infrastructure to illuminate roads, highways, parking areas, and public spaces.

One of the key drivers for adopting smart street lighting is the potential for energy savings. With the integration of technologies like LED lighting and motion sensors, smart street lighting systems can adjust brightness levels based on real-time conditions, reducing energy consumption significantly. Further, the growing emphasis on sustainable solutions is driving the adoption of smart street lighting. By reducing energy consumption and carbon emissions, these systems contribute to urban sustainability goals and promote greener cities. In addition, various public-private partnerships to install smart street lighting in cities are further propelling its market growth. For instance: In 2022, Chicago completed city city-wide smart street lighting program in the United States that will reduce electricity usage and cut energy costs in half for the city.

Based on the lamp type, the smart street lighting market is classified into LED, CFL, Incandescent, and others. The LED segment caters to significant demand in 2022. Factors such as LED offers a longer lifetime, lower energy consumption, and reduced maintenance cost when compared with conventional street lighting systems. Furthermore, LED technology provides better light quality with its high color rendering index, which enhances visibility and improves the overall perception of surroundings at night. This can contribute to increased safety for pedestrians and drivers.

Based on connectivity, the smart street lighting market is bifurcated into wired and wireless. The wired segment holds a major share of this market. Smart street lighting systems utilize wired connectivity to create a network of interconnected lights. This wired infrastructure allows for seamless communication and control between individual streetlights and the central management system.

Based on energy sources, the smart street lighting market is categorized into traditional and other renewable energy and solar. The traditional and renewable energy segment caters to significant demand in the market. Smart street lighting involves the integration of advanced technologies with street lighting systems to enhance energy efficiency and overall functionality. When it comes to the energy sources for smart street lighting, a combination of traditional and renewable energy can be utilized. Therefore, by combining traditional energy sources with renewable options, smart street lighting can maximize efficiency and minimize carbon emissions.

For a better understanding of the market adoption of the smart street lighting industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific), Rest of World. Smart street lighting in the Asia Pacific region has seen significant growth and adoption in recent years. This technology combines energy-efficient lighting solutions with intelligent systems to enhance lighting infrastructure. Several countries have implemented smart street lighting initiatives. For example, Singapore has launched multiple pilot projects to test and deploy intelligent lighting systems. These projects focus on energy efficiency, remote monitoring, and adaptive lighting control. Other countries in the Asia Pacific region, such as South Korea, Australia, and China, are also embracing smart street lighting solutions to improve urban sustainability and enhance public safety.

Some of the major players operating in the market include Acuity Brands Lighting Inc., EnGo Planet Energy Solutions Inc, Bridgelux, Inc., Cree Lighting, Eaton, General Electric, Itron, Inc., Siemens AG, Telensa Ltd, and Signify Holding.