Connected (Smart) Street Lighting Market Size & Share [Component (Hardware, Software, Services), Connectivity (Wired, Wireless], Regional Forecast, Industry Players, Growth Statistics Report 2023-2032

Market Outlook:

Connected Street Lighting Market size surpassed USD 1.23 Billion in 2022 and is poised to reach USD 12.65 Billion, growing at over 27.71% CAGR between 2023 and 2032. The market is driven by the increasing demand for energy-efficient lighting solutions, advancements in smart city infrastructure, and the need for cost-effective lighting management systems. With the rising focus on sustainability, governments and municipalities are embracing connected street lighting solutions to reduce energy consumption and enhance public safety.

• Base Year Value (2022): USD 1.23 Billion
• CAGR (2023-2032): 27.71%
• Forecast Year Value (2032): USD 12.65 Billion
• Historical Data Period: 2019-2021
• Largest Region: North America
• Forecast Period: 2023-2032

Market Dynamics:

Growth Drivers & Opportunities:

1. Energy Efficiency: Connected street lighting systems offer significant energy savings compared to traditional lighting solutions. The integration of smart technologies, such as sensors and remote monitoring systems, enables efficient management and optimization of lighting levels, resulting in reduced energy consumption and greenhouse gas emissions.

2. Demand for Smart City Infrastructure: The ongoing trend of urbanization and the need for sustainable urban development have fueled the adoption of smart city initiatives globally. Connected street lighting is a crucial component of smart city infrastructure, enabling improved management of lighting assets, enhanced public safety, and enhanced quality of life for citizens.

3. Cost Savings and Maintenance Optimization: Connected street lighting systems provide cost-saving opportunities by enabling remote monitoring and control of lighting assets. The ability to identify faulty or malfunctioning lights in real-time allows municipalities to optimize maintenance activities, ensuring quick response times and minimizing downtime.

 

Industry Restraints & Challenges:

Report Scope

Report Coverage	Details
Segments Covered	Component, Connectivity, Sales Channel, End-Use Industry
Regions Covered	• North America (United States, Canada, Mexico)   • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)   Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)   • Latin America (Argentina, Brazil, Rest of South America)   • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Advanced Micro Devices,, Delta Electronics,, Dimonoff, 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, LSI Industries, PLC Multipoint, Quantela,, Reliance Jio Infocomm., Schréder, Sensus, Signify Holding, Suzhou Rongwen Group, Telensa, Toshiba Lighting & Technology, TVILIGHT Projects B.V., Ubicquia,

1. Initial Investment Costs: The deployment of connected street lighting systems requires significant upfront investment, including the installation of network infrastructure, smart lighting fixtures, and control systems. This initial cost can be a barrier for budget-constrained municipalities and governments.

2. Cybersecurity Concerns: The integration of IoT devices and network connectivity in connected street lighting systems introduces potential cybersecurity vulnerabilities. Ensuring robust security measures and protocols to safeguard against cyber threats and unauthorized access is crucial.

3. Infrastructure Limitations: The implementation of connected street lighting systems may face infrastructure limitations, especially in developing countries or older cities. The absence of reliable internet connectivity or outdated electrical grids can pose challenges for deploying and managing smart lighting solutions.

In conclusion, the connected street lighting market holds promising growth prospects driven by the need for energy-efficient solutions, smart city initiatives, and cost-saving opportunities. However, industry restraints such as high upfront costs, cybersecurity concerns, and infrastructure limitations must be addressed to fully leverage the benefits of connected street lighting systems.

Regional Forecast:

North America:

The North America region is expected to experience substantial growth in the connected street lighting market. Factors such as the increasing focus on energy efficiency, government initiatives, and the presence of key market players are driving the market in this region. Additionally, the rising adoption of smart city initiatives and advancements in IoT technology are expected to further propel the market growth in North America.

Asia Pacific:

The Asia Pacific region is anticipated to witness significant growth in the connected street lighting market during the forecast period. Rapid urbanization, coupled with favorable government initiatives promoting smart city projects, is driving the market growth in this region. Furthermore, the increasing need for energy-efficient lighting solutions and the adoption of IoT-based street lighting systems are fueling the market demand in Asia Pacific.

Europe:

Europe is projected to hold a significant share in the connected street lighting market. The advancements in smart city infrastructure, stringent energy regulations, and the presence of major industry players are contributing to the market growth in this region. Moreover, the increasing demand for sustainable and eco-friendly lighting solutions is boosting the adoption of connected street lighting systems in Europe.

Segmentation Analysis:

Street Lighting Segment:

In the street lighting segment, connected street lighting solutions have gained significant popularity. These solutions offer smart control systems and sensors that enhance the efficiency and performance of street lighting. Connected street lighting systems utilize IoT technology to enable remote monitoring and control, real-time energy management, and automated maintenance. The integration of various sensors such as motion sensors, ambient light sensors, and occupancy sensors allows efficient lighting management, resulting in energy savings and improved public safety.

Competitive Landscape:

The connected street lighting market is highly competitive, with several key players operating globally. These players continuously focus on technological advancements and strategic collaborations to strengthen their market position. Prominent market players include:

1. Philips Lighting

2. General Electric Company

3. Cisco Systems Inc.

4. Honeywell International Inc.

5. Osram GmbH

6. Schneider Electric SE

7. Acuity Brands Lighting, Inc.

8. Telensa Ltd.

9. Silver Spring Networks

10. Toshiba Lighting