Global Connected Street Lighting and Smart Lamp Poles Market, Forecast to 2024
Connected Street Lighting to Create a ‘Multi Service Platform’ for Smart City Applications
09-Aug-2018
Global
Market Research
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Upgrading public street lights to LED lights alone is not enough to achieve desirable energy savings. Therefore networked, adaptive street lighting solutions have emerged as a leading smart city application. Although replacing existing street lights with LED lamps could cut down cities' electricity costs by 50%, networking these LEDs can deliver additional energy savings and bring down payback period to less than 6 years. The connected street lighting solution, which is enabled by IoT and cloud, provides an ideal platform for multiple smart city services including lighting control and energy optimization, traffic control and smart parking, environmental monitoring and analysis, public safety and security, EV charging, and digital signage and communication.
Frost & Sullivan has been continuously tracking the evolution of outdoor lighting – from conventional sodium-vapour lamps to networked LED lighting. We have explored the driving forces and challenges to implement connected street lighting infrastructure along with a number of applications that can be hosted through street lights, discussing use cases, benefits and potential business models. However, for the purpose of market sizing and assessment, Frost & Sullivan considers a lamp post to be ‘smart’ if it is equipped with LED lamps and intelligent controls along with other hardware units that cater to one or more use cases for smart city applications. This study does not cover non-LED lamp post as they are not suitable for implementation of connected street lights or smart lamp posts. The cost of connected street lighting infrastructure include the cost of lamp post, hardware units, software application for remote management, and associated services including hardware installation, deployment services, and software implementation cost.
Frost & Sullivan has estimated the global connected street lighting and smart lamp poles market to expand at a rate of 33.1% from 2017 to 2024. The market was evaluated at $1954.4 million in 2017. In terms of volume, the global connected street lighting and smart lamp poles market are expected to grow at a rate of 40.3% from 2017 to 2024.
In terms of geography, the global connected street lighting and smart lamp poles market is segmented in as: North America (US & Canada), Europe, APAC ( India, China, Japan, South Korea, Southeast Asia, Australia & New Zealand), Middle East and Africa, and rest of the world (Commonwealth of Independent States and Latin America).
Key Issues Addressed
- Is the market growing? How long will it continue to grow, and at what rate?
- What is the actual market for connected street lighting and smart lamp poles? What is the current and future penetration of connected street lighting?
- Who are the stakeholders in connected street lighting and smart lamp poles?
- What are the current use cases in connected street lighting and smart lamp poles? Which are the cities have implemented it?
- What are the growth opportunities and critical success factors for participants to compete in this market?
CEO’s 360 Degree Perspective
3 Big Predictions
Associated Research and Multimedia on Building Energy Management
Market Definition
Market Definition (continued)
Market Definition (continued)
Key Questions this Study will Answer
Market Drivers
Key Drivers Summary
Key Drivers Summary (continued)
Market Restraints
Key Restraints Summary
Regional Trends for Connected Street Lighting
Forecast Assumptions
Revenue Forecast and Unit Deployment
Pricing Trends
Pricing Discussion
Percent Revenue and Revenue Forecast by Region
Penetration Analysis
Connected Street Lighting and Smart Lamp Poles—Key Stakeholders
Key Collaborations
Key Companies Offering of Connected Street Lighting and Smart Lamp Poles Infrastructure
Key Companies Offering of Connected Street Lighting and Smart Lamp Poles Infrastructure (continued)
Results of Smart Lamp Post Survey Conducted by EIP-SCC in Europe—138 Cities (Respondents)
Global Use Cases
Case Study 1—Glasgow City Council, The United Kingdom
Case Study 2—Oslo, Norway
Case Study 3—Exeter and Devon City Council, The United Kingdom
Case Study 4—Kansas City, The United States
Case Study 5—Copenhagen, Denmark
Case Study 6—New York, The United States
Case Study 7—Munich, Germany
Case Study 8—New York, USA
Growth Opportunity 1—LED Street Lights
Growth Opportunity 2—Networked LED Street Lights
Growth Opportunity 3—IoT-enabled Products
Growth Opportunity 4—Data Analytics and Cloud
Strategic Imperatives for Success and Growth
Legal Disclaimer
Abbreviations and Acronyms
List of Exhibits
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
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Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Author | Anirudh Bhaskaran |
Industries | Environment |
WIP Number | 9AAF-00-51-00-00 |
Is Prebook | No |
GPS Codes | 9343-A4,9596,9835-A4,9B07-C1,GETE |