Smart Street Lighting
Smart Street Lighting Market by Type (CFL, Incandescent, LED), Connectivity (Wired, Wireless), Energy Source, Application - Global Forecast 2024-2030
360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the smart street lighting market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[194 Pages Report] The Smart Street Lighting Market size was estimated at USD 886.80 million in 2023 and expected to reach USD 1,055.60 million in 2024, at a CAGR 19.12% to reach USD 3,019.52 million by 2030.

Smart street lighting refers to the use of advanced technologies and solutions to manage and control street lighting networks more efficiently. These systems enable remote monitoring, control, and adjustment of light intensity and are often integrated with sensors and connectivity solutions to optimize energy use, reduce operational costs, enhance public safety, and minimize environmental impact. The major drivers of smart street lighting include the global push towards energy conservation, the rising adoption of IoT (Internet of Things) technologies in urban infrastructure, increasing awareness about carbon footprint reduction, and the growing demand for intelligent solutions for urban safety and infrastructure management. Additionally, government initiatives supporting smart city projects have significantly propelled the demand for smart street lighting solutions. However, the implementation of smart street lighting faces several hurdles. High initial installation costs, cybersecurity concerns, the complexity of integrating with existing infrastructure, and the need for technical expertise to manage and maintain advanced lighting systems are among the primary challenges. Additionally, issues related to data privacy and the interoperability of different systems and standards can further complicate deployment efforts. Nevertheless, smart street lighting presents numerous opportunities. The continuous advancements in IoT, AI (Artificial Intelligence), and energy-efficient LED lighting open up possibilities for innovative applications and services, such as traffic management, environmental monitoring, and enhanced urban safety. Moreover, the data collected by smart lighting systems can provide valuable insights for urban planning and development, creating a foundation for smarter, more sustainable cities.
Regional Insights

The global smart street lighting market is driven by significant investments in smart city projects, energy conservation initiatives, and urban infrastructure modernization. In the United States, municipalities are enhancing energy efficiency and public safety through smart lighting systems. Canada is focusing on sustainability by integrating smart lighting with government grants. European countries such as Germany and the Netherlands lead in adopting green technologies due to stringent regulations. The Middle East, including the UAE and Saudi Arabia, incorporates smart lighting in their Vision 2030 plans to build sustainable urban environments. African nations such as South Africa and Egypt are gradually adopting these solutions, primarily to improve public safety and reduce energy costs. China and India are rapidly integrating advanced lighting systems as part of their urbanization and smart city initiatives. Major countries involved in trade activities include the United States, Canada, Germany, and China, each significant in exporting and importing smart street lighting technologies. Emerging markets such as Brazil and Mexico focus on urban modernization, providing substantial growth opportunities. The Asia-Pacific region values energy efficiency and sustainability, with consumer purchasing behavior influenced by government subsidies and long-term cost savings. In the Americas, the need for technological advancement and public safety drives adoption. EMEA consumers emphasize innovation and environmental compliance.

The smart street lighting market is experiencing growth driven by various regulatory frameworks across different geographies. In North America, the U.S. Department of Energy and Natural Resources Canada enforce stringent standards focusing on energy efficiency and green technology, prompting vendors to innovate within Energy Star and local government guidelines. European Union regulations, under initiatives such as the EU’s Green Deal and the RoHS Directive, compel manufacturers to comply with rigorous standards aimed at reducing carbon emissions, presenting future challenges in maintaining sustainability amid operations scaling. Middle Eastern and African countries, including the UAE, emphasize reducing energy consumption and improving infrastructure through guidelines under their Vision 2030 plans, though infrastructural gaps and political instability pose challenges.

Smart Street Lighting Market
To learn more about this report, request a free PDF copy
Market Dynamics

The market dynamics represent an ever-changing landscape of the Smart Street Lighting Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Growing trend of development of smart cities
    • Increasing demand for energy-efficient systems
    • Expanding investment in LED and smart street lighting
  • Market Restraints
    • High initial setup cost
  • Market Opportunities
    • Initiatives taken by utility companies and government institutions to adopt to smart lighting technologies
    • Technology advancements in the smart street lighting such as developments in the wireless and the internet of things (IoT) technologies
  • Market Challenges
    • Security risks associated with smart street lighting
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Smart Street Lighting Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Smart Street Lighting Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Smart Street Lighting Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Smart Street Lighting Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Smart Street Lighting Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Smart Street Lighting Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Smart Street Lighting Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Smart Street Lighting Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Smart Street Lighting Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Smart Street Lighting Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

Before utilizing the Smart Street Lighting Market Research Report by 360iResearch, our team at Eaton Corporation faced significant challenges in predicting market trends and strategizing for the increasing demand for energy-efficient systems. The report provided invaluable insights and actionable strategies, including market forecasts, competitor analysis, and emerging technological trends. As a result, we were able to realign our product development and marketing approaches effectively. The report's findings led to a 20% increase in market share and improved operational efficiency. We highly appreciate the thorough and detailed analysis provided by 360iResearch, which has had a profoundly positive impact on our organization's operations.
Eaton Corporation
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Smart Street Lighting Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Smart Street Lighting Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Smart Street Lighting Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Before leveraging the Smart Street Lighting Market Research Report from 360iResearch, we at Koninklijke Philips N.V. faced considerable challenges in understanding the intricacies and future direction of smart city developments. The report provided invaluable insights and actionable strategies that illuminated our path forward. Its detailed analysis and forward-looking perspectives enabled us to align our offerings with the growing trend of smart city development. As a result, we successfully implemented sustainable lighting solutions in multiple urban projects, significantly improving energy efficiency and urban livability. The report's findings played a crucial role in driving our innovative approaches and strategic decisions, leading to enhanced operational effectiveness and growth. We are extremely satisfied with the profound impact this report has had on our business.
Koninklijke Philips N.V.
To learn more about this report, request a free PDF copy
Key Company Profiles

The report delves into recent significant developments in the Smart Street Lighting Market, highlighting leading vendors and their innovative profiles. These include Eaton Corporation, Koninklijke Philips N.V., General Electric Company, Tech Mahindra Limited, Huawei Technologies Co., Ltd., Schréder SA, Echelon Corporation, Cisco System Inc., Signify Holding B.V., Axiomtek Co., Ltd., Delta Electronics Inc., Triliant Holdings Inc., Honeywell International Inc., Itron, Inc., and OSRAM GmbH.

Smart Street Lighting Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the Smart Street Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • CFL
    • Incandescent
    • LED
  • Connectivity
    • Wired
    • Wireless
  • Energy Source
    • Solar
    • Traditional
  • Application
    • Environmental Monitoring
    • Traffic Monitoring
    • Video Surveillance

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

Before using the 'Smart Street Lighting Market Research Report' published by 360iResearch, we at General Electric Company were grappling with understanding industry trends and identifying actionable strategies for smart lighting technologies adoption. The report provided us with invaluable insights and concrete strategies, highlighting initiatives by utility companies and government institutions. One specific benefit was improving our project timelines based on the report's clarity on regional policy impacts, significantly enhancing our operations. Overall, we are immensely satisfied with the report's contribution to our strategic planning and operational efficiency.
General Electric Company
To learn more about this report, request a free PDF copy
This research report offers invaluable insights into various crucial aspects of the Smart Street Lighting Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Smart Street Lighting Market, by Type
  7. Smart Street Lighting Market, by Connectivity
  8. Smart Street Lighting Market, by Energy Source
  9. Smart Street Lighting Market, by Application
  10. Americas Smart Street Lighting Market
  11. Asia-Pacific Smart Street Lighting Market
  12. Europe, Middle East & Africa Smart Street Lighting Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 372]
  17. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the Smart Street Lighting Market?
    Ans. The Global Smart Street Lighting Market size was estimated at USD 886.80 million in 2023 and expected to reach USD 1,055.60 million in 2024.
  2. What is the Smart Street Lighting Market growth?
    Ans. The Global Smart Street Lighting Market to grow USD 3,019.52 million by 2030, at a CAGR of 19.12%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.