The global smart street light market size is expected to grow at a significant CAGR of over 19.2% during the forecast period 2020 to 2027. The growing awareness for energy conservation and efficient lighting technique are some major factors to drive the market. Furthermore, the rising demand for energy-efficient lights, the emergence of IoT, and continuous innovation in mobile networks are some other factors to propel the market over the forecast period. In addition, the rising trend of smart cities in developing economies is projected to boost the market. However, privacy and security issues in smart street lighting systems are projected to hinder the market growth in upcoming years.
The report titled “Smart Street Light Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast – 2021 – 2027″ offers a holistic view of the Smart Street Light industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Smart Street Light market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Smart Street Light Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Smart Street Light Market Segmentation:
By Component:
- Hardware
- Software
- Services
By Connectivity:
- Wired
- Wireless
By Application:
- Environmental Monitoring
- Traffic Monitoring
- Smart Parking
- Street Light Management
- Video Surveillance
- Public Messaging
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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List of Key companies:
- EnGo PLANET
- Telensa Ltd.
- Flashnet SRL
- Toshiba Lighting
- General Electric Co.
- Echelon Corporation
- LED Roadway Lighting Ltd.
- Silver Springs Network Inc.
- Acuity Brands Lighting Inc.
- Schreder Group
- Twilight Citelum S.A.
Key Questions Answered by Smart Street Light Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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