Smart Street Lighting Market 2028 By Lamp Type, Component, Deployment Site and Geography | The Insight Partners

MARKET INTRODUCTION

Smart street lighting is a type of public illumination that adjusts to the movement of cyclists, pedestrians, and automobiles. It's also known as adaptable street lighting since it illuminates when there's movement but dims when there's none. Smart street lighting systems can detect maintenance issues and illumination failures in real time, allowing faults to be corrected in a timely way while maintaining a higher level of service quality. This also eliminates the requirement for routine maintenance inspections. The key market drivers for smart street lighting market are, emergence of smart cities and the increasing popularity of connected devices and the internet of things.

MARKET SCOPE

The "Global Smart Street Lighting Market Analysis to 2028" is a specialized and in-depth study of the Smart street lighting Market with a special focus on the global market trend analysis. The report aims to provide an overview of smart street lighting market with detailed market segmentation by lamp type, component, deployment site. The global smart street lighting market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart street lighting market player and offers key trends and opportunities in the smart street lighting market.

MARKET SEGMENTATION

  Based on lamp type the market is segmented as, fluorescent, incandescent and LED.

  On the basis of component, the market is segmented as, PLC, RF Controls, motion monitor, astronomical timer, ambient light sensing, and others.

  On the basis of deployment type the market is segmented as, highway, street, pedestrian & bike paths, and garden & parks.

MARKET DYNAMICS

Drivers

•   Emergence of smart cities and the increasing popularity of connected devices and the internet of things.
  
•   Technological advances such as cloud computing is likely to propel the growth of smart street lighting market.
  

Restraints

•   The smart street lighting market is restrained by concerns associated with tower and lights radiation.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart street lighting market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart street lighting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart street lighting Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart street lighting market in these regions.

IMPACT OF COVID-19 ON SMART STREET LIGHTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the smart street lighting market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart street lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for smart street lighting market. Below mentioned is the list of few companies engaged in the smart street lighting market.

The report also includes the profiles of key smart street lighting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Acuity Brands Lighting Inc.
  
•   EnGoPlanet Energy Solutions Inc
  
•   Bridgelux, Inc.
  
•   Cree Lighting
  
•   Eaton
  
•   General Electric
  
•   Itron, Inc.
  
•   Siemens AG
  
•   Telensa Ltd
  
•   Signify Holding
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.