Smart Street Lighting Market
Smart Street Lighting Market Forecasts to 2030 - Global Analysis By Type (Solar-Powered Street Lights, Remote Controlled Street Lights and Other Types), Component (Hardware, Services and Software), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Smart Street Lighting Market is accounted for $20.18 billion in 2024 and is expected to reach $69.89 billion by 2030 growing at a CAGR of 23.0% during the forecast period. Smart street lighting refers to advanced lighting systems that use IoT technology to manage street lights more efficiently and effectively. These systems employ sensors, cameras, and connectivity to adjust lighting based on real-time conditions such as traffic flow, pedestrian presence, and environmental factors. Benefits include reduced energy consumption, lower maintenance costs, and enhanced public safety.
According to the International Energy Agency reports, developing nations and emerging markets would account for about 70% of the expected increase in energy consumption, with smart street lighting demand rising to 3.4%.
Market Dynamics:
Driver:
Rising demand for energy management
The rising demand for energy management is a key driver in the smart street lighting market. Cities are increasingly focusing on reducing energy consumption and costs, prompting the adoption of smart street lighting solutions. These systems use LED lights, sensors, and networked controls to adjust lighting based on real-time conditions, such as traffic and ambient light levels, leading to significant energy savings. Additionally, the integration of energy management systems allows for the monitoring and optimization of energy use, reducing carbon footprints, and supporting sustainability goals.
Restraint:
Poor infrastructure in developing economies
Poor infrastructure in developing economies significantly restrains the growth of the smart street lighting market. Key issues include unreliable power supplies, inadequate electrical grids, and limited access to advanced technology. These challenges hinder the installation and maintenance of smart lighting systems, which require stable and efficient energy distribution. Additionally, the high initial investment costs and lack of skilled personnel further impede development in these regions. Without substantial improvements in basic infrastructure, implementing and scaling smart street lighting solutions remains difficult.
Opportunity:
Raising deployment of 5G network
The deployment of 5G networks offers significant opportunities for smart street lighting systems. With 5G's high speed, low latency, and massive connectivity, smart streetlights can become integral nodes in urban IoT ecosystems. They can leverage 5G to enhance their real-time capabilities, such as dynamic dimming, environmental sensing, and traffic management. 5G enables seamless integration with other smart city applications, facilitating improved energy efficiency and maintenance through predictive analytics. Additionally, it allows streetlights to serve as communication hubs for autonomous vehicles and other smart devices, driving advancements in urban infrastructure and public services.
Threat:
Circadian rhythms
The circadian rhythms threat in the smart street lighting market is due to the adverse effects that artificial lighting can have on natural biological cycles. Smart street lights, which can dynamically adjust brightness, color, and timing, may disrupt the circadian rhythms of humans and wildlife if not properly managed. Misaligned light cycles can lead to sleep disorders, impaired cognitive functions, and increased stress levels in humans, while also affecting the behavior and habitat of nocturnal animals and plants.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the smart street lighting market by disrupting supply chains and delaying infrastructure projects due to lockdowns and economic uncertainties. However, the increased focus on energy efficiency and smart city initiatives during the pandemic bolstered interest in smart street lighting as a means to reduce operational costs and enhance public safety. The remote monitoring capabilities of smart lighting systems became particularly valuable in managing city services with reduced human intervention.
The services segment is expected to be the largest during the forecast period
The services segment in the smart street lighting market is experiencing robust growth driven by several factors. These include the increasing adoption of service-based models such as lighting-as-a-service (LaaS), where municipalities and utilities prefer outsourcing maintenance, upgrades, and management to specialized providers. This model reduces upfront costs and technical complexity for cities. Moreover, advancements in data analytics, remote monitoring, and predictive maintenance enhance operational efficiency and reduce downtime. The rising demand for integrated services that includes energy management and smart city solutions further fuels growth.
The narrowband segment is expected to have the highest CAGR during the forecast period
The narrowband segment of the smart street lighting market is experiencing rapid growth due to its cost-effectiveness and efficiency in connecting a large number of devices over extended distances. Narrowband technologies, such as NB-IoT (Narrowband Internet of Things), offer advantages in low power consumption and enhanced coverage, making them ideal for urban and rural smart lighting solutions. These systems facilitate better data collection and control, leading to improved energy management and reduced operational costs.
Region with largest share:
The smart street lighting market in North America is experiencing robust growth due to several key factors. Government initiatives and investments in smart city projects are driving demand for energy-efficient and connected street lighting systems. The integration of Internet of Things (IoT) technology enhances real-time monitoring and control, reducing energy consumption and maintenance costs. Advancements in LED technology and the increasing adoption of adaptive lighting further support market expansion. Additionally, growing environmental concerns and regulatory mandates for energy efficiency are propelling the transition to smart street lighting across urban and suburban areas.
Region with highest CAGR:
The Asia-Pacific region is experiencing significant growth in the smart street lighting market, driven by rapid urbanization, smart city initiatives, and increased government investments in energy-efficient infrastructure. Countries like China, India, and Japan are leading this surge, leveraging advanced technologies like IoT and AI to enhance public lighting systems. Rising energy costs and the need to reduce carbon emissions further accelerate adoption. The market also benefits from declining LED prices and increasing awareness of the long-term cost savings and environmental benefits of smart lighting solutions.
Key players in the market
Some of the key players in Smart Street Lighting market include Acuity Brands Lighting Inc, Current Powered by GE, Eaton Corporation, EQUANS, FLASHNET SA, GE Lighting LLC, Honeywell International, Hubbell Incorporated, Itron Inc., Lutron Electronics, OSRAM Light AG, Royal Philips NV, Schneider Electric S.E, Signavio GmbH, Signify Holding and Telensa Limited.
Key Developments:
In June 2024, Itron, Inc., in partnership with artificial intelligence firm VODA.ai, has announced the release of a new Pipe Asset Management software aimed at aiding water utilities in their maintenance and replacement strategies. This AI-powered solution is designed to help utilities identify pipes that require replacement or rehabilitation, potentially reducing costs and improving the safety and reliability of water distribution.
In May 2024, Lutron Electronics has introduced all-new luxury architectural downlights, the Ketra D2 and Rania D2, featuring a 2” aperture downlight, diecast aluminum trims that are honed to a nearly invisible edge, a tighter control method for making micro adjustments, slimmer housing for installation, and lower price points than the predecessor Ketra D3 downlight line.
Types Covered:
• Solar-Powered Street Lights
• Remote Controlled Street Lights
• Motion-Sensor Street Lights
• Light Emitting Diode (LED) Street Lights
• Other Types
Components Covered:
• Hardware
• Services
• Software
Technologies Covered:
• Narrowband-Internet of Things (NB-IoT)
• Powerline Communication
• Medium Band
• Narrowband
• Broadband
• Other Technologies
Applications Covered:
• Video Surveillance
• Traffic Optimization
• Street Light Management
• Smart Parking
• Public Messaging
• Environmental Monitoring
• Other Applications
End Users Covered:
• Retail
• Residential
• Industrial
• Transportation
• Automotive
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Street Lighting Market, By Type
5.1 Introduction
5.2 Solar-Powered Street Lights
5.3 Remote Controlled Street Lights
5.4 Motion-Sensor Street Lights
5.5 Light Emitting Diode (LED) Street Lights
5.6 Other Types
6 Global Smart Street Lighting Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 LED Arrays
6.2.2 Sensors
6.2.3 Communication Module
6.3 Services
6.3.1 Managed Services
6.3.2 System Integrations
6.3.3 Training & Implementation
6.3.4 Other services
6.4 Software
7 Global Smart Street Lighting Market, By Technology
7.1 Introduction
7.2 Narrowband-Internet of Things (NB-IoT)
7.3 Powerline Communication
7.4 Medium Band
7.4.1 Power Line Carrier
7.4.2 Radio Frequency
7.5 Narrowband
7.5.1 Sigfox
7.5.2 LoRa
7.5.3 RPMA
7.6 Broadband
7.6.1 3G/4G cellular
7.6.2 Wi-Fi
7.7 Other Technologies
8 Global Smart Street Lighting Market, By Application
8.1 Introduction
8.2 Video Surveillance
8.3 Traffic Optimization
8.4 Street Light Management
8.5 Smart Parking
8.6 Public Messaging
8.7 Environmental Monitoring
8.8 Other Applications
9 Global Smart Street Lighting Market, By End User
9.1 Introduction
9.2 Retail
9.3 Residential
9.4 Industrial
9.5 Transportation
9.6 Automotive
9.7 Other End Users
10 Global Smart Street Lighting Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Acuity Brands Lighting Inc
12.2 Current Powered by GE
12.3 Eaton Corporation
12.4 EQUANS
12.5 FLASHNET SA
12.6 GE Lighting LLC
12.7 Honeywell International
12.8 Hubbell Incorporated
12.9 Itron Inc.
12.10 Lutron Electronics
12.11 OSRAM Light AG
12.12 Royal Philips NV
12.13 Schneider Electric S.E
12.14 Signavio GmbH
12.15 Signify Holding
12.16 Telensa Limited
List of Tables
1 Global Smart Street Lighting Market Outlook, By Region (2022-2030) ($MN)
2 Global Smart Street Lighting Market Outlook, By Type (2022-2030) ($MN)
3 Global Smart Street Lighting Market Outlook, By Solar-Powered Street Lights (2022-2030) ($MN)
4 Global Smart Street Lighting Market Outlook, By Remote Controlled Street Lights (2022-2030) ($MN)
5 Global Smart Street Lighting Market Outlook, By Motion-Sensor Street Lights (2022-2030) ($MN)
6 Global Smart Street Lighting Market Outlook, By Light Emitting Diode (LED) Street Lights (2022-2030) ($MN)
7 Global Smart Street Lighting Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Smart Street Lighting Market Outlook, By Component (2022-2030) ($MN)
9 Global Smart Street Lighting Market Outlook, By Hardware (2022-2030) ($MN)
10 Global Smart Street Lighting Market Outlook, By LED Arrays (2022-2030) ($MN)
11 Global Smart Street Lighting Market Outlook, By Sensors (2022-2030) ($MN)
12 Global Smart Street Lighting Market Outlook, By Communication Module (2022-2030) ($MN)
13 Global Smart Street Lighting Market Outlook, By Services (2022-2030) ($MN)
14 Global Smart Street Lighting Market Outlook, By Managed Services (2022-2030) ($MN)
15 Global Smart Street Lighting Market Outlook, By System Integrations (2022-2030) ($MN)
16 Global Smart Street Lighting Market Outlook, By Training & Implementation (2022-2030) ($MN)
17 Global Smart Street Lighting Market Outlook, By Other services (2022-2030) ($MN)
18 Global Smart Street Lighting Market Outlook, By Software (2022-2030) ($MN)
19 Global Smart Street Lighting Market Outlook, By Technology (2022-2030) ($MN)
20 Global Smart Street Lighting Market Outlook, By Narrowband-Internet of Things (NB-IoT) (2022-2030) ($MN)
21 Global Smart Street Lighting Market Outlook, By Powerline Communication (2022-2030) ($MN)
22 Global Smart Street Lighting Market Outlook, By Medium Band (2022-2030) ($MN)
23 Global Smart Street Lighting Market Outlook, By Power Line Carrier (2022-2030) ($MN)
24 Global Smart Street Lighting Market Outlook, By Radio Frequency (2022-2030) ($MN)
25 Global Smart Street Lighting Market Outlook, By Narrowband (2022-2030) ($MN)
26 Global Smart Street Lighting Market Outlook, By Sigfox (2022-2030) ($MN)
27 Global Smart Street Lighting Market Outlook, By LoRa (2022-2030) ($MN)
28 Global Smart Street Lighting Market Outlook, By RPMA (2022-2030) ($MN)
29 Global Smart Street Lighting Market Outlook, By Broadband (2022-2030) ($MN)
30 Global Smart Street Lighting Market Outlook, By 3G/4G cellular (2022-2030) ($MN)
31 Global Smart Street Lighting Market Outlook, By Wi-Fi (2022-2030) ($MN)
32 Global Smart Street Lighting Market Outlook, By Other Technologies (2022-2030) ($MN)
33 Global Smart Street Lighting Market Outlook, By Application (2022-2030) ($MN)
34 Global Smart Street Lighting Market Outlook, By Video Surveillance (2022-2030) ($MN)
35 Global Smart Street Lighting Market Outlook, By Traffic Optimization (2022-2030) ($MN)
36 Global Smart Street Lighting Market Outlook, By Street Light Management (2022-2030) ($MN)
37 Global Smart Street Lighting Market Outlook, By Smart Parking (2022-2030) ($MN)
38 Global Smart Street Lighting Market Outlook, By Public Messaging (2022-2030) ($MN)
39 Global Smart Street Lighting Market Outlook, By Environmental Monitoring (2022-2030) ($MN)
40 Global Smart Street Lighting Market Outlook, By Other Applications (2022-2030) ($MN)
41 Global Smart Street Lighting Market Outlook, By End User (2022-2030) ($MN)
42 Global Smart Street Lighting Market Outlook, By Retail (2022-2030) ($MN)
43 Global Smart Street Lighting Market Outlook, By Residential (2022-2030) ($MN)
44 Global Smart Street Lighting Market Outlook, By Industrial (2022-2030) ($MN)
45 Global Smart Street Lighting Market Outlook, By Transportation (2022-2030) ($MN)
46 Global Smart Street Lighting Market Outlook, By Automotive (2022-2030) ($MN)
47 Global Smart Street Lighting Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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