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Contrive Datum Insights (CDI) is a market intelligence company providing global business
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The Smart Street Lights Market is expected to grow at a 23.4% CAGR and help the market
reach a final valuation of 14,751.1 Million by the end of the forecast period in 2030.
Street lights are the most expensive and critical infrastructure asset carried by municipalities and utilities. Growing
infrastructure development, particularly in developing countries such as India and Japan, is a major factor driving the
growth of the smart/connected street light market. These government initiatives for smart country development are
fueling the growth of the smart/connected street lighting market. In addition, LEDs were introduced to reduce energy
costs. These factors have therefore led many cities to switch to energy efficient lighting solutions. This is another factor
fueling the growth of the smart/connected street light market.
• The United States is the biggest market in North America for smart connected street lights.
The region is growing because more people want energy-efficient lighting, the government is
trying to cut down on carbon pollution, and smart city technologies are being used.
• Europe is a big market for smart street lights that are connected to the internet. The UK,
Germany, and France are the biggest markets in the area. Government programs to cut down
on energy use, make energy use more efficient, and cut down on carbon emissions are
driving growth in the area. The rise is also helped by the use of smart city technologies and
the presence of several key players in the area.
The Global smart contracts market has been segmented into:
• Philips Lighting will help the Dutch island of Ameland secure energy-efficient LED street lights. Philips ClearSky
is a light spectrum specifically designed to reduce the damage and harshness faced by migratory birds.
Additionally, the availability of fresh and robust infrastructure will help achieve sustainable targets that will help
save energy and reduce pollution levels over the forecast period 2017-2023.
• Itron Inc. announces collaboration with VINCI Energies' Electrix and Transport Canberra and City Services. This
will help create Internet of Things networks for industry and will help support this technology and the idea
of developing smart cities and energy solutions in Australia's capital, Canberra. It is said to be Australia's largest
stand-alone lighting project. This idea was presented in April 2019.
• In the same year, a collaboration between Samsung SDS and Telensa was announced to develop a smart city
initiative. The two companies are working as a team to develop intelligent streetlights.
• Cisco Systems,
• Inc., Citelum, DimOnoff Inc.,
• EnGo Planet,
• General Electric Company,
• Philips Lighting (Signify Holding),
• LED Roadway Lighting Ltd.,
• LonMark International,
• And Others.
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