The annual revenue of smart street lamps will grow to $1.7 billion globally by 2026

It is reported that in 2026, the annual revenue of the global smart street lamp will grow to 1.7 billion dollars. However, only 20 percent of LED street lights with integrated lighting control systems are truly “smart” street lights. According to ABI Research, this imbalance will gradually adjust by 2026, when central management systems will be connected to more than two-thirds of all newly installed LED lights.

Adarsh Krishnan, principal analyst at ABI Research: “Smart street lamp vendors including Telensa, Telematics Wireless, DimOnOff, Itron, and Signify have the most to gain from cost-optimized products, market expertise, and a proactive business approach. However, there are even more opportunities for smart city vendors to leverage smart street pole infrastructure by hosting wireless connectivity infrastructure, environmental sensors, and even smart cameras. The challenge is to find a viable business model that encourages the cost-effective deployment of multi-sensor solutions on a large scale.”

The most commonly adopted smart street light applications (in order of priority) include: remote scheduling of dimming profiles based on seasonal changes, time changes or special social events; Measure the energy consumption of single street lamp to achieve accurate usage billing; Asset management to improve maintenance programs; Sensor based adaptive lighting and so on.

Regionally, street lighting deployment is unique in terms of vendors and technical approaches as well as end-market requirements. In 2019, North America has been the leader in smart street lighting, accounting for 31% of the global installed base, followed by Europe and Asia Pacific. In Europe, non-cellular LPWA network technology currently accounts for the majority of smart street lighting, but cellular LPWA network technology will soon take a share of the market, especially in the second quarter of 2020 will be more NB-IoT terminal commercial equipment.

By 2026, the Asia-Pacific region will be the world’s largest installation base for smart street lights, accounting for more than a third of global installations. This growth is attributed to the Chinese and Indian markets, which not only have ambitious LED retrofit programs, but are also building local LED component manufacturing facilities to reduce bulb costs.


Post time: Nov-18-2022