2026 global smart street lamp market share will grow to 20%

In a new article by Navigant Research, the global smart street lamp market will reach $ 610 million in value by 2017 and grow to $ 6.9 billion in 2026. Market share is expected to increase from 2% in 2017 to 20% in 2026.

Smart Street Lighting in Smart Cities information concludes that LED lighting has now become a standard alternative to traditional street lighting in most cities in the world and that intelligent control is beginning to become more widespread and gradually deployed with LED lighting.

Many cities around the world are likely to replace their existing street lights with new, more efficient lighting over the longer term, not only to achieve energy efficiency standards, but also to economically viable. LED lighting is clearly the smartest choice, but the new Navigant article says that intelligent controls currently make up only 2% of the street lamp installation base in 2017 and is not being fully utilized.

It is introduced that, this situation may change and the installed base of smart street lamps is expected to increase from the current 6.3 million to an astonishing 73 million in 2026.

"As LEDs become a street lighting upgrade, the next frontier in smart street lighting networks is the rapid deployment of control technology that translates into an innovation platform for smart cities," said Ryan Citron, an analyst with Navigant Research. "Sensors and Other technologies are being added to the smart street lighting network to provide a host of new city services including gunfire detection, air quality monitoring, EV charging, traffic management and smart parking. "

Obviously, there are many drivers behind the current smart street lamp economy. LED lighting is widely accepted due to the significant cost reduction and improved lighting quality. The LED can now provide the necessary yellow light for the street light. A year ago, Cree introduced the new RSW LED street lighting system, the first of a new generation of lighting that not only improves energy efficiency but also provides the warmth temperatures most needed for street lighting.

At the time, Norbert Hiller, Cree Lighting's Executive Vice President, said: "Cree is committed to providing a better lighting experience by continuing to develop the true potential of LED technology, and her RSW series ensures that residents no longer have to face the glare of street lights at night, saving The energy of the city, while reducing the residents of the glare of street lighting complaints. "

The Navigant article explains that installing a smart control system while deploying new LED lighting is the cheapest way to explain why smart controls are still lagging behind. Smart street lights may be an important tool for cities to adapt to future energy efficiency requirements, but there are still barriers. Navigant Research underscores these concerns: "Mitigating people concern about surveillance and privacy intrusion, the heritage ownership patterns of ownership of street lights, the complexity of application projects, and the need to increase capital expenditures in some jurisdictions are all areas of the smart streetlight market challenge."

Navigant predicts that Europe will have the largest base of smart street lighting installations by 2026, followed by Asia Pacific and North America.

Article from China Semiconductor Lighting Network

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