Emerging Growth on Smart Street lighting Market Grow at +40.3% CAGR in 2023: Global Companies like GE Lighting, Philips Lighting, Acuity Brands, Osram and Honeywell
According to the analyst, the smart street lighting market will grow at an estimated CAGR of 40.3% during the forecast period 2018–2025. Europe is the biggest market for the smart street lighting followed by Americas.
Smart Street lighting is a rapidly growing lighting market. At present, a lot of countries are replacing the traditional street lights with the smart LED street lighting lamps. Globally, there are about 281.4 million streetlights in the world and is expected that it will reach 338.9 million by 2025. The traditional high intensity discharge lamps (HID) consume a lot of energy and generate lots of heat. Thus, with the growing awareness and the need to reduce the carbon footprints globally, countries have started replacing the street lights with smart LED lights. The smart street lighting poles can be turned “ON” or “OFF” through the smart devices. Most of the smart poles are enabled with motion sensors which turn ON whenever there is movement near the pole.
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Key players covered in this report are GE Lighting, Philips Lighting, Acuity Brands, Osram and Honeywell Lighting. The research report provides a comprehensive review of Connectivity Technologies, Lighting lamps, Network Components, Upcoming and On-Going Smart street lighting projects and Regions.
The countries which are leading in the smart street lighting market are Germany, UK, and US. The upcoming markets for the smart street lighting are India, China, and Poland due to the growing number of smart cities projects in these countries.
This study covers and analyses “Smart Street Lighting Market” globally. Bringing out the complete key insights of this industry, this report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative and technologies related to the market. In addition, it helps the venture capitalist in understanding the companies better and take informed decisions.
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With all the information congregated and examined using SWOT analysis, there is a vivacious picture of the competitive landscape of the Global Smart Street lighting Market. Openings for the future market development were revealed and preoccupied competitive dangers likewise textured. The drifts and inclinations of this market were considered and it demonstrates that there was an illustrious strategic direction observed. By the grasping market foundation and using the determined standards, methodologies, and inclinations of other driving markets for references, market data was understood.
The comprehensive report on the market provides in-depth insights into key drivers and restraints, notable trends, share and revenue value of various segments, prominent investments trends, favourable governmental policies, and key technology risks in major regions.
The top segments in the market have been highlighted clearly in this report for the readers to understand in a précised manner. These segments have been presented by giving information on their current and predicted state by the end of the forecast period. The information presented would help the upcoming players to gauge the investment scope within the segments and sub-segments of the global Smart Street lighting market.
Detailed Overview of Smart Street lighting Market
Future Scope of Smart Street lighting Market dynamics in the industry
Definition, Applications and Manufacturing Technology
In-depth market Analysis, Trends, Growth Factor and segmentation
Historical, Current and Projected Market capacity, production value
cost/profit, supply/demand import/export
Recent Industry Trends and Developments
Competitive landscape, Analysis and Revenue
Strategies of key players and products offered
Potential and niche segments, geographical regions, Cost Structure and Economic Impact
Major Key Vendors Analysis of Smart Street lighting Market
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