Using smart street lighting networks as a platform for other smart city applications is creating new revenue opportunities for all stakeholders
A new report from Navigant Research analyzes the evolution of smart street lighting technology and market trends, providing global market forecasts of smart street lighting hardware, software applications, and services, broken out by segment and region, through 2026.
The vision of a city lighting network is one that provides a platform for a range of innovative smart solutions in addition to efficiently illuminating public spaces. By combining advances in energy efficient lighting with new technologies and sensors, smart streetlights can help cities increase efficiency, raise additional revenue, keep residents safe, improve sustainability, and attract new residents and businesses. Click to tweet: According to a new report from @NavigantRSRCH, the installed base of smart street lights is expected to reach nearly 73 million worldwide by 2026.
“With LEDs established as the technology of choice for street lighting upgrades, the next frontier for smart street lighting networks involves rapidly increasing deployments of controls technology and a transition to being utilized as a broader platform for smart city innovations,” says Ryan Citron, research analyst at Navigant Research. “Sensors and other technologies are being added to smart street lighting networks to offer a multitude of new city services, including gunshot detection, air quality monitoring, electric vehicle (EV) charging, traffic management, and smart parking, among others.”
Smart street lights also offer increased energy and maintenance savings as well as new opportunities for new revenue, according to the report. Services related to streetlight infrastructure, such EV charging and broadband coverage, can mean additional income for suppliers, cities, and utilities alike.
The report, Smart Street Lighting for Smart Cities, analyzes the evolution of smart street lighting technology and market trends, with a focus on how smart street lighting can be used as a platform for additional smart city applications. The study analyzes the drivers for the transformation in the lighting market, including financial, environmental, and economic factors, and assesses approaches to smart street lighting in different regions. Global market forecasts of smart street lighting hardware, software applications, and services, broken out by segment and region, extend through 2026. The report also examines significant smart street lighting projects and case studies of major deployments from around the world, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Smart Street Lighting for Smart Cities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.