Smart Street Lighting Market to Surpass $16 Billion by 2026

The global smart street lighting market is expected to grow significantly over the next few years, with a projected value of over $16 billion by 2026, according to a report by market research firm MarketsandMarkets.

Smart street lighting systems use connected sensors and data analytics to adjust lighting levels based on various factors, including pedestrian and vehicle traffic, weather conditions, and time of day. These systems can provide cost savings, energy efficiency, and improved public safety by reducing light pollution and providing better visibility.

The report highlights several factors driving the growth of the smart street lighting market, including increasing demand for energy-efficient and sustainable lighting solutions, the growing adoption of smart city technologies, and the need for more intelligent and automated lighting systems.

The report also notes several key players in the smart street lighting market, including Acuity Brands, Cisco Systems, Signify (formerly Philips Lighting), Osram, and General Electric.

While the smart street lighting market is poised for significant growth, the report also identifies several challenges that could hinder its expansion, including high initial installation costs, data security concerns, and lack of interoperability between different systems.

Overall, the report suggests that the smart street lighting market will continue to grow as more cities and municipalities adopt smart city technologies and look for ways to improve energy efficiency and public safety.

Various design features of smart street lighting systems make them efficient, reliable and environment friendly

The main design feature in the smart street lighting is the feature of energy efficiency. Complete smart street lighting systems consists usually of light emitting diode lamps, control units and sensors that are set up in each of the lamp poles or a designated cluster of lamp poles, means of communication and a central application system. Such type of apparatuses are connected by means of a consistent and protected wireless or wired network that can enable two way communication for control and monitoring operations. Smart street lighting systems are able to detect maintenance and lighting failure problems in real time and this enables faults to be corrected in a time bound manner and thereby ensure higher quality of services. This also eliminates the necessity of regular maintenance related checkups.

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