According to a new report by Navigant, the market value of the global Smart Street lamp will reach $610 million trillion in 2017 and grow to $6.9 billion in 2026. Market share is expected to grow from 2% in 2017 to around 20% in 2026.
The Global Smart Street lamp market will increase to $6.9 billion by 2026
"Smart city street lighting," the report concluded that LED lighting has now become the world's most urban traditional street lighting standard alternatives, intelligent control began to become more extensive and gradually with LED lighting deployment.
Many cities around the world are likely to replace existing streetlights with new and more efficient lighting in the longer term, not only to achieve energy efficiency standards, but also economic viability. LED lighting is clearly the wisest option, but the new Navigant report says intelligent control currently accounts for only 2% of the 2017-year-old streetlight installation base, and is not fully utilized.
According to the report, this situation may change, the installation base of Smart street lamps is expected to grow from the current 6.3 million to the astonishing 73 million in 2026.
"With the LED becoming a street lighting upgrade technology, the next frontier of Intelligent Street lighting network is to rapidly increase the deployment of control technology and transform it into an innovative platform for smart cities." "Sensors and other technologies are being added to the smart street lighting network to provide a large number of new city services, including gun detection, air quality monitoring, electric car recharging, traffic management and smart parking," said Ryan Citron, an analyst at Navigant Research. ”
Obviously, the driving factors behind the smart street economy are many. LED lighting is widely accepted as a result of significant cost reductions and improved lighting quality. LEDs can now provide the necessary yellow light for streetlights. One years ago, Cree through the introduction of a new RSW LED street lighting system, this is the first generation of lighting, not only to improve energy efficiency, but also to provide the most need for street lamps warm color temperature.
"Cree is committed to providing a better lighting experience by continuing to develop the real potential of LED technology," said Norbert Hiller, executive vice president of Cree lighting. Cree's RSW series ensures that residents no longer need to face the glare of streetlights at night, save energy in the city, and reduce the residents ' complaints about the glare of street lighting. ”
The Navigant report explains that installing intelligent control systems while deploying new LED lighting is the cheapest way to explain why smart controls are still lagging. Smart streetlights may be an important tool for cities to adapt to future energy efficiency requirements, but there are some hurdles. Navigant study highlighted these concerns: "To alleviate citizens ' concerns about surveillance and privacy intrusion, there is still a pattern of legacy street ownership in some jurisdictions, the complexity of application projects and the need to raise upfront capital are all challenges to the smart street market." ”
Navigant predicts that by 2026 Europe will have the largest installed base of intelligent streetlights, followed by the Asia-Pacific and North America.
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