Connected Street Lighting Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Connected Street Lighting market, covering market size, growth forecast, industry trends, and regional insights from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.50 Billion |
| CAGR (2023-2033) | 8.0% |
| 2033 Market Size | $7.74 Billion |
| Top Companies | Philips Lighting, Siemens AG, General Electric (GE), Schneider Electric |
| Last Modified Date | 15 Nov 2024 |
Connected Street Lighting Market Report (2023 - 2033)
Connected Street Lighting Market Overview
What is the Market Size & CAGR of Connected Street Lighting market in 2023?
Connected Street Lighting Industry Analysis
Connected Street Lighting Market Segmentation and Scope
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Connected Street Lighting Market Analysis Report by Region
Europe Connected Street Lighting Market Report:
Europe is witnessing rapid adoption of connected lighting solutions. The market is anticipated to grow from USD 0.85 billion in 2023 to USD 1.88 billion by 2033, fuelled by stringent regulations mandating energy-efficient lighting.Asia Pacific Connected Street Lighting Market Report:
In the Asia Pacific region, the Connected Street Lighting market is expected to grow from USD 0.75 billion in 2023 to USD 1.66 billion by 2033. This growth is driven by rapid urbanization and government initiatives aimed at developing smart cities.North America Connected Street Lighting Market Report:
North America holds a significant share in the Connected Street Lighting market, projected to expand from USD 1.33 billion in 2023 to USD 2.95 billion by 2033, driven by advancements in technology and strong government support for smart city projects.South America Connected Street Lighting Market Report:
The South American market is relatively smaller but shows promise, increasing from USD 0.35 billion in 2023 to USD 0.76 billion by 2033. Rising urban infrastructure investments and energy efficiency mandates are key growth factors.Middle East & Africa Connected Street Lighting Market Report:
In the Middle East and Africa, the market is expected to increase from USD 0.22 billion in 2023 to USD 0.49 billion by 2033 as renewed efforts towards infrastructure enhancement lead to more smart city initiatives.Request a custom research report for industry.
Connected Street Lighting Market Analysis By Technology
Global Connected Street Lighting Market, By Technology Market Analysis (2023 - 2033)
By technology, the Connected Street Lighting market is led by LED technology, which is projected to grow from USD 2.22 billion in 2023 to USD 4.91 billion by 2033, accounting for 63.49% of the market share throughout this period. Next is wireless communication technologies, with a market size moving from USD 0.85 billion in 2023 to USD 1.88 billion in 2033, representing a 24.35% share, followed by sensors, growing from USD 0.43 billion to USD 0.94 billion, holding a 12.16% share.
Connected Street Lighting Market Analysis By Lighting Types
Global Connected Street Lighting Market, By Lighting Types Market Analysis (2023 - 2033)
In terms of lighting types, solar street lights dominate the market, expanding from USD 2.22 billion in 2023 to USD 4.91 billion by 2033, maintaining a stable 63.49% share. Traditional street lights follow, increasing from USD 0.85 billion to USD 1.88 billion for a 24.35% share, while smart street lights grow from USD 0.43 billion to USD 0.94 billion, capturing a 12.16% share over the assessment period.
Connected Street Lighting Market Analysis By Application
Global Connected Street Lighting Market, By Application Market Analysis (2023 - 2033)
Focusing on applications, the urban areas segment leads with a market size growth from USD 1.77 billion in 2023 to USD 3.90 billion by 2033, representing a 50.47% share. Highways follow closely, moving from USD 0.88 billion to USD 1.93 billion (25% share), while parks and recreation areas show growth from USD 0.40 billion to USD 0.88 billion, or 11.41% share.
Connected Street Lighting Market Analysis By Service Model
Global Connected Street Lighting Market, By Service Model Market Analysis (2023 - 2033)
In the service model segment, managed services still dominate, growing from USD 2.22 billion in 2023 to USD 4.91 billion in 2033, maintaining 63.49% share. The outsourced model segment is set to increase from USD 0.85 billion to USD 1.88 billion (24.35% share), while self-managed solutions rise from USD 0.43 billion to USD 0.94 billion, tapping into 12.16% share of the market.
Connected Street Lighting Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Connected Street Lighting Industry
Philips Lighting:
A leader in LED technology, Philips Lighting offers innovative connected lighting solutions that enhance energy efficiency and urban safety.Siemens AG:
Siemens provides smart infrastructure including connected street lighting systems, focusing on energy efficiency and smart city solutions.General Electric (GE):
GE is known for its advanced lighting technology and connected solutions, contributing to developments in urban lighting infrastructures.Schneider Electric:
Schneider Electric specializes in energy management and automation solutions, offering smart lighting systems that contribute to sustainable urban development.We're grateful to work with incredible clients.
Market FAQs
What is the market size of the Connected Street Lighting?
The global connected street lighting market size was valued at $2.8 billion in 2020 and is projected to reach $6.3 billion by 2025, growing at a CAGR of 17.2% during the forecast period.
What are the key market players or companies in the Connected Street Lighting industry?
Some of the key market players in the connected street lighting industry include Philips Lighting, Acuity Brands, General Electric, Osram, Silver Spring Networks, Telensa, Zumtobel Group, Echelon Corporation, Flashnet, and Tvilight.
What are the primary factors driving the growth in the Connected Street Lighting industry?
The primary factors driving the growth in the connected street lighting industry include the increasing adoption of smart city initiatives, the focus on energy efficiency and cost savings, advancements in lighting technology such as LED, government regulations promoting smart lighting, and the integration of IoT and cloud-based solutions.
Which region is identified as the fastest-growing in the Connected Street Lighting?
Asia-Pacific is identified as the fastest-growing region in the connected street lighting market, driven by rapid urbanization, infrastructure development, and government investments in smart city projects.
Does ConsaInsights provide customized market report data for the Connected Street Lighting industry?
Yes, ConsaInsights provides customized market report data for the connected street lighting industry, tailored to meet the specific requirements and needs of clients seeking in-depth insights and analysis.
What deliverables can I expect from this Connected Street Lighting market research report?
The Connected Street Lighting market research report from ConsaInsights includes detailed analysis of market trends, growth drivers, challenges, competitive landscape, market segmentation, regional analysis, key player profiles, and strategic recommendations for industry stakeholders.