스마트 가로등 시장 예측(-2030년) : 유형별, 컴포넌트별, 기술별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Smart Street Lighting Market is accounted for $20.18 billion in 2024 and is expected to reach $69.89 billion by 2030 growing at a CAGR of 23.0% during the forecast period. Smart street lighting refers to advanced lighting systems that use IoT technology to manage street lights more efficiently and effectively. These systems employ sensors, cameras, and connectivity to adjust lighting based on real-time conditions such as traffic flow, pedestrian presence, and environmental factors. Benefits include reduced energy consumption, lower maintenance costs, and enhanced public safety.

According to the International Energy Agency reports, developing nations and emerging markets would account for about 70% of the expected increase in energy consumption, with smart street lighting demand rising to 3.4%.

Market Dynamics:

Driver:

Rising demand for energy management

The rising demand for energy management is a key driver in the smart street lighting market. Cities are increasingly focusing on reducing energy consumption and costs, prompting the adoption of smart street lighting solutions. These systems use LED lights, sensors, and networked controls to adjust lighting based on real-time conditions, such as traffic and ambient light levels, leading to significant energy savings. Additionally, the integration of energy management systems allows for the monitoring and optimization of energy use, reducing carbon footprints, and supporting sustainability goals.

Restraint:

Poor infrastructure in developing economies

Poor infrastructure in developing economies significantly restrains the growth of the smart street lighting market. Key issues include unreliable power supplies, inadequate electrical grids, and limited access to advanced technology. These challenges hinder the installation and maintenance of smart lighting systems, which require stable and efficient energy distribution. Additionally, the high initial investment costs and lack of skilled personnel further impede development in these regions. Without substantial improvements in basic infrastructure, implementing and scaling smart street lighting solutions remains difficult.

Opportunity:

Raising deployment of 5G network

The deployment of 5G networks offers significant opportunities for smart street lighting systems. With 5G's high speed, low latency, and massive connectivity, smart streetlights can become integral nodes in urban IoT ecosystems. They can leverage 5G to enhance their real-time capabilities, such as dynamic dimming, environmental sensing, and traffic management. 5G enables seamless integration with other smart city applications, facilitating improved energy efficiency and maintenance through predictive analytics. Additionally, it allows streetlights to serve as communication hubs for autonomous vehicles and other smart devices, driving advancements in urban infrastructure and public services.

Threat:

Circadian rhythms

The circadian rhythms threat in the smart street lighting market is due to the adverse effects that artificial lighting can have on natural biological cycles. Smart street lights, which can dynamically adjust brightness, color, and timing, may disrupt the circadian rhythms of humans and wildlife if not properly managed. Misaligned light cycles can lead to sleep disorders, impaired cognitive functions, and increased stress levels in humans, while also affecting the behavior and habitat of nocturnal animals and plants.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the smart street lighting market by disrupting supply chains and delaying infrastructure projects due to lockdowns and economic uncertainties. However, the increased focus on energy efficiency and smart city initiatives during the pandemic bolstered interest in smart street lighting as a means to reduce operational costs and enhance public safety. The remote monitoring capabilities of smart lighting systems became particularly valuable in managing city services with reduced human intervention.

The services segment is expected to be the largest during the forecast period

The services segment in the smart street lighting market is experiencing robust growth driven by several factors. These include the increasing adoption of service-based models such as lighting-as-a-service (LaaS), where municipalities and utilities prefer outsourcing maintenance, upgrades, and management to specialized providers. This model reduces upfront costs and technical complexity for cities. Moreover, advancements in data analytics, remote monitoring, and predictive maintenance enhance operational efficiency and reduce downtime. The rising demand for integrated services that includes energy management and smart city solutions further fuels growth.

The narrowband segment is expected to have the highest CAGR during the forecast period

The narrowband segment of the smart street lighting market is experiencing rapid growth due to its cost-effectiveness and efficiency in connecting a large number of devices over extended distances. Narrowband technologies, such as NB-IoT (Narrowband Internet of Things), offer advantages in low power consumption and enhanced coverage, making them ideal for urban and rural smart lighting solutions. These systems facilitate better data collection and control, leading to improved energy management and reduced operational costs.

Region with largest share:

The smart street lighting market in North America is experiencing robust growth due to several key factors. Government initiatives and investments in smart city projects are driving demand for energy-efficient and connected street lighting systems. The integration of Internet of Things (IoT) technology enhances real-time monitoring and control, reducing energy consumption and maintenance costs. Advancements in LED technology and the increasing adoption of adaptive lighting further support market expansion. Additionally, growing environmental concerns and regulatory mandates for energy efficiency are propelling the transition to smart street lighting across urban and suburban areas.

Region with highest CAGR:

The Asia-Pacific region is experiencing significant growth in the smart street lighting market, driven by rapid urbanization, smart city initiatives, and increased government investments in energy-efficient infrastructure. Countries like China, India, and Japan are leading this surge, leveraging advanced technologies like IoT and AI to enhance public lighting systems. Rising energy costs and the need to reduce carbon emissions further accelerate adoption. The market also benefits from declining LED prices and increasing awareness of the long-term cost savings and environmental benefits of smart lighting solutions.

Key players in the market

Some of the key players in Smart Street Lighting market include Acuity Brands Lighting Inc, Current Powered by GE, Eaton Corporation, EQUANS, FLASHNET SA, GE Lighting LLC, Honeywell International, Hubbell Incorporated, Itron Inc., Lutron Electronics, OSRAM Light AG, Royal Philips NV, Schneider Electric S.E, Signavio GmbH, Signify Holding and Telensa Limited.

Key Developments:

In June 2024, Itron, Inc., in partnership with artificial intelligence firm VODA.ai, has announced the release of a new Pipe Asset Management software aimed at aiding water utilities in their maintenance and replacement strategies. This AI-powered solution is designed to help utilities identify pipes that require replacement or rehabilitation, potentially reducing costs and improving the safety and reliability of water distribution.

In May 2024, Lutron Electronics has introduced all-new luxury architectural downlights, the Ketra D2 and Rania D2, featuring a 2" aperture downlight, diecast aluminum trims that are honed to a nearly invisible edge, a tighter control method for making micro adjustments, slimmer housing for installation, and lower price points than the predecessor Ketra D3 downlight line.

Types Covered:

• Solar-Powered Street Lights
• Remote Controlled Street Lights
• Motion-Sensor Street Lights
• Light Emitting Diode (LED) Street Lights
• Other Types

Components Covered:

• Hardware
• Services
• Software

Technologies Covered:

• Narrowband-Internet of Things (NB-IoT)
• Powerline Communication
• Medium Band
• Narrowband
• Broadband
• Other Technologies

Applications Covered:

• Video Surveillance
• Traffic Optimization
• Street Light Management
• Smart Parking
• Public Messaging
• Environmental Monitoring
• Other Applications

End Users Covered:

• Retail
• Residential
• Industrial
• Transportation
• Automotive
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Smart Street Lighting Market, By Type

• 5.1 Introduction
• 5.2 Solar-Powered Street Lights
• 5.3 Remote Controlled Street Lights
• 5.4 Motion-Sensor Street Lights
• 5.5 Light Emitting Diode (LED) Street Lights
• 5.6 Other Types

6 Global Smart Street Lighting Market, By Component

• 6.1 Introduction
• 6.2 Hardware
  • 6.2.1 LED Arrays
  • 6.2.2 Sensors
  • 6.2.3 Communication Module
• 6.3 Services
  • 6.3.1 Managed Services
  • 6.3.2 System Integrations
  • 6.3.3 Training & Implementation
  • 6.3.4 Other services
• 6.4 Software

7 Global Smart Street Lighting Market, By Technology

• 7.1 Introduction
• 7.2 Narrowband-Internet of Things (NB-IoT)
• 7.3 Powerline Communication
• 7.4 Medium Band
  • 7.4.1 Power Line Carrier
  • 7.4.2 Radio Frequency
• 7.5 Narrowband
  • 7.5.1 Sigfox
  • 7.5.2 LoRa
  • 7.5.3 RPMA
• 7.6 Broadband
  • 7.6.1 3G/4G cellular
  • 7.6.2 Wi-Fi
• 7.7 Other Technologies

8 Global Smart Street Lighting Market, By Application

• 8.1 Introduction
• 8.2 Video Surveillance
• 8.3 Traffic Optimization
• 8.4 Street Light Management
• 8.5 Smart Parking
• 8.6 Public Messaging
• 8.7 Environmental Monitoring
• 8.8 Other Applications

9 Global Smart Street Lighting Market, By End User

• 9.1 Introduction
• 9.2 Retail
• 9.3 Residential
• 9.4 Industrial
• 9.5 Transportation
• 9.6 Automotive
• 9.7 Other End Users

10 Global Smart Street Lighting Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Acuity Brands Lighting Inc
• 12.2 Current Powered by GE
• 12.3 Eaton Corporation
• 12.4 EQUANS
• 12.5 FLASHNET SA
• 12.6 GE Lighting LLC
• 12.7 Honeywell International
• 12.8 Hubbell Incorporated
• 12.9 Itron Inc.
• 12.10 Lutron Electronics
• 12.11 OSRAM Light AG
• 12.12 Royal Philips NV
• 12.13 Schneider Electric S.E
• 12.14 Signavio GmbH
• 12.15 Signify Holding
• 12.16 Telensa Limited